OHIO STATEWIDE FILES - Know your Ohio: S. J. Kelly Newspaper Articles [3] *********************************************************************** 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 *********************************************************************** Elizabeth (Payne Burton) Corethers writes: " Here is another transcript from S.J. Kelly. The article is not complete as the bottom of one column is missing and I suspect that another small portion may be missing from the end of it, but probably at least 80% of it is there." When James H. Clark Choked John D. Rockefeller. by S.J. Kelly At Billiards-- The billiard balls are clicking in the billiard house of James H. Clark out on old Cedar Avenue. It is 1872. The house is located a few hundred feet west of his home on his twenty-acre estate. Mr. Clark is telling about John D. Rockefeller and the Standard Oil. I was there and heard the story. I can remember Mr.Clark, one of the three founders of the great oil company,as if he stood before me now. Typically English, medium height, powerfully built, deep chested, voice well modulated, his accent was that of his Malmesbury ancestry. as in everything else, "Jim" Clark excelled in billiards. He was reputed to be a boxer. The neighbors long had heard his splendid solos on the cornet. Mr. Clark was winning as usual and as he leaned his muscular frame over the table he played accurately. If he missed a shot he would slowly draw up one foot. Although one of the founders, he was out of the Standard Oil. He had just sold his one thousand shares in the company to his friend Col. Oliver H. Payne for $113,500. Had he retained those thousand shares until 1899, they would have been worth $700,000 and his yearly income would have been $231,000 by the books of the company. But something had happened between Jim Clark and John D. Rocefeller. The shares that Clark had sold to Payne, he had received for the Clark, Payne & Co., an independant oil refining concern, which they had established and sold to the Standard Oil Company. He offered part of the same stock to a member of our family for a certain frontage on E.71st Street. Standard Oil The great Standard Oil Corp., originating wholly in Cleveland, and from which up to 1936 permanent public foundations amounting to $800,000,000 have their source, has an early history that is being lost in oblivion. John D. Rockefeller dismissed the subject with these words; " In the early sixties we organized a firm to refine and deal in oil. It was composed of Messrs. James and Richard Clark, Mr. Samuel Andrews, and the firm of Clark & Rockefeller." The latter firm was Maurice Clark and himself. But there is more to the story. Behind the statement of Mr. Rockefeller, and the few hazy items given by contradictory historians of the Corporation, is the real origin of the Standard Oil Co. It is doubtful if stockholders of Cleveland and their descendants who have shares in its dividends for the past sixty years know the beginning, always the hardest part, of their worldwide concern. In 1862, the striking of great oil wells in the east was at its height. [ Here, part of the bottom of the article is missing.] ----firm of Clark & Rockefeller at Nos 39,41,43,and 45 River Street. Rockefeller was the junior member and attended to the bookkeeping and finances. Maurce Clark was the buyer. James H. Clark and Richard Clark were men of all work of the firm. They had prospered and in 1862, Clark and Rockefeller had each received $ 17,000 as profits of the business. At the time there came to the office another young Englishman, Samuel Andrews. He had erected a small still on Walworth Run, one of several that had been built there, housed in flimsy shacks. He had but little money and urged Clark and Rockefeller to invest. The tidal wave of the boom in the oil regions had reached Cleveland. Rockefeller had visited Titusville. He and the Clark brothers invested several thousand dollars in Andrew's hillside shanty distillery and converted his ten-barrel-a-day plant into a refinery. Rockefeller was only a silent partner. The firm was Clark & Andrews! "Jim " Clark, active and shrewed, was delegated to represent their interests at the plant. Three More Years In three years the Clarks and Rockefeller had drawen $1000,000 each from the profits and each had an investment valued at that sum in the refinery. The first barrels of oil of the massive Standard Oil Co., of New Jersey that in 1903 paid $81 on every $100 worth of stock owned, were distilled at that plant. Cleveland, although two hundred miles from an oil well, was destined to become the center of the refining business with 26 plants pouring their wastes into the Walworth and Kingsbury Runs. John D. Rockefeller attended to the financial end of the growing Clark & Andrews Oil Refinery in the office of the Clark & Rockefeller commission house. He kept well in advance of the money demands of the company by a system of borrowing and he was casting longing eyes on the ownership of the oil refinery to the exclusion of the Clarks. He had already made overtures to Andrews that they become owners of the plant. Distrust had entered the hitherto friendly relations of th firm. As Mr. Clark told the story, he says that Rockefeller sent him out to collect $5000 for the comany. This had taken several days and he did not report until he had the money. Rockefeller had become suspicious and when he entered the office he acted uneasy. Finally he approached Clark in a determined manner and demanded what he had collected and in a choking voice upbraided him. Battle This was a signal for fight with "Jim" Clark. He grasped Rockefeller, swung him from his feet and threw him to the floor. All his bulldog nature aroused, Clark seized Rockefeller's necktie and half choked him. Maurice and Richard Clark were present and dragged "Jim" from the prostate Rockefeller.The future oil magnate arose, adjusted his clothes and went on with his accounts as if nothing had happened. But the first gun had been fired. Rockefeller himself says, " I had already arranged to get financial accomodation to buy the Clark-Andrews plant." He aproached Maurice Clark but he demurred against selling. At a meeting it was proposed off-hand to auction off the plant. Maurice Clark, thinking the bid would not go beyond $ 40,000, quickly assented. The bidding quickly ran up from $500 to $50,000. Rockefeller had quietly secured financial backing beyond the resources of Maurice, Jim, and Richard Clark. They bid $72,000. "$72,500," said Rockefeller. The brothers saw their investment of three years gone. " I can go no higher. The plant and business is yours, Rockefeller," said Maurice Clark meekly. The Clarks were out of the future Standard Oil in which, if they had been able to retain their interests, they would have been one of the largest stockholders. Rockefeller says that as the bidding mounted higher he almost feared he could not buy the plant and pay for it, but at the finish he blandly said, "Shall I give you a check for it now?" *******************************************