The Cleveland leader. [volume] (Cleveland [Ohio]) 1865-1865, 1865-06-30
IOorrespondsnce on OItI RerllLer.l

Correspondence OIL City Register.l
PLUNERs PA, June 19, 1865.
AT about ter O'Clock this morning a
dense cloud Of smoke was observed rising
to the northeast Of this Overwhelmingly
growing larger every minute The first
sentence on the lips Of eVery-beholder was;
'The United States well is on fire. It was
known thst q large amount of oil, amount
ing TO nearly twenty thousand barrels, was.
in the tanks, and that within q very unsafe
distance were two wells, the one producing
oil with 5 large amount of Cos, and
the other expecting to be started this
morning. The air was so thoroughly
i~mpregnated with gas it was thought that
sparks from the engines of one of the wells
might have ignited If, and the flames COM
mnnicsted to the United States. The con-.
sternation during the suspense was. great,
especially among stock dealers. The tsle-
graph Offices were crowded by the ANXIOUS,
and dispatches went oYer the wires to Wall
Street, Sell my United States stock at any
price; the we'll is on fire" "If you have
not purchased the hundred shares ordered
Saturday, do not purchase until further
orders; if you have bought let it slide for
what you can get,n &c. The excitement
was not abAted when gslloping horsemen
came over the hill, announcing that the
well was reallyburning, and they had them
selves seen the tanks bursting and the
flames raging. Then came news that only
two tanks had bursted, and that the oil
was on fire half q mile below the we'll,
but making rapid strides up the creek
01ha. uDnNbA Won uTafahaH# nu1,u.lv-u-
was observed to grow thinner. Soon an
agent of the u. s.. Co. rides up and an
nouuces that the fire is stopped and the
greAt wolI is cut of danger. Nervous
stockholders who had just set Wall
Street in a furry by their dispatches,
take new courage, and on the strength
of a belief in a panic at the
Morning Petroleum Board, Telegraph this
time "buy up all you can get at such and
such figures. The panic was great and of
short duration. The New YORK Petroleum
Board must have been slightly confused by
these spasmodie dispatches.
The two tanks under cover on the south
were the ones which burst, the bursting Of
one being Immediately followed by a SINH
lar action on the part of the second. The
two tanks contained about TWENTY
eight hundred barrels Of oil, which
went like an avalanche down
the creek. About a half mile below it was
discovered on fire; probably the work Of
some mischievous wretch, reckless of the
danger TO human life as we'll as to property,
and for a time the well was thought TO b
in danger. Teamsters abont the we'll drove
of post haste-Bull Run was no Compare
son to this ~skedaddling. Dams we're built
ahdtrenches dug, and the ~devOuring ele-
mont died Of STRAIGHTFORWARD strkngula-
lion.
The new we'll struck On Saturday last,
about eight rods below the United States, is
flowing from one 70 two hundred barrels
per day, and fast increasing. 1t is CIT feet
deep, two feet deeper than the United States.
1t is on the Holmden farm, and the work.
ing interest is owned BY Fink u Co, parties
previously operating on the Story farm,
on Oil Creek. Another we'll q few rods
below, Is just about TO be tested. The in-i
dicstiODs' are Of the best character. rl.
r All the leases on the Holmden Farm,
as we'll as on the Blackmsr Farm below,
have been sold at large bonuses by the u.
s.. Co. From FIVE to ten Thousand dollars
Is being offered for the leases between the
United States and Homestead wells. The
sgenis for the sale of leases belonging &
the u. s. Co., are AessEs. Rushing & Val
entine, Surveyors and Engineers, at
Plumer. They have received from the
company, from bonuses on the Holmden
Farm alone, over one hundred thousand
dellsrs. The company have cause 70 con-
~gratulste themselves upon their selection
of so courteous and efficient agents.
A new banking house is TO be opened
July LIST at Pit Hole City by hessrs. Pra-
ther, Wordsworth 6 Co. The telegraph
lines are being extended there. Hotels,
office buildings, are being erected with as.
ff0FP bhifSffng TT5fgjt have been sold" ID 1dfHG Il:
ready Pit Hole City is an accomplished
fact. The U. S. Company have removed
their Office to this place, from Plumer.-,
Messrs. Duncan and Prather must be
themselves amazed at the success of their
enterprise. 1t is doubtful if any one aver
built q Hcity " in q shorter time han they.
The United States Hotel accommodates
nearly n hundred and fly guests daily.
In q few months, when the contemplated
railroad shall have been built from Titus
vile to Pit Hole, there is every reason TO
believe that Pit Hole City will be scarcely
excslled in size and importance by either
Of the great towns which are now the
gates to the great oil region of PennsylvR-
MIA. ~ 81. -. HARL.