Standard Oil Company; Trusts, Industrial -- United States
The oil age begins characteristically. As soon as Drake's well had
made known its precious contents, horses began running, and telegrams
flying, and money passing to get possession of the oil lands for the
few who knew from those who did not know. The primitive days when "it
was not monopolized by any one" were over. Thousands of derricks rose
all over the territory, and oil scouts pushed with their compasses
through the forests of the wilderness in all directions. Wells were
bored all over Europe, as well as America, wherever traces of oil
showed themselves, sometimes so close together that when one was pumped
it would suck air from the other.
As soon as the petroleum began to flow out of the ground, refineries
started up at every available place. They were built near the wells,
as at Titusville and Oil City, and near the centres of transportation,
such as Pittsburg and Buffalo, and near the points of export, as
Philadelphia, Baltimore, New York. Numbers of little establishments
appeared on the Jersey flats opposite New York.
There was plenty of oil for every one; at one time in 1862 it was only
ten cents a barrel. The means of refining it had long before been
found by science and were open to all; and even poor men building
little stills could year by year add on to their works, increase their
capital, and acquire the self-confidence and independence of successful
men. The business was one of the most attractive possible to capital.
"There is no handsomer business than this is," said one of the great
merchants of New York. "You can buy the (crude) oil one week, and sell
it the next week refined, and you can imagine the quantity of business
that can be done." Men who understood the business, he said, "if they
had not the capital could get all of the money they wanted."[43]
Whatever new processes and contrivances were needed the fertile
American mind set about supplying. To carry the oil in bulk on the
railroads tubs on flat cars were first used; but it was not long before
the tub was made of iron instead of wood, and, laid on its side instead
of bottom, became the tank of the cylinder car now so familiar.
The fluid which lubricates so many other things on their way through
the world is easily made to slip itself along to market. General S.D.
Karns was the author,[44] in 1860, of the first suggestion of a pipe
line. He planned only for oil to run down hill. Then Hutchinson, the
inventor of the Hutchinson rotary pump, saw that oil could be forced
through by pressure, and the idea of the pipe line was complete.
The first successful pipe line, put down by Samuel Van Syckel,[45]
of Titusville, in 1865, from Pithole to Miller's Farm, four miles,
has grown into a net-work of thousands of miles, running through the
streets of towns, across fields and door-yards, under and over and
beside roads, with trunk lines which extend from the oil regions to
Pittsburg, Cleveland, Buffalo, Baltimore, New York, Williamsport,
Chicago, and the Ohio River.
Public-domain text, read in full here on John Shaqi.
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