69-620: The Hammocks is a historic site in Ormond Beach , Florida , United States . It is located at 311 John Anderson Highway . On September 5, 1989, it was added to the U.S. National Register of Historic Places . This article about a property in Volusia County, Florida on the National Register of Historic Places is a stub . You can help Misplaced Pages by expanding it . Ormond Beach, Florida Ormond Beach
138-610: A 40 hp (30 kW) 269 cu in (4,410 cc) Curtiss V-8 motorcycle . Lee Bible , in the record-breaking, but fatal, White Triplex , was less fortunate. Driving on the beach is still permitted on some stretches. The municipality was officially renamed as the City of Ormond Beach following a referendum held on April 25, 1950. Ormond Beach has four downtown riverfront parks and a beachfront park along with 37 other parks and gardens large and small. The historic shopping district located along Granada Boulevard from A1A to Orchard Street
207-535: A 65.4% payout ratio . The total net earnings from 1882 to 1906 amounted to $ 838,783,800 (equivalent to $ 21,321,800,000 in 2023), exceeding the dividends by $ 290,347,800, which was used for plant expansions. In 1896, John Rockefeller retired from the Standard Oil Co. of New Jersey, the holding company of the group, but remained president and a major shareholder. Vice-president John Dustin Archbold took
276-524: A British petroleum entrepreneur in Mexico, began negotiating with Standard Oil in 1912–13 to sell his "El Aguila" oil company, since Pearson was no longer bound to promises to the Porfirio Díaz regime (1876–1911) to not to sell to U.S. interests. However, the deal fell through and the firm was sold to Royal Dutch Shell . Standard Oil's production increased so rapidly it soon exceeded U.S. demand and
345-471: A beam of 32 feet (9.8 m), a depth of 10 feet 6 inches (3.2 m), and had a bulletproof wheelhouse. Mei Ping ("Beautiful Tranquility"), launched in 1927, was designed off-shore, but assembled and finished in Shanghai. Its oil-fuel burners came from the U.S. and water-tube boilers came from England. Standard Oil Company and Socony-Vacuum Oil Company became partners in providing markets for
414-539: A consequence of the reporting of Ida Tarbell , who wrote The History of the Standard Oil Company . The net value of companies severed from Jersey Standard in 1911 was $ 375 million, which constituted 57 per cent of Jersey's value. After the dissolution, Jersey Standard became the United States' second largest corporation after United States Steel . The Standard Oil Company (New Jersey), which
483-665: A dozen or so within Standard Oil knew the extent of company operations. The committee counsel, Simon Sterne , questioned representatives from the Erie Railroad and the New York Central Railroad and discovered that at least half of their long-haul traffic granted rebates and much of this traffic came from Standard Oil. The committee then shifted focus to Standard Oil's operations. John Dustin Archbold , as president of Acme Oil Company, denied that Acme
552-479: A female householder with no husband present, and 32.6% were non-families. 27.1% of all households were made up of individuals, and 15.3% had someone living alone who was 65 years of age or older. The average household size was 2.27 and the average family size was 2.75. In 2000, in the city, the population was spread out, with 19.2% under the age of 18, 4.5% from 18 to 24, 22.4% from 25 to 44, 26.5% from 45 to 64, and 27.4% who were 65 years of age or older. The median age
621-457: A gallon or forty-two cents a barrel, an effective 71% discount from its listed rates in return for a promise to ship at least 60 carloads of oil daily and to handle loading and unloading on its own. Smaller companies decried such deals as unfair because they were not producing enough oil to qualify for discounts. Standard's actions and secret transport deals helped its kerosene price to drop from 58 to 26 cents from 1865 to 1870. Rockefeller used
690-609: A growing Standard Oil spin-off in its own right. In the Asia-Pacific region, Jersey Standard had oil production and refineries in the Dutch East Indies but no marketing network. Socony-Vacuum had Asian marketing outlets supplied remotely from California. In 1933, Jersey Standard and Socony-Vacuum merged their interests in the region into a 50–50 joint venture. Standard-Vacuum Oil Co., or "Stanvac", operated in 50 countries, from East Africa to New Zealand , before it
759-407: A large part in the running of the firm. In the year 1904, Standard Oil controlled 91% of oil refinement and 85% of final sales in the United States. At this time, state and federal laws sought to counter this development with antitrust laws. In 1911, the U.S. Justice Department sued the group under the federal antitrust law and ordered its breakup into 39 companies. Standard Oil's market position
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#1732801959681828-900: A quarter of the shares of the resultant companies, and those share values mostly doubled, he emerged from the dissolution as the richest man in the world. The dissolution had actually propelled Rockefeller's personal wealth. By 1911 the Supreme Court of the United States ruled, in Standard Oil Co. of New Jersey v. United States , that Standard Oil of New Jersey must be dissolved under the Sherman Antitrust Act and split into 39 companies. Two of these companies were Standard Oil of New Jersey (Jersey Standard or Esso), which eventually became Exxon , and Standard Oil of New York (Socony), which eventually became Mobil ; those two companies later merged into ExxonMobil . Over
897-596: A series of Gilded Age hotels catering to passengers aboard his Florida East Coast Railway , which had purchased the St. Johns & Halifax Railroad. Once a well-known landmark which was listed on the National Register of Historic Places in 1980, the hotel was razed in 1992. On December 5, 1896, the Nathan F. Cobb , a wooden schooner built in 1890, ran aground on a sandbar off Ormond. One of Flagler's guests at
966-414: A symbol of the reliable "standards" of quality and service that he envisioned for the nascent oil industry. In the early years, John D. Rockefeller dominated the combine; he was the single most important figure in shaping the new oil industry. He quickly distributed power and the tasks of policy formation to a system of committees, but always remained the largest shareholder . Authority was centralized in
1035-410: A tanker, was specially designed for river duty. It was built by New Engineering and Shipbuilding Works of Shanghai, who also built the 500-ton launch Mei Foo in 1912. Mei Hsia ("Beautiful Gorges") was launched in 1926 and carried 350 tons of bulk oil in three holds, plus a forward cargo hold, and space between decks for carrying general cargo or packed oil. She had a length of 206 feet (63 m),
1104-746: Is a city in Volusia County, Florida , United States. The population was 43,080 at the 2020 census. Ormond Beach lies directly north of Daytona Beach and is a principal city of the Deltona–Daytona Beach–Ormond Beach, FL Metropolitan Statistical Area . The city is known as the birthplace of speed, as early adopters of motorized cars flocked to its hard-packed beaches for yearlong entertainment, since paved roads were not yet commonplace. Ormond Beach lies in Central Eastern Florida. The Timucuan town of Nocoroco
1173-602: Is home to dozens of locally owned shops and restaurants along with historic and cultural sites. The approximate coordinates for the City of Ormond Beach is located at 29°17′11″N 81°04′30″W / 29.286405°N 81.074882°W / 29.286405; -81.074882 (29.286405, –81.074882). According to the United States Census Bureau , the city has a total area of 39.0 square miles (101.0 km ), of which 31.9 square miles (82.7 km )
1242-638: Is land, and 7.1 square miles (18.3 km ) (18.12%) is water. Drained by the Tomoka River , Ormond Beach is located on the Halifax River lagoon and the Atlantic Ocean . The climate in this area is characterized by hot, humid summers and generally mild winters. According to the Köppen climate classification , the City of Ormond Beach has a humid subtropical climate zone ( Cfa ). As of
1311-566: Is named for James Ormond I, an Anglo-Irish-Scottish sea captain commissioned by King Ferdinand VII of Spain to bring Franciscan settlers to this part of Florida. Ormond had served Britain and Spain in the Napoleonic Wars as a ship captain, and was rewarded for his services to Spain by King Ferdinand VII. Ormond later worked for the Scottish Indian trade company of Panton, Leslie & Company , and his armed brig
1380-700: Is the Florida East Coast Railway , which had a station within the city. Ormond Beach contained a connection to the former Ormond Hotel , which was accessed via the St. Johns and Halifax Railway . Passenger service ended in during the strike of 1963. Freight service continues to operate along the Florida East Coast Railway, but makes no stops within Ormond Beach. Ormond Beach is an active commercial and residential market in
1449-573: The 2020 United States census , there were 43,080 people, 18,554 households, and 11,121 families residing in the city. As of the 2010 United States census , there were 38,137 people, 16,617 households, and 10,408 families residing in the city. As of the census of 2000, there were 36,301 people, 15,629 households, and 10,533 families residing in the city. The population density was 1,409.8 inhabitants per square mile (544.3/km ). There were 17,258 housing units at an average density of 670.2 units per square mile (258.8 units/km ). The racial makeup of
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#17328019596811518-544: The Chevron Corp . Some have speculated that if not for that court ruling, Standard Oil could have possibly been worth more than $ 1 trillion in the 2000s. Whether the breakup of Standard Oil was beneficial is a matter of some controversy. Some economists believe that Standard Oil was not a monopoly, and argue that the intense free market competition resulted in cheaper oil prices and more diverse petroleum products. Critics claimed that success in meeting consumer needs
1587-676: The Erie Canal as a cheap alternative form of transportation—in the summer months when it was not frozen—to ship his refined oil from Cleveland to the industrialized Northeast. In the winter months, his only options were the three trunk lines—the Erie Railroad and the New York Central Railroad to New York City, and the Pennsylvania Railroad to Pittsburgh and Philadelphia. Competitors disliked
1656-502: The Sherman Antitrust Act (Senate 51–1; House 242–0), a source of American anti-monopoly laws. The law forbade every contract, scheme, deal, or conspiracy to restrain trade, though the phrase "restraint of trade" remained subjective. The Standard Oil group quickly attracted attention from antitrust authorities leading to a lawsuit filed by Ohio Attorney General David K. Watson . From 1882 to 1906, Standard paid out $ 548,436,000 (equivalent to $ 13,941,200,000 in 2023) in dividends at
1725-430: The Sherman Antitrust Act of 1890, for sustaining a monopoly and restraining interstate commerce by: Rebates, preferences, and other discriminatory practices in favor of the combination by railroad companies; restraint and monopolization by control of pipe lines, and unfair practices against competing pipe lines; contracts with competitors in restraint of trade; unfair methods of competition, such as local price cutting at
1794-678: The South Improvement Co. which would have allowed him to receive rebates for shipping and drawbacks on oil his competitors shipped. But when this deal became known, competitors convinced the Pennsylvania Legislature to revoke South Improvement's charter. No oil was ever shipped under this arrangement. Using highly effective tactics, later widely criticized, it absorbed or destroyed most of its competition in Cleveland in less than two months and later throughout
1863-646: The Standard Oil Company (New Jersey) acquired the shares of the other 19 companies and became the holding company for the trust. Jersey Standard operated a near monopoly in the American oil industry from 1899 until 1911 and was the largest corporation in the United States. In 1911, the landmark Supreme Court case Standard Oil Co. of New Jersey v. United States found Jersey Standard guilty of anticompetitive practices and ordered it to break up its holdings. The charge against Jersey came about in part as
1932-590: The US Supreme Court upheld the lower court judgment and declared the Standard Oil group to be an "unreasonable" monopoly under the Sherman Antitrust Act , Section II. It ordered Standard to break up into 39 independent companies with different boards of directors, the biggest two of the companies being Standard Oil of New Jersey (which became Exxon ) and Standard Oil of New York (which became Mobil ). Standard's president, John D. Rockefeller, had long since retired from any management role. But, as he owned
2001-512: The Yangtze River , the largest of which were Mei Ping (1,118 gross register tons (GRT)), Mei Hsia (1,048 GRT), and Mei An (934 GRT). All three were destroyed in the 1937 USS Panay incident . Mei An was launched in 1901 and was the first vessel in the fleet. Other vessels included Mei Chuen , Mei Foo , Mei Hung , Mei Kiang , Mei Lu , Mei Tan , Mei Su , Mei Hsia , Mei Ying , and Mei Yun . Mei Hsia ,
2070-499: The poverty line , including 7.3% of those under age 18 and 5.0% of those age 65 or over. The City of Ormond Beach has a commission-manager form of government. The Ormond Beach Municipal Airport is the main airport in Ormond Beach. For more international travel, commuters would be required to drive to the Daytona Beach International Airport . The main railroad line through Ormond Beach
2139-728: The Deltona-Daytona Beach-Ormond Beach MSA. Manufacturers enjoy a healthy business climate and engage in global marketing. Ormond Beach Business Park and Airpark, a foreign trade zone, is home to 29 companies that provide more than 2,000 jobs. Recent studies show the workforce to be educated, productive, and competitive with 10 percent underemployed. Seven colleges and universities and the Advanced Technology Center support business needs with career advancement, workforce development, and research. Education, health care, and government are
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2208-527: The Ormond Hotel was his former business partner at the Standard Oil Company , John D. Rockefeller . He arrived in 1914 and after four seasons at the hotel bought an estate called The Casements , that would be Rockefeller's winter home during the latter part of his life. Sold by his heirs in 1939, it was purchased by the city in 1973 and now serves as a cultural center. It is the community's best-known historical structure. Beginning in 1902, some of
2277-495: The Standard Oil Co. charges altogether excessive prices where it meets no competition, and particularly where there is little likelihood of competitors entering the field, and that, on the other hand, where competition is active, it frequently cuts prices to a point which leaves even the Standard little or no profit, and which more often leaves no profit to the competitor, whose costs are ordinarily somewhat higher. On May 15, 1911,
2346-475: The Standard into markets, or they have been made high to keep its competitors out of markets. Trifling differences in distances are made an excuse for large differences in rates favorable to the Standard Oil Co., while large differences in distances are ignored where they are against the Standard. Sometimes connecting roads prorate on oil—that is, make through rates which are lower than the combination of local rates; sometimes they refuse to prorate; but in either case
2415-409: The city was 94.28% White , 2.75% African American , 0.17% Native American , 1.44% Asian , 0.02% Pacific Islander , 0.31% from other races , and 1.03% from two or more races. Hispanic or Latino of any race were 2.20% of the population. In 2000, there were 15,629 households, out of which 23.5% had children under the age of 18 living with them, 55.7% were married couples living together, 8.8% had
2484-482: The company began viewing export markets. In the 1890s, Standard Oil began marketing kerosene to China's large population of close to 400 million as lamp fuel. For its Chinese trademark and brand, Standard Oil adopted the name Mei Foo ( Chinese : 美孚 ) as a transliteration. Mei Foo also became the name of the tin lamp that Standard Oil produced and gave away or sold cheaply to Chinese farmers, encouraging them to switch from vegetable oil to kerosene. The response
2553-653: The company include Henry Flagler, developer of the Florida East Coast Railway and resort cities, and Henry H. Rogers , who built the Virginian Railway . In 1885, Standard Oil of Ohio moved its headquarters from Cleveland to its permanent headquarters at 26 Broadway in New York City . Concurrently, the trustees of Standard Oil of Ohio chartered the Standard Oil Co. of New Jersey (SOCNJ) to take advantage of New Jersey's more lenient corporate stock ownership laws. In 1890, Congress overwhelmingly passed
2622-571: The company together) and the Rockefeller family controlled a majority of the stock during all the history of the company up to the present time." These families reinvested most of the dividends in other industries, especially railroads. They also invested heavily in the gas and the electric lighting business (including the giant Consolidated Gas Co. of New York City ). They made large purchases of stock in U.S. Steel , Amalgamated Copper , and even Corn Products Refining Co. Weetman Pearson ,
2691-587: The company's business practices, but consumers liked the lower prices. Standard Oil, being formed well before the discovery of the Spindletop oil field (in Texas, far from Standard Oil's base in the Midwest) and a demand for oil other than for heat and light, was well placed to control the growth of the oil business. The company was perceived to own and control all aspects of the trade. In 1872, Rockefeller joined
2760-601: The company's main office in Cleveland, but decisions in the office were made cooperatively. The company grew by increasing sales and through acquisitions. After purchasing competing firms, Rockefeller shut down those he believed to be inefficient and kept the others. In a seminal deal, in 1868, the Lake Shore Railroad, a part of the New York Central , gave Rockefeller's firm a going rate of one cent
2829-462: The first automobile races were held on the compacted sand from Ormond south to Daytona Beach . Pioneers in the industry, including Ransom Olds with his Pirate Racer , and Alexander Winton , tested their inventions. The American Automobile Association brought timing equipment in 1903 and the area acquired the nickname the "Birthplace of Speed." In 1907, Glenn Curtiss set an unofficial world record of 136.36 miles per hour (219.45 km/h), on
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2898-407: The largest employment sectors within the area. Among the corporations that call Ormond Beach home are: Standard Oil Company Standard Oil is the common name for a corporate trust in the petroleum industry that existed from 1882 to 1911. The origins of the trust lay in the operations of the Standard Oil Company (Ohio) , which had been founded in 1870 by John D. Rockefeller . The trust
2967-579: The next few decades, both companies grew significantly. Jersey Standard, led by Walter C. Teagle , became the largest oil producer in the world. It acquired a 50 percent share in Humble Oil & Refining Co. , a Texas oil producer. Socony purchased a 45 percent interest in Magnolia Petroleum Co. , a major refiner, marketer, and pipeline transporter. In 1931, Socony merged with Vacuum Oil Co. , an industry pioneer dating back to 1866, and
3036-551: The northeastern United States. A. Barton Hepburn was directed by the New York State Legislature in 1879, to investigate the railroads' practice of giving rebates to their largest clients within the state . Merchants without ties to the oil industry had pressed for the hearings. Prior to the committee's investigation, few knew of the size of Standard Oil's control and influence on seemingly unaffiliated oil refineries and pipelines—Hawke (1980) cites that only
3105-731: The oil reserves in the Middle East. In 1906, SOCONY (later Mobil) opened its first fuel terminals in Alexandria. It explored in Palestine before the World War broke out, but ran into conflict with the local authorities. By 1890, Standard Oil controlled 88 percent of the refined oil flows in the United States. The state of Ohio successfully sued Standard, compelling the dissolution of the trust in 1892. But Standard simply separated Standard Oil of Ohio and kept control of it. Eventually,
3174-399: The open arrangement of rates; (3) discriminations in classification and rules of shipment; (4) discriminations in the treatment of private tank cars. The government alleged: Almost everywhere the rates from the shipping points used exclusively, or almost exclusively, by the Standard are relatively lower than the rates from the shipping points of its competitors. Rates have been made low to let
3243-427: The period of 1904 to 1906 and concluded that "beyond question ... the dominant position of the Standard Oil Co. in the refining industry was due to unfair practices—to abuse of the control of pipe-lines, to railroad discriminations, and to unfair methods of competition in the sale of the refined petroleum products". Because of competition from other firms, their market share gradually eroded to 70 percent by 1906 which
3312-426: The points where necessary to suppress competition; [and] espionage of the business of competitors, the operation of bogus independent companies, and payment of rebates on oil, with the like intent. The lawsuit argued that Standard's monopolistic practices had taken place over the preceding four years: The general result of the investigation has been to disclose the existence of numerous and flagrant discriminations by
3381-583: The railroads in behalf of the Standard Oil Co. and its affiliated corporations. With comparatively few exceptions, mainly of other large concerns in California, the Standard has been the sole beneficiary of such discriminations. In almost every section of the country that company has been found to enjoy some unfair advantages over its competitors, and some of these discriminations affect enormous areas. The government identified four illegal patterns: (1) secret and semi-secret railroad rates; (2) discriminations in
3450-599: The result of their policy is to favor the Standard Oil Co. Different methods are used in different places and under different conditions, but the net result is that from Maine to California the general arrangement of open rates on petroleum oil is such as to give the Standard an unreasonable advantage over its competitors. The government said that Standard raised prices to its monopolistic customers but lowered them to hurt competitors, often disguising its illegal actions by using bogus, supposedly independent companies it controlled. The evidence is, in fact, absolutely conclusive that
3519-787: The scale of companies, Rockefeller and his associates developed innovative ways of organizing to effectively manage their fast-growing enterprise. On January 2, 1882, they combined their disparate companies, spread across dozens of states, under a single group of trustees. By a secret agreement, the existing 37 stockholders conveyed their shares "in trust" to nine trustees: John and William Rockefeller, Oliver H. Payne , Charles Pratt , Henry Flagler , John D. Archbold , William G. Warden, Jabez Bostwick , and Benjamin Brewster . "Whereas some state legislatures imposed special taxes on out-of-state corporations doing business in their states, other legislatures forbade corporations in their state from holding
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#17328019596813588-472: The sister of William Rockefeller's wife. In 1870, Rockefeller abolished the partnership and incorporated Standard Oil in Ohio. Of the initial 10,000 shares, John D. Rockefeller received 2,667, Harkness received 1,334, William Rockefeller, Flagler, and Andrews received 1,333 each, Jennings received 1,000, and the firm of Rockefeller, Andrews & Flagler received 1,000. Rockefeller chose the "Standard Oil" name as
3657-738: The state of New Jersey changed its incorporation laws to allow a company to hold shares in other companies in any state. So, in 1899, the Standard Oil Trust, based at 26 Broadway in New York, was legally reborn as a holding company , the Standard Oil Co. of New Jersey (SOCNJ), which held stock in 41 other companies, which controlled other companies, which in turn controlled yet other companies. According to Daniel Yergin in his Pulitzer Prize-winning The Prize: The Epic Quest for Oil, Money, and Power (1990), this conglomerate
3726-493: The stock of companies based elsewhere. (Legislators established such restrictions in the hope that they would force successful companies to incorporate—and thus pay taxes—in their state.)" Standard Oil's organizational concept proved so successful that other giant enterprises adopted this "trust" form. By 1882, Rockefeller's top aide was John Dustin Archbold , whom he left in control after disengaging from business to concentrate on philanthropy after 1896. Other notable principals of
3795-592: The wealthy seeking relief from northern winters during the Floridian boom in tourism following the Civil War . The St. Johns and Halifax Railway arrived in 1886, and the first bridge across the Halifax River was built in 1887. John Anderson and James Downing Price opened the Ormond Hotel on January 1, 1888. Henry Flagler bought the hotel in 1890 and expanded it to accommodate 600 guests. It would be one in
3864-415: Was 48 years. For every 100 females, there were 87.8 males. For every 100 females age 18 and over, there were 84.7 males. In 2000, the median income for a household in the city was $ 43,364, and the median income for a family was $ 52,496. Males had a median income of $ 38,598 versus $ 26,452 for females. The per capita income for the city was $ 26,364. About 4.2% of families and 6.1% of the population were below
3933-467: Was a Standard company only from 1908 until 1911. One of the original " Muckrakers " Ida M. Tarbell , was an American author and journalist whose father was an oil producer whose business had failed because of Rockefeller's business dealings. After extensive interviews with a sympathetic senior executive of Standard Oil, Henry H. Rogers , Tarbell's investigations of Standard Oil fueled growing public attacks on Standard Oil and monopolies in general. Her work
4002-410: Was associated with Standard Oil. He then admitted to being a director of Standard Oil. The committee's final report scolded the railroads for their rebate policies and cited Standard Oil as an example. This scolding was largely moot to Standard Oil's interests since long-distance oil pipelines were now their preferred method of transportation. In response to state laws that had the result of limiting
4071-532: Was born on January 2, 1882, when a group of 41 investors signed the Standard Oil Trust Agreement, which pooled their securities of 40 companies into a single holding agency managed by nine trustees. The original trust was valued at $ 70 million. On March 21, 1892, the Standard Oil Trust was dissolved and its holdings were reorganized into 20 independent companies that formed an unofficial union referred to as "Standard Oil Interests." In 1899,
4140-592: Was called the "Somerset". After returning to Spanish control, in 1821, Florida was acquired from Spain by the United States, but hostilities during the Second Seminole War delayed settlement until after 1842. In 1875, the community was founded as New Britain by inhabitants from New Britain, Connecticut , but would be incorporated on April 22, 1880, as the Town of Ormond for its early plantation owner. With its hard, white beach, Ormond became popular for
4209-462: Was dissolved in 1962. Rockefeller's original company, Standard Oil Company of Ohio ( Sohio ), effectively ceased to exist when it was purchased by BP in 1987. BP continued to sell gasoline under the Sohio brand until 1991. Other Standard oil entities include "Standard Oil of Indiana" which became Amoco after other mergers and a name change in the 1980s, and "Standard Oil of California" which became
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#17328019596814278-597: Was formed in 1933. To distribute its products, Standard Oil constructed storage tanks, canneries (bulk oil from large ocean tankers was re-packaged into 5-US-gallon (19 L; 4.2 imp gal) tins), warehouses, and offices in key Chinese cities. For inland distribution, the company had motor tank trucks and railway tank cars, and for river navigation, it had a fleet of low-draft steamers and other vessels. Stanvac's North China Division, based in Shanghai, owned hundreds of vessels, including motor barges, steamers, launches, tugboats, and tankers. Up to 13 tankers operated on
4347-519: Was initially established through an emphasis on efficiency and responsibility. While most companies dumped gasoline in rivers (this was before the automobile was popular), Standard used it to fuel its machines. While other companies' refineries piled mountains of heavy waste, Rockefeller found ways to sell it. For example, Standard bought the company that invented and produced Vaseline , the Chesebrough Manufacturing Co. , which
4416-457: Was located where the Tomoka River joins the Halifax River , just north of present-day Ormond Beach, when Álvaro Mexía passed through it in 1605 on a mission to establish relations between Spanish Florida and the Surruque and Ais peoples of the coast of what are now Volusia and Brevard counties. Little is known of what happened to inhabitants of the area after Mexía's visit. The city
4485-619: Was positive, sales boomed and China became Standard Oil's largest market in Asia. Prior to Pearl Harbor, Stanvac was the largest single U.S. investment in Southeast Asia . The North China Department of Socony (Standard Oil Company of New York) operated a subsidiary called Socony River and Coastal Fleet, North Coast Division, which became the North China Division of Stanvac (Standard Vacuum Oil Company) after that company
4554-654: Was published in 19 parts in McClure's magazine from November 1902 to October 1904, then in 1904 as the book The History of the Standard Oil Co . The Standard Oil Trust was controlled by a small group of families. Rockefeller stated in 1910: "I think it is true that the Pratt family, the Payne– Whitney family (which were one, as all the stock came from Colonel Payne), the Harkness-Flagler family (which came into
4623-712: Was renamed Exxon in 1973 and ExxonMobil in 1999, remains the largest public oil company in the world. Many of the companies disassociated from Jersey Standard in 1911 remained powerful businesses through the twentieth century. These included the Standard Oil Company of New York , Standard Oil Company (Indiana) , Standard Oil Company (California) , Ohio Oil Company , Continental Oil Company , and Atlantic Refining Company . Standard Oil's prehistory began in 1863, as an Ohio partnership formed by industrialist John D. Rockefeller , his brother William Rockefeller , Henry Flagler , chemist Samuel Andrews , silent partner Stephen V. Harkness , and Oliver Burr Jennings , who had married
4692-449: Was seen by the public as all-pervasive, controlled by a select group of directors, and completely unaccountable. In 1904, Standard controlled 91 percent of production and 85 percent of final sales. Most of its output was kerosene , of which 55 percent was exported around the world. After 1900 it did not try to force competitors out of business by selling at a loss. The federal Commissioner of Corporations studied Standard's operations from
4761-434: Was the year when the antitrust case was filed against Standard. Standard's market share was 64 percent by 1911 when Standard was ordered broken up. At least 147 refining companies were competing with Standard including Gulf, Texaco, and Shell. It did not try to monopolize the exploration and extraction of oil (its share in 1911 was 11 percent). In 1909, the U.S. Justice Department sued Standard under federal antitrust law,
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