1848 - 1916
John Dustin Archbold American Philanthropist
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John Dustin Archbold is a member of the following lists: New York Republicans, American philanthropists and American academics.
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Details
| First Name |
John
|
| Middle Name |
Dustin
|
| Last Name |
Archbold
|
| Birthday |
26th July, 1848
|
| Birthplace |
Leesburg, Ohio
|
| Died |
6th December, 1916
|
| Place of Death |
Tarrytown, New York
|
| Zodiac Sign |
Leo
|
| Nationality |
American
|
| Occupation Text |
Oil industry executive
|
| Occupation |
Philanthropist
|
John Dustin Archbold (July 26, 1848 in Leesburg, Ohio – December 6, 1916 in Tarrytown, New York) 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. 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.
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