The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-08-02

tunes of John D. Rockefeller, as well
as of Henry M. Flagler. The money
OF Hardness and~the methods of Flag
Ter were just what. the petroleum re-
finery needed. Previous to the advent
!. OF, .Flagler the company had been con-
Quoted In semi-sentimental way.
John D. RockefelIer's heart had not yet
hardened intoA granite in his business
dealings, although he was the 'princi-
pal schemer irfsthe firm.
1t was differentt with Flagler. Al
though he had been far from success
full as maker of salt and a sawyer of
logs, he developed remarkable talents
when 1t came to petroleum In deal
with opposing refners he went as far
as the law would permit. He argued
that there was neither friendship or
feeling traffic. consequently when
ne got his business enemy In a hole he
Under these new, tactics the firm Of
Rockefeller, Andrews & Flagler throve
apace. Their business was extended
amazingly. and'tn sort of geometrical
progression. In 1870 the firm had be-
come so imposing and their business
so immense that 1t was thought best to
incorporate under the style of 1.-THE
Standard Oil Company" with cap
ital of 81 1000, 900. More consultations
followed. They resembled the CONSOLE
dalton of the bird and the worm, but
they were within the limits Of business
ethics.
During the days when he was a COM
mission merchant John D. Rockefeller
had married Cleveland school
teacher, Miss Lucy SpeIlman. The
union proved a very happy one, and at
the time of the incorporation Of the
Standard Oil Company he had two lit
tie daughters, Bessie and Alta, who
have since become lovely young women.
Altogether the Standard Oil magnate
has had four children. The oldest
daughter Bessie, is the wife of Profess
scr Charles Strong. who occupies the
chair of Professor of Psychology in. the
Chicago university. The youngest of
the four is John D., Jr who is now "a
years OF age. A year or two ago
Edith become the wife of one Of the
Mccormick boys, of Chicago.
Mrs: Rockefeller is q slight little
woman, with grayish hair that was
once jet black Her life has been de-
voted almost exclusively to her hus-
band, her children and her household.
She has never figured in the society
columns of the newspapers or in great
Social events She has been giving
money away in charity continually
since her marriage The idea of one
great concern that should control all
the petroleum in this country original
ed With John I'D! Il RockefelfersS The
Standard Oil G@lpany was already an
immensely ,weaAhy 4corporation .Whe1
svthis~~idea~ was goNed. Shortlgssafter
the company haA bsgun to swallow the
smaller -coneefrfs MFR Andrewsss the ora
iginal partner M the business. became
diSSa fisf7aF ss=ss-sSsa = r.
. He still rer1af5sadEat the rafiner;es Il "a
the capacity oG superintendent, while
Rockefeller, -Eslagle1sand the rest of the
firm had evoluNd,Zso to speak, into
'carpeted offices and easy chairs. So
Andrews, zaftePs tfd1king the matter
over, offered ca seaF his interest. He
claimed to be enInnaon, practical man,
while .JohnS@D. Mock efeller. considered
himself very propeTly, an uncommon
man. 1t is probable that this was the
beginning OF the stfoHble. ~
~ GOOD BUSINESS Deal
%s4Ataany rate, talere was a.. complaint
on Andrews part, and, quick as a wink
rRoekefeffeF asked him how much money
he wanted for his share. Andrews was
already rich man. He grew somewhat
excited. and, grabbing a piece of paper,
wrote upon it, "One million dollars, %
and handed it to Rockefeller. The. lat
ter accepted the offer Instantly and
the transfer was made.
A few days later Rockefeller sold
the Andrews stock to w. II. Wander
bilt for 81, $50, 900, thus clearing a mod
crate fortune on the transaction.
After the retirement of Andrews from
the Standard Oil company the "cOn-
solidations'' and extensions continued
without cessation, until practically all
the petroleum output of this country
was under its control Then 1t began
to reach abroad for the control of the
Russian output. Although as yet it has
not secured full control, it has sue
ceeded in underselling the Russians,
even in their own country, 1t seems to
be only a question of time, however,
before the Standard will have the oil
markets of the entire world in it's
hands.
1t was when the Standard Oil COM
Dany began to be a concern of national
ma gnitu1e' that John d. Rockefeller
began TO give away those magnificent
sums for charity that have made his
name a synonym for benevolence. They
have increased with his growing for
tune until at present his gifts to various
charaties range from $500, 900 to 1,000,-
900 annually. PIX
The Standard Oil company in one
sense has been only bureau for the
distribution of the earnings of the COM
panieS unC er its control. 1t has paid, and
continues to pay,Nsst profits to it's Ger
tificate holders. For the past eight years
it has paid dividends at the rate of
twelve per cent. peEsgfar. In the earlier
years the profits were not so large, but
they were substantial. Is it any wonder
that under the Giro umstanceS John ID.
Rockefeller is tha-FiQhest man in the
United States? He once said before a
legislative investigating committee that
he did not knows how rich he was by
Several millions. No other man ever
his income is derived from the oil bust
ness, his outside interests bring him
several millions a year.
OTHER AMBITIOUS PROJECTS.
In the neighborhood of Puget Sound
there is. a.. lake r but little known TO
Eastern people : It is called Lake
Washington. 1t is spring fed, and is
about twenty-five miles long. from
eight to ten miles wide and has depth
OF water sufficient to float the largest
steamships.
Mr.. Rockefeller's scheme was to build
belt line of railways around the lake.
making connections with the great
trunk lines running to the East Next,
| in connection with Gen. Russell A.
Alger, he proposed to build a canal
twelve miles long, running from the
lake to the sea. 1t was to be~a ship
canal, capable of floating steamers en-
gagged in the China trade, and was to
become port of entry which was to be
come the future metropolis of the coast
north of San Francisco.
Mr. Rockefeller IS an iron king as
well as an oil Croesus. He practically
owns all the Lake Superior iron mines.
as well as the principal IRON mines Cf