10 November, 2011

Dishonest yet successful

John D. Rockefeller: A Character Study Part I.: They were a persuasive body — those South Improvement advocates, and they had great arguments. "Sign these contracts, and we shall control the business, then you will have but one party to deal with. Think of the ease in handling your freight? Sign these contracts and we will divide the trade, thus saving you the wear and tear of securing your quota—preventing rate wars. Think of the profits!" And the contracts were signed — secretly of course. And when they were signed what did Mr. Rockefeller do? He swooped down on a great industry in his home town with the proof that henceforth he was not only to have rates fully one hundred per cent cheaper than his competitors, but he was to have the extra one hundred per cent they paid! And he told them they had better sell — at his price; twenty-one out of twenty-six did, and by March, 1872, young Mr. Rockefeller was practically the only oil refiner in Cleveland, Ohio, where three months before there had been twenty-six.