Standard Oil Company; Trusts, Industrial -- United States
The business received from her the most thorough and faithful
attention, and she maintained the prosperity her husband had founded by
making a profit of about $25,000 a year.
A representative of one of the oil combination came to her, she
continued, "with a proposition that I should sell to them." This
agent was "a brother manufacturer," who, but a short time before in
a conference with her, had agreed that in view of the dangers which
seemed to threaten them, he and she should mutually watch out for each
other, and that no arrangement should be made by either without letting
the other know. The next she saw of her ally he pounced upon her in her
office with the news that he was in the oil combination, that the head
of it had told him he meant to have control of the refining business
if it took him ten years, but he hoped to have it in two. He went on
to warm the woman's heart by the declaration that since he had become
acquainted with the secrets of the organization he wondered that he and
she had been able to hold out so long. After which preliminaries he
proposed that she, too, should sell to it. With sagacity and spirit she
declined point-blank to have any negotiation with him.
She declined to deal with subordinates, and said she did not want to
sell. The principal then called upon her at her residence. This was
in 1878, and these were dark days for "outside" refiners. One by one
they were sinking out of sight, and slipping under the yoke like the
victims of the "reconciliation" and "equalization" described in the
last chapter.
For six years word had been passing from one frightened lip to
another that they were all destined for the maw or the morgue, and
the fulfilment of the word had been appalling. He knew the members of
the oil combination, one of the best-known veterans of the oil region
testified in this case, naming them; "I have heard some of them say, in
substance, 'that they intended to wipe out all the refineries in the
country except their own, and to control the entire refining business
of the United States.'"
"The big fish are going to eat the little fish," one of the big fish
told a neighbor and competitor. When one of the little fish said he
"would not sell and was not afraid," he was told, "You may not be
afraid to have your head cut off, but your body will suffer!"
The woman was brave with love and enthusiasm for the memory of her
husband and the future of her children. She had had a great success,
but she knew the sea she was swimming. She saw strong men going down on
every side. She herself afterwards told in court of her great anxiety
as she would hear of one refinery after another surrendering, feeling
sure that that would eventually be the fate of her company.
Public-domain text, read in full here on John Shaqi.
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