Rockefeller dissolves the Pittsburgh Plan
Citations (1)
- Titan: The Life of John D. Rockefeller, Sr. whole source · open book
red the business expressly to blackmail him into buying them out. In the end, frustrated by rampant cheating and freeloaders, Rockefeller gathered refiners in Saratoga Springs, New York, on June 24, 1873, and dissolved the short-lived Pittsburgh Plan. He was momentarily disheartened by this failure, which again confirmed his preference for outright fusion rather than an unwieldy federation of firms.
chapter: CHAPTER 9 - The New Monarch