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
of notions of justice and regard for the rights of others.
Unhampered, then, by any ethical consideration, undismayed by the
clamour of the Oil Regions, believing firmly as ever that relief for the
disorders in the oil business lay in combining and controlling the
entire refining interest, this man of vast patience and foresight took
up his work. That work now was to carry out some kind of a scheme which
would limit the output of refined oil. He had put his competitors in
Cleveland out of the way. He had secured special privileges in
transportation, but there were still too many refineries at work to make
it possible to put up the price of oil four cents a gallon. It was
certain, too, that no scheme could be worked to do that unless the Oil
Regions could be mollified. That now was Mr. Rockefeller’s most
important business. Just how he began is not known. It is only certain
that the day after the newspapers of the Oil Regions printed the report
of the Congressional Committee on Commerce denouncing the South
Improvement Company as “one of the most gigantic and dangerous
conspiracies ever attempted,” and declaring that if it had not been
checked in time it “would have resulted in the absorption and arbitrary
control of trade in all the great interests of the country.”[26] Mr.
Rockefeller and several other members of the South Improvement Company
appeared in the Oil Regions. They had come, they explained, to present a
new plan of co-operation, and to show the oil men that it was to their
interest to go into it. Whether they would be able to obtain by
persuasion what they had failed to obtain by assault was now an
interesting uncertainty.
CHAPTER FOUR
“AN UNHOLY ALLIANCE”
ROCKEFELLER AND HIS PARTY NOW PROPOSE AN OPEN INSTEAD OF A SECRET
COMBINATION—“THE PITTSBURG PLAN”—THE SCHEME IS NOT APPROVED BY THE
OIL REGIONS BECAUSE ITS CHIEF STRENGTH IS THE REBATE—ROCKEFELLER NOT
DISCOURAGED—THREE MONTHS LATER BECOMES PRESIDENT OF NATIONAL
REFINERS’ ASSOCIATION—FOUR-FIFTHS OF REFINING INTEREST OF UNITED
STATES WITH HIM—OIL REGIONS AROUSED—PRODUCERS’ UNION ORDER DRILLING
STOPPED AND A THIRTY DAY SHUT-DOWN TO COUNTERACT FALLING PRICE OF
CRUDE—PETROLEUM PRODUCERS’ AGENCY FORMED TO ENABLE PRODUCERS TO
CONTROL THEIR OWN OIL—ROCKEFELLER OUTGENERALS HIS OPPONENTS AND
FORCES A COMBINATION OF REFINERS AND PRODUCERS—PRODUCERS’
ASSOCIATION AND PRODUCERS’ AGENCY SNUFFED OUT—NATIONAL REFINERS’
ASSOCIATION DISBANDS—ROCKEFELLER STEADILY GAINING GROUND.
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