Although yet quite a young man, John D. Rockefeller occupies in our business circles a position second to but few. He began life with few advantages, save that of honesty of purpose and unflinching morality, and a determination to succeed, if unremitting effort would secure that end. He, in connection with M. B. Clark, commenced the produce and commission business on the dock, with a small capital saved from earnings. For a time their profits were exceedingly small, but the firm soon gained the confidence of our citizens and bankers, and at the end of the first year they had done business to the amount of $450,000. Each successive year added to their business, and in the fourth, it amounted to something like $1,200,000, the average being, perhaps, about $700,000. In the Spring of 1863, Mr. Rockefeller engaged in the oil refining business, commencing with a capacity of forty-five barrels of crude oil per day, and gradually increased it until 1865, when the capacity of his works was a hundred and fifty barrels per day. At this time he sold his interest in the commission business, and devoted his whole attention to the oil refining. Every year witnessed an enlargement of his works, and for the last three years it is believed that his has been the largest of its kind in the world, the present capacity being twenty-five hundred barrels of crude oil per day. The growth of the business, dating back to 1865, was such that it became necessary to establish a house in New York for the disposition of their oil, where they now have warehouses of their own, and sell and take care of their property. The effect of such works as those of Mr. Rockefeller in the city may be imagined when we say that there are about one hundred men regularly employed in them, besides a force of some fifteen or twenty teams and teamsters. To these must be added from seven hundred to eight hundred men around the city employed in making barrels for the oil, and from $20,000 to $25,000 per year expended among plumbers and various other mechanics for repairs. The enlargements of their works this year will cost near $40,000. Mr. Rockefeller never retrogrades; he has always advanced from the commencement. Close application to one kind of business, an avoidance of all positions of an honorary character that cost time, and strict business habits, have resulted in the success, the fruits of which he now enjoys. He has worked himself, and kept everything pertaining to his business in so methodical a manner that he knows every night how he stands with the world. He was drilled to strict economy as an accountant during hard times, before his own business history, and he has rigidly adhered to the principles then learnt. He has frequently been so situated as to choose between his own judgment and that of older heads, and where he has followed his own opinions in opposition to others of more experience he has seen no reason to regret his choice. The result of his course has been, that, though still young, he stands at the head of one of the most extensive business establishments in the city, and is possessed of wealth sufficient to secure a comfortable maintainance, and a provision against the ordinary mishaps of business. Mr. Rockefeller is a valued member of the Second Baptist church having long been a sincere believer in the faith and practice of the Baptist church. [Illustration: Fraternally Yours, Peter Thatcher] |