The evening world. [volume] (New York, N.Y.) 1887-1931, 1908-11-18

! Ter. I'VE were paving what seemed "a
US a very large prlce..,-often as mucl as
from whom We bought used green wood
and the slaves would shrink and cause
leaks,
Why They Made Barrels.
we were particularly troubled with
leakage In our New York warehouses, SO
We decided 10 go into the woods. fell
our own trees. cut the slaves and dry
them In i\lns of our own. In this way
VIC sol a satisfactory barrel for about
halt what 1t cost us when we bought
from tfe individual cooper.
I'VE regarded this as a very wise and
economical business step"
Were YOU the first oil rehners to
make your own barrels
We were, without doubt. the hrst,
and so continued Tor some years,
Did this venture represent proht?'
1t represented very good, n very
satisfactory. investment. II was in itself
very good business
BY going into the woods and chopplng
the trees with the axe, and curing the
slaves on the ground, we were able to
conduct the business economically and
10 make barrels at the minimum of cost
We had the capital to do this thing, and
other things as the years passed on
which were innovations in the oil trade
We were pioneers. SO to speak, In many
That economy represented a consid-
cradle sum Of money!
Yes, indeed. 1t represented very
fine business"
THAT was, a. you have said. an lnuo-
walton YOU established YOURSELF"
oh. yes n decided tnnovation-a nov
city. If l may say so"
Can you remember any others7 | do
not mean FOR You to tax your mind. "
said Mr.. Milburn. The witness said
that there were many other economies
that were possible because OF the spare
capital OF his concern. He dwelt on
this point as II seeking to impress it,
Was your capital valuable TO you,
and in constant use all these years."
asked Milburn silkily.
Always Able to Borrow.
Yes. indeed" said the witness. AL
though it hasn't been asked of me d.
rectly,. would like to say, If there is
rowers Of money all those years. We
got money very cheap. Because, I am
siad to say and proud to say, that we
always Kept our promises, paid our
paper and watched our debts. We were
thereby able to get money for enlarging
our business very reasonably. and this
was Of great help TO us-a very great
help" a,n.,o,,,.. oo.u.,.
tahlished in New York extended your
facilities in the loaning market?" was
asked.
Yes. 1t extended our facilities with
the New York house. making Ii possible
for us to purchase money at the cheap
est rates in the cheapest money markets
in the United States.
Also it brought us in contact with
financiers and men who could obtain
loans for us. 1t brought us In contact
with such men as Amasa Stone, Mr..
Stillman, Benjamin Brewster. Oliver
Jennings and other capitalists OF Cieve-
My brother William had connections
and friends We put our money in the
New York banks and were able through
Mr.. Rockefeller described the methods
Of shipping oil in barrels, sixty barrels
to a box car. and the sending of IL
to the Comrany's warehouses
Later" ran on the witness. we built
rnen we had our own warehouses and
our own lighters"
And others in the same business?"
nEr;a,dsr outdie+.,c.d
r'e'uS o"''''''"eeo'
Well replied Mr.. Rockefeller, open
ing and shutting his hands, II do not
recall that any Of our friends in the
same forward steps
Milburn, big bulky man, would lean
forward across the table until his race
was very close TO the thln race OF the
witness. The two of them made one
think Of that old painting Of the fat
monk and the INN one, teling each
other rare stories in the wine cellar
of the monastery. There was some
fe!ler's pose and his shaver ,jowls. His
eyes looked peculiarly. naked somehow,
for the Redeemed lids had no lashes on
them. and the two gray points seemed
to stand far out of the face. The purs-
ing of the lips gave the mouth con-
tracted look. suggestive of the small.
hard mouth of rodent. All the time
there was an intangible something
about him that seemed to be pleading
He was never aggressive. bu; always
on the mildly defensive. He impressed
you somehow as one craving public
.yfnpatliy and approval and credence.
MT fearful that he would not get It, no
matter how hard he tried
Thsv cid,4 Have m. c,ah
The extension of the business had
en.en no 50 much capital that the others
- NOT rave th. money to do those