John Dustin Archbold

John Dustin Archbold

John Dustin Archbold (July 26, 1848 in Leesburg, Ohio – December 6, 1916 in Tarrytown, New York) was an American capitalist and one of the United States' earliest oil refiners. His small oil company was bought out by John D Rockefeller's Standard Oil Company. Archbold rose rapidly at Standard Oil, handling many of the complex secret negotiations over the years. By 1882 he was Rockefeller's closest associate, and typically acted as the company's primary spokesman. Rockefeller after 1896 left business matters to Archbold while he pursued his philanthropy; as vice president Archbold effectively ran Standard Oil until his death in 1916. Inspired by Rockefeller's policies, Archbold's main goals were stabilization, efficiency, and minimizing waste in refining and distributing petroleum products. The company was broken up by the Supreme Court in 1911 into three dozen smaller operations, Archbold became president of the largest one, Standard Oil of New Jersey.

Personal life

Archbold was born to Methodist minister Reverend Israel Archbold and Frances Foster Dana (Archbold) in Leesburg, Ohio. After being educated in public schools, he moved to Pennsylvania by 1864.[1]

On February 20, 1870 Archbold married Annie Eliza Mills, "daughter of Samuel Myers Mills of Titusville and Lavinia Jenkins."[2] The couple had four children:

In 1885, Archbold purchased a large mansion in Tarrytown, New York. The estate, called Cedar Cliff, was located at 279 S. Broadway just across from the Carmelite Transfiguration Church.[4]

Professional life

John Dustin Archbold

Standard Oil Company

In 1864 Archbold went to the north-west Pennsylvania oil fields and spent 11 years in the oil industry there. When John D. Rockefeller's Standard Oil Company began buying up refiners in this oil-rich region, many independent refiners felt squeezed out, and Archbold was among Standard's harshest and loudest critics. In 1885 after becoming skeptical of reports of oil discoveries in Oklahoma, he sold-out at a loss, saying “I’ll drink every gallon produced west of the Mississippi!”[5]

Archbold was subsequently recruited by Rockefeller to Standard Oil, where he became a director and served as its vice-president and president until its dissolution in 1911. In 1911-1916 Archbold was president of the Standard Oil Company of New Jersey.[6]

Archbold Stadium, Syracuse University

Syracuse University

In 1886 Archbold became a member of the board of trustees of Syracuse University, and was the board’s president from 1893 until his death in 1916. From 1893 to 1914, he contributed nearly $6,000,000 for eight buildings, including the full cost of Archbold Stadium (opened 1907, demolished 1978; the Carrier Dome was built on this site), Sims Hall (men's dormitory, 1907), Archbold Gymnasium (1908, nearly destroyed by fire in 1947, but still in use), and the oval athletic field.

1912 political cartoon (Thomas E. Powers, US Library of Congress)

Theodore Roosevelt scandal

Archbold was involved in a scandalous affair involving monetary gifts to the Republican Party. In 1912 he was called to testify before a committee which was investigating political contributions made by the Standard Oil Company to the campaign funds of political parties. He claimed that President Theodore Roosevelt was aware of the $125,000 contribution made by Standard Oil Company to the 1904 campaign fund of the Republican Party, but President Roosevelt produced letters written by him which directed his campaign managers to return such monetary contributions if they were offered.

Assassination attempt

In 1915 an attempt was made by anarchists and Industrial Workers of the World radicals to assassinate Archbold at Cedar Cliff by planting a large dynamite bomb at the entrance to the estate.[7][8] The bomb, which failed to go off, was discovered by Archbold's gardener. Police suspected that the attempted bombing was precipitated by the execution by firing squad of 'Joe Hill', alias Joseph Hillstrom in Salt Lake City, Utah the day before. Joe Hill was an IWW member, songwriter and labor organizer who had been convicted of murder.[9]

The Archbold Mausoleum, Sleepy Hollow Cemetery, New York

Death

Main Entrance, Hall of Languages, Syracuse University

Archbold died of complications from appendicitis in Tarrytown, New York on December 6, 1916.[8][10] He is buried in Sleepy Hollow Cemetery in Sleepy Hollow, New York.

Legacy

See also

References

Notes

  1. 1 2 The Archbold Collection, Edinboro University of Pennsylvania. Accessed: March 9, 2014.
  2. ↑ Dwight, Benjamin W. (1874). The History of the Descendents of John Dwight, of Dedham, Massachusetts, Vol. 2. J.F. Trow & Son, p. 662.
  3. 1 2 John D. Archbold Papers, Clemson University. Accessed: March 9, 2014.
  4. ↑ Steiner, Henry, The Other Oil Tycoon, River Journal Online, retrieved 20 July 2011: Cedar Cliff was demolished in 1980, and is now a condominium development known as The Quay; the old stone pillars marking the entrance to the estate are still visible.
  5. ↑ https://www.masterresource.org/epstein-alex/the-real-history-of-the-standard-oil-company-part-iv-pioneering-in-big-business/
  6. ↑ "Archbold, John D. (John Dustin), 1848-1916," Library of Congress Name Authority File. Accessed: March 9, 2014.
  7. ↑ "DYNAMITE BOMB FOR J.D. ARCHBOLD; Four One-Pound Sticks Found Hidden in Roadway of His Tarrytown Estate. PERCUSSION CAPS ATTACHED. Explosive Was So Placed That Auto Wheel Would Have Fired It. POLICE SUSPECT THE I.W.W. Believe Attempt to Kill Standard Oil President Was Protest Against Hillstrom Execution.". New York Times. November 22, 1915. Retrieved 2011-02-27.
  8. 1 2 Steiner, Henry, The Other Oil Tycoon, River Journal Online, retrieved 20 July 2011
  9. ↑ DYNAMITE BOMB FOR J.D. ARCHBOLD, The New York Times, 22 November 1915
  10. ↑ "J. D. ARCHBOLD DIES; MOURNED BY MANY; Office Boys and Elevator Men Join in Regret with John D. Rockefeller. NEVER KNOWN TO BE ANGRY. Left Office Whistling Two Week Ago for Operation. Fortune Estimated at $100,000,000". New York Times. December 6, 1916. Retrieved 2011-02-27.
  11. ↑ Greene, John Robert. (2000). The Hill: An Illustrated Biography of Syracuse University, 1870-present. Syracuse University Press. Accessed: March 9, 2014.
  12. ↑ "Our History," Archbold Medical Center. Accessed: March 9, 2014.
  13. ↑ John Dana Archbold Theater, Syracuse University buildings. Accessed: March 9, 2014.

Further reading

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