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
“He has walk’d the way of nature;
The setting sun, and music at the close,
As the last taste of sweets, is sweetest last.”
[Illustration:
ISAAC N. PHILLIPS CHARLES M. PHILLIPS JOHN T. PHILLIPS
THOS. M. PHILLIPS
]
The rich pickings around Petroleum Center set many on the straight
cinder-path to prosperity. The four Phillips brothers—Isaac N., Charles
M., John I. and Thomas M. came from Newcastle to coin money operating a
farm south of the Espy. Prolific wells on the Niagara tract, Cherrytree
Run, back of the Benninghoff farm, added to their wealth. They cut a
wide swath in all the Pennsylvania fields. Three of the brothers have
“ascended to the hill of frankincense and to the mountain of myrrh.”
Thomas M. was a millionaire congressman. During the heated debates on
free-silver, in 1894, he scored the hit of the season by suggesting to
convert each barrel of Petroleum into legal-tender for a dollar and let
it go at that. Crude was selling at sixty cents, which gave the Phillips
proposition a point “sharper than a serpent’s tooth” or a Demosthenean
philippic. Dr. Egbert offered Isaac Phillips an interest in the Davidson
farm in 1862. The offer was not accepted instantly, Phillips saying he
would “consider it a few days.” Two weeks later he was ready to close
the deal, but the plum had fallen into the lap of Charles Hyde and
diverted prospective millions into another channel.
George K. Anderson figured conspicuously in this latitude, his receipts
for two years exceeding five-thousand dollars a day! He built a
sumptuous residence at Titusville, sought political preferment and
served a term in the State Senate. Holding a vast block of
Pacific-Railroad stock, he was the bosom friend of the directors and
trusted lieutenant of William H. Kemble, the Philadelphia magnate whose
“addition, division and silence” gave him notoriety. He bought thousands
of acres of land, plunged deeply into stocks and insured his life for
three-hundred-and-fifteen-thousand dollars, at that time the largest
risk in the country. If he sneezed or coughed the agents of the
insurance-companies grew nervous and summoned a posse of doctors to
consult about the case. Outside speculations swamped him at last. The
stately mansion, piles of bonds and scores of farms passed under the
sheriff’s hammer in 1880. Plucky and unconquerable, Anderson tried his
hand in the Bradford field, operating on Harrisburg Run. The result was
discouraging and he entered an insurance-office in New York. Five years
ago he accepted a government-berth in New Mexico. Meeting him on
Broadway the week before he left New York, his buoyant spirits seemed
depressed. He spoke regretfully of his approaching departure, yet hoped
it might turn out advantageously. He arrived at his post, sickened and
died in a few days, “a stranger in a strange land.” Relatives and loved
ones were far away when he went down into the starless night of the
grave.
Public-domain text, read in full here on John Shaqi.
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