FREE BOOKS

Author's List




PREV.   NEXT  
|<   13   14   15   16   17   18   19   20   21   22   23   24   25   26   27   28   29   30   31   32   33   34   35   36   37  
38   39   40   41   42   43   44   45   46   47   48   49   50   51   52   53   54   55   56   57   58   59   60   61   62   >>   >|  
nd engine-buildings, each representing a distinct well, with a name of its own,--as the Hyena, the Little Giant, the Phoenix, the Sca'at Cat, the Little Mac, the Wild Rabbit, the Grant, Burnside, and Sheridan, with several hundred more. The flats themselves are generally known as Farms, with the names of the original proprietors still prefixed,--as the Widow McClintock Farm, Story Farm, Tarr Farm, and the rest. Few of these god-parents of the soil are at present to be found upon it: many of them in the beginning of the oil speculation having sold out at moderate prices to shrewd adventurers, who made themselves rich men before the dispossessed Rip Van Winkles awoke to a consciousness of what was going on about them. Some, more fortunate or more far-sighted, still hold possession of the land, but enjoy their enormous incomes in the cities and places of fashionable resort, where their manners and habits introduce a refreshing element of novelty. Few proprietors can be persuaded to sell the golden goose outright; and the most usual course is for the individual or company intending to sink a well to buy what is called a working interest in the soil, the owner retaining a land interest or royalty, through which he claims half the proceeds of the well, while the lessee may, after months of expense and labor, abandon the enterprise with only his labor for his pains. These failures are also a great source of annoyance to the proprietors: for many of these abandoned wells require only capital to render them available; but the finances of the first speculator being exhausted, no new one will risk his money in them, while the old lease would interfere with his right to the proceeds. Even the land for building purposes is only leased, with the proviso that the tenant must move, not only himself, but his house, whenever the landlord sees fit to explore his cellar or flower-garden for oil. A land interest obtained, the precise spot for breaking ground is selected somewhat by experience, but more by chance,--all "oil territory" being expected to yield oil, if properly sought. An engine-house and derrick are next put up, the latter of timber in the modern wells, but in the older ones simply of slender saplings, sometimes still rooted in the earth. A steam-engine is next set up, and the boring commences. By means of a spile-driver, an iron pipe, sharp at the lower edge and about six inches in diameter, is driven down until it
PREV.   NEXT  
|<   13   14   15   16   17   18   19   20   21   22   23   24   25   26   27   28   29   30   31   32   33   34   35   36   37  
38   39   40   41   42   43   44   45   46   47   48   49   50   51   52   53   54   55   56   57   58   59   60   61   62   >>   >|  



Top keywords:

engine

 
interest
 

proprietors

 
proceeds
 

Little

 

speculator

 
exhausted
 

leased

 

proviso

 

purposes


building

 
finances
 

interfere

 

inches

 

diameter

 

failures

 

enterprise

 
driven
 

expense

 

abandon


capital

 

render

 

require

 

source

 

annoyance

 
abandoned
 
tenant
 

rooted

 
boring
 

chance


territory
 

expected

 

properly

 

modern

 
simply
 

slender

 

sought

 

saplings

 
derrick
 

experience


months

 
landlord
 

timber

 

driver

 

explore

 
cellar
 

breaking

 
ground
 

selected

 

precise