In exchange, the stockholders received certificates entitling them to a specified share. It was the first trust ever formed and was constructed to circumvent ohio laws restricting ownership of out of state companies. Standard oil, in full standard oil company and trust, american company and corporate trust that from 1870 to 1911 was the industrial empire of john d. In 1882, rockefeller formed the standard oil trust, which controlled upward of 95 percent of the refining capacity in the united states. Rockefeller organized the first trust, the standard oil trust. This commanding position having been gained, in 1882 they concentrated their holdings under the standard oil trust, which included the entire stock of fourteen companies and a majority interest in twentysix additional concerns. In building the giant standard oil monopoly, john d. Standard oil, hounded by state and federal anti trust investigations and. Constitutional rights foundation bill of right in action spring 2000 16. He built up the company through 1868 to become the largest oil refinery firm in the world. The standard oil trust was formed in 1863 by john d.
It was the executive committee that made all of that possible. Chamber documents and litigation records reveal a push by private parties. In 1870, the company was renamed standard oil company, after which rockefeller decided to buy up all the other competition and form them into one large company. Rockefeller and associates, controlling almost all oil production, processing, marketing, and transportation in the united states.
The artwork on the cover of this book is not open access and falls under. This historic document was printed by the franklin banknote company and has an ornate border around it with a vignette of the. Also, the quality of kerosene was improved, byproducts were introduced, and costs acrosstheboard were cut. An attorney for standard suggests a new corporate arrangement where the stockholders standard s group of companies transferred their shares to a single set of trustees who controlled all of the companies. Oil trust agreement, which was signed on january 2, 1882. And that quest for mastery is what this book is about. Dodd, an attorney for john rockefellers standard oil co. The partitions are of a most attractive pattern and type, in a combination of marble, mahogany and glass, with brass grill work, and there are three service windows, for use of a cashier, teller and book keeper. The company also led the way in horizontal integration, controlling businesses in the same industry. Tarbell is noticeably absent from the book, but rockefeller makes a few thinly. The history of the standard oil company clovis municipal school. Ohio, between 1882 and 1892, a constant warfare was waged.1470 185 782 434 381 1535 1127 847 585 91 919 921 339 17 1486 609 663 874 1121 760 109 1289 808 1014 857 162 894 1588 561 1337 64 1253 285 1019 1286 141 668 931