The first movement for utilizing this vast oil product was made, in 1854, by two New Yorkers, who organized a company, and secured the right to a certain spring on Oil Creek; but they made no progress until three years later, when Messrs. Bowditch and Drake, of New Haven, undertook to search for oil. In the winter of 1858 and ‘9, Colonel E. S. Drake completed arrangements for boring into the rock below the bed of the creek. On the 26th of August, 1859, oil was found at a depth of seventy-one feet. The drills sank into a cavity in the rock, and the oil rose to the surface. By means of a pump, four hundred gallons were obtained per day, and a larger pump being introduced, the supply reached one thousand gallons daily. This was the beginning of the borings for oil in that region. Every spot where oil was found, or was likely to be found, was carefully examined, and a great many wells were put down. Up and down the banks of Oil Creek derricks were erected and wells were sunk, and in a year or two the banks of the stream looked as if their natural product had been derricks rather than trees. The ground was perforated like a sieve, and if the holes had been a few feet, instead of a few inches, in diameter, it would have been dangerous walking round there for fear of tumbling through. The original depth of seventy-one feet was found insufficient, and the borings were frequently conducted to a depth of several hundred feet. I believe one well was sunk over two thousand feet, and a great many wells exceeded a thousand. Many of them never produced oil, and the man who had risked his money to bore these wells saw it vanish without affording anything in return.
FORTUNES WON AND LOST.
A great many stories are told of fortunes made and lost in boring for oil. In some cases men just narrowly missed success, and in others they obtained their success by accident. A story is told of some men who had secured a locality and sunk their drills to a depth of nearly a thousand feet. All their money was gone, and they knew not where to obtain more. There were no indications of oil, their machinery was mortgaged, and the sheriff stood by to secure it. They were about to abandon work; it was near the close of the day, and they had no credit and no means to continue work on the following morning. One of the men proposed to quit about four o’clock in the afternoon. “No,” said the other; “let us die game, and put the machine through till sunset.”
He tore away a piece of the timber supporting the derrick, and threw it into the furnace to give additional speed to the engine. Just as the sun was beginning to dip behind the western hills, the drill suddenly sunk several feet. It was withdrawn from the rock, and a column of oil mixed with salt water followed it. They had “struck oil,” and were saved.
In another instance a company was formed, and had drilled a dozen wells, but without success. Their capital was nearly gone, and they were working on a well which, if unsuccessful, would prove their ruin. Just as they had expended almost their last dollar, and were within twenty-four hours of suspending, they found oil in abundant quantities, and were saved from ruin.
There are many instances of men searching for oil, boring their wells to a considerable depth, and abandoning them in consequence of the exhaustion of their money, and the discouraging prospects. After abandoning their work, others took possession of the places, and in a few days, sometimes in a few hours, opened wells of great value.
In the oil regions I was once told a story of two men who had been at work a long time, but could get no oil. Their money was exhausted, and they became discouraged. When they had expended their last dollar, and mortgaged everything, they stepped aside and made way for their creditors. As they surrendered their machinery, one of them said,—
“Let us clear out of this place, and go to work by the day until we can get enough to try it again.”
“Hold on,” said the other; “let us sit down and see these fellows work. We will stay a little while, and see if they get along as fast as we did.”
So the two men remained, mainly for the reason they did not know what else to do.