Levi Haldeman is a representative of another class of our citizens than refiners, who have taken advantage of the petroleum enterprise, and are spending their money in building up the prosperity of the city, turning its energies into channels that cannot fail to give an impetus to all branches of trade, and aid in establishing our financial institutions on a basis of unrivalled strength, and who, at the same time, reap their reward by putting money into their own pockets. [Illustration: Respectfully + Truly, L. Haldeman] The subject of this sketch was born in Chester county, Pennsylvania, Dec. 14, 1809, received a good common school education, and removed with his father to Columbiana county, Ohio, in 1819. Until he was about twenty-five years of age he spent his time with his father on his farm, and in teaching school. He then commenced reading medicine with Drs. Robertson and Cary of that place; after which he attended lectures at Cincinnati, and was a private student of Drs. Gross and Parker--the former being now Professer in Jefferson College, Philadelphia, and the latter Professor in the College of Physicians and Surgeons in New York. Mr. Haldeman commenced practice alone in 1839, at Minerva, Ohio, although he had practiced from 1837 with his old preceptor. He soon obtained an excellent practice in medicine, and was noted for his skill in surgery, performing nearly all the operations in that part of the country, among them tractreotomy, or opening the windpipe and extracting foreign matter from it, and difficult cases of lithotomy. In 1860, Mr. Haldeman, in connection with Messrs. Hussey and McBride, of Cleveland, bought the McElhenny Farm, in the Pennsylvania oil regions, which proved to be very valuable. For the whole farm of two hundred acres the sum of twenty thousand dollars was paid, subject to some leases, which were renewed to the lessees. Mr. Funk leased a hundred and thirty acres of the farm, subdivided it in into acre lots, and sub-lot them to a number of oil companies, representing an aggregate capital of millions of dollars. Messrs. Bennet and Hatch, the sub-lessees of one sub-lot, struck the largest producing well yet found in the oil region the Empire, a three thousand barrel well, which is estimated to have produced no less than six hundred thousand barrels of oil and the whole farm is estimated to have produced two millions of barrels. At the present time the sub-leases have nearly all been forfeited, through breach of covenant, and the farm has reverted to the owners, Messrs. Hussey and Haldeman. It is not now worked, the wells having been flooded by the unexpected influx of water, against which there had been no provision made by the owners of the wells. It is expected to remedy this misfortune by plugging the wells below the water veins, and pumping, with the hope of thus restoring the value of the farm. The next enterprise was the purchase of the A. Buchanan farm, of three hundred acres, in connection with others, subject, also, to a lease, but giving the owners of the farm a royalty of one sixth of the oil produced, free of cost, and retaining the use of the land for other purposes. On this farm the town of Rouseville has been built since the purchase. This has proved a very lucrative investment. The first well struck on it in 1860 is still producing. In company with others, Mr. Haldeman also bought the royalty of the John McClintock farm for ten thousand dollars in gold, the Irishman owning it thinking nothing but gold worth having. Mr. Haldeman sold his thirty-second part of the same for a hundred thousand dollars; another partner sold his for forty-thousand dollars, the purchaser subsequently re-selling it for one hundred thousand dollars. Besides this, Mr. Haldeman became half owner of two hundred acres not yet developed, and he and his sons own about four hundred acres, supposed to be excellent oil land. He has also invested about forty thousand dollars in iron tanking, in the oil region, and has now tankage for four hundred thousand barrels, in connection with others. Mr. Haldeman was married in 1840 to Miss Mary Ann Gaves, of Columbiana county. The oldest and second sons, L. P. and W. P. Haldeman, are engaged in business with their father, and by their energy, foresight, and close attention to business, have aided materially in the later successes of the firm. Mr. Haldeman has, as is evident from the record here given, won for himself considerable wealth, but it has been secured only by the exercise of sound judgment and intelligent enterprise, which deserves, though it does not always achieve, success. |