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
Dr. W. P. Book, who started at Plumer, ran big hotels at Parker and
Millerstown and punched a hole in the Butler field occasionally, leased
nine-hundred acres below Bradford in the summer of 1875. He bored
two-hundred wells, sold the whole bundle to Captain J. T. Jones and went
to Washington Territory with eight-hundred-thousand dollars to engage in
lumbering and banking. Captain Jones landed on Oil Creek after the war,
in which he was a brave soldier, and drilled thirteen dry-holes at
Rouseville! Repulses of this stripe would wear out most men, but the
Captain had enlisted for the campaign and proposed to stand by his guns
to the last. His fourteenth attempt—a hundred-barreler on the Shaw
farm—recouped former losses and inaugurated thirty years of remarkable
prosperity. Fortune smiled upon him in the Clarion field. Pipe-lines,
oil-wells, dealings in the exchanges, whatever he touched turned into
gold. Not handicapped by timid partners, he paddled his own canoe and
became the largest individual operator in the northern region. Acquiring
tracts that proved to be the heart of the Sistersville field, he is
credited with rejecting an offer last year of five-million dollars for
his West-Virginia and Pennsylvania properties! From thirteen wells, good
only for post-holes if they could be dug up and retailed by the foot, to
five-millions in cash was a pretty stretch onward and upward. He
preferred staying in the harness to the obscurity of a mere
coupon-clipper. He lives at Buffalo, controls his business, enjoys his
money, remembers his legions of old friends and does not put on airs
because of marching very near the head of the oleaginous procession.
[Illustration:
-THEO BARNSDALL-
-LEWIS EMERY-
DAVID KIRK CAPT. J. T. JONES
]
Public-domain text, read in full here on John Shaqi.
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