Bisbee daily review., 1909-04-18
ROCKEFELLER TELLS IF
 HIS BUSINESS CAREER
Oil King Says the Essential Element of Business Success is to Follow the Established Law of High Class DeaI- ing, Keep to Broad and Sane Lines and Be Sure
 They Are Correct

John D. Rockefeller. in a recent magazine article says in part:
 Going into the iron ore field was one of those experiences in which one finds oneself rather against the will; it was not deliberate plan, but came aoout through unfortunate in Vsstments in the Northwest.
 These included mines. steel mills, paper mills. a rail factory, railroads, lumber fields. smelting properties, and other investments. about which l have forgotten. l was a minority stockholder. and had no part in the management. Not all were tlrofit- able. Fer period of years preced- ing 1893, values were more or less inflated.
 Most of these properties I had not even seen, having relied on the in yestigation of others. It has never been my custom to rely alone on my own knowledge of the value of such plants; I have found other people who knew much better how to in vestigate such enterprises.
 Nursing Weak Concerns
 Even at this time had been D an ming to relieve myself of business cares and the panic caused me only to postpone my long holiday. l was fortunate in making the acquaintance of Frederick T. Gates, then engaged in work of the American Baptist Ed ucational Society which required him to travel extensively. Once l sug- gested that he look over a southern iron mill. and his report proved a model. I then arranged with him to accept position whereby he could nelp me- unravet these targled af- fairs. It has been our policy never co allow a company to be thrown into bankruptcy if we could prevent; for receiyerships are very costly. and often involve heavy sacrifices of gen uine values. Our plan has been to stay with the institution. nurse 1t, lend it money when necessary, i'm prove facilities. cheapen production, and avail ourselves of opportunities which time and paeience bring. We carried many for years. and nearly all escaped bankruptcy, receiyership and foreclosure. We got a vast expert ence in the doctoring of che commer- cially i'll. Much can be done by care f,t attention. even when g business is apparently in deep water. It requires two things: some added capital put in by ones self or secured from oth- CTS, and strict adherence to the sound. natural laws of business.
 Forced to Buy Properties.
 Among these investments were ore mines and a railroad being built to carry ore. Though We were minority holders. it seemed up to us to keep the enterpr.sts alive through the har- rowing panic. I had to loan my per sonaI securities to raise money. and finally we had to supply great deal of actual cash and buy currency at a high premium to ship West by ex- press and pay the laborers. We found we had invested many millions and no one wanted to go in with us and buy stocks: everybody else seemed to want to sell; substantially all the stock of the companies came without solicitation on our part. and We paid for it in cash. We found our selves in control of great amount of ore lands. but still faced most imperfect method Of transporting the ore.
 When We realized that, to protect our investment, we should be obliged to go into the business of selling in 2 large way, we felt that we must not stop short of doing the work effect lively as possible. and We bought all the orc land we thought was good We believed We could never have too many good mines. It was surprise to me that the great ircn and steel manufacturers did not place what seemed an adequate value on these mines
 Some Curious Awards.
 We needed our own ships to trans port the ore. We knew nothing or building ships. sc, following our GUS tom, went to the man who had the widest knowledge of the subject lie was in the transportation business on 9 large scale. and We realized that we would become competitors. We
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