The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1881-07-15
IN THE OIL REGIONS.
{oil City Corr. Z. II. Capitoloan.l

tol1 WY SoAIs ~ Ahs S"k'Aec@oesA'1
Tho method of getting the oil is
somewhat after this fashion A der
rick in the letter v shape, fifty feet
high, is erected an engine Of fair
horse power set in operation n few feet
away from the derrick, and then
patent boring machine-Whicfl grad
ualiy and efiectually loses its way
through all obstacles is set in motion.
This borer is hollow and forces, as it
descends, tho grades of earth through
which it passes to tho top-so that the
operator can see what soil he is cutting
through: In oil drilling, at different
intervals, three layers of peculiar sand
are met with, the last at about "a depti,
Of one thousand feet aud this one is
supposed to be fonnd damp. Oil is
generally struck, If at all, in the third
sand.
During very pleasant interview
with Mr.. Williams, editor of t'The
Petroleum World" Mt Titusville, Pa,
your correspondent was enlightened in
many ways with regard TO the matters
herein set forth. AT present there is
an oil OyerproductiOn of fifteen hun
dred barrels per day. There is Il daily
production of seventy-five Thousand,
barrels per day.
In tho old districts, affairs are at low
ebb. The standard price is about
eighty cents per barrel. Ten years ago
it was five dollars. The result of such
4 tumble in prices, and the subsequent
fleeing of riches, IL shown in the pres
ent appearance of the cities of Titus
Vile and Oil City. Comparatively, no
cities of this Union ever saw such pros
porous times rs those two, during the
great oil excitement. Money was NO
Tho fa,fs rx,o mot hna # Of
Everything went at a high-pressure
rate. At that time Titusviiie boasted
two of the finest hotels in the country.
To-day their deserted halls echo the
marble floor-ringing footsteps ofan oc-
casionat traveller, and the silent walls,
within whose bounds, so n,ilcl, life at
times, has overfoamed, seem to mock
at the efforts of man to hastily grow
rich.
Empty houses on each side. There
famous banking establishments, now
a tailor shop, is the history OF one and
shows into what sad ways even high
rated commercial concerns, may in
their time, fall.
In contrast to the above named
places, is the condition of business and
social affairs at Bradford, this State,
one hundred miles north Of here, Il
dergoinga high pressure of excitement
of mushroom standing, and which
sooner or later will rcclinc into that
state of sober mindedness that ut last
has overcome the two famous Oil cen
tres Of Titusvillc and Oil City.
Yesterday, disnay was brought t.
the hearts of not Il few oil men, by i:
dispatch from Wellsville, Now York
to tho effect that i one hundred barrel
we'll had been struck there. This j.
entirely now region and promises tt
add considerable to the prtsseut over
production. Upon receipt OF tho abov.
intelligence at the Oil Exchange tho
rate dropped to rs cents with Il heavy
loss on margins to somebody.
For the past three years Il gigantic
monopoly, tho Standard Oil Company,
has fastened its grip on the small pro-
ducer, and with enormous capital at
its back, including the shipping cons
troll OF all the oil sent from these re-
gions, it has brought about the inevi-
table result of money against the
worker, in sending tho latter to the
wall. This company from q $l0O, 900
capital, now control $3O,OOO,OOO. 1t
would surprise your readers to learn
some OF this corporation's met ho(ls in the
way of gaining its point. They are
carrying, matters with 4 high hand
and all the subsidized newspapers in
the world cannot prevent the re action
which will surely, some day, set
against them.