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Updated: July 7, 2025
In the bigger field he developed a daring caution, a quick understanding of the value of new inventions, a capacity for organization, quick grasp of essentials and a resourcefulness that dominated the entire Standard combination. He built his own barrels, owned the pipe-lines, tank-cars, tank-wagons and warehouses.
We are mainly indebted to Mr. S.F. Peckham, in his article on "Petroleum and its Products" in the U. S. Census Report of 1880, for the information relating to tank-cars immediately following: Originally the oil was carried in 40 and 42 gallon barrels, made of oak and hooped with iron; early in 1866, or possibly in 1865, tank-cars were introduced.
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. Then the pipe-line system required other improvements, such as tank-cars upon railroads, and finally the tank-steamer.
He is a specialist. In every town in America of more than one thousand people is a Standard Oil agency. The oil is delivered from tank-cars into iron tanks. From there it is piped into tank-wagons. This wagon comes to your door, and the gentlemanly agent sees that your little household tank is kept filled. All you have to do is to turn a faucet.
The building of the pipe-lines introduced another formidable competitor to the railroads, but as oil could be transported by pumping through pipes at a much less cost than by hauling in tank-cars in a railroad train the development of the pipe-line was inevitable. The question was simply whether the oil traffic was sufficient in volume to make the investment profitable.
It has plants for the making of barrels and tanks; and building pumps for pumping oil; it owns vessels for carrying oil, tank-cars, pipes for transporting oil, etc., etc. but it is not concerned in speculative interests. The oil business itself is speculative enough, and its successful administration requires a firm hand and a cool head.
With a slowly smouldering fire to fight, and no water to be had nearer than the tank-cars at La Guayra, the trainmaster had wrought miracles. By ten o'clock the main line was cleared, a temporary siding for a working base had been laid, and McCloskey's men were hard at work picking up what the fire had spared when Lidgerwood arrived.
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