page_title: Daniel Bushnell
section_title: Career
hierarchical_section_title: Daniel Bushnell / Career
caption_attribution_description: English: Daniel Bushnell's business partner Captain Jacob Jay Vanderbilt (1827-1899)
context_page_description: Daniel Bushnell was an American industrialist and one of the original shareholders of the Standard Oil Company.
context_section_description: In 1839, Daniel Bushnell entered the coal business in Pennsylvania, shipping coal from remote areas up the Monongahela River to population centers downstream. Previously, traders had thought that the cost in coal of using a steamboat to bring coal to ports down the Ohio river would exceed the amount of coal that a steamboat could deliver. In June 1845, however, Bushnell showed that towing coal down the Ohio was actually quite profitable, delivering 2,000 bushels of coal to Cincinnati on his tugboat, the "Walter Forward." In 1851 Bushnell built another towboat, the "Black Diamond," which was used to ship even more coal from the Pennsylvania mines to ports along the region's rivers. Bushnell hired the Captain J.J Vandergrift to captain his steamboats, and soon the two men were shipping coal as far as New Orleans. Bushnell's innovation brought about a boom in the Pennsylvania coal business, spurring growth in Pittsburgh and the surrounding towns. Bushnell also owned and operated a number of coal mines of his own, including the Hodgson Mine (opened 1843) and the Bushnell mine (opened 1840), both outside of Pittsburgh. In 1861 Bushnell left the coal business and began trading oil along the Allegheny River. Working with his sons Joseph, Thomas, John and Robert, as well as his old colleague Captain Vandergrift, Bushnell and his partners made a fortune by buying oil at the Venango oil wells and shipping it down the Allegheny River to Pittsburgh. The Bushnell family's oil operations were soon bought out by John D. Rockefeller's growing oil company in exchange for shares in Rockefeller's firm. As a result, Bushnell became one of the 37 original Standard Oil shareholders, owning 97 shares in 1878 (compared to Rockefeller's nearly 9,000). Daniel Bushnell died in Pittsburgh on July 12, 1891, leaving his large fortune to his seven surviving children.
caption: Daniel Bushnell's business partner, Captain Jacob Jay Vandergrift (1827–1899)
exif: {"Image Orientation": "Horizontal (normal)", "Image XResolution": "72", "Image YResolution": "72", "Image ResolutionUnit": "Pixels/Inch", "Image Software": "Adobe Photoshop CS Macintosh", "Image DateTime": "2007:03:28 15:43:19", "Image ExifOffset": "164", "Thumbnail Compression": "JPEG (old-style)", "Thumbnail XResolution": "72", "Thumbnail YResolution": "72", "Thumbnail ResolutionUnit": "Pixels/Inch", "Thumbnail JPEGInterchangeFormat": "302", "Thumbnail JPEGInterchangeFormatLength": "4064", "EXIF ColorSpace": "Uncalibrated", "EXIF ExifImageWidth": "500", "EXIF ExifImageLength": "867"}