SAMUEL CALVIN TAIT DODD
Mr. Dodd became a leading figure in legal matters involving the developing oil industry. In 1872 he was elected to delegate to the Pennsylvania Constitutional Convention where he took a leading roll, including framing some of the provisions of the state constitution.
Samuel Calvin Tate Dodd was admitted to the bar in western Pennsylvania in 1859, the same year Colonel E.L. Drake brought in the first gushers in the United States. For the next decade, Dodd represented individuals and firms engaged in the infant oil industry, often in opposition to John D. Rockefeller's interests. The increasingly powerful entrepreneur recognized Dodd's talents and experience and Rockefeller put the lawyer on his payroll as general solicitor for the Standard Oil Co. Dodd remained on salary for the rest of his life, refusing to accept any stock or other equity in the companies he served. In 1882 Dodd created the Standard Oil Trust that enabled a nine-member board of trustees to coordinate the affairs of forty operating companies. A decade later, the Ohio Supreme Court ruled that the trust was illegal so Dodd developed an alternative. His ultimate configuration came in 1899: the massive Standard Oil Co. of New Jersey, a holding company that performed the same integrated managerial functions as the earlier trust. Dodd did not live to see the Sherman Antitrust Act used to dismember his final corporate creation.
Civil War - 1862-1865 Co. F, 185th reg., 22nd Cav. Rank - Sergt.
Mr. Dodd became a leading figure in legal matters involving the developing oil industry. In 1872 he was elected to delegate to the Pennsylvania Constitutional Convention where he took a leading roll, including framing some of the provisions of the state constitution.
Samuel Calvin Tate Dodd was admitted to the bar in western Pennsylvania in 1859, the same year Colonel E.L. Drake brought in the first gushers in the United States. For the next decade, Dodd represented individuals and firms engaged in the infant oil industry, often in opposition to John D. Rockefeller's interests. The increasingly powerful entrepreneur recognized Dodd's talents and experience and Rockefeller put the lawyer on his payroll as general solicitor for the Standard Oil Co. Dodd remained on salary for the rest of his life, refusing to accept any stock or other equity in the companies he served. In 1882 Dodd created the Standard Oil Trust that enabled a nine-member board of trustees to coordinate the affairs of forty operating companies. A decade later, the Ohio Supreme Court ruled that the trust was illegal so Dodd developed an alternative. His ultimate configuration came in 1899: the massive Standard Oil Co. of New Jersey, a holding company that performed the same integrated managerial functions as the earlier trust. Dodd did not live to see the Sherman Antitrust Act used to dismember his final corporate creation.
Civil War - 1862-1865 Co. F, 185th reg., 22nd Cav. Rank - Sergt.
SAMUEL CALVIN TAIT DODD
Mr. Dodd became a leading figure in legal matters involving the developing oil industry. In 1872 he was elected to delegate to the Pennsylvania Constitutional Convention where he took a leading roll, including framing some of the provisions of the state constitution.
Samuel Calvin Tate Dodd was admitted to the bar in western Pennsylvania in 1859, the same year Colonel E.L. Drake brought in the first gushers in the United States. For the next decade, Dodd represented individuals and firms engaged in the infant oil industry, often in opposition to John D. Rockefeller's interests. The increasingly powerful entrepreneur recognized Dodd's talents and experience and Rockefeller put the lawyer on his payroll as general solicitor for the Standard Oil Co. Dodd remained on salary for the rest of his life, refusing to accept any stock or other equity in the companies he served. In 1882 Dodd created the Standard Oil Trust that enabled a nine-member board of trustees to coordinate the affairs of forty operating companies. A decade later, the Ohio Supreme Court ruled that the trust was illegal so Dodd developed an alternative. His ultimate configuration came in 1899: the massive Standard Oil Co. of New Jersey, a holding company that performed the same integrated managerial functions as the earlier trust. Dodd did not live to see the Sherman Antitrust Act used to dismember his final corporate creation.
Civil War - 1862-1865 Co. F, 185th reg., 22nd Cav. Rank - Sergt.
Mr. Dodd became a leading figure in legal matters involving the developing oil industry. In 1872 he was elected to delegate to the Pennsylvania Constitutional Convention where he took a leading roll, including framing some of the provisions of the state constitution.
Samuel Calvin Tate Dodd was admitted to the bar in western Pennsylvania in 1859, the same year Colonel E.L. Drake brought in the first gushers in the United States. For the next decade, Dodd represented individuals and firms engaged in the infant oil industry, often in opposition to John D. Rockefeller's interests. The increasingly powerful entrepreneur recognized Dodd's talents and experience and Rockefeller put the lawyer on his payroll as general solicitor for the Standard Oil Co. Dodd remained on salary for the rest of his life, refusing to accept any stock or other equity in the companies he served. In 1882 Dodd created the Standard Oil Trust that enabled a nine-member board of trustees to coordinate the affairs of forty operating companies. A decade later, the Ohio Supreme Court ruled that the trust was illegal so Dodd developed an alternative. His ultimate configuration came in 1899: the massive Standard Oil Co. of New Jersey, a holding company that performed the same integrated managerial functions as the earlier trust. Dodd did not live to see the Sherman Antitrust Act used to dismember his final corporate creation.
Civil War - 1862-1865 Co. F, 185th reg., 22nd Cav. Rank - Sergt.
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