Jus. D. Rockefeller, Jr., Industrial Conf., 10719
Summary
Title from unverified data provided by the National Photo Company on the negatives or negative sleeves.
Attended industrial conference in Washington, D.C.
Gift; Herbert A. French; 1947.
General information about the National Photo Company collection is available at http://hdl.loc.gov/loc.pnp/pp.npco
This glass negative might show streaks and other blemishes resulting from a natural deterioration in the original coatings.
Temp. note: Batch one.
During the administrations of Presidents Wilson, Harding, Coolidge, and Hoover, the National Photo Company supplied photographs of current news events in Washington, D.C., as a daily service to its subscribers. It also prepared sets of pictures on popular subjects and undertook special photographic assignments for local businesses and government agencies. The bulk of the images were created between 1909 and 1932. The photographic files of the National Photo Company, including an estimated 80,000 images (photographic prints and corresponding glass negatives), were acquired by the Library from its proprietor Herbert E. French in 1947.
In 1862, John D. Rockefeller, a resident of Cleveland Ohio, joined with two partners to establish an oil-refining company. The men purchased oil wells in Titusville, Pennsylvania, and constructed a well near Cleveland. In 1865, Rockefeller bought out one of the partners' interest in the company, creating Rockefeller & Andrews Oil Company. In this year alone, the business earned approximately 200,000 dollars. While Rockefeller reaped extensive wealth in 1865, the oil industry was just beginning to grow. Most people only used oil for lighting. The market was limited. Prices fluctuated dramatically, as oil production waxed and waned during this period. To try and stabilize oil prices Rockefeller and Samuel Andrews, his partner, approached O.H. Payne, owner of the largest oil refinery in Cleveland. They proposed that the three men unite their companies together. By having a single oil company operating in northeastern Ohio, this company could hopefully fix prices and avoid the tremendous swings as production sometimes increased or dwindled. The company organizers convinced numerous other Cleveland firms to join with them. In other cases, they bought out the companies or drove them out of business by selling their oil for a much cheaper price than their competitors could. In 1870, Rockefeller united these companies together as the Standard Oil Company.
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