Standard Oil Company; Trusts, Industrial -- United States
They went to the office of the member of the combination whom Van
Syckel had said he would confide in. "He seemed to be very glad to
see me, and very sorry to learn I had been so unfortunate in the oil
regions. He then asked me what these patent works would cost in a small
way to prove that oil could be successfully made under continuous
distillation. I told him it could be done for about $10,000. He said
they would give it, ... and if it proved a success they would give me
$100,000. He said it was worth more. He would give me $125 a month to
support my family during the time I was building and testing it. I
said, 'Let us put what we have agreed upon in writing.' He begged off
for a time. He said it could be done at Titusville just as well. He saw
I was not quite satisfied being cut off in that way, so he took my hand
and said he would give me his word and honor what they had agreed upon
there should be put in writing at Titusville Monday morning. I did not
want to press him any harder. I told him I would take the $125 a month
until the thing was tested. If it proved a failure the whole thing
should come back where it started from, and if it proved a success he
was to pay me $100,000" (for the patents and the business). "He said
we all understood it, then. I went home." Van Syckel called upon the
Titusville member of the trust. "He begged off from me the same as the
other did in New York; said they were pressed with business. He said
they would fix it this afternoon, or words to that effect." Instead
of building for him, as it had agreed, the combination, the moment he
placed himself in its hands, destroyed the building he had already
begun.
"What did they do with the works when they bought them?"
"They took the brick that was on the cars and hauled them to other
places, I suppose, and I don't know where they threw the still. They
kept that leased property during the five years for a junk-yard. I went
the next day to see him, and pressed him about it the best I could.
I could not accomplish anything; he appeared to be busy, or kept out
of the way. I kept chasing to his office. I tried to catch him and
talk over what I should depend on, where we were going to build; but
he kept out of the way. He said he had not seen their folks. In July,
1879, more than three years after our contract in New York, he said
they had had a meeting of all their wise-heads, and they had called in
chemists, and they all unanimously agreed that oil could not be made
by a continuous process, and gave that as a reason for not furnishing
the money to build these works. I said, in reply, 'I am not responsible
for the knowledge that the "oil combination" has for refining oil;
neither would I exchange mine for all they have got combined. You said
you would furnish me the money and build these works, and do as you had
agreed to do.' I walked out. That was about the last I had to say to
him on that subject."
Public-domain text, read in full here on John Shaqi.
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