Newspapers / The Pinehurst Outlook (Pinehurst, … / Dec. 24, 1897, edition 1 / Page 8
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g THE PINEHURST OUTLOOK. wtfw (dlmM HMvfflg mBBBBOm 'rrl- PWwhSS- pfflT ' &feiP -U" siP -fiOTSsasw-. asSSiTM SZ I U- - --w i ' FURNISHED HOUSES FOR RENT. A few Furnished Houses remain unrented in Pinehurst. Desirable parties, giving satisfactory references, can secure these homes at reasonable rates. There are also Suites for Light Housekeeping and Single Rooms for those who obtain table board at the Pinehurst Casino. For the security of both invalids and pleasure seekers, cases of pronounced Consumption will under no circumstances be allowed admission. Address for Illustrated and Descriptive Circulars, and for other information, CHARLES D, BENBOW, Superintendent, Pinehurst, N. C P - THEY STRUCK OIL. The Illstory of the Petroleum Industry In the United States Heads Like a Romance. Of all the romantic stories of creating wealth out of the raw products of the earth and of building up industries that are almost imperial in their power for good or evil the petroleum industry is not surpassed, if equaled, in the history of the United States. The great oilfields have been the scene of many shifting romances and tragedies, and not even the El Dorado of the Pacific coast in 1849 created more excitement than men witnessed in Penn sylvania when boring for oil was first started. The discovery of gold in Cali fornia did not establish a permanent in dustry on the Pacific coast, but the un locking of the wells of oil in Pennsylvania was the beginning of a business that has continued to swell in proportions even down to the present. No other industry in America surpasses that of oil produc tion and distribution. The oilfields have naturally been exhausted in places nnd prices have como down from what they were in the fifties and sixties but the gigantic concern which has largely con trolled the business for the past decade not long ago declared a quarterly dividend of 10 per cent, and this meant a distribution among the stockholders of $10,000,000 or more. The first oil well was drilled near Titus ville in 1859, and in July, I860, the total output of tho wells on Oil creek, in Pcnn sy Ivan in, amounted to 200 barrels a day, but in one year from that tho regular sup ply was estimated at from 6,000 to 7,000 barrels per day And the excitement was not at its height then ! Peopjo wero flock ing to the oilfields in ever increasing num bers Fanners who had thought them selves poor with a few hundred acres of barren soil in their possession suddenly found themselves on the royal highway to fortune A few sold out their possessions at fabulous prices, but the majority were more anxious to bore for the oil themselves. The production increased so rapidly that the price of illuminating oil quickly drop ped 'to a pdint v7iicre every one could alTord to use it for lighting purposes. In 1874 the yield amounted to 6,500,000 barrels, but even this was a mere bagatelle to what was coming In 1890 there were ex ported 664,491,498 gallons and an enor mous quantity was used at home. Hugo fortunes were naturally realized by some of tho men engaged in the enter prise No Much opportunities for money making had been presented before There were five men in particular who, living near tho oil region saw great monetary possibilities in the awakening industry. They were comparatively poor, but they were shrewd and progressive enough to invest their small capital and their large brains in tho petroleum business. They were early in tho field and worked up with the industry In time they formed the Standard Oil company, which developed into tho most gigantic concern that ever sought to control an industry in any coun try of tho world, and today the organizers of that company represent in the aggregate a fortune of about $600,000,000. George E. Walsh in Cassier's Magazine For October. TALES OF THE TURF. Cadet, 2:12J4, is owned by Mr. Georgo A. Singerly of Philadelphia. George A. Bain has been engaged to conduct the W. R. Brasfield sale. Mr. M. Adler of Baltimore is the new owner of tho pacer Corbett, 2:14. It is said $40,000 will be appropriated for prizes for the coming Chicago horse 6how. Gold Foil, a pacer by Gold Leaf, out of Belle Oton, by Sultan, has taken a record of 2:22. The stallion Advance, 2 :22, by Onward, has passed to Mr. James Merrick, Sud dlersvillo, Pa. Patchen Boy, 2:13, is a black 3-year-old colt by Wilkes Boy, out of Lady Clay, by Metropolitan. At Berea, O., Elyrietta, a bay mare by Elyria, won the 2 :35 pace recently, taking a record of 2:24. Pat, that recently fought out a seven heat race at Blenheim, Ont., lowering his record to 2:24K is by Patron. In a recent effort to beat 2:30 at Lex ington, Ky., Amber Glint, a bay horse by Egotist, took a record of 2:28. Virginia Fox, a bay mare by Baron Wilkes, out of a mare by Mambrino Rus sell, took a record of 2:18J at Clinton, Mass., in a winning race. The bay gelding Sixteen, by Cassidy, out of a mare by King Rene, won tho 2 :40 class for trotters at Baltimore in straight heats, taking a record of 2:20. Eckstein looks liko another sensation for Axtell. He is a 4-year-old colt, and a few days ago he defeated a field of 14 horses at Indianapolis, taking a record of 2:1(514. Baron Wilkes is tho sire of the greatest money winners of tho year. Four of his get Oakland Baron, Bumps, Baron Rog ers and Grand Baron have won nearly $14,000. The gray stallion Exploit, by Clay, th::t took a trotting record last year of 2:1934, won the 2:35 class lor pacers at Aliia ic, O., taking a record of 2:24 in tho lLtl heat. Turf, Field and Farm. Extra Sensationalism. The only instance encountered (out of Chicago) of moral restraint in a typical newspaper business man, except where the talk was obviously for publication, was in a New York circulation manager He was lauding sensationalism to an ex treme when a protest checked him "Of course," said he, "when 1 speak of sensationalism I don't mean extra sensa tionalism ' "Extra sensationalism? What do you mean by that?' "I'll give you an example One day as I was looking over tho 'cases' I saw an article that told how to crack a safe 1 kicked to the proprietor about it, and ho killed it That article would have a tend ency to teach something immoral, and I call that extra sensationalism " J Lin coln Sten"ens in October Scribner's rue Most Cosily Jb'ruits. Hothouse grapes are the costliest of fruits. They are never less than 75 cents a pound, and when they are most costly, in February and March, they sell for $9 a pound, sometimes going as high as $10 a pound. At prices ranging up to $2 a pound there is a ready sale for them At tho higher prices they are sold almost exclusively for the use of in valids There is a sale for all that are produced, Lut the production is great, and the vines may die irom exhaustion after a single season of forcing. The next most costly fruit is the hot house peach. Hothouse peaches sell in February at $2. 50 each. They are used mainly by invalids, but such peaches are also often sold for gifts. They are presented as flowers or as bonbons would be. Three or four peaches are packed in cotton and set off with a few peach leaves in a handsome box. Hothouse peaches run down to about 60 cents each in April and May, when we begin to get the first of the peaches from tho south. New York Sun. An Explanatory Hint. "Why," asked Pat as he came hic coughing into the Quippery, "is the humLle goat always held up as the sim ile for intoxication for instance, 'full as a goat?' " "1 cannot guess," answered Tim, "unless" and he paused meditatively and looked at Pat as if he expected an invitation "unless it is because he is always ready to throw a horn into any body. " Pittsburg News. All animals, domestic ones included, become restless before a storm. Cats and dogs scratch and move about, while their fur looks less bright and glossy than usual It is always a sure sign of lain when horses and cattle scratct thisir necks and sniff the air.
The Pinehurst Outlook (Pinehurst, N.C.)
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Dec. 24, 1897, edition 1
8
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