Sketches in Crude-oil: Some accidents and incidents of the petroleum development in all parts of the globeMcLaurin, John J. (John James)
History
Sketches in Crude-oil: Some accidents and incidents of the petroleum development in all parts of the globe
McLaurin, John J. (John James)
Petroleum -- History; Petroleum industry and trade -- North America -- History
Dr. Francis B. Brewer was born in New Hampshire, studied medicine in
Philadelphia and practiced in Vermont. His father in 1840 purchased
several thousand acres of land on Oil Creek for lumbering, and the firm
of Brewer, Watson & Co. was promptly organized. Oil from the “spring” on
the island at the mouth of Pine Creek was sent to the young physician in
1848 and used in his practice. He visited the locality in 1850 and was
admitted to the firm. Upon the completion of the Drake well he devoted
his time to the extensive oil-operations of the partnership for four
years. In 1864 Brewer, Watson & Co. sold the bulk of their oil-territory
and the doctor, who had settled at Westfield, Chautauqua county, N. Y.,
instituted the First National Bank, of which he was chosen president. A
man of solid worth and solid wealth, he has served as a Member of
Assembly and is deservedly respected for integrity and benevolence.
Jonathan Watson, whose connection with petroleum goes back to the
beginning of developments, arrived at Titusville in 1845 to manage the
lumbering and mercantile business of his firm. The hamlet contained ten
families and three stores. Deer and wild-turkeys abounded in the woods,
John Robinson was postmaster and Rev. George O. Hampson the only
minister. Mr. Watson’s views of petroleum were of the broadest and his
transactions the boldest. He hastened to secure lands when oil appeared
in the Drake well. At eight o’clock on that historic Monday morning he
stood at Hamilton McClintock’s door, resolved to buy or lease his
three-hundred-acre farm. A lease was taken and others along the stream
followed during the day. Brewer, Watson & Co. operated on a wholesale
scale until 1864, after which Watson continued alone. Riches poured upon
him. He erected the finest residence in Titusville, lavished money on
the grounds and stocked a fifty-thousand dollar conservatory with
choicest plants and flowers. A million dollars in gold he is credited
with “putting by for a rainy day.” He went miles ahead, bought huge
blocks of land and drilled scores of test-wells. In this way he barely
missed opening the Bradford field and the Bullion district years before
these productive sections were brought into line. His well on the
Dalzell farm, Petroleum Centre, in 1869, renewed interest in that
quarter long after it was supposed to be sucked dry. An Oil-City
clairvoyant indicated the spot to sink the hole, promising a
three-hundred-barrel strike. Crude was six dollars a barrel and Watson
readily proffered the woman the first day’s production for her services.
A check for two-thousand dollars was her reward, as the well yielded
three-hundred-and-thirty-three barrels the first twenty-four hours. Mrs.
Watson was an ardent medium and her husband humored her by consulting
the “spirits” occasionally. She became a lecturer and removed to
California long since. The tide of Watson’s prosperity ebbed. Bad
investments and dry-holes ate into his splendid fortune. The
Public-domain text, read in full here on John Shaqi.
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