John D. Rockefeller：Random Reminiscences of Men and Events, Excerpt 74

In 1865 the partnership was dissolved; it was decided that the cash assets should be collected and the debts paid, but this left the plant and the good-will to be disposed of. It was suggested that they should go to the highest bidder among ourselves. This seemed a just settlement to me, and the question came up as to when the sale should be held and who would conduct it. My partners had a lawyer in the room to represent them, though I had not considered having a legal representative; I thought I could take care of so simple a transaction. The lawyer acted as the auctioneer, and it was suggested that we should go on with the sale then and there. All agreed, and so the auction began.

Source： https://www.gutenberg.org/ebooks/17090
Locator：Chapter IV, excerpt 74 · Verified：2026-10-19 · Verification：Short excerpt

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