Across the run the Curtin Oil-Company farmed out forty acres. The Baker well, an October biscuit, flowed one-hundred barrels a day all the winter of 1864-5 and pumped six years. Water, bane of flannel-suits and uncased oil-wells, deluged it and its neighbors. Hugh Cropsey, a New-York lawyer and last owner of the well nearest the Baker, “ran engine,” saved a trifle, pulled up stakes in 1869 and tried his luck at Pleasantville. Returning to Cherry Run, he resuscitated a well on the hill and was suffocated by gas in a tank containing a few inches of fresh crude. His heirs sold me the old well, which pumped nine months without varying ten gallons in any week and repaid twice its cost. Unchangeable as the laws of the Medes and Persians, its production was the steadiest in the chronicles of grease. One Saturday evening N. P. Stone, superintendent of the St. Nicholas Oil-Company, bought it from me at the original price. His men took charge of it at noon on Tuesday. At five o’clock the well quit forever, “too dead to skin!” Cleaning out, drilling deeper, casing, torpedoing and weeks of pumping could not persuade it to shed another drop of oil or water. This close shave was a small by-play in a realistic drama teeming with incidents far stranger than “The Strange Adventures of Miss Brown.” B. H. Hulseman, president of the St. Nicholas Oil-Company, was a wealthy leather-merchant in Philadelphia. He spent much of his time on Cherry Run, lost heavily in speculations, entered the oil-exchange and died at Oil City. Kind-hearted, sincere and unpretending, his good remembrance is a legacy to cherish lovingly.
“Nothing in his life
Became him like the leaving it; he died
As one who had been studied in his death,
To throw away the dearest thing he owned,
As ’twere a careless trifle.”
Two-hundred yards above the Baker a half-dozen wells crowded upon a half-acre. True to its title, the Vampire sucked the life-blood from its pal and produced bounteously. The Munson, owned by the first sacrifice to nitro-glycerine, sustained the credit of its environment. The Wade was the star-performer of the group. James Wade, an Ohio teamster, earned money hauling oil. Concluding to wade in, he secured a bantam lease and engaged Thomas Donnelly to drill a well. It surpassed the Reed, flowing four-hundred barrels a day at the start. Frank Allen, agent of a gilt-edged New-York company, rode from Oil City to see a well described to him as “livelier than chasing a greased pig at a county-fair.” His exalted conceptions of petroleum befitted the representative of a company capitalized at three-millions, in which August Belmont, Russell Sage and William B. Astor were said to be stockholders. The fuming, gassing stream of oil suited him to a t. “I’ll give you three-hundred-thousand dollars for it,” he said to Wade, whom the offer well-nigh paralyzed. The two men went into the grocery close by, Wade signed a transfer of the well and Allen handed him a New-York draft. The happiest being in the pack, Wade packed his carpet-bag, hitched his horses to the wagon, bade the boys good-bye and drove to Oil City to get the paper cashed. He wore greasy clothes and did not wear the air of a millionaire. “Is Mr. Bennett in?” he asked a clerk at the bank. “Naw; what do you want?” was the reply. “I want a draft cashed.” “Oh, you do, eh? I guess I can cash it!” The clerk’s haughty demeanor fell below zero upon beholding the draft. He invited Wade to be seated. Mr. Bennett, the urbane cashier, returned in a few moments. The bank hadn’t half the currency to meet the demand on the instant. Wade left directions to forward the money to his home in Ohio, where he and his faithful steeds landed two days later. He bought fine farms for his brothers and himself, invested two-hundred-thousand dollars in government-bonds and wisely enjoyed, amid the peaceful scenes of agricultural life, the fruits of his first and last oil-venture. Few have been as sensible, for the petroleum-coast is encrusted with financial wrecks—vast fortunes amassed only to be lost on the perilous sea of speculation. The world has heard of the prizes in the lottery of oil, while the blanks—tenfold more numerous—are glossed over by the glamour of the Sherman, Empire, Noble, Phillips, Reed and other wells, “familiar as household words.”
PETER P. CORNEN
