The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1908-11-19
OIL TRUST KING
ON WITNESS STAND
Continued From Page One.

Continued From Page One.
were associated with him in the oil
business in the beginning, he gave. the
names of Morris James and Richard
Clark and Samuel Andrews.
GA co.partnership was formed,
said Mr.. Rockefeller, "known as An.
drews- Clark company, who operated at
Cleveland O."
Started in Small Way.
Mr.. Rockefeller said that the re-
fincry was a small one, and his CO.
partnership with Andrews. Clark and
was dissolved. ~ bought the bust
ness aud the property. and ! organized
the firm of Rockefeller 6 Andrews,
he said
busi2ess!,' Ta.
Ibid your business increase?'
''Yes, - said Mr. Rockefeller, "it in
creased steadily
"'What developments or change in
the company took place later3'
'Well, in 1866 there was a change.
The firm was William Rockefeller and
company. The Rockefeller was Will
liam. my brother. and the company
was Rockcfeller and Andrews.
Mr. Rockefeller said the refinery of
this company was in Clevelandi that
aftcrward another company, under The
name of William Rockefeller and COM
pany, was organized in New York. The
same firm members that composed the
Cleveland company made up the New
York company.
Asked what had been the course of
the oil business up 10 the time of the
organization OF the Standard Oil com
panv of Ohio, Mr.. Rockefeller replied;
eve had a steady growth and in
crease from the organization of tho
first firm in 1860 or 1862 until that
time.
Worked Hard at First
Mr.. Rockefeller said that every mem
her of the firm devoted his entire time
and attention 10 promoting tho COM
panv's growth and that none Of them
had any other business. He said tho
company did refining and warehouse
business, and that his brother, William
Rockefeller. took up his residence In
New York 20 develop the business here
and to save expenses.
''When did the next changa take
place2'
"Iu 1867 all The properties Of Rookie.
feller and Andrews, William Rookie.
feller and company and Rockefeller
the firm name of Rockefeller Andrews
& Flagler Mr., Flagler was a man
Of large business experience, and was
a valuable addition TO the firm. a
large amount of capital was put into
the firm, The company engaged in TIE
refining Of oil, which was sold. in tn g
country and abroad
"What was the next chauge:'
~ think that three years later. in
1870. tho STANDARD Oil company OF
Ohio organized with capital Of
81 900. .0oC, and We enlisted much
capital FOR tho company The first
field for tbe production of crude oil
was Eenango county, in the western
part of Pennsylvania, y said Mr.
Rockefeller
He looked to Ohio to obtain the
crude oil, and the refining. plants OF
the company were at Cleveland Pitts
burg, Parkersoure, Baltimore and New
Growth of Industry,
"'What had been the course of the
development of the industry at that
time
''There had been rapid development
in the cleansing and refining of oil"
The business OF refining was profit
able, and as a result, he said, many
refnerics were built. People turned to
this business of refining OIL who were
not necessarily the best trained busi
ness men. Tic Standard Oil company
put mp all the reflncries possible.
'Was Mr., Andrews practical re
! Gner?"
'.That was the reason he was given
A part in the business, said Mr.
Rockefeller. g He was a practical re
fuer of oil, and it gave him an excel
lent opportunity 10 associate himself
I in the business in this way.
/ In answer 20 Il question Mr.. Rookie
feller said that Cleveland was the hest
! distributing point TO obtain the dumes
| tic trade. Its disadvantage was that
thev had q long haul TO the seaboard
| for the export trade.
''What wns the comparative size OF
your refinery to others at that time in
! 1907"
q believe it was the largest in the
I country at that time. -
| THE company was capitalized al
/ $l,0O00O0 Was that considered large
! eapitalization9 asked Mr. Millburn
! Yes replied Mr.. Rockefeller. 'It
/ was considered very large. We thought
it very large, as We started in 1866
with $4,000
Where Money Was Saved.
Mr.. Rockefeller said they mad,
many improvements in the business
! One thing they did was TO manufacture
| their own barrels at a saving Of one
| half. He said the savings on the bar
reIs represented a large saving TO TN,
company and represented one of tn,
innovations developed in the company
The things that we used from time
10 time we were enabled TO produce al
prices low~r than that which we pre-