Standard Oil Company; Trusts, Industrial -- United States
Where every one else failed, out of this havoc and social disorder
one little group of half a dozen men were rising to the power and
wealth which have become the marvel of the world. The first of them
came tardily into the field about 1862. He started a little refinery
in Cleveland, hundreds of miles from the oil wells. The sixty and
more manufacturers who had been able to plant themselves before 1860,
when they had to distil coal into petroleum before they could refine
petroleum into kerosene, had been multiplied into hundreds by the
arrival of petroleum ready made from below. Some of the richest and
most successful business men of the country had preceded him and were
flourishing.[49] He had been a book-keeper, and then a partner, in a
very small country-produce store in Cleveland. As described by his
counsel some years later, he was a "man of brains and energy without
money." With him were his brother and an English mechanic. The mechanic
was bought out later, as all the expert skill needed could be got for
wages, which were cheaper than dividends.[50] Two or three years later
another partner was added, who began life as "a clerk in a country
store,"[51] and had been in salt and lumber in the West. A young
man, who had been in the oil region only eleven years, and for two
of the eleven had been errand-boy and book-keeper in a mixed oil and
merchandise business,[52] a lawyer, a railroad man, a cotton broker,
a farm laborer who had become refiner, were admitted at various times
into the ruling coterie.
The revolution which revolved all the freemen of this industry down
a vortex had no sooner begun than the public began to show its
agitation through every organ. The spectacle of a few men at the
centre of things, in offices rich with plate glass and velvet plush,
singing a siren song which drew all their competitors to bankruptcy
or insanity or other forms of "co-operation," did not progress, as it
might have done a hundred years ago, unnoticed save by those who were
the immediate sufferers. The new democracy began questioning the new
wealth. Town meetings, organizations of trades and special interests,
grand juries, committees of State legislatures and of the United States
Senate and House of Representatives, the civil and criminal courts,
have been in almost constant action and inquiry since and because.
Public-domain text, read in full here on John Shaqi.
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