[On dishonest business methods:] ... frequently the defender of the practice falls back on the Christian doctrine of charity, and points out that we are erring mortals and must allow for each other's weaknesses! - an excuse which, if carried to its legitimate conclusion, would leave our business men weeping on one another's shoulders over human frailty, while they picked one another's pockets.
Ida TarbellRockefeller and his associates did not build the Standard Oil Co. in the board rooms of Wall Street banks. They fought their way to control by rebate and drawback, bribe and blackmail, espionage and price cutting, by ruthless efficiency of organization.
Ida TarbellSpeculation in oil stock companies was another great evil ... From the first, oil men had to contend with wild fluctuations in the price of oil. ... Such fluctuations were the natural element of the speculator, and he came early, buying in quantities and holding in storage tanks for higher prices. If enough oil was held, or if the production fell off, up went the price, only to be knocked down by the throwing of great quantities of stocks on the market.
Ida TarbellWe are a commercial people. We cannot boast of our arts, our crafts, our cultivation; our boast is in the wealth we produce. As a consequence business success is sanctified, and, practically, any methods which achieve it are justified by a larger and larger class.
Ida TarbellBuy cheap and sell high is a rule of business, and when you control enough money and enough banks you can always manage that a stock you want shall be temporarily cheap. No value is destroyed for you - only for the original owner.
Ida TarbellI have never had illusions about the value of my individual contribution! I realized early that what a man or a woman does is built on what those who have gone before have done, that its real value depends on making the matter in hand a little clearer, a little sounder for those who come after. Nobody begins or ends anything. Each person is a link, weak or strong, in an endless chain. One of our gravest mistakes is persuading ourselves that nobody has passed this way before.
Ida Tarbell