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
The feeling of outrage and resentment against the Standard Oil Company,
general in the Oil Regions at the close of the Oil War because of the
belief that it intended to carry on the South Improvement Company in
some new way, was intensified in the weeks immediately following the
outbreak by the knowledge that Mr. Rockefeller had been so enormously
benefited by the short-lived concern. Here he was shipping Eastward over
one road between 4,000 and 5,000 barrels of refined oil a day—oil wrung
from his neighbours by an outrageous conspiracy, men said bitterly. This
feeling was still keen when Mr. Rockefeller and several of his
colleagues in the South Improvement scheme suddenly, in May, 1873,
appeared on the streets of Titusville. The men who had fought him so
desperately now stared in amazement at the smiling, unruffled
countenance with which he greeted them. Did not the man know when he was
beaten? Did he not realise the opinion the Oil Regions held of him? His
placid demeanour in the very teeth of their violence was disconcerting.
Not less of a shock was given the country by the knowledge that Mr.
Rockefeller, Mr. Flagler, Mr. Waring and the other gentlemen in their
party were pressing a new alliance, and that they claimed that their new
scheme had none of the obnoxious features of the defunct South
Improvement Company, though it was equally well adapted to work out the
“good of the oil business.”
For several days the visiting gentlemen slipped around, bland and
smiling, from street corner to street corner, from office to office,
explaining, expostulating, mollifying. “You misunderstand our
intention,” they told the refiners. “It is to save the business, not to
destroy it, that we are come. You see the disorders competition has
wrought in the oil industry. Let us see what combination will do. Let us
make an experiment—that is all. If it does not work, then we can go back
to the old method.”
Public-domain text, read in full here on John Shaqi.
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