Harper's New Monthly Magazine Volume 34 December 1886 to May 1887 . ge of fifty cents. Doubt and distrust that preceded Drakessuccessful venture suddenly fied beforethe common conviction that an oil wellwas the open sesame to wealth. Landwhich hitherto had been valued only forits timber increased in price a hundredor a thousand fold. Every farmer nowthought he had found an Aladdins lamptilled to the brim with kerosene. Thedreary solitudes which had been brokenonly by the woodmans axe now resound-ed with the busy notes of preparation for adive into natures great grab-bag. In thebeginning develo
Harper's New Monthly Magazine Volume 34 December 1886 to May 1887 . ge of fifty cents. Doubt and distrust that preceded Drakessuccessful venture suddenly fied beforethe common conviction that an oil wellwas the open sesame to wealth. Landwhich hitherto had been valued only forits timber increased in price a hundredor a thousand fold. Every farmer nowthought he had found an Aladdins lamptilled to the brim with kerosene. Thedreary solitudes which had been brokenonly by the woodmans axe now resound-ed with the busy notes of preparation for adive into natures great grab-bag. In thebeginning developments proceeded slowly,as the means of transportation were de-fective, and everything had to be carriedinto the wilderness. By June, 1860, thedaily production was estimated to be twohundred barrels. On the 15th of May,1861, a report was made that 135 w^ells wereproducing 1288 barrels. In this month theFunk well, at a depth of 460 feet, encoun-tered the third sand, from which stra-tum the bulk of oil has since been obtained,though usually at a much greater THE DRAKE WELL. 238
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