The History of the Standard Oil CompanyTarbell, Ida M. (Ida Minerva)
History
The History of the Standard Oil Company
Tarbell, Ida M. (Ida Minerva)
Petroleum industry and trade -- United States -- History; Standard Oil Company -- History
If Mr. Rockefeller had been an ordinary man the outburst of popular
contempt and suspicion which suddenly poured on his head would have
thwarted and crushed him. But he was no ordinary man. He had the
powerful imagination to see what might be done with the oil business if
it could be centered in his hands—the intelligence to analyse the
problem into its elements and to find the key to control. He had the
essential element of all great achievement, a steadfastness to a purpose
once conceived which nothing can crush. The Oil Regions might rage, call
him a conspirator, and all those who sold him oil, traitors; the
railroads might withdraw their contracts and the Legislature annul his
charter; undisturbed and unresting he kept at his great purpose. Even if
his nature had not been such as to forbid him to abandon an enterprise
in which he saw promise of vast profits, even if he had not had a mind
which, stopped by a wall, burrows under or creeps around, he would
nevertheless have been forced to desperate efforts to keep up his
business. He had increased his refining capacity in Cleveland to 10,000
barrels on the strength of the South Improvement Company contracts.
These contracts were annulled, and in their place was one signed by
officials of all the oil-shipping roads refusing rebates to everybody.
His geographical position was such that it cost him under these new
contracts fifty cents more to get oil from the wells to New York than it
did his rivals on the creek. True, he had many counterbalancing
advantages—a growing Western market almost entirely in his hands, lake
traffic, close proximity to all sorts of accessories to his
manufacturing, but this contract put him on a level with his rivals. By
his size he should have better terms than they. What did he do?
Public-domain text, read in full here on John Shaqi.
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