In the oil tank town of Whiting, Indiana, a high-stakes showdown is brewing. Next Thursday, John D. Rockefeller Jr. and Col. Robert W. Stewart will engage in a proxy battle for control of the billion-dollar Standard Oil Co. of Indiana. This clash of titans promises to be a spectacle unlike any other in the history of big business.
The scene will be more like that of a national convention, with shareholders gathering to decide who will rule their investment destinies for the next year. But don’t expect any impassioned speeches or charismatic leaders. This will be a battle of wealth and influence, with billions of dollars hanging in the balance.
Matthew Arnold once wrote, ‘Our inequality materializes our upper class, vulgarizes our middle class, and brutalizes our lower class.’ This quote seems particularly apt as we consider the power struggle unfolding in Whiting. The wealthy elite are about to engage in a fight for control, with the common worker likely to be left in the shadows.
As the shareholders of Standard Oil Co. of Indiana gather next Thursday, they will be witness to a spectacle that is more like a national political convention than a sedate meeting of a group of shareholders. The absence of bands, banners, and spellbinders will be the only thing that keeps this meeting from feeling like a presidential election.
But make no mistake, this is a battle for power and control, with the stakes higher than ever before. John D. Rockefeller Jr. and Col. Robert W. Stewart will stop at nothing to emerge victorious, and the outcome will have far-reaching consequences for the people of Whiting and beyond.
The scene is set for a clash of the titans, and only time will tell who will emerge victorious. But one thing is certain: the battle for control of Standard Oil Co. of Indiana will be a fight for the ages.
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Key Facts
- State: Indiana
- Category: Fraud & Financial Crimes
- Era: Historical
- Source: Library of Congress — Chronicling America ↗
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