Career · Entrepreneur memoirs

Orison Swett Marden:Pushing to the Front, Excerpt 27

Orison Swett Marden《Pushing to the Front》· Pushing to the Front · Leadership

John D. Rockefeller saw his opportunity in petroleum. He could see a large population in this country with very poor lights. Petroleum was plentiful, but the refining process was so crude that the product was inferior, and not wholly safe. Here was Rockefeller's chance. Taking into partnership Samuel Andrews, the porter in a machine shop where both men had worked, he started a single barrel "still" in 1870, using an improved process discovered by his partner. They made a superior grade of oil and prospered rapidly. They admitted a third partner, Mr. Flagler, but Andrews soon became dissatisfied. "What will you take for your interest?" asked Rockefeller. Andrews wrote carelessly on a piece of paper, "One million dollars." Within twenty-four hours Mr. Rockefeller handed him the amount, saying, "Cheaper at one million than ten." In twenty years the business of the little refinery, scarcely worth one thousand dollars for building and apparatus, had grown into the Standard Oil Trust, capitalized at ninety millions of dollars, with stock quoted at 170, giving a market value of one hundred and fifty millions.

Source: https://www.gutenberg.org/ebooks/21291
Locator:Excerpt 27 · Verified:2026-10-19 · Verification:Short excerpt

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