The Legend Of Coal Oil Johnny

Download or read book The Legend of Coal Oil Johnny written by Richard W. Aites and published by iUniverse. This book was released on 2007-06 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: John W. Steele was raised on a farm in the serene Allegheny Mountains in NW PA. The poor farm boy spent his days doing chores, exploring the surrounding hills and fishing the numerous streams that meandered through the secluded little valleys. In 1859 a yankee named Edwin Drake, drilled the first successful oil well in Titusville, PA. With his success, an influx of oil prospectors, business tycoons and laborers swarmed the area. After the tragic death of Johnny's Aunt Sally, young Steele inherited the farm and a fortune in royalties from oil leases. He later became known as one of the biggest spendthrifts in American history and went from multi-millionaire to bankrupt in a matter of months. Johnny would later recover from his financial hardfall and become one of the greatest legends of his time.