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
Mrs. Sands, formerly a resident of Oil City, built the Sands Block and
owned wells on Sage Run. McGrew Brothers, of Pittsburg, struck a spouter
in 1869 that boomed Sage Run a few months. A lady at Pleasantville, who
had coined money by shrewd speculations in oil-territory, purchased
two-hundred acres near the McGrew strike, while the well was drilling
and nobody thought it worth noticing. The lady was Mrs. Sands, who
enacted the role of “a poor lone widow,” anxious to secure a patch of
ground to raise cabbage and garden-truck, to get the property. She
worked so skillfully upon the sensibilities of the Philadelphians owning
the land that they sold it for a trifle “to help a needy woman!” Her
first well, finished the night before the “thirty-day shut down,” flowed
five-hundred barrels each twenty-four hours. The “poor lone widow”
valued the tract at a half-million dollars and at one time was rated at
six-hundred-thousand, all “earned by her own self.” Yet weak-minded men
and strong-minded women talk of the suppressed sex!
A Franklin lady asked her husband one morning to buy five-thousand
barrels of oil on her account, saying she had an impression the price
would advance very soon. To please her he promised to comply. At dinner
she inquired about it and was told the order had been filled by an
Oil-City broker. In the afternoon the price advanced rapidly. Next
morning the lady asked hubby to have the lot sold and bring her the
profits. The miserable husband was in for it. He dared not confess his
deception and the only alternative was to pay the difference and keep
mum. His sickly smile, as he drew fifteen-hundred dollars out of the
bank to hand his spouse, would have cracked a mirror an inch thick.
Solomon got a good deal of experience from his wives and that Franklin
husband began to think “a woman might know something about business
after all.”
Mrs. David Hanna, of Oil City, is not one of the women whose idea of a
good time is to go to a funeral and cry. She tried a bit of speculation
in certificates and the market went against her. She tried again and
again, but the losses exceeded the profits by a large majority. The
phenomenal spurt in April of 1895 was her opportunity. She held down a
seat in the Oil-Exchange gallery three days, sold at almost the top
notch and cleared twelve-thousand dollars. People applauded and declared
the plucky little woman “had a great head.”
[Illustration]
SCHRUBRASS FERRY 1873
SUMMIT CITY
ACROSS THE BELT AT BARRINGER
TURKEY CITY IN 1874
FIRST HOUSE AT TRIANGLE CITY
MAIN STREET, ST. PETERSBURG.
VIEW IN EDENBURG.
XII.
DOWN THE ZIG-ZAGGED STREAM.
Public-domain text, read in full here on John Shaqi.
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