Cleveland daily leader. [volume] ([Cleveland, Ohio]) 1865-1873, 1865-10-26

The Messrs. Prather and Duncan pur=
chased the farm about the time oil was
found upon 1t for twenty-five thousand
dollars, and recently sold it to Messrs.
Wright and Chittenden, of Chicago, for
one and a half millions. Its present yield
of oil is worth about forty thousand dol
lars per day, giving an annual income of
over fourteen millions, should the fountain
hold out. Time alone will settle the i'm
portant question. That they are likely to
more than get their money back, and
quickly, too, is shown by the fact that no.
less than one hundred and twelve wells are
either flowing, pumping, being tested, or
being put down, at this time, on the Holm
den Farm, There are yielding wells and
borings going on upon three or four ada
cent farms. Two, expected to be flowing,
are reported struck on the Morey to-day.
On the Rocker Farm one we'll flows 700
barrels a day, another 800, and two others
200 each. The Pithole wells are generally
about 700 feetin depth, the oil lighter than
that of Oil Creek, being rated As, and sells
for about six dollars a barrel at the tanks.
1t costs three dollars d barrel to get it
hauled to the Oil Creek railroad, some six
or seven miles. Teams make one tripa day
with loads of five barrels each.
To cheaper and facilitate the transit of
the fast accommodating stores of Pithole has
taxed ingenuity and enterprise. Two iron
pipes have Just been laid connecting the
oil tanks with railroad and water convey
ance, and are in successful operation.
The first, in which Messrs. Charles Hea-
cox and g. w. Noble, of Cleveland, are
Interested, leads straight over the hills
from the Holmden Farm to the Miller
Farm, a distance of six miles. The pipe
is two inch bore, made of wrought
iron welded, screwed at the Joints,
and now lies above the surface
An engine forces the oil out of Pithole
valley, and two stationary engines on the
line overcome other elevations and deliver
the oil at the rate of two thousand barrels
a day at the Oil Creek railroad station.
There is no waste of oil by leakage, though
it took some two hundred and fifty barrels
to grease the pipe. 1t is to be put under
ground before winter. Cost of the enter
prise some $40, 900, and it bids fair to be a
rich source of revenue. Another pipe Of
he same size has been laid from the Rock
er Farm to McCrea's Landing, on the Al
River. EfrH- r.esI Ton.
But the great pipe of Pithole is now be-
ing laid down the Creek to Oleopolis at
It's confluence with the Allegheny. The
originated with T. G. Bates, of
Rochester, N. Y, and is being carried out
by the Pennsylvania Tubing Transporta-
ion Company, of which Hon. Joseph
Casey, of Washington, Chief Justice of the
Court of Claims, is President. The pipe is
tx inch cast iron, is laid at a minimum
lepth of two and a half feet below the
urface, with a continuous down grade
he fall of the pipe being about ffty-ive
eet to the mile, or three hundred and
hirty feet from the wells to the mouth of
he creek. Its capacity is estimated at
rom six to ten thousand barrels a day. Of
is advantages the protector says: at
viii eat no oats, burn no fuel, and be run
y an immutable law of the Creator"
About two-thirds the distance is laid, I
nd if the tube don't leak it will be a "big :
hing Iron tanks are being erected ut
eighty feet in diameter :