Little time for identifying growth sectors

Great Eagle is dead! "In the month of August, 1950, the news is spreading like wildfire in tribes tree, in the heart of the former Indian territories of Oklahoma. "Great Eagle": that is the name that the American natives gave to Frank Phillips, one of the few whites to have been adopted by an Indian tribe. The tree has good reason to honour: thanks to him, they were collecting tens of millions of dollars in royalties on oil. Oil is their territory and on which "Grand Aigle" has built one of the largest petroleum groups of the United States...

Frank Phillips story illustrates the emergence of the large independent oil companies, made possible by the dismantling of the Standard Oil of Rockefeller at the beginning of the century. It reflects also the displacement of the centre of gravity of the US oil industry in Pennsylvania and Texas to new deposits in the West. It is performed, finally, on a background of changes very quick of American society, marked by the rise of the automobile and aviation. With Frank Phillips, it is in fact a new era in the history of the oil that opens: that of diesel.

A forest of derricks

The hair to the Bank and the Bank to oil... nothing intended Frank Phillips to become a "baron" of the black gold. Born in 1873, the son of a farmer in Iowa, he left school at fourteen. The greater West, Buffalo Bill, Cowboys: that's haunting dreams of the young boy. In fact the greater West, Frank Phillips is a place of an apprentice hairdresser in a small town in Iowa. The beginning of a vocation that the future oil tycoon reniera never. It must be said that, in the United States at the time, the hair salon is a veritable institution. As the saloon, it is the place of all meetings. It shows moving from the colourful characters: gold, street vendors, bonus hunters... In this universe which he always regretted the disappearance, Frank Phillips immediately finds its place. In 1891, answering the call of the coast, he went to Colorado and opened her own salon in Aspen, a booming town in the heart of a region rich in silver mines. Business to thrive. Up to this day of 1893 where the adoption by the Federal Government of the monométallisme gold leads to the closure of most of the farms. Without clients, Frank Phillips has choice to return to Iowa.

It was then that business virus enters. Located at Creston, he buys time two hairdressing salons and embarked on the manufacture of cosmetic products. A bit of cream, some scents, lots of rainwater in its salons these perfectly ineffective decoctions snapped up like hotcakes, providing fortune and consideration. At Creston, a man, more particularly, does not hide his admiration for the young entrepreneur: John Gibson. It is the principal banker of the city, a wise businessman who took interests in all industries in the region. It is also the father of a girl of eighteen, Jane. Become a familiar of the Gibson, Frank Phillips was soon to fall in love with the beautiful. For the greatest joy of John Gibson, who agrees to unite the two young people. A condition: Frank abandons the hairdresser to work at his side.

In 1898, so Frank Phillips married with the best party of the city and became, by the grace of his father-in-law, business banker. It is hardly time to learn the intricacies of finance. Little time for identifying growth sectors. Among them, there are of course oil, activity in full swing since the discovery of the fields in Pennsylvania and Texas. In 1903, crossing the industrial exhibition of Saint Louis, Frank Phillips hears deposits in Bartlesville. Located in the heart of the Indian territories of Oklahoma, they were discovered a few years earlier. A St. Louis, he was also struck by the large number of cars circulating in the streets. Another reason, in his eyes, to embark on the adventure of the black gold. "In a few years, all Americans will have a car and need diesel fuel to roll.". We must invest in the oil! ", he explains to his father-in-law on his return from the exhibition. Despite his initial reluctance both businessmen are there are ruined! , John Gibson was persuaded to make a concession in Bartlesville. To help him on the spot, Frank Phillips appealed to his brother Lee Eldas, a former Professor reconverted in insurance. The two men be more separated...

In the beginning of the 20th century, Bartlesville "the dirtiest city in the West", as were dubbed the is hirsuta derricks forest. Most belong to very small companies pay royalties on each barrel to Indians. Installed in the city with their family, the Phillips brothers are quickly needed as the first producers in the region. Not only because only they have the means of the Gibson Bank, but also because Frank Phillips was careful to rely upon his arrival in Bartlesville, its own bank, specializing in the financing of oil and gas operations. It allows him to escape quickly from the tutelage of John Gibson and found with his brother a new company: the Lewcinda Oil & Gas Company. It also enables it to take control, as early as 1905, most of the independents in the region. The following year, Frank Phillips implements on the territory of Indian tree, them also rich in oil. As in Bartlesville, he is pursuing a policy of systematic takeover of its competitors. A policy that it applies also to its banking activities, supervised by Lee Eldas. At the beginning of the 1910s, the Bartlesville National Bank took over all institutions in the region and became the first Bank of Oklahoma.

Family, poker and bad whisky

The oil industry, but also banker: this is the profile of Frank Phillips, who refuses to choose between these two activities. He will not do that in 1917, when the entry into the war of the United States will cause a phenomenal demand for oil development. Priority will be then given to oil on banking activities, which would however never relief. Most of all, in fact, Frank Phillips sees himself as a man who

Great Eagle is dead! "In the month of August, 1950, the news is spreading like wildfire in tribes tree, in the heart of the former Indian territories of Oklahoma. "Great Eagle": that is the name that the American natives gave to Frank Phillips, one of the few whites to have been adopted by an Indian tribe. The tree has good reason to honour: thanks to him, they were collecting tens of millions of dollars in royalties on oil. Oil is their territory and on which "Grand Aigle" has built one of the largest petroleum groups of the United States...

Frank Phillips story illustrates the emergence of the large independent oil companies, made possible by the dismantling of the Standard Oil of Rockefeller at the beginning of the century. It reflects also the displacement of the centre of gravity of the US oil industry in Pennsylvania and Texas to new deposits in the West. It is performed, finally, on a background of changes very quick of American society, marked by the rise of the automobile and aviation. With Frank Phillips, it is in fact a new era in the history of the oil that opens: that of diesel.

A forest of derricks

The hair to the Bank and the Bank to oil... nothing intended Frank Phillips to become a "baron" of the black gold. Born in 1873, the son of a farmer in Iowa, he left school at fourteen. The greater West, Buffalo Bill, Cowboys: that's haunting dreams of the young boy. In fact the greater West, Frank Phillips is a place of an apprentice hairdresser in a small town in Iowa. The beginning of a vocation that the future oil tycoon reniera never. It must be said that, in the United States at the time, the hair salon is a veritable institution. As the saloon, it is the place of all meetings. It shows moving from the colourful characters: gold, street vendors, bonus hunters... In this universe which he always regretted the disappearance, Frank Phillips immediately finds its place. In 1891, answering the call of the coast, he went to Colorado and opened her own salon in Aspen, a booming town in the heart of a region rich in silver mines. Business to thrive. Up to this day of 1893 where the adoption by the Federal Government of the monométallisme gold leads to the closure of most of the farms. Without clients, Frank Phillips has choice to return to Iowa.

It was then that business virus enters. Located at Creston, he buys time two hairdressing salons and embarked on the manufacture of cosmetic products. A bit of cream, some scents, lots of rainwater in its salons these perfectly ineffective decoctions snapped up like hotcakes, providing fortune and consideration. At Creston, a man, more particularly, does not hide his admiration for the young entrepreneur: John Gibson. It is the principal banker of the city, a wise businessman who took interests in all industries in the region. It is also the father of a girl of eighteen, Jane. Become a familiar of the Gibson, Frank Phillips was soon to fall in love with the beautiful. For the greatest joy of John Gibson, who agrees to unite the two young people. A condition: Frank abandons the hairdresser to work at his side.

In 1898, so Frank Phillips married with the best party of the city and became, by the grace of his father-in-law, business banker. It is hardly time to learn the intricacies of finance. Little time for identifying growth sectors. Among them, there are of course oil, activity in full swing since the discovery of the fields in Pennsylvania and Texas. In 1903, crossing the industrial exhibition of Saint Louis, Frank Phillips hears deposits in Bartlesville. Located in the heart of the Indian territories of Oklahoma, they were discovered a few years earlier. A St. Louis, he was also struck by the large number of cars circulating in the streets. Another reason, in his eyes, to embark on the adventure of the black gold. "In a few years, all Americans will have a car and need diesel fuel to roll.". We must invest in the oil! ", he explains to his father-in-law on his return from the exhibition. Despite his initial reluctance both businessmen are there are ruined! , John Gibson was persuaded to make a concession in Bartlesville. To help him on the spot, Frank Phillips appealed to his brother Lee Eldas, a former Professor reconverted in insurance. The two men be more separated...

In the beginning of the 20th century, Bartlesville "the dirtiest city in the West", as were dubbed the is hirsuta derricks forest. Most belong to very small companies pay royalties on each barrel to Indians. Installed in the city with their family, the Phillips brothers are quickly needed as the first producers in the region. Not only because only they have the means of the Gibson Bank, but also because Frank Phillips was careful to rely upon his arrival in Bartlesville, its own bank, specializing in the financing of oil and gas operations. It allows him to escape quickly from the tutelage of John Gibson and found with his brother a new company: the Lewcinda Oil & Gas Company. It also enables it to take control, as early as 1905, most of the independents in the region. The following year, Frank Phillips implements on the territory of Indian tree, them also rich in oil. As in Bartlesville, he is pursuing a policy of systematic takeover of its competitors. A policy that it applies also to its banking activities, supervised by Lee Eldas. At the beginning of the 1910s, the Bartlesville National Bank took over all institutions in the region and became the first Bank of Oklahoma.

Family, poker and bad whisky

The oil industry, but also banker: this is the profile of Frank Phillips, who refuses to choose between these two activities. He will not do that in 1917, when the entry into the war of the United States will cause a phenomenal demand for oil development. Priority will be then given to oil on banking activities, which would however never relief. Most of all, in fact, Frank Phillips sees himself as a man who