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
Brady were not hard to discover. Spades were trumps
long years ago for Woods, who has taken his last trick and sleeps in an
Ohio grave. Ripley is in Duluth, Fox is “out west” and Brady is in
Harrisburg. Captain Ray and A. D. Cotton had a bank that handled barrels
of money. For two or three years “The Centre”—called that for convenient
brevity—acted as a sort of safety-valve to blow off the surplus
wickedness of the oil-regions. Then “the handwriting on the wall”
manifested itself. Clarion and Butler speedily reduced the four-thousand
population to a mere remnant. The local paper died, houses were removed
and the giddy Centre became “a back number.” The sounds of revelry were
hushed, flickering lights no longer glared over painted harlots and the
streets were deserted. Bissell’s empty bank-building, three dwellings,
the public school, two vacant churches and the drygoods box used as a
railway-station—scarcely enough to cast a shadow—are the sole survivors
in the ploughed field that was once bustling, blooming, surging, foaming
Petroleum Centre!
Across the creek from Petroleum Centre, on the east side of the stream,
was Alexander Davidson’s farm of thirty-eight acres. A portion of this
triangular “speck on the map” consisted of a mud-flat, a smaller portion
of rising ground and the remainder set edgewise. Dr. A. G. Egbert, a
young physician who had recently hung out his shingle at Cherrytree
village, in 1860 negotiated for the farm. Davidson died and a hitch in
the title delayed the deal. Finally Mrs. Davidson agreed to sign the
deed for twenty-six-hundred dollars and one-twelfth the oil. Charles
Hyde paid the doctor this amount in 1862 for one-half his purchase and
it was termed the Hyde & Egbert farm. The Hollister well, drilled in
1861, the first on the land, flowed strongly. Owing to the dearness and
scarcity of barrels, the oil was let run into the creek and the well was
never tested. The lessees could not afford, as their contract demanded,
to barrel the half due the land-owners, because crude was selling at
twenty-five cents and barrels at three-fifty to four dollars! A company
of Jerseyites, in the spring of 1863, drilled the Jersey well, on the
south end of the property. The Jersey—it was a Jersey Lily—flowed
three-hundred barrels a day for nine months, another well draining it
early in 1864. The Maple-Shade, which cast the majority into the shade
by its performance, touched the right spot in the third sand on August
fifth, 1863. Starting at one-thousand barrels, it averaged eight-hundred
for ten months, dropped to fifty the second year and held on until 1869.
Fire on March second, 1864, burned the rig and twenty-eight tanks of
oil, but the well kept flowing just the same, netting the owners a clear
profit of fifteen-hundred-thousand dollars! “Do you notice it?” A plump
million-and-a-half from a corner of the “measly patch” poor Davidson
offered in 1860 for one-thousand dollars! And the Maple Shade was only
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