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
G. W. McClintock, in February of 1864, sold his two-hundred-acre farm,
on the west side of Oil Creek, midway between Titusville and Oil City,
to the Central Petroleum Company of New York, organized by Frederic
Prentice and George H. Bissell. This notable farm embraced the site of
Petroleum Centre and Wild-Cat Hollow, a circular ravine three-fourths of
a mile long, in which two-hundred paying wells were drilled. Brown,
Catlin & Co.’s medium well, finished in August of 1861, was the first on
the McClintock tract. The company bored a multitude of wells and granted
leases only to actual operators, for one-half royalty and a large bonus.
For ten one-acre leases one-hundred-thousand dollars cash and one-half
the oil, offered by a New-York firm in 1865, were refused. The
McClintock well, drilled in 1862, figured in the thousand-barrel class.
The Coldwater, Meyer, Clark, Anderson, Fox, Swamp-Angel and Bluff wells
made splendid records. Altogether the Central Petroleum-Company and the
corps of lessees harvested at least five-millions of dollars from the
McClintock farm!
[Illustration]
RYND FARM “KING OF THE HILLS”
PETROLEUM CENTRE-1894-
BOYD FARM-1864
STORY FARM.
Aladdin’s lamp was a miserly glim in the light of fortunes accruing from
petroleum. The product of a flowing-well in a year would buy a tract of
gold-territory in California or Australia larger than the oil-producing
regions. Millions of dollars changed hands every week. The Central
Company staked off a half-dozen streets and leased building-lots at
exorbitant figures. Board-dwellings, offices, hotels, saloons and wells
mingled promiscuously. It mattered nothing that discomfort was the rule.
Poor fare, worse beds and the worst liquors were tolerated by the hordes
of people who flocked to the land of derricks. Edward Fox, a railroad
contractor who “struck the town” with eighty-thousand dollars,
felicitously baptised the bantling Petroleum Centre. The owners of the
ground opposed a borough-organization and the town traveled at a
headlong go-as-you-please. Sharpers and prostitutes flourished, with no
fear of human or divine law, in the metropolis of rum and debauchery.
Dance-houses, beside which “Billy” McGlory’s Armory-Hall and “The.”
Allen’s Mabille in New York were Sunday-school models, nightly counted
their revelers by hundreds. In one of these dens Gus Reil, the
proprietor, killed poor young Tait, of Rouseville. Fast women and faster
men caroused and gambled, cursed and smoked, “burning the candle at both
ends” in pursuit of—pleasure! Frequently the orgies eclipsed Monte
Carlo—minus some of the glitter—and the Latin Quartier combined. Some
readers may recall the night two “dead game sports” tossed dice twelve
hours for one-thousand dollars a throw! But there was a rich leaven of
first-class fellows. Kindred spirits, like “Sam” Woods, Frank Ripley,
Edward Fox and Col.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account