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
The Buchanan-Farm Oil-Company purchased Mitchell & Brown’s interest and
the Buchanan Royalty Oil-Company acquired the one-fourth held by the
land-owners. Both realized heavily, the Royalty Company paying its
stock-holders—Arnold Plumer, William Haldeman and Dr. C. E. Cooper were
principals—about a million dollars. The senior Buchanan, after receiving
two or three-hundred-thousand dollars—fifty times the sum he would ever
have gained farming—often denounced “th’ pirates that robbed an old man,
buyin’ th’ farm he could ’ave sold two year later fur two millyun!” The
old man has been out of pirate range twenty-five years and the Buchanan
families are scattered. Most of the old-time operators have handed in
their final account. Poor Fred Rockwell has mouldered into dust. Wright,
Camp, Taylor, Beech, Long, Shreve, Haldeman, Hostetter, Cooper, Col.
Gibson and Frank Irwin are “grav’d in the hollow ground.” Death claimed
“Hi” Whiting in Florida and last March stilled the cheery voice of
Wesley Chambers. The earnest, pleading tones of the Rev. R. M. Brown
will be heard no more this side the walls of jasper and the gates of
pearl. Scores moved to different parts of the country. John L. Mitchell
married Miss Hattie A. Raymond and settled at Franklyn. He organized the
Exchange Bank in 1871 and was its president until ill-health obliged him
to resign. Foster W. Mitchell also located at the county-seat and built
the Exchange Hotel. He operated extensively on Oil Creek and in the
northern districts, developed the Shaw Farm and established a bank at
Rouseville, subsequently transferring it to Oil City. He was active in
politics and in the producers’ organizations, treasurer of the
Centennial Commission and an influential force in the Oil-Exchange.
David H. Mitchell likewise gained a fortune in oil, founded a bank and
died at Titusville. Samuel Q. Brown, their relative and associate in
various undertakings, was a merchant and banker at Pleasantville.
Retiring from these pursuits, he removed to Philadelphia and then to New
York to oversee the financial work of the Tidewater Pipe-Line. He
procured the charter for the first pipe-line and acquired a fortune by
his business-talent and wise management.
“Let Hercules himself do what he may,
The cat will mew, the dog will have his day.”
Public-domain text, read in full here on John Shaqi.
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