Standard Oil Company; Trusts, Industrial -- United States
At this writing there is an old man named Samuel Van Syckel, over
eighty years of age, partly paralyzed, but still vigorous, living in
an obscure back street of Buffalo, very poor, though his fertile brain
has helped to make millionaires of many others. Van Syckel's life has
been one of ups and downs, possible only in the case of an adventurous
mind seeking the golden-fleece in a new industry and in a new country.
Of all the brave and ingenious men who have experimented, invented,
and pioneered to realize for mankind all the surpassing possibilities
of the coming oil age, he is one of the most notable. He had already
made and lost one or two fortunes when we find him, about 1860, with a
little still in Jersey City, making roof-tar.
He was born in Hunterdon County, New Jersey, the son of a farmer, and
worked on the farm until he was of age, when he went into business.
The panic of 1857 caught him with sails wing-a-wing, conducting all
at once, and prosperously, grist-mills, linseed-oil mills, grain
distilleries--these he had to take for a debt--several stores,
cooper-shops, and two or three farms.
He failed because he had gone security for others, but he paid 100
cents on the dollar, and went to New York City. There he became a
member of the Corn Exchange, and opened a commission-house for the sale
of produce. His country friends had such confidence in his honesty and
judgment that within six months he had done a business of $400,000.
But he discovered that of the 1500 members of the Exchange all but
one had failed, and many of them several times. He saw that he was
in a position where, through the inability of some other dealer to
fulfil his contract, he might be swamped any day, and lose all he had
himself and all the thousands intrusted to him by his friends. He had
old-fashioned notions about losing friends' money, to himself or to any
one else. He left the produce business. He went to making roof-tar in
Jersey City, and in 1860 built one of the first refineries for making
kerosene out of petroleum. When "Colonel" Drake, in 1859, found out
that oil could be got by drilling, Van Syckel was one of those the new
source of supply found waiting for it. He began refining in a small
way, and, with an ardor which he has carried into everything he has
done, he plunged into the study of new ways of refining the oil which
then started to flow with embarrassing riches out of thousands of
wells. The study of oil-refining became his passion, as, fortunately
for us less gifted folk, the study of the effects of heat on clay,
of sulphur on the gum of the caoutchouc-tree, of steam on the lid of
the teakettle, were in their time passions with Palissy, Goodyear,
and Watts. In the work of his life, forcing its secrets out of this
difficult liquid, he has been very successful. Earthly reward the
old inventor has none, but, sitting in his story-and-a-half cottage,
what he mourns most is that he has been and is denied the opportunity
of work.
Public-domain text, read in full here on John Shaqi.
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