OHIO STATEWIDE FILES - Know your Ohio: John Davison Rockefeller [2] *********************************************************************** OHGENWEB NOTICE: All distribution rights to this electronic data are reserved by the submitter. Reproduction or re-presentation of copyrighted material will require the permission of the copyright owner. The submitter has given permission to the USGenWeb Archives to store the file permanently for free access. *********************************************************************** File contributed for use in USGenWeb Archives by Darlene E. Kelley http://www.genrecords.net/emailregistry/vols/00026.html#0006374 August 15, 1999 *********************************************************************** Historical Collections of Ohio The Kelley Family Collections Newspaper article, Plains Dealer compiled by S.J. Kelley-- 1925 And Then They Went West by Darlene E. Kelley 1998 *********************************************************************** In the year of 1860, the year of profits of $17,000 and doing business of $450,000, caused the expansion of the commission business. Maurice Clark and John Rockefeller, drew $1000 each from the profits. Renting more space for expansion, Maurice brought into the business his brothers, James and Richard Clark, to work for the firm, and Maurice became the buyer. John Rockefeller also brought in his brother, William. The war came on and as neither partner went to the front, they had full chance to take advantage of the opportunity for produce business a great army gives. A greater chance then furnishing army supplies, lucrative as most people found that, was in the oil business.[So Clark and Rockefeller began to think.] and in 1862, an Englishman of ability and energy, one Samuel Andrews, asked them to back him in starting a refinery. They put in $4000 and promised to give more if necessary. Rockefeller and the Clark brothers' investment converted Andrews distillery into a refinery. Rockefeller was only a silent partner and this firm became Clark & Andrews. James Clark was delegated to represent their interests at the plant in Titusville, PA. Now Andrews was a mechanical genius. He devised new processes, made better and better quality of oil, got larger and larger percentages of refined from his crude. The refinery grew big, and Clark and Rockefeller soon had $100,000 or more into it. In the meantime Cleveland was growing as a refining center. The business which in 1860 one of the most promising industries of the town. It was but the beginning-so Mr Rockefeller thought-and in that year he sold out his share of the commission business and put money into the oil firm of Rockefeller and Andrews. In the new firm Andrews attended to the manufacturing. The pushing of the business, the buying and selling, fell to Rockefeller. This was the year of 1863 and they went under the name of Andrews, Clark & Co. In 1864, Rockefeller married Laura C Spelman in Ceveland. From the start, Rockefellers effect was tremendous. He had the frugal man's hatred of waste and disorder, of middlemen and unnecessary manipulation, and he began a vigorous elimination of these from his business. The residuum that other refineries let run into the ground, he sold. Old iron found its way to the junk shop. He bought his oil directly from the wells. He made his own barrels. He watched and saved and contrived. The ability with which he made the smallest bargain furnishes topics to Cleveland story-tellers to-day. Low voiced, soft-footed, humble, knowing every point inevery man's busness, he never tired until he got his wares at the lowest possible figure. " John always got the best of the bargain," old men would tell you in Cleveland today. and they wince though they laugh in telling it. "Smooth," "a savy fellow" is their discription of him. To drive a good bargain was the joy of his life. " The only time I ever saw John Rockefeller enthusiastic," a man told his friends, " was when a report came in from the creek that his buyer had secured a cargo of oil at a figure much below the market price. He bounded from his chair with a shout of joy, danced up and down, hugged who ever was in sight, threw up his hat, acted so like a madman that I have never forgotten it." He could borrow as well as bargain. The firm's capital was limited, growing as they were, they often needed money, and had none. Borrow they must. Rarely if ever did Mr. Rockefeller fail. There is a story handed down in Cleveland from the days of Clark and Rockefeller, produce merchants, which is illustrative of his methods. One day a well-known and rich business man stepped into the office and asked for Mr. Rockefeller. He was out, and Clark met the visitor, " Mr Clark," he said, you may tell Mr. Rockefeller, when he comes in, that I think I can use the $10,000 he wants to invest with me for your firm, I have thought it over." " Good God" cried Clark, " we don't want to invest $10,000. John is out right now trying to borrow $5,000 for us." It turned out that to prepare him for a proposition to borrow $5,000 mr. Rockefeller had told the gentleman that he and Clark wanted to invest $10,000! " And the joke of it is," said Clark, who used to tell the story, " John got the $5,000 even after I had let the cat out of the bag. Oh, he was the greatest borrower you ever saw!" These qualities told . The firm grew as rapidly as the oil business of the town, and started a second refinery-William A Rockefeller and Company. They took in a partner, H.M. Flagler, and opened a house in New York for selling oil. Of all these concerns, John D. Rockefeller was the head. Five years after he became an active partner in the refining business, Mr. Rockefeller combined all his companies into one--- The Standard Oil Company. ***********************************************