Welch Early Oil Operator in Goose Creek Field
The article recalls R. A. Welch a onetime bookkeeper turned early oil operator in Goose Creek. It notes Hi T Rue and James Isenhour as drillers, a 1000 foot strike, a capped well with separators, and later limited production upon reopening. It also cites a 1920s US Agriculture Dept statistic that families spent about 25 cents of each wage dollar on food.
MENTIONED IN THIS ARTICLE
R. A. Welch
Hi. “T. Rue
Goose Creek
James Isenhour
U. S. Agriculture Department
Installment buying hits new high in America
A vivid portrait of consumer credit expansion shows Americans buying on installment plans for cars, homes, and holidays. May totals put consumer credit at 81.5 billion dollars, with 24.2 billion in installment credit. Auto production surges with 80 percent of 1955 models sold on installment plans. Banks warn the boom could lift prices if savings not rising. Global interest grows as Europe rethinks credit norms. The piece ends with a note on Navajo population growth from 7,000 in 1867 to over 70,000 today.
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