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W. J. Young |
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W. J. YOUNG, president of the Oil City Trust Company Bank, vice-president of the Forest Oil Company, treasurer of the Oil City Tube Company, a director in the Washington (Pennsylvania) Oil Company, and a member of its executive committee, member of the executive committee of the United Oil Trust of Pittsburgh, one of the directors in the Toledo Natural Gas Company, and a member of the firm of Vandergrift, Young & Company, oil producers, is a native of Pittsburgh, Pennsylvania, and was born November 8, 1842. He was educated in his native city and there took his first lessons in business as clerk for a hide and leather concern. In 1862 the Allegheny Belles, a line of small steamers plying principally in the oil trade between Oil City and Pittsburgh and numbered for convenience and identity, one, two, three, and four, which were owned by John and William Hanna, were doing a large carrying trade, and Mr. Young, being chief clerk of the general warehouse also owned by these gentlemen, attended to their shipments as well as others. In process of time the warehouse passed into the hands of Burgess & Company (Mr. Young being of the company), who in time sold to Fisher Brothers, and Mr. Young remained with the latter owners until 1872. His next business engagement was book-keeper for the Oil City Savings Bank, and in December, 1873, he was made cashier of the Oil City Trust Company Bank. In 1876 he became vice-president of this institution and under its new organization in July, 1883, he was elected to the presidency. The firm of Vandergrift, Young & Company, then the owners of the United Pipe Lines and extensive oil producers, was organized in 1876, and the Forest Oil Company was organized in 1877. From the organization of the latter company Mr. Young has been its vice-president and general manager. He was one of the organizers of the Derrick Publishing Company, after that paper passed out of the hands of Longwell & Company, and was, for some length of time, its treasurer. The records of the Buffalo, Pittsburgh, and Western Railway Company show that Mr. Young was a long time its assistant treasurer and paymaster, though it is difficult to see just when he had time to attend to the duties of those offices. However, it is safe to say that they were promptly and efficiently looked after. Mr. Young was married in Oil City in 1866 to Miss Morrow and has had borne to him two daughters. He has been one of the trustees of the First Presbyterian church since 1867. He is a Knight Templar Mason, belonging to Talbot Commandery, No. 43, Oil City, and to the Pittsburgh consistory.
History of Venango County, Pennsylvania
: its past and present, including its aboriginal history, the French and
British occupation of the country, its early settlement and subsequent
growth, a description of its historic and interesting localities, its rich
oil deposits and their development, sketches of its cities, boroughs,
townships, and villages, neighborhood and family history, portraits and
biographies of pioneers and representative citizens, statistics, etc.,
etc.
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