1.Columbus Marion (dad) Joiner, son of James and Lucy Joiner, was born near Center Star, Alabama on March 12, 1860. C.M. Joiner began law practice in Tennessee and was a member of the legislature of that state from 1889-1891. Joiner moved to Oklahoma in 1897 where he started his journey in the oil industry but unfortunately failed two times before moving to Texas in 1926. Despite being put down and discouraged by geologists, Joiner was sure of the possibility of the oil deposits east of the Dallas area. In 1930 he began drilling using a very flimsy pine rig and worn out, battered tools. Out of his three well sites, two were unfortunately unsuccessful which made his associates and himself deeper in debt. However, on their third well site
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The Hunt Oil Company: realizing the gratitude of the east Texas discovery of oil before the rest of the petroleum industry, H.L. Hunt moved quickly and took a risk purchasing leases on Daisy Bradford No. 3 from Joiner. This risk not only started the financial base for the Hunt Oil Company, but it also gave way for this industry and commerce to add to the city of Dallas’s success and progress. The NIRA was originated in the city of Washington on Thursday the ninth of 1933. The only importance I can relate to the origin is that it was at the capital of the nation. If it originated at the capital of the nation then the law must be of importance for the government to take the time to read it and pass it. Going on with the Connally Hot Oil Act, which originated and was signed on February 22, 1935 in the US Supreme …show more content…
The East Texas oil boom greatly affected the city of Dallas. Although Dallas had started earning its name in the petroleum industry in 1914 when the banks were willing to finance and support the exploration and production of oil. Just 16 short years later when C.M. Joiner hit it big, Dallas’s role became even bigger. When I say big I mean it, Dallas was not only the center for oil in Texas but in Oklahoma as well. Banks were making loans to develop oil fields, and Dallas became the financial center for ALL oil fields in the Texas Panhandle, the Permian Basin, East Texas, Gulf Coast, and Oklahoma. This big involvement with the oil industry put off most thoughts of the great depression as well. After a long campaign in the years leading up to 1936, the state of Texas chose Dallas as the site of the 1936 Texas Centennial Exposition. More than fifty buildings were built for the Exposition in the Fair Park, and 10 million visitors came to see the $25 million spectacle. In todays monetary value that would $425 million. Really the same laws and acts apply as previously states, the Connally Hot Oil Act of 1935 would potentially solve the issue of overproduction of oil and using illegal oil for retail which in turn would mean making free
The Hunt Oil Company: realizing the gratitude of the east Texas discovery of oil before the rest of the petroleum industry, H.L. Hunt moved quickly and took a risk purchasing leases on Daisy Bradford No. 3 from Joiner. This risk not only started the financial base for the Hunt Oil Company, but it also gave way for this industry and commerce to add to the city of Dallas’s success and progress. The NIRA was originated in the city of Washington on Thursday the ninth of 1933. The only importance I can relate to the origin is that it was at the capital of the nation. If it originated at the capital of the nation then the law must be of importance for the government to take the time to read it and pass it. Going on with the Connally Hot Oil Act, which originated and was signed on February 22, 1935 in the US Supreme …show more content…
The East Texas oil boom greatly affected the city of Dallas. Although Dallas had started earning its name in the petroleum industry in 1914 when the banks were willing to finance and support the exploration and production of oil. Just 16 short years later when C.M. Joiner hit it big, Dallas’s role became even bigger. When I say big I mean it, Dallas was not only the center for oil in Texas but in Oklahoma as well. Banks were making loans to develop oil fields, and Dallas became the financial center for ALL oil fields in the Texas Panhandle, the Permian Basin, East Texas, Gulf Coast, and Oklahoma. This big involvement with the oil industry put off most thoughts of the great depression as well. After a long campaign in the years leading up to 1936, the state of Texas chose Dallas as the site of the 1936 Texas Centennial Exposition. More than fifty buildings were built for the Exposition in the Fair Park, and 10 million visitors came to see the $25 million spectacle. In todays monetary value that would $425 million. Really the same laws and acts apply as previously states, the Connally Hot Oil Act of 1935 would potentially solve the issue of overproduction of oil and using illegal oil for retail which in turn would mean making free