John D. Rockefeller：Random Reminiscences of Men and Events, Additional Excerpt 93

To give a true picture of the early conditions, one must realize that the oil industry was considered a most hazardous undertaking, not altogether unlike the speculative mining undertakings we hear so much of to-day. I well remember my old and distinguished friend, Rev. Thomas W. Armitage, for some forty years pastor of a great New York church, warning me that it was worse than folly to extend our plants and our operations. He was sure we were running unwarranted risks, that our oil supply would probably fail, the demand would decline, and he, with many others, sometimes I thought almost everybody, prophesied ruin.

Source： https://www.gutenberg.org/ebooks/17090
Locator：Additional excerpt 93 · Verified：2026-10-19 · Verification：Short excerpt

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