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
James S. McCray, a farmer’s son, born in 1824 on the flats below
Titusville, at twenty-two set out for himself with two dollars in his
pocket. Working three years in a saw-mill on the Allegheny, he saved his
earnings and in 1850 was able to buy a team and take up the farm decreed
to enrich him beyond his wildest fancies. He married Miss Martha G.
Crooks, a willing helpmeet in adversity and wise counsellor in
prosperity. His first venture in oil, a share in a two-acre lease at
Rouseville, he sold to drill a well on the Blood farm, elbowing his own.
From this he realized seventy-thousand dollars. For his own farm he
refused a million dollars in 1871. Sharpers dogged his footsteps and
endeavored to rope him into all sorts of preposterous schemes. He told
me one project, which was expected to control the coal-trade of the
region, bled him two-hundred-and-sixty-thousand dollars! Instead of
selling his oil right along, at an average figure of nearly five
dollars, he stored two-hundred-thousand barrels in iron-tanks, to await
higher prices. In my presence H. I. Beers, of McClintockville, bid him
five-thirty-five a barrel for the lot. McCray stuck out for five-fifty.
He kept the oil for years, losing thousands of barrels by leakage and
evaporation, and sold the bulk of it at one to two dollars. Had he dealt
with Beers he would have been six-hundred-thousand dollars richer! Mr.
McCray removed to Franklin in 1872 and died some years ago. He rests in
the cemetery beside his faithful wife and only daughter. The wells on
his farm drooped and withered and the famous fifteen-acre field has long
been a pasture. A robust character, strong-willed and kindly, sometimes
queerly contradictory and often misjudged, James S. McCray could adopt
the words of King Lear: “I am a man more sinned against than sinning.”
[Illustration:
HYDE & EGBERT TRACT AND McCRAY FARM IN 1870.
JAS. S. McCRAY FARM. JAS. S. McCRAY.
]
The Dalzell or Hayes farm, on which the first well—fifty barrels—was
drilled in 1861, boasted the Porcupine, Rhinoceros, Ramcat, Wildcat, and
a menagerie of thirty others ranging from ten barrels to three-hundred.
At the north end of the farm, in the rear of the Maple-Shade and Jersey
wells, the Petroleum Shaft-and-Mining-Company attempted to sink a hole
seven feet by seventeen to the third sand. The shaft was dug and blasted
one-hundred feet, at immense cost. The funds ran out, gas threatened to
asphyxiate the workmen, the big pumps could not exhaust the water and
the absurd undertaking was abandoned.
Public-domain text, read in full here on John Shaqi.
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