Seeking His Fortune
In 1861, 21-year-old Henry pooled his savings of approximately US$600 with a friend, Charles P. Ellis. They set out to western Pennsylvania and its newly discovered oil fields. Borrowing another US$600, the young partners began a small refinery at McClintocksville near Oil City. They named their new enterprise Wamsutta Oil Refinery.
The old Native American name "Wamsutta" was apparently selected in honor of their hometown area of New England, where Wamsutta Company in nearby New Bedford had opened in 1846, and was a major employer. The Wamsutta Company was the first of many textile mills that gradually came to supplant whaling as the principal employer in New Bedford.
Rogers and Ellis and their refinery made US$30,000 their first year. This amount was more than the earnings of three whaling ship trips during an average voyage of more than a year's duration. When Rogers returned home to Fairhaven for a short vacation the next year, he was greeted as a success.
Read more about this topic: Henry Huttleston Rogers
Famous quotes containing the words seeking and/or fortune:
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