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 association which now prepared to contest the mastery of the oil
business with Mr. Rockefeller and those who had joined him was a curious
and a remarkable body. Its membership, drawn from the length and breadth
of the Oil Regions, included men whose production was thousands of
barrels a day and men who were pumping scarcely ten barrels; it included
college-bred men who had come from the East with comfortable sums to
invest, and men who signed their names with an effort, had never read a
book in their lives, and whose first wells they had themselves “kicked
down.” There were producers in it who had made and lost a half-dozen
fortunes, and who were, apparently, just as buoyant and hopeful as when
they began. There were those who had never put down a dry well, and were
still unsatisfied. However diverse their fortunes, their breeding, and
their luck, there was no difference in the spirit which animated them
now.
[Illustration:
M. N. ALLEN
Independent refiner of Titusville. Editor of the _Courier_, an able
opponent of the South Improvement Company.
]
[Illustration:
JOHN FERTIG
Prominent oil operator. Until 1893 active in Producers’ and Refiners’
Company (independent).
]
[Illustration:
CAPT. WILLIAM HASSON
President of the Petroleum Producers’ Association of 1872.
]
[Illustration:
JOHN L. MC KINNEY
Prominent oil operator. Until 1889 an independent. Now member of the
Standard Oil Company.
]
The president of the association was Captain William Hasson, a young man
both by his knowledge of the Oil Regions and the oil business well
fitted for the position. Captain Hasson was one of the few men in the
association who had been in the country before the discovery of oil. His
father had bought, in the fifties, part of the grant of land at the
mouth of Oil Creek, made in 1796 to the Indian chief Cornplanter, and
had moved on it with his family. Four years after the discovery of oil
he and his partner disposed of 300 acres of the tract they owned for
$750,000. Young Hasson had seen Cornplanter, as the site of his father’s
farm was called, become Oil City; he had seen the mill, blacksmith shop
and country tavern give way to a thriving town of several thousand
inhabitants. All of his interests and his pride were wrapped up in the
industry which had grown up about him. Independent in spirit, vigorous
in speech, generous and just in character, William Hasson had been
thoroughly aroused by the assault of the South Improvement Company, and
under his presidency the producers had conducted their successful
campaign. The knowledge that the same man who had been active in that
scheme had now organised a national association had convinced Captain
Hasson of the necessity of a counter move, and he threw himself
energetically into an effort to persuade the oil producers to devise an
intelligent and practical plan for controlling their end of the
business, and then stand by what they decided on.
Public-domain text, read in full here on John Shaqi.
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