The Underground World: A mirror of life below the surfaceKnox, Thomas Wallace
History
The Underground World: A mirror of life below the surface
Knox, Thomas Wallace
Caves; Mines and mineral resources; Social history -- 19th century; Tunnels
It was the same in the oil regions with regard to disappointments
that it has been in California and other countries containing mineral
treasures. A case like the one just described is almost an exact
parallel of a case in California, where two men, working a week or
more on a claim where they hardly made money enough to pay their
expenses, abandoned it in disgust. Two others stepped in, and on the
very day they took possession, found a lump of gold worth several
thousands of dollars. In another instance some Americans abandoned a
claim, which was immediately occupied by half a dozen Chinese. The
Chinese found a rich deposit of gold within six inches of where one of
the Americans had abandoned the use of his pick and shovel.
[Sidenote: SALTING A WELL.]
Petroleum wells can be “salted” or “baited,” just as gold or other
mines can be salted, and in the early days of the oil fever, the
baiting of petroleum wells was by no means an uncommon thing.
Sometimes it would be done by one of the owners of a well in order to
defraud other owners. For instance, Smith and Brown have entered into
partnership to put down a well. They join their money together, buy
the necessary drills and machinery, and go to work. The well is down
one or two hundred feet. Smith gets tired of it. He knows that Brown
has more money, and so thinks that he will sell out. While Brown is
asleep, Smith gets a barrel or so of petroleum, and pours it into the
well. Next morning, when they go to work, the condition of the hole is
tested as usual, and of course there are indications of petroleum. If
a barrel has been poured into the hole it is filled for quite a long
distance. Smith has taken care to be away at the time, and appears
in perfect ignorance. If Brown is honest he will tell Smith, on his
reappearance, of the rich supply they have found; but the chances are
two to one that Brown will say nothing, except to suggest carelessly
that the well is not very promising, and ask Smith what he will give
for his share. Smith says, with equal carelessness, “I don’t want to
buy, but I will sell my interest for three thousand dollars.”
Perhaps he puts it at a higher figure. He knows the length of Brown’s
purse, and goes for its contents. The result is, that Brown secretly
chuckles over his speculation, and buys the well.
Smith goes on his way rejoicing, and Brown, still more rejoicing,
stays where he is. He knows that a few inches more of depth to the
well will yield abundant oil, and he works away very earnestly; but
somehow he keeps on drilling for a long time, and at last awakens to
the consciousness that he has been sold.
Public-domain text, read in full here on John Shaqi.
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