The story of Pittsburgh: Diversified products

Diversified products (Vol. 1, nr. 13)

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Multivolume work

Identifikator:: 1831622599

Document type:: Multivolume work

Title:: The story of Pittsburgh

Place of publication:: Pittsburgh

Publisher:: First National Bank

Year of publication:: 1919-1930

Collection:: Economics Books

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Volume

Identifikator:: 183162365X

URN:: urn:nbn:de:zbw-retromon-241129

Document type:: Volume

Title:: Diversified products

Volume count:: Vol. 1, nr. 13

Place of publication:: Pittsburgh

Publisher:: First National Bank

Year of publication:: 1927

Scope:: [ca. 80] Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: The Keystone Driller company

Collection:: Economics Books

and with some assistance from his younger brothers, John G. and James L., the first well drilling rig to be mounted on wheels. It was a success and enabled him to drill 5 inch or 6 inch wells at the rate of 40 to 50 feet per day—ten times as fast as they could be drilled by hand and with about a tenth of the labor. He “drilled” his way through Geneva College, graduating with the class of 1881. The school had that year been moved from Northwood, Ohio, to Beaver Falls, Penna. At this time Dr. H. H. George was President of the College. Dr. David McAllister occupied the chair of Philosophy. James D. MecAnlis kept a jewlery store at Seventh avenue and Eighth street. Robert Downie, who had had some success as a debater in the Adelphic Literary Society, had one firm purpose and ambition. He desired to preach the gospel. ‘He was preparing to leave for Allegheny and the Covenanter Seminary, when he met James D. McAnlis, who suggested the organization of a company to manufacture well drilling machinery. It was largely due to Mr. McAnlis’ persuasion, and to the friendly interest of Dr. H. H. George, that a new industry was founded in the Beaver Valley. The well drilling business had, in the meantime, probably in 1878, been organized under the name of R. M. Downie and Bros., with an office at the corner of Arch and Ohio streets, in Allegheny; and some six or eight replicas of the original non-traction well drill were manufactured under contract with the Velte Foundry Company, at 33rd Street and Penn Avenue, and sold under the adopted trade name, “Keystone.” John Galbraith Downie was closely asso- ciated with his brother Robert M. in this as in many other enterprises at a later time. R. M. Downie & Bro. exhibited one of their machines at the Pittsburgh Exposition in the winter of 1881. The Keystone Portable Steam Driller Company, Ltd., was organized on Ground Hog Day, February 2, 1882, in the back room of Mr. McAnlis’s Jewelry Shop, with a capital stock of $20,000. Of this amount $10,000 was subscribed in cash by the following charter members and founders, and $10,000 worth of stock was allotted to Robert M. Downie

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