The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-11-30
TIE KING OF TIE OIL TRADE
amy - ROCK tFELLER'S RISE TO 7Hh
uytD or TIE GREIT MONOPOLY

,,. UuAtng Of 10000 Barrels otFctfoieum
c,rvrt.,Np NOV. 2S. The story told re-
..s,ly i'm the columns of Tug SITS " the way in
.t,.h a few men under an organization known
y. ,ho standard Oh COMPANY obtained control
H.. a. fcw years of the petroleum trade of the
r.ril haas been characterized 10y a publ, man
" cincinnati r. IA history that reads Ike
,.o..f tn. Arabian Nights II showed how.
.',tin fem yoar- These men. who ara yet young.
.,Iyl.. b,san lie with two exceptions without
.1,il,r mastered the trade in an article that
,.pl. third 100 she li-t of exports from the
t.Itsl s,ntes that stands first in ocean tom
nus, r~,u.r.d and u.s. with the exception Of
ami rr-f In i'- demands upon railroad COM
,,,i,4 tr transportation. II involves bust
.-.'a hundred millions "a wear it supports
itr..t, ami indirectly, not far from twenty
n,1saui persons. and the profits that these few
r..r .,t from 90 are believed to he not less than
omtIson of dollars month.
Sam, on. SD the story GOES. expressed 10
r...,r.l,rc Vanderbilt. shortly before his Inst
fines. ana1emcni that such results SHOULD
I.y..lr.n accomplished hynn organization that
l..tu bus n,.- ony few years before with
m,sf in-ieu.0'unt capital
..crpinl" the aged Commodore replied.
"c.niiaH They had the best kind " capital
nb.cu with. Tucy had brains and energy
The President of the standard Company.
John y. R1eSaicllcr. possesses all these
r.markall, business qualities without which
,he su,,oss OF this organization would have
ban imu. thr. Business mon m Cleve-
l.lf Iu flHn.i regions, and in NV York who
li.v him ur know Of him regard his us one
81 the great c'mmrroial intelleots of the coun-
,rv IT. is rI.-~cd with stewart IN the ability
vth which hn oIn attend To- the drudrerv and
lrdiruitr- OF cuisines that Is mad" up oi most
ir.@om" d"'m's: bankers assure me that the
crsr with VIII 'h hg Compartments ana handles
financial topics has been 10 them almost
marvellous ant hls success IN reaching out
pnl bringing into subsection and his own
r. .fr.. frr Nlrious branches " the petroleum
trade. so that h" might master II all Immense
a. % u.s. j. lllnt"d to us proof oi master mind.
John u !. kAiru"r IT, Just turning forty. ana
ha. UyeI 81. mis- life hy the Cuynhoga River. The
mm.I, iS uf Scotch descent. Of h father very
lue p known. .ut hc is said To have been a to-
llro d'a..r John was tn" second Of three
sons. ole. william. being associated with him
IN the standard ms lis Vice. President while a
younger One. Frank. h. connected with the pi-
onerr OIL Company. which late developments.
mu'h o. the ~ufpri~" oi Cleveland merchants
show 90 be urotec;rd hy the Standards broad
wings President Ruckaie,lcr began his bust
ur.s 100. a- a hookke"pcr. He WIS thought
tlnu o. be- "a rather dun hut ploddng sort II
young man. but ite knew how TO save the cents.
ali he g.t. after while. a salary Of $50
month. With the savings that he made out Of
sIN hundred % year. he had laid 10y in a few
yours enough money for capital 10 start out Tor
Inns IT. and he went into the -four and grain
business. and IL was here that Andrews. the
pa reinor IN those early days. found
Ersair.lrr and suggested To him the enter
rrl-" ut ~ which has grown the Standard oil
Mr 'Rockafellor is said t. b. worth to-day
more than hv" million dollars the bulk Of
which has boon accumulated since 1872 The
people II Cleveland say that II Is his ambition
tb.'ome the richest man IN ONO, and one Of
he ten richest men in the United States.
Whether this bc his secret ambition or not he
J. IN - fair why of being able to count on his
tne = the men IA the country who are richer
The standard oil Company has ut its COM
uaui any moment more ready money than any
atnking institution in Ohio. and there are
naud for large amounts of cash on AN instant =
notice can bs rs rasily met IA IN" standard
aulI meet n similar demand. Its check, so
good authority says. has been drawn iur mil
Jon ami a half ON tn" annnuu .rturut of tho ac-
sttHnce Of proposal 10y telegraph; and a
less weeks ago there wis paid 90 Mr. Andrews
nearly q million dollars for his interest In
lsnouys this interest wis sold o. William II
Vanderbilt. 50 IL is currently reported. although
D." admitted 10y the star dnri OH 'lAls. for three
lIudred thousand dollars more than WIS paid
trit This ability 10 commnnd large sums in
ready cash results from Mr.. Rockaiellrr's de-
term nation. when he began TO 81 tate the inun-
cltl policy ot the standard. To Keep the bus ness
strictly Uuuu 70 cash bnsis and IL is one OF the
iu-tNn''- of tI- rigid VIII thut. IN spit" of many
oh-ta.le- ami threatened loss Of bus moss. he
hats brtu au.. tu follow that system. To-day
iie I"ir l"un Trade is wholly carried on upon
prr,'len Eo.safrler's pluck is often re-
icrred o. and. unlike many men Of pluck aud
oi-'lnH'y. Dc appears 10 know when he II
beaten. H. saw before any one else that the
: am Improvement scheme had failed, and
no on" seemed ~ submit more gracefully
'ei"ni Than h". In reality. he only changed
lis Tactics. a. his Subsequent success in geti n.s
al that o. hoped 10 get by the South Improve
nrut scheme proves.
Then, again. some time ago. Taylor 4 Co. a
frm Of wealthy producers with whom Mr..
Il hai".rl nad come sort OF arrangement.
Thought That the STANDARD were getting all the
M-ssrs. TAYLOR < Co. sued the STANDARD aleg-
INK that President Rprkai-ller'- company had
IrAel u en- out 81 their lair share 81 the profits.
y iW NJ. Taylor was ln "A way Of exposing some
Oh the Internal secrets 81 the MONOPOLY, and
come Of Mr. Ro"kafeller's ussoeiates were
disposed 90 quake IL little. But he was just as
LhW!luruai l- rs ever. He mad" a show Of
nghilng and did double NJ his legal fists but
lus' As Il seemed probable that Mr.. Taylor was
gong INTO court where H. would tell all he
k1,w, his suit WIS suddenly withdrawn. He
nhl sued Tor more than s2.OOOUOO IL is sa d
tai ne received a check fora milton and half.
While The President of the Standard thus
draws checks for millions. arranges for the
I4I'hase OF sale Of forty thousand barrels Of
D. had better run his rohneries TO their full
eapt l} er store oil Tor IA while, allots the
S.g1uni %. relying 70 be done by the different
= 70, Pittsburgh, Tltusvilr. Buffalo. amt
t~'-anI winch the Standard controls while
~ 'l. "li ms great plans for the present con
w.. Nnl hlr other great schemes Tor the per
iiN' hI control OF the petroleum trHde; while
kegs an eve on the dissatisfied oil pro-
gItf-. ~ me LEGISLATURE at Harrisburg and
"lNN'' uud hi'n'l- 10 tongrl 80 lnNcstlgu-
lN- lnnit"", YET he wRtchrs with the utmost
T,f' ll' most minute details Of the business.
49, t.~' ~ iu lu the price OF coal, the waste ot
SdA'l "I Oh here and there, the starting up
rUy refinery 10 bAckmail the standard
H." .Nllls .l-uoi an inirequent occurrence
using nl hali ton more Of conf 10y one
"hr'' ihun hy another the reports Of experts
."! 'i ns AMI hrurrlug rrnnlng-all ol