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144:, retired President of Mackintosh, Hemphill & Co. a Pittsburgh rolling mill manufacturer who was elected vice president, general manager and J. M. Weaver, who was elected treasurer. A drilling lease was obtained on the Willie Cry Ponca Indian allotment and on June 11, 1911 the well "Willy-Cries-For-War" struck oil, bringing wealth to the company and its investors. The company's 1911 oil discovery in North Eastern Oklahoma opened up oil development in a great region from Eastern Oklahoma west to Mervine, Newkirk, Blackwell, Billings and Garber and led to the founding of the
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without a competitive bid (an egregious violation of his fiduciary duties) and had paid for the properties with his personal unsecured note. In 1927, the
Executor Harrison Nesbit (President of the Pittsburgh Bank, board member of the Cleveland Fed, and Westing House Electric and Weirton Steel) requested that the Pennsylvania Orphans Court approve Wentz’s paying an additional $ 1.8 million for McCaskey’s 1/3 ownership for these properties, which was easy for him to do, since by 1927 the properties were producing $ 1.0 million per month.
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The remarkable achievements of McCaskey were compressed into the short span of forty-nine years, for he died in
Pittsburgh, January 12, 1924, leaving five orphaned children, only a few years after his wife (Mary Florence Ashford) died, July 11, 1921, in an automobile accident while motoring to their
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In 1927 the
Pennsylvania Orphans Court removed Wentz as trustee of the J. G. McCaskey Trust that benefited McCaskey's five orphaned children. The court had discovered that since the trust could not fund the oil properties’ development, Wentz had purchased the oil and gas properties from the estate
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brand) and New York (the Seneca Kraut and
Pickling Company). Controlling two-thirds of the U.S. market for this product, it was the largest in America. It was from this base that he chose to engage in the new oil business on a large scale, founding a number of oil companies in Oklahoma and Texas.
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founded by
Marland to explore for Oklahoma oil. By 1910 however, the company was on the verge of failure having run out of money and only having found natural gas. McCaskey reorganized the company, was elected president and associating his activities with Pittsburgh capital he raised funds from
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arranged for a contract with the farmers of
Dutchess County, New York, giving McCaskey an option for the annual cabbage crop. From this he had built an extensive commercial enterprise, owning a large number of factories making sauerkraut in Ohio, Pennsylvania (the
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In
November 1916, in exchange for cash and company stock, McCaskey sold his interests to the Marland Refining Company (later Incorporated in Delaware, January 3, 1921 as the Marland Oil Company, trading on the New York Stock Exchange. The company was renamed the
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under the McCaskey/Wentz
Corporation (later the Wentz Corporation). From its start the company prospered and brought wealth to both McCaskey and Wentz. Leaving Wentz in charge of the Ponca City operations McCaskey moved his family to
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Field, one of the best known oil fields of its day, producing income of over one million dollars per month in the 1920s. During this time he also formed and was president of a number of companies in the area including the
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on July 3, 1874, was an essential factor in opening up the oil fields of
Oklahoma and Texas. By his early 30s McCaskey was President of The National Sauerkraut Association, had become a self made
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summer home on Lake Erie. This ended her extensive philanthropic activities in Fort Worth to include active membership on the board of All Saints
Hospital of Fort Worth (since 2001 the
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American Biography a New Cyclopedia, Volume LXV. Published under the direction of The American Historical Society, Inc. New York. 1931. pg. 126 and 127.
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McCaskey quickly moved on to other opportunities, organizing the Southwestern Oil Company with leases in Ranger, Texas and took into this new venture
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acquiring a home that had been deserted by the German Consulate at the beginning of World War I, 1316 Pennsylvania Avenue; later the clubhouse for
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337:"E. W. Marland: Life and Death of an Oil Man", John Joseph Mathews, Pg. 80. (Norman: University of Oklahoma Press, (1985):
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Offering Bill for the 101 Ranch Oil Company. 1908: Held by the CONOCO Museum, Ponka City, Oklahoma.
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414:"The 101 Ranch", Ellsworth Collings, University of Oklahoma Press; Reprint edition (March 1986)
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397:"Kay County Oklahoma", Published by Kay County Gas Co. Ponca City, OK. 1919. pp. 38–43.
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Court Record: Pennsylvania Orphans Court, Allegheny County, Pittsburgh, Pennsylvania.
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425:"CONOCO The First One Hundred Years", CONOCO, Dell Publishing Company (1975)
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https://www.newspapers.com/clip/4254738/pittsburgh-daily-post/Orphan’sCourt
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and won for himself the cognomen of "the Sauerkraut King" after his friend
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History of E. W. Marland, Willie-Cries-For-War, W. F. McFadden, Lew Wentz
187:"Willie-Cries-For-War" : The First 101 Ranch Oil Company oil well
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1916 News clip from Blackwell Daily @head of 101 Ranch Oil Company
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1921 Pittsburgh Dispatch appreciation of McCaskey's philanthropy
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His initial oil venture started with a young manhood friend,
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196:on June 26, 1929). He then associated himself with
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89:(July 3, 1874 – January 12, 1924) was an American
448:Louis Haines Wentz biography article Tulsa World
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292:101 Ranch Oil Company celebration dinner @1915
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256:Marland and McCaskey photo, Pittsburgh 1906
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224:Baylor All Saints Hospital of Fort Worth
380:Moody’s Industrial Manual 1960. Pg 249.
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371:The Pittsburgh Dispatch, 1913. Page 1.
228:Trinity Episcopal Church of Fort Worth
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268:101 Ranch Oil Company Stock Offering
409:https://news.google.com/newspapers
217:Death and philanthropic activities
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234:The John G. McCaskey Trust, 1924
466:History of Marland Oil Company
207:The Woman's Club of Fort Worth
80:Mary Florence Ashford McCaskey
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101:John Gruard McCaskey born in
32:John Gruard McCaskey in 1917
163:, Billings, Graber and the
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211:Pittsburgh Stock Exchange
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280:Tonkowa Field Developers
103:Pittsburgh, Pennsylvania
70:Pittsburgh, Pennsylvania
52:Pittsburgh, Pennsylvania
194:Continental Oil Company
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179:Ventures in Fort Worth
173:Kay County Gas Company
454:History of EW Marland
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133:101 Ranch Oil Company
123:Oil business ventures
87:John Gruard McCaskey
20:John Gruard McCaskey
146:Marland Oil Company
459:2006-08-20 at the
198:Lewis Haines Wentz
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157:Lewis Haines Wentz
431:978-0-04-404809-1
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64:(1924-01-12)
48:July 3, 1874
511:1924 deaths
506:1874 births
476:Three Sands
168:Three Sands
107:millionaire
500:Categories
404:judgement}
322:References
203:Fort Worth
137:Ponca City
97:Early life
44:1874-07-03
481:judgement
471:101 Ranch
161:Blackwell
116:SnowFloss
457:Archived
165:Tonkawa
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243:Images
150:Conoco
77:Spouse
450:(PDF)
427:ISBN
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59:Died
38:Born
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