The Continental Monthly, Vol. 5, No. 2, February, 1864: Devoted To Literature And National PolicyVarious
History
The Continental Monthly, Vol. 5, No. 2, February, 1864: Devoted To Literature And National Policy
Various
Literature, Modern -- 19th century -- Periodicals; United States -- Politics and government -- 19th century -- Periodicals
The work was finally commenced by Colonel E. L. Drake, near the upper
oil springs on Oil Creek, by boring in the rock. But it was labor
pursued under difficulties. To have announced the intention of boring
for petroleum into the bowels of the earth, would have been to provoke
mirth and ridicule. The enterprise would have appeared quite as
visionary as that of Noah to the antediluvians in building his ark
against an anticipated inundation. It was generally supposed that the
search was for salt water; and perhaps the idea was a complex one even
in the mind of the proprietor. Oil was desirable, salt was within the
reach of probability; if the former failed, the latter might probably be
secured; and if neither object was attained, the search for salt would
be considered neither visionary nor disreputable.
But the work went forward, through good report and through evil report,
particularly the latter, until August 26th, 1859, when, at the depth of
seventy feet, the drill suddenly sank into a cavity in the rock, when
there was immediate evidence of the presence of oil in large quantities.
It was like the cry of 'Land ho!' amid the weary, disheartened mariners
that accompanied Columbus to the Western World. The goal had been
reached at last. A pathway had been opened up through the rocks,
leading, not to universal empire, but to realms of wealth hitherto
unknown. Providence had literally forced upon men's attention that which
should fill many dwellings with light, and many hearts with gladness.
Upon withdrawing the drill from the well, the oil and water rose nearly
to the surface. The question was now to be tested whether the petroleum
would present itself in sufficient quantities to justify further
proceedings, or whether it was, like many another dream, to vanish in
darkness, or dissolve in tears. The well was tubed, and by a common hand
pump yielded ten barrels per day. By means of a more powerful pump,
worked by a small engine, this quantity was increased to forty barrels
per day. The supply was uninterrupted, the engine working day and night,
and the question was considered settled. This oil well immediately
became the centre of attraction. It was visited by hundreds and
thousands, all eager to see for themselves, and test by actual
experiment, the wondrous stories that had been related concerning its
enormous yield, by counting the seconds that elapsed during the yield of
a single gallon.
The fortune of the valley of Oil Creek was now settled, and the prices
of land throughout its whole extent immediately became fabulous.
Sometimes entire farms were sold, but generally they were leased in very
small lots. In some cases the operator was required to give one half and
even five eighths of the product, besides a handsome bonus, to the
proprietor of the soil. The work now commenced in earnest. A tide of
speculators began to set in toward the oil region, that would have
overpowered that of California or Australia in their palmiest days.
Public-domain text, read in full here on John Shaqi.
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