John Dustin Archbold was an American businessman 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. When the company was broken up by the Supreme Court in 1911 into 34 smaller operations, Archbold became president of the largest one, Standard Oil of New Jersey.
John Dustin Archbold
Share of the Standard Oil Trust, issued 5 April 1882, made out to John Dustin Archbold
Archbold Stadium, Syracuse University
1912 political cartoon (Thomas E. Powers, US Library of Congress)
John Davison Rockefeller Sr. was an American business magnate and philanthropist. He was one of the wealthiest Americans of all time and one of the richest people in modern history. Rockefeller was born into a large family in Upstate New York who moved several times before eventually settling in Cleveland, Ohio. He became an assistant bookkeeper at age 16 and went into several business partnerships beginning at age 20, concentrating his business on oil refining. Rockefeller founded the Standard Oil Company in 1870. He ran it until 1897 and remained its largest shareholder. In his retirement, he focused his energy and wealth on philanthropy, especially regarding education, medicine, higher education, and modernizing the American South.
Rockefeller in 1895
Rockefeller's birthplace in Richford, New York
Rockefeller at age 18
Rockefeller in 1875. By then, he shaved off his sideburns, leaving his iconic mustache.