Show MONEY RAN LIKE WATER J 1 1 IN THE FIRST FIST OIL OL BO BOil When hen Colonel Drake punched his sev sev- I foot foot enty-foot hole into tho the oil 01 rock near neat TI- TI Pa just fifty years years ago he le released re released released re- re leased an aim industrial agency that has probably probably probably ably created more and tunes fortunes and failures than than any other known to the history of the world in an equal period One of the earliest earlest of these great commercial rem com mercial mercal disturbers was T as known as the time Jake Jae Biown Bi Browl well wel from the elder of its is two owners The Brown brothers c s were hard hardworking Jo sr f wJ working g men who lived hived In a r rough board shanty they had built buit n near neam- al Shamburg in order eider to be tie close chose to their work In iii the time loft loft cose of this they kept their val vat Nearly Keady all al tho the oil oit 01 sales salos were ere then made for spot cash and It i was nas not unusual for as a much as to lo accumulate before the brothers found It i convenient convenient con con- to put it i In a a safer r place than the loft Ono landowner found it i too much trOuble trouble trouble trou trou- ble to climb the ladder to the time loft Ion ever every time he imo wished to deposit a a. oil loll rol of bills so o he climbed Just far enough to reach his Ills hand above the time loft floor and nd toss his precious handfuls in ca day by day ay until unU at some seine sOle convenient period he lie could coull find time timeto timeto to ascend and place the time scattered currency currency cur cur- rency in a large wooden box With this primitive method of banking a certain woman was as unfortunate The garret roof leaked badly and when one day she Iho took the trouble to examine her wealth she found the ho bank bills bis a mass massof massof massof of mildew Patiently washing n each bill bi into something like presentable shape she can led can led them outside and spread them on the grass to dry The he sun did Its It work ork well wel then a gust gustof of wind put tho Ume te town under a cloud of flying greenbacks greenbacks Thousands of dollars just just how much the owner OWer never knew knew- went sailing in every direction and the thc frantic lady saw her wealth take literal wings The neighbors came to her assistance as as- while even tho time children spent a busy afternoon In running m down donn and aud re returning re- re turning to item her such recreant bills bis as the they could catch Among Amon the almost worthier farms lemma along Oil Oi Creek was one owned by Wilham William Vi Wil Wil- liam ham lam McClintoc-k McClintoc In Jim 1857 1837 the time ld old man and his lila wife took for adoption from toni the time county almshouse near Franklin Frankln a bo boy of 12 or 14 1 years year whose name was recorded In the annals of the Institution as Johnnie Johnnie John John- nie nil Steele Two years ears later the old man died leaving leav in ing to his widow time the farm arm worth about and 2000 In mone money The widow promptly made a will wi leaving the farm to Johnnie SteEle and the tile mone money to an adopted daughter who was her hel favorite A few months later the first oil oi well eli wel was as brought In and pretty soon thousands of barrels of oil 01 brought royalties roales to the widow O With I t native distrust t u of banks bank she sent nt to Pittsburg for a safe f which t she sho literally crammed t with money It I is not to be wondered 1 at that in the ex excitement ex- ex of the time hour hou her will wi and Us its Is provisions provisions provisions pro pro- visions were for forgotten oten One evening early in II 1862 1562 young joung Steele home with vi his team after a ahard ahard ahard hard days day's work hauling oil oi to find the house houle in ashes an and the widows widow's bones among time the ruins hums The n agency eney that had lied given iven her a a. fortune had claimed her life hite in exchange and she had fallen falen a a victim to petroleum and a L klch kitchen n tire fire fre Tho The stor story goes that Steele to whom contents content of ot the safe legally descendEd descended that married the time daughter of one of his workmen who taught him to write his bitt name and that he shortly shorty afterward became became be bp- came the most mORt r reckless of pend spendthrifts that he used 10 notes for tor cigar lighters that he hI ought bought fine carriages and teams to convey him hint a few blocks In the time city cUy and then at the end of the drive presented pre pre- the outfit to his hired driver that he ho hI gave la E a 5 00 d to a a. negro who aho sang a son song that happened to please him that he lie wagered l a bottle botte of champagne that he could spend pend upon his own actual riotous living H a a day for sixty consecutive con con- COI- COI days and that lie he won the lie wager wager wa wn- ger that he ho frequent frequently rode at breakneck breakneck break break- neck speed through th the streets flinging coins h by the handful to the children ashe as ashe ashe he passed that in a fit lit of ot drunken abStraction abstraction ab ah- ab- ab and because the lie rolls of ot money Interfered with aith lh t the he set aCt of his coat oat he ime rushed into a Philadelphia bank ank and unit threw down don a few thousand dollars dolar to get et rid of It I. I without tho the formality o of leaving lea his name or of noW amy ing t tot of ot the bank ban that he hp HP was afterward I 11 ble blo to remember wh where r. r h hf hc- had let ef but in the tho midst of the tue w a finally came to hint him the bank u uway way found him out t O and rejuvenated ll J to the tune tun of Ml But there were foi fortunes fort tunes lost n a was FrEquent Frequently one of the bigL barrel tanks cd ed d a few years ears w be fired fred by lightning entire contents destroyed destroYEd Not Net and dudy nY but tho the burning oil 01 would r over ocr and run a a liquid torn oss aelS the time country destroying Its is paUL path and not lint improbably firing other Oilier well wel In iii its Is passage or mos mos blo of or all al the thc JI big tank tanJ would burst a great ea t boiling boing lake lale go the time valley to the time nearest river tle time fall fail fal like an avenging demon lemon upon all al floated upon the waters water's surta surface o of 0 1 near its is banks On one ono such occasion a boa la 1 it with oil 01 was thus flu fired fred and burl lines drifted Into the time stream wh soon united Its Is own liquid with original cause of the th ml mis i M 1 dring with Ith the current lapped up 01 boats below a and finally burned n ai A at Franklin l I Thousands un of barrels 0 oi i were lost by fire fre upon the pipe line d days s as well as by lou forest i that depended for much of h ln h f ness upon the oil spray with t which U underbrush r was saturated r At a i a whole r ip oil oi f 1 swept sept clean cean one ono entire entre town buries time the ground with the hh exception of a at house 8 ous hat hardware S l' l 1 T turn turned 1 in an hour to c heaps of worth north Junk and acres of ot derricks w were re Many Ian cables and strings of it ing tools were a saved by dropping dropping id iding t 1 Into ito partly party finished wells i Andrew Carnegie tells a good stor sto himself and some somo fellow Investors Investor hadn't must faith in the tile the oil 01 fields They bought an oi oil r farm tarm fan for tor and burn hurr constructed a pond capable of hole holi barrels bards which they timey planned to with wih oil oi and hold for the time higher in lr which they would prevail pre ai a the time last of the lie supply was in Their pond leaked but they to replenish it with Ih dally daily P na s. s several severah v thousands u of barrels I had 1 1 wasted The fields felds did not exhaust quickly as a the patience of the pa par did but t time the farm them lie market jk pt prices e ro i in lo one year yea r their stocks sold on the time market markett f valuation basis 1 By the dumping of the lie 2000 lips well wel upon an unde undeveloped roam ma Iset 1861 and of ot the tile larl barr i Fun lunk short time afterward pubes wem- wem that tIle the storage barrel was wa wasten ten times Umes as much as the lime oil 01 It U on Because of this these two great giat Jat we well wel as many lesser Jesser my Ws Us wet were were pI pento pen to flow fow undisturbed Oil Oh erect cre months The he year following one barrels barr ls of muni um wi w a 1 pi-edi pi Plod of 01 which one half it fully was to waste on elm account of low pi ice Then markets to reco recover new now wells weJa to increase cease ase in iii numbers of the time adventurous producers producer the arm army and going to i t ic e frn front the end of f the year ii- ii tp u pr p t e haill hadI halt from around 10 cents to J jO 0 0 11 nib alba with the Pittsburg Pitsburg market lirett cleaned cleanest up tip Then a band of gathered up all tie the oil 01 barrels tob I for fOl or love or money and with WUI a afew few tank hosts boats lana managed pd to fleet feet at Oil Oi CI City in th they had S 5 barrels Ty thy December oil oh 01 wui- wui n 1 rh ny J G ln D F burg and w a i nad to the time fleet feet with Ith time the m II u e o of th the rl but tho tile river froze o 0 i r In itu 11 a nish a gorge gorse form formed d in lii Oil 01 l i a i e r above abo o c and held b by b. a thread 0 Ier Ie iC r regul regular ular flood foo Ump time fir het C the i. S F Th The he rest was onh onla a matter mater 9 of PI t Whets When time the pressure rr b bi-ame bi came moved down upon hi lower riVera hI twenty mile I current n b hind I dr It g- g gI Its 13 great gret wel weight ht against the river Ie lea latter went 1 to pl piece l and lie th oil HU quickly followed suit suh One On more mon a of at something like 7 Was WiS S over ver the time surface of or tub petroleum tUf Lured str stream am and a a. H ar iCily fully laid ralto ran ral to lly out quick I torture fortune was wal wiped enc inc almost In a Bookkeeper |