John D. Rockefeller：Random Reminiscences of Men and Events, Additional Excerpt 132

The cause leading to the formation of this firm was the desire to unite our skill and capital in order to carry on a business of greater magnitude with economy and efficiency in place of the smaller business that each had heretofore conducted separately. As time went on and the possibilities became apparent, we found further capital to be necessary; then we interested others and organized the Standard Oil Company, with a capital of $1,000,000. Later we saw that more money could be utilized, found persons who were willing to invest with us, and increased our capital to $2,500,000, in 1872, and afterward in 1874 to $3,500,000. As the business grew, and markets were obtained at home and abroad, more persons and capital were added to the business, and new corporate agencies were obtained or organized, the object being always the same--to extend our operations by furnishing the best and cheapest products.

Source： https://www.gutenberg.org/ebooks/17090
Locator：Additional excerpt 132 · Verified：2026-10-19 · Verification：Short excerpt

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