Pithole, “the magic city,” had little in its antecedents to betoken the meteoric rise and fall of the most remarkable oil-town that ever “went up like a rocket and came down like a stick.” The unpoetic name of Pithole Creek was applied to the stream which flows through Allegheny township and bounds Cornplanter for several miles on the east. It empties into the Allegheny River eight miles above Oil City and was first mentioned by Rev. Alfred Brunson, an itinerant Methodist minister, in his “Western Pioneer” in 1819. Upheavals of rock left a series of deep pits or chasms on the hills near the mouth of the stream. From the largest of these holes a current of warm air repels leaves or pieces of paper. Snow melts around the cavity, which is of unknown depth, and the air is a mephitic vapor or gas. A story is told of three hunters who, finding the snow melted on a midwinter day, determined to investigate. One of them swore it was an entrance to the infernal regions and that he intended to warm himself. He sat on the edge of the hole, dangled his feet over the side, thanked the devil for the opportune heat, inhaled the gas and tumbled back insensible. His companions dragged him away and the investigation ended summarily. Seven miles up the creek, in the northeast corner of Cornplanter, Rev. Walter Holmden was a pioneer-settler. Choosing a tract of two-hundred acres, he built a log-house on the west bank of the creek, cleared a few acres, struggled with poverty and died in 1840. Mr. Holmden was a fervent Baptist preacher. Thomas Holmden occupied the farm after the good old man’s decease, with the Copelands and Blackmers and James Rooker as neighbors. Developments had covered the farms from the Drake well to Oil City. Operators ventured up the ravines, ascended the hills and began to take chances miles from either side of Oil Creek. Successful wells on the Allegheny River broadened opinions regarding the possibilities of petroleum. Nervy men invaded the eastern portion of Cornplanter, picking up lands along Pithole Creek and its tributaries. I. N. Frazer, fresh from his triumph on Cherry Run as joint-owner of the Reed well, desired fresh laurels. He organized the United-States Oil-Company, leased part of the Holmden farm for twenty years and started a well in the fall of 1864. The primitive derrick was reared in the woods below the Holmden home. At six-hundred feet the “sixth sand”—generally called that at Pithole—was punctured. Ten feet farther the tools proceeded, the drillers watching intently for signs of oil. On January seventh, 1865, the torrent broke loose, the well flowing six-hundred-and-fifty barrels a day and ceasing finally on November tenth. A picture of the well, showing Frazer with his back to the tree beside his horse and a group of visitors standing around, was secured in May. Kilgore & Keenan’s Twin wells, good for eight-hundred barrels, were finished on January seventeenth and nineteenth. The unfathomable mud and disastrous floods of that memorable season retarded the hegira from other sections, only to intensify the excitement when it found vent. Duncan & Prather bought Holmden’s land for twenty-five-thousand dollars and divided the flats and slopes into half-acre leases. The first of May witnessed a small clearing in the forest, with three oil-wells, one drilling-well and three houses as its sole evidences of human handiwork.
FRAZER WELL, ON HOLMDEN FARM, PITHOLE, IN MAY, 1865.
Ninety days later the world heard with unfeigned surprise of a “city” of sixteen-thousand inhabitants, possessing most of the conveniences and luxuries of the largest and oldest communities! Capitalists eager to invest their greenbacks thronged to the scene. Labor and produce commanded extravagant figures, every farm for miles was leased or bought at fabulous rates, money circulated like the measles and for weeks the furore surpassed the frantic ebullitions of Wall Street on Black Friday! New strikes perpetually inflated the mania. Speculators wandered far and wide in quest of the subterranean wealth that promised to outrival the golden measures of California or the silver-lodes of Nevada. The value of oil-lands was reckoned by millions. Small interests in single wells brought hundreds-of-thousands of dollars. New York, Philadelphia, Boston and Chicago measured purses in the insane strife for territory. Hosts of adventurers sought the new Oil-Dorado and the stocks of countless “petroleum-companies” were scattered broadcast over Europe and America. An ambitious operator sold seventeen-sixteenths in one well and shares in leases were purchased ravenously. A half-acre lease on the Holmden farm realized bonuses of twenty-four-thousand dollars before a well was drilled on the property and the swarm of dealers resembled the plague of locusts in Egypt in number and persistence!
Everything favored the growth of Pithole. The close of the war had left the country flooded with paper currency and multitudes of men thrown upon their own resources. Hundreds of these flocked to the inviting “city,” which presented manifold inducements to venturesome spirits, keen shysters, unscrupulous stock-jobbers, needy laborers and dishonest tricksters. The post-office speedily ranked third in Pennsylvania, Philadelphia and Pittsburg alone excelling it. Seven chain-lightning clerks assisted Postmaster S. S. Hill to handle the mail. Lines of men extending a block would await their turns for letters at the general-delivery. It was a roystering time! Hotels, theaters, saloons, drinking-dens, gambling-hells and questionable resorts were counted by the score. A fire-department was organized, a daily paper established and a mayor elected. Railways to Reno and Oleopolis were nearly completed before “the beginning of the end” came with terrible swiftness. In November and December the wells declined materially. The laying of pipe-lines to Miller Farm and Oleopolis, through which the oil was forced to points of shipment by steam-pumps, in one week drove fifteen-hundred teams to seek work elsewhere. Destructive fires accelerated the final catastrophe. The graphic pen of Dickens would fail to give an adequate idea of this phenomenal creation, whose career was a magnified type of dozens of towns that suddenly arose and as suddenly collapsed in the oil-regions of Pennsylvania.
JOHN A. MATHER.
Pithole had many wells that yielded freely for some time. The Homestead, on the Hyner farm, finished in June of 1865, proved a gusher. On August first the Deshler started at one-hundred barrels; on August second the Grant, at four-hundred-and-fifty barrels; on August twenty-eighth the Pool, at eight-hundred barrels; on September fifth the Ogden, at one-hundred barrels, and on September fifteenth Pool & Perry’s No. 47, at four-hundred barrels. The Frazer improved during the spring to eight-hundred barrels, while the Grant reached seven-hundred in September. On November twenty-second the Eureka joined the chorus at five-hundred barrels. The daily production of the Holmden farm exceeded five-thousand barrels for a limited period, with a proportionate yield of seven-dollar crude from adjacent tracts. John A. Mather, the veteran Titusville photographer, discarded his camera to become a full-fledged oilman. He bored a well that tinctured the suburban slope of Balltown a glowing madder. The frenzy spread. J. W. Bonta and James A. Bates paid James Rooker two-hundred-and-eighty-thousand dollars for his hundred-acre farm, south of the Holmden. Rooker, a hard-working tiller of the soil, lived in a kind of rookery and earned a poor subsistence by constant toil. He stuck to the money derived from the sale of his farm, and he is still living at a goodly age. The Grand Dutch S well would have given Lillian Russell new wrinkles in her delineation of the “Grand Duchess of Gerolstein.” A neighbor refused eight-hundred-thousand dollars for his barren acres. “I don’t keer ter hev my buckwheat tramped over,” he explained, “but you kin hev this farm next winter fur a million!” He kept the farm, reaped his crop and was not disturbed until death compelled him to lodge in a plot six by two.
GRAND DUTCH S WELL.