The Bradford Oil-Company—J. T. Jones, Wesley Chambers, L. G. Peck and L. F. Freeman were the principal stockholders—owned a good share of the land on which Greater Bradford was built and ten-thousand acres in the northern field. The company drilled three-hundred wells in McKean and Allegany, realized fifty-thousand dollars from city-lots and its stock rose to two-thousand dollars a share. In 1881 Captain Jones bought out his copartners. The Enterprise Transit-Company, managed by John Brown, achieved reputation and currency. The McCalmont Oil-Company—organized during the Bullion phantom by David Kirk, I. E. Dean, Tack Brothers and F. A. Dilworth—humped itself in the middle and northern fields, sometimes paying three-hundred-thousand dollars a year in dividends. Kirk & Dilworth founded Great Belt City, in Butler county, cutting up a farm and selling hundreds of lots. “Farmer” Dean, manager of the company, operated in the lower fields, lived two years at Richburg, toured the country to preach the gospel according to the Greenbackers and won laurels on the rostrum. Frank Tack—frank and trustworthy—was vice-president of the New-York Oil-Exchange and his brother is dead. The Emery Oil-Company, the Quintuple, Mitchell & Jones, Whitney & Wheeler, Melvin and Fuller, George H. Vanvleck, George V. Forman, John L. McKinney & Co., Isaac Willets and Peter T. Kennedy were shining lights in the McKean-Allegany firmament. Kennedy owned the saw-mill when Bradford was a lumber camp and his estate—he died at fifty—inventoried eleven-hundred-thousand dollars. Hundreds of small operators left Bradford happy as men should be with as much money as their wives could spend; other hundreds dumped their well-earnings into the insatiable maw of speculation.
COL. JOHN J. CARTER.
The Bradford field was young when Col. John J. Carter, of Titusville, paid sixty-thousand dollars for the Whipple farm, on Kendall Creek. Friends shook their heads over the purchase, up to that time the largest by a private individual in the district, but the farm produced fifteen-hundred-thousand barrels of oil and demonstrated the wisdom of the deed. Other properties were developed by this indefatigable worker, until his production was among the largest in the northern region and he could have sold at a price to number him with the millionaires. Unanimously chosen president of the Bradford, Bordell & Kinzua Railroad-Company, he completed the line in ninety days from the issue of the charter and in eighteen months returned the stockholders eighty per cent. in dividends. President Carter’s ability in handling the property saved it to its owners, while every other narrow-gauge in the system fell into the clutches of receivers or sold as junk to meet court-charges for costly litigation.
All “Old-Timers” remember the “Gentlemen’s Furnishing-House of John J. Carter,” the finest establishment of the kind west of New York. Young Carter, with a splendid military record, located at Titusville in the summer of 1865, immediately after being mustered out of the service, and engaged in mercantile pursuits ten years. Like other progressive men, he took interests in the wild-cat ventures that made Pithole, Shamburg, Petroleum Centre and Pleasantville famous. From large holdings in Venango, Clarion and Forest he reaped a rich harvest. One tract of four-thousand acres in Forest, purchased in 1886 and two-thirds of it yet undrilled, he expects to hand down to his children as a proof of their father’s business-foresight. He scanned the petroleum-horizon around Pittsburg carefully and retained his investments in the middle and upper fields. Taylorstown and McDonald, with their rivers of oil, burst forth with the fury of a flood and disappeared. Sistersville, in West Virginia, had given the trade a taste of its hidden treasures from a few scattered wells. Much salt-water, little oil and deep drilling discouraged operators. How to produce oil at a profit, with such quantities of water to be pumped out, was the problem. Col. Carter visited the scene, comprehended the situation, devised his plans and bought huge blocks of the choicest territory before the oil-trade thought Sistersville worth noticing. This bold stroke added to the value of every well and lease in West Virginia, inspired the faltering with courage and rewarded him magnificently. Advancing prices rendered the princely yield of his scores of wells immensely profitable. Purchases based on fifty-cent oil—the trade had small faith in the outcome—he sold on the basis of dollar-fifty oil. Col. Carter is in the prime of vigorous manhood, ready to explore new fields and surmount new obstacles. He occupies a beautiful home, has a superb library, is a thorough scholar and a convincing speaker. His recent argument before the Ohio Legislature, in opposition to the proposed iniquitous tax on crude-petroleum, was a masterpiece of effective, pungent, unanswerable logic. None who admire a brave, manly, generous character will say that his success is undeserved.[undeserved.]
O. P. TAYLOR.
Five townships six miles square—Independence, Willing, Alma, Bolivar and Genesee, with Andover, Wellsville, Scio, Wirt and Clarksville north—form the southern border of Allegany county, New York. The first well bored for oil in the county—the Honeyoe—was the Wellsville & Alma Oil Company’s duster in Independence township, drilled eighteen-hundred feet in September, 1877. Gas at five-hundred feet caught fire and burned the rig, and signs of oil were found at one-thousand feet. The second was O. P. Taylor’s Pikeville well, Alma township, finished in November, 1878. Taylor, the father of the Allegany field, decided to try north of Alma, and in July of 1879 completed the Triangle No. 1, in Scio township, the first in Allegany to produce oil. It originated the Wellsville excitement and first diverted public attention from Bradford. Triangle No. 2, drilled early in 1880, pumped twelve barrels a day. S. S. Longabaugh, of Duke Centre, sank a dry-hole, the second well in Scio, three miles north-east of Triangle No. 1. Operations followed rapidly. Richburg No. 1, Wirt township, in which Taylor enlisted three associates, responded at a sixty barrel gait in May of 1881 to a huge charge of glycerine. Samuel Boyle, who had struck the first big well at Sawyer City, completed the second well at Richburg in June, manipulated it as a “mystery” and torpedoed it on July thirteenth. It flowed three-hundred barrels of blue-black oil, forty-two gravity, from fifty feet of porous sand and slate. Taylor’s exertions and perseverance showed indomitable will, bravery and pluck. He was a Virginian by birth, a Confederate soldier and a cigar-manufacturer at Wellsville. It is related that while drilling his first Triangle well the tools needed repairs and he had not money to send them to Bradford. His Wellsville acquaintances seemed amazingly “short” when he attempted a loan. His wife had sold her watch to procure food and she gave him the cash. The tools were fixed, the well was completed and it started Taylor on the road to the fortune he and his helpmeet richly earned. The pioneer died in the fall of 1883. The record of his adventures, trials and tribulations in opening a new oil-district would fill a volume. He was prepared for the message: “Child of Earth, thy labors and sorrows are done.”
Eighteen lively months sufficed to define the Allegany field, which was confined to seven-thousand acres. Twenty-nine-hundred wells were bored and the maximum yield of the district was nineteen-thousand barrels. Richburg and Bolivar, both old villages, quadrupled their size in three months. Narrow-gauge railroads soon connected the new field with Olean, Friendship and Bradford. The territory was shallow in comparison with parts of McKean, where eighteen-hundred feet was not an uncommon depth for wells. Timber and water were abundant, good roads presented a pleasing contrast to the unfathomable mud of Clarion and Butler and the country was decidedly attractive. Efforts to find an outlet to the belt failed in every instance. The climax had been reached and a gradual decline set in. Allegany was the northern limit of remunerative developments in the United States, which the next turn of the wheel once more diverted southward. The McCalmont Oil-Company and Phillips Brothers were leaders in the Richburg field. The country had been settled by Seventh-day Baptists, whose “Sunday was on Saturday.” Not to offend these devout people by discriminating in favor of Sunday, operators “whipped the devil around the stump” by drilling and pumping their wells seven days a week!
The Chipmunk pool, a dozen miles north of Bradford, was trotted out in 1895. For a season its shallow wells promised a glut of real oil, the daily production rising to twenty-six-hundred barrels. The area of creamy territory was quickly defined. Captain E. H. Barnum, long an enterprising Bradford operator, drilled a test-well near Arkwright, Chautauqua County, N.Y., in 1897. He put twenty-five-hundred feet of six-inch and three-hundred feet of eight-inch casing in the hole, which proved barren of oil or gas and was abandoned when three-thousand feet deep. The Watsonville pool, south-west of Bradford, lively drilling brought to the nine-thousand-barrel notch for a time this season.