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
Since 1877 Mr. Prentice has devoted his attention chiefly to lumbering
in West Virginia and to his brown-stone quarries at Ashland, Wisconsin.
The death of his son, Frederick A., by accidental shooting, was a sad
bereavement to the aged father. His suits to get possession of the site
of Duluth, the city of Proctor Knott’s impassioned eulogy, included in a
huge grant of land deeded to him by the Indians, were scarcely less
famous than Mrs. Gaines’s protracted litigation to recover a slice of
New Orleans. The claim involved the title to property valued at
twelve-millions of dollars. From his Ashland quarries the owner took out
a monolith, designed for the Columbian Exposition in 1893, forty yards
long and ten feet square at the base. Beside this monster stone
Cleopatra’s Needle, disintegrating in Central Park, Pompey’s Pillar and
the biggest blocks in the pyramids are Tom-Thumb pigmies. At
seventy-four Mr. Prentice, foremost in energy and enterprise, retains
much of his youthful vigor. Earnest and sincere, a master of business,
his word as good as gold, Frederic Prentice holds an honored place in
the ranks of representative oil-producers, “nobles of nature’s own
creating.”
[Illustration: CYRUS D. ANGELL.]
A native of Chautauqua county, N. Y., where he was born in 1826, Cyrus
D. Angell received a liberal education, served as School-Commissioner
and engaged in mercantile pursuits at Forestville. Forced through
treachery and the monetary stringency of the times to compromise with
his creditors, he recovered his financial standing and paid every cent
of his indebtedness, principal and interest. In 1867 he came to the
oil-regions with a loan of one-thousand dollars and purchased an
interest in property at Petroleum Centre that paid handsomely. Prior to
this, in connection with Buffalo capitalists, he had bought Belle
Island, in the Allegheny River at Scrubgrass, upon which soon after his
arrival he drilled three wells that averaged one-hundred barrels each
for two years, netting the owners over two-hundred-thousand dollars.
Operations below Franklin, in company with Frederic Prentice, also
proved highly profitable. His observations of the course of developments
along Oil Creek and the Allegheny led Mr. Angell to the conclusion that
petroleum would be found in “belts” or regular lines. He adopted the
theory that two “belts” existed, one running from Petroleum Centre to
Scrubgrass and the other from St. Petersburg through Butler county.
Satisfied of the correctness of this view, he leased or purchased all
the lands within the probable boundaries of the “belt” from Foster to
Belle Island, a distance of six miles. The result justified his
expectations, ninety per cent. of the wells yielding abundantly. With
“the belt theory,” which he followed up with equal success farther
south, Mr. Angell’s name is linked indissolubly. His researches enriched
him and were of vast benefit to the producers generally. He did much to
Public-domain text, read in full here on John Shaqi.
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