John D. Rockefeller：Random Reminiscences of Men and Events, Additional Excerpt 129

To operate pipe-lines required franchises from the states in which they were located--and consequently corporations in those states--just as railroads running through different states are forced to operate under separate state charters. To perfect the pipe-line system of transportation required many millions of capital. The entire oil business is dependent upon the pipe-line. Without it every well would be less valuable and every market at home and abroad would be more difficult to serve or retain, because of the additional cost to the consumer. The expansion of the whole industry would have been retarded without this method of transportation.

Source： https://www.gutenberg.org/ebooks/17090
Locator：Additional excerpt 129 · Verified：2026-10-19 · Verification：Short excerpt

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