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
A story is told in California of a man owning a farm which he wanted
to sell. He had heard of the petroleum dodge, and thought he would try
the same plan in another way. So one day, when a lot of speculators
from San Francisco were at his house, he poured a gallon of whiskey
into a small spring, and then led the speculators in that direction.
The farmer spoke of the spring, said that he made no use of it, as he
had an abundance of water near his house. He had never observed the
spring except to remark its peculiar color. He roused the curiosity
of the strangers so that one of them tasted the water, winked at his
neighbor, and stepped aside. Before night the farmer had sold his
place at a high price, and the speculators had organized a company for
supplying the California market with an excellent article of whiskey
cocktail. But somehow their enterprise never succeeded.
The immense fortunes made from petroleum speculations were almost
marvellous; a man might be poor to-day and worth a million dollars
to-morrow. In the morning he could not raise enough money to buy a
breakfast, and at noon his credit would be good for the purchase of a
first-class steamship. A man might be working as a day laborer this
week, and his wife would be taking in washing at a dollar a dozen.
Six days later he would be a millionnaire clad in broadcloth and fine
linen, and wearing a diamond like a calcium light, while his wife
would be arrayed in silks of the most costly character, and wearing
them as uneasily as a bull-dog wears a pair of trousers tied around
his neck.
A good story is told of a woman one day selecting some diamonds in
a jewelry store on Broadway. Two other women were standing near and
observing her motions. One of them suggested to her friend, “Evidently
shoddy.”
The diamond purchaser raised her eyes for a minute, and said, “No,
madam; petroleum.”
A great many stories are told of a youth in the oil regions who was
brought up on a farm, and who, for a year or more, after the outbreak
of the oil fever, was driving a team at fifteen dollars a month. He
had a grandmother, as most young men have, but she was unlike a great
many grandmothers, as she was enormously rich. She owned a large farm,
and leased it to speculators who wished to search for oil. She always
stipulated for half the oil, and her farm was so productive that she
had a magnificent income, and accumulated money at a very rapid rate.
A common report was, that she had eleven barrels and four trunks full
of greenbacks.
[Sidenote: THE MILLIONNAIRE YOUTH.]
One day she did as all good grandmothers do,—she died. The youth,
whom I will call John, as that was half his name, became heir to her
vast estate. He dropped into two millions of cash, and into the farm,
which yielded about two thousand dollars a day. He had never had so
much money before in all his life. Ox-driving at the compensation he
received would require a long time for the accumulation of such a
fortune.
Public-domain text, read in full here on John Shaqi.
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