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
Wolverine shares climbed out of sight. Mr. Heydrick bought the whole
batch, the lowest costing him four-thousand dollars and the highest
fifteen-thousand. He sold part of his holdings on the basis of
fifteen-hundred-thousand dollars for the well and farm of two-hundred
acres, forty-three-thousand times the original value of the land!
Heydrick Brothers bored seventy wells on three farms in President
township, one of which cost eighteen months’ labor and ten-thousand
dollars in money and produced nine barrels of oil. They disposed of it,
the new owner fussed with it and for five years received fifteen barrels
of oil a day.
Accidents and incidents resulting from the Wolverine operations would
fill a dime-novel. Jesse Heydrick, organizer of the company, went east
with two or three-hundred-thousand dollars, presumably to “play Jesse”
with the bulls and bears of Wall Street. He returned in a year or more
destitute of cash, but loaded with entertaining tales of adventure. He
told a thrilling story of his abduction from a New-York wharf and
shipment to Cuba by a band of kidnappers, who stole his money and
treated him harshly. He endured severe hardships and barely escaped with
his life and a mine of experience. Working his way north, he resumed
surveying, prepared valuable maps of the Butler field and was a standard
authority on oil-matters in the district. For years he was connected
with a pipe-line in Ohio, returning thence to Butler, his present
residence, to engage in oil-operations. Mr. Heydrick is cultured and
social, brimful of information and interesting recitals, and not a
bilious crank who thinks the world is growing worse because he lost a
fortune. A brother at Franklin was president of the Oil-City Bank,
incorporated in 1864 as a bank of issue and forced to the wall in 1866,
and served a year on the Supreme Bench. James Heydrick was a skilled
surveyor and Charles W. resided at the old homestead on French Creek.
Heydrick Brothers were “the Big Four” in developments that brought the
Allegheny-River region into the petroleum-column. It is singular that
the Heydrick well, located at random thirty-seven years ago, was the
largest ever struck on the banks of the zig-zagged, ox-bowed stream.
It set the pace to serve as an example,
But not another could come up to sample.
Public-domain text, read in full here on John Shaqi.
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