George Bissell (industrialist)
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George Bissell (industrialist)
George Henry Bissell (November 8, 1821 – November 19, 1884) was an entrepreneur and industrialist who is often considered the father of the American oil industry. His company, the Pennsylvania Rock Oil, was the first Petroleum company in America. His businesses included oil companies, banks, railroads, and substantial real estate in New York. At his death in 1884, his son Pelham would inherit his fortune, making him among the richest men in the United States. Early life and education Bissell was born in Hanover, New Hampshire, the son of Nancy (Wemple) and Isaac Bissell. His father was a fur trader in Detroit and a Revolutionary war soldier, while his mother was a daughter of John Wemple, a Revolutionary war Captain. He had as relatives Governor Clark Bissell and Governor William Henry Bissell. George Bissell's father died when he was twelve years old. For his education, George Bissell attended Dartmouth College, paying his way by teaching and writing newspaper articles. He ...
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Hanover, New Hampshire
Hanover is a town located along the Connecticut River in Grafton County, New Hampshire, United States. As of the 2020 census, its population was 11,870. The town is home to the Ivy League university Dartmouth College, the U.S. Army Corps of Engineers Cold Regions Research and Engineering Laboratory, and Hanover High School. The Appalachian Trail crosses the town, connecting with a number of trails and nature preserves. Most of the population resides in the Hanover census-designated place (CDP)—the main village of the town. Located at the junctions of New Hampshire routes 10, 10A, and 120, the Hanover CDP recorded a population of 9,078 people at the 2020 census. The town also contains the smaller villages of Etna and Hanover Center. History Hanover was chartered by Governor Benning Wentworth on July 4, 1761, and in 1765–1766 its first European inhabitants arrived, the majority from Connecticut. Although the surface is uneven, the town developed into an agricultural co ...
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Kerosene
Kerosene, paraffin, or lamp oil is a combustible hydrocarbon liquid which is derived from petroleum. It is widely used as a fuel in aviation as well as households. Its name derives from el, κηρός (''keros'') meaning "wax", and was registered as a trademark by Canadian geologist and inventor Abraham Gesner in 1854 before evolving into a generic trademark. It is sometimes spelled kerosine in scientific and industrial usage. The term kerosene is common in much of Argentina, Australia, Canada, India, New Zealand, Nigeria, and the United States, while the term paraffin (or a closely related variant) is used in Chile, eastern Africa, South Africa, Norway, and in the United Kingdom. The term lamp oil, or the equivalent in the local languages, is common in the majority of Asia and the Southeastern United States. Liquid paraffin (called mineral oil in the US) is a more viscous and highly refined product which is used as a laxative. Paraffin wax is a waxy solid extracted from pet ...
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Oil Exploration
Hydrocarbon exploration (or oil and gas exploration) is the search by petroleum geologists and geophysicists for deposits of hydrocarbons, particularly petroleum and natural gas, in the Earth using petroleum geology. Exploration methods Visible surface features such as oil seeps, natural gas seeps, pockmarks (underwater craters caused by escaping gas) provide basic evidence of hydrocarbon generation (be it shallow or deep in the Earth). However, most exploration depends on highly sophisticated technology to detect and determine the extent of these deposits using exploration geophysics. Areas thought to contain hydrocarbons are initially subjected to a gravity survey, magnetic survey, passive seismic or regional seismic reflection surveys to detect large-scale features of the sub-surface geology. Features of interest (known as ''leads'') are subjected to more detailed seismic surveys which work on the principle of the time it takes for reflected sound waves to travel th ...
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Financial Markets
A financial market is a market in which people trade financial securities and derivatives at low transaction costs. Some of the securities include stocks and bonds, raw materials and precious metals, which are known in the financial markets as commodities. The term "market" is sometimes used for what are more strictly ''exchanges'', organizations that facilitate the trade in financial securities, e.g., a stock exchange or commodity exchange. This may be a physical location (such as the New York Stock Exchange (NYSE), London Stock Exchange (LSE), JSE Limited (JSE), Bombay Stock Exchange (BSE) or an electronic system such as NASDAQ. Much trading of stocks takes place on an exchange; still, corporate actions (merger, spinoff) are outside an exchange, while any two companies or people, for whatever reason, may agree to sell the stock from the one to the other without using an exchange. Trading of currencies and bonds is largely on a bilateral basis, although some bonds trade o ...
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Andrew Carnegie
Andrew Carnegie (, ; November 25, 1835August 11, 1919) was a Scottish-American industrialist and philanthropist. Carnegie led the expansion of the American steel industry in the late 19th century and became one of the richest Americans in history. He became a leading philanthropist in the United States, Great Britain, and the British Empire. During the last 18 years of his life, he gave away around $350 million (roughly $ billion in ), almost 90 percent of his fortune, to charities, foundations and universities. His 1889 article proclaiming " The Gospel of Wealth" called on the rich to use their wealth to improve society, expressed support for progressive taxation and an estate tax, and stimulated a wave of philanthropy. Carnegie was born in Dunfermline, Scotland, and emigrated to Pittsburgh with his parents in 1848 at age 12. Carnegie started work as a telegrapher, and by the 1860s had investments in railroads, railroad sleeping cars, bridges, and oil derricks. H ...
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Jones And Laughlin Steel Company
The Jones and Laughlin Steel Corporation began as the American Iron Company, founded in 1852 by Bernard Lauth and Benjamin Franklin Jones, a few miles (c 4 km) south of Pittsburgh along the Monongahela River. Lauth's interest was bought in 1854 by James Laughlin. The first firm to bear the name of Jones and Laughlin was organized in 1861 and headquartered at Third & Ross in downtown Pittsburgh. History Originally producing only iron, the enterprise began the production of steel in 1886. Over the ensuing 60 years, the company expanded its facilities and its operations along both sides of the Monongahela River on the South Side of Pittsburgh and along the Ohio River at Aliquippa. The Hot Metal Bridge across the Monongahela River was built to connect Eliza blast furnaces (making pig iron) on the Hazelwood side of the river with the open hearth furnaces (making steel) on the south side of the river. In 1905, a new plant was begun at Aliquippa, Pennsylvania. The company als ...
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Oil Refining
An oil refinery or petroleum refinery is an industrial process plant where petroleum (crude oil) is transformed and refined into useful products such as gasoline (petrol), diesel fuel, asphalt base, fuel oils, heating oil, kerosene, liquefied petroleum gas and petroleum naphtha. Petrochemicals feedstock like ethylene and propylene can also be produced directly by cracking crude oil without the need of using refined products of crude oil such as naphtha. The crude oil feedstock has typically been processed by an oil production plant. There is usually an oil depot at or near an oil refinery for the storage of incoming crude oil feedstock as well as bulk liquid products. In 2020, the total capacity of global refineries for crude oil was about 101.2 million barrels per day. Oil refineries are typically large, sprawling industrial complexes with extensive piping running throughout, carrying streams of fluids between large chemical processing units, such as distillation columns. I ...
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Samuel Kier
Samuel Martin Kier (July 19, 1813 – October 6, 1874) was an American inventor and businessman who is credited with founding the American petroleum refining industry. He was the first person in the United States to refine crude oil into lamp oil. Kier has been dubbed the ''Grandfather of the American Oil Industry'' by historians. Background Early life Kier was born in Conemaugh Township, Indiana County, Pennsylvania near the town of Livermore. He was the son of Thomas Kier and Mary Martin Kier. The Kiers were Scots-Irish immigrants who owned several salt wells around Livermore and nearby Saltsburg. In addition to the salt business, Samuel helped found Kier, Royer and Co., in 1838. The company was a canal boat operation that shipped coal between Pittsburgh and Philadelphia. Kier also owned interest in several coal mines, a brickyard, and a pottery factory. He, along with several other investors including Benjamin Franklin Jones, founded several iron foundries ...
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Wall Street
Wall Street is an eight-block-long street in the Financial District of Lower Manhattan in New York City. It runs between Broadway in the west to South Street and the East River in the east. The term "Wall Street" has become a metonym for the financial markets of the United States as a whole, the American financial services industry, New York–based financial interests, or the Financial District itself. Anchored by Wall Street, New York has been described as the world's principal financial center. Wall Street was originally known in Dutch as "de Waalstraat" when it was part of New Amsterdam in the 17th century, though the origins of the name vary. An actual wall existed on the street from 1685 to 1699. During the 17th century, Wall Street was a slave trading marketplace and a securities trading site, and from the early eighteenth century (1703) the location of Federal Hall, New York's first city hall. In the early 19th century, both residences and businesses occupied the a ...
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14 Wall Street
Fourteen or 14 may refer to: * 14 (number), the natural number following 13 and preceding 15 * one of the years 14 BC, AD 14, 1914, 2014 Music * 14th (band), a British electronic music duo * ''14'' (David Garrett album), 2013 *''14'', an unreleased album by Charli XCX * "14" (song), 2007, from ''Courage'' by Paula Cole Other uses * ''Fourteen'' (film), a 2019 American film directed by Dan Sallitt * ''Fourteen'' (play), a 1919 play by Alice Gerstenberg * ''Fourteen'' (manga), a 1990 manga series by Kazuo Umezu * ''14'' (novel), a 2013 science fiction novel by Peter Clines * ''The 14'', a 1973 British drama film directed by David Hemmings * Fourteen, West Virginia, United States, an unincorporated community * Lot Fourteen, redevelopment site in Adelaide, South Australia, previously occupied by the Royal Adelaide Hospital * "The Fourteen", a nickname for NASA Astronaut Group 3 * Fourteen Words, a phrase used by white supremacists and Nazis See also * 1/4 (other) * Fo ...
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Harvard
Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher learning in the United States and one of the most prestigious and highly ranked universities in the world. The university is composed of ten academic faculties plus Harvard Radcliffe Institute. The Faculty of Arts and Sciences offers study in a wide range of undergraduate and graduate academic disciplines, and other faculties offer only graduate degrees, including professional degrees. Harvard has three main campuses: the Cambridge campus centered on Harvard Yard; an adjoining campus immediately across Charles River in the Allston neighborhood of Boston; and the medical campus in Boston's Longwood Medical Area. Harvard's endowment is valued at $50.9 billion, making it the wealthiest academic institution in the world. Endowment inco ...
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Jonathan Greenleaf Eveleth
Jonathan Greenleaf Eveleth (May 8, 1821 – December 10, 1861) founded the first oil company in America with George Bissell in 1854. Partners in the Wall Street law firm of Eveleth & Bissell, the two formed the Pennsylvania Rock Oil Company with 5 other investors from New York, New Haven, and Titusville, Pennsylvania, to "raise, procure, manufacture, and sell Rock Oil." Eveleth was born in New Gloucester, Maine, on May 8, 1821, to James and Hannah Austin Eveleth. His father was a leather tanner and boot and shoe maker and a descendant of early colonial families of Massachusetts. He was a direct descendant of Joseph Eveleth, juror in the Salem Witch trial of John Proctor, and a second cousin of Theophilus Parsons, Chief Justice of the Supreme Judicial Court of Massachusetts. Eveleth married Mary Weeks of Bath, Maine, in 1852. He graduated from Bowdoin College in 1847 and Harvard Law School in 1854. He was Principal of the Liberal Institute (1848–1849) a college preparator ...
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