Word: gist
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Dates: during 1900-1909
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...essay on "The Rise of the Oil Monopoly," G. H. Montague '01 traces at length the reasons and conditions of the great growth of the Standard Oil Trust. The gist of his exposition may be given by quotations from the concluding pages of his essay. The Standard Oil Company, he says, raised itself to the dominant position by controlling the transportation of oil. The steps of its progress are clear. In the period from 1870 till 1874 it so availed itself of railway conditions and of its strategic situation that it secured considerable discriminations from the railroads which touched...
...World." His business ability, which is somewhat lost sight of among the greater traits of his character, was shown in the clearest light in his work for the financial success of the magazine. His editorial writing was brilliant and of lasting value, and in his articles he presented the gist of the religious thought of the times...