Message: #279296
Ольга Княгиня » 15 Dec 2017, 20:53
Keymaster

How I made $500,000,000. Memoirs of a billionaire. John Davison Rockefeller

this dark page of modern American history, but he either does not write them, or, having already written them, is not yet about to publish them.
- Is Rockefeller really that rich? I hear the voice of doubt and distrust.
The press claims that his interest in the Standard Oil Company, with a capital stock of $100,000,000, is at least 50%, if not more. Let's take $50,000,000 for a round bill. It can be seen from the company's balance sheets that the stock of the Standard Oil Company brings in an average of $80,000,000 a year. Let us now take into account that such a huge capital must be placed very solidly in order to achieve a five percent profit. Then the exchange value of the capital of the Standard Oil Company will be 16 times greater, i.e. 1,600,000,000 dollars, and therefore Rockefeller's share in it will be expressed as 50%, in other words, 800,000,000 dollars - 1,600,000,000 rubles.
And if we also add the amount of his shares (quite significant!) In the United States Steel Corporation - S.-American trust steel production - then we will certainly get a total of $ 1,000,000,000 - 2,000,000,000 rubles, - an approximate exchange the value of his vast fortune.
Let us now see whether the commercial activities of the Standard Oil Company are useful to the S. American States. From the reports from 1880 to the present, which were published in The Petroleum Rewiew, we will see that her trade in oil and petroleum products alone brought America a net income of $ 1,700,000,000 - 3,400,000,000 rubles, then there are more than 110,000,000 rubles a year, the average bill is more than 300,000 rubles a day.
And how great is the number of her employees in all parts of the world, and how magnificently, purely royally, she rewards and provides for them! Assuming that the Standard Oil Company alone feeds the population of an entire provincial town of 60,000 to 75,000 people, we may perhaps halve or more the actual number of its workers and employees.
In the last, for example, in the operating year of 1903, the company's net income reached 80,000,000 dollars, of which only 39,335,320 dollars were paid out to shareholders, and the remaining 40,664,680 were added to reserve capital. This figure of $80,000,000 has been an average for many years, and the highest figure net profit falls only in 1907, the year of the struggle with Roosevelt, when the company had to pay 85,000,000. From 1902 to 1908, the company received a net profit of $553,202,074, of which $294,258,980 was given out as a dividend, and the rest was added to reserve capital. It turns out that over the past six years the company has made more than five and a half times as much as its fixed capital.

Let us recall in its main features the history of the struggle against Roosevelt.
The reasons for it were the unlawfully lowered railway tariff rates for the company. Back in 1906, Roosevelt, an open enemy of the syndicates and the then all-powerful President of the United States, intervened in this matter and brought the case to court, which sentenced the Standard Oil Company to a fine of $29,240,000.
Then Rockefeller's capital entered the scene and the latter, of course, did not personally lead the courts, seeking to waive the fine. With huge funds at its disposal, the Standard Oil Company could start a long struggle with the government itself, and God knows what fatal consequences this struggle would lead to for both sides, if the government did not finally understand the full risk of this game and did not try to extinguish this matter itself, recognizing if not the innocence of the Standard Oil Company, then at least its impunity.
So the struggle was decided in favor of the Standard Oil Company, or rather Rockefeller, its creator and founder!
Скажем в заключение, что Рокфеллер чрезвычайно скромен и очевидно из нежелания себя рекламировать, лишь мимоходом упоминает, а порою и совсем умалчивает о своих колоссальных пожертвованиях на культурно-просветительные goals. Suffice it to say that there is hardly an institution in America that has never received a large donation from the funds of the American moneybags, and two or three universities exist almost exclusively on his money.
He really is the "reasonable manager and controller" of the vast fortune made up by his labors and commercial genius!
Rich people of other nationalities should also take an example from him!
Publisher.

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