From Poverty To Becoming A Millionaire Oil Baron

Samuel Reason | October 22nd, 2018

Sarah Rector was born in 1902 in Oklahoma on Muscogee Creek Indian allotted land to two parents who both came from enslaved ancestry. In 1907 when Oklahoma passed a law that ordered the Creeks land to be divided between the Creeks and also their former slaves.

This meant that Sarah Rector and all her family members receive allotted sections of land, the land given to former slaves were usually of poor agricultural quality and very rocky. Sarah was given 160 acres and this at the time was valued at $556.50.

thevintagenews.com

With the interest of simply being able to pay the annual $30 tax bill, her parents leased her land to the Devonian Oil Company of Pittsburgh, but in 1913 everything changed. An oil driller B.B. Jones suddenly produced what is called a “Gusher” and started to fill up 2500 barrels a day. Rector was now at the age of 12 receiving $300 dollars per day. Rector’s parents quickly changed her guardianship to a white man named T.J. Porter who was a family friend and her allotment became part of the famed Cushing Drumright Field.

Suddenly Rector’s newfound wealth became known, she was now an oil baron, some months alone she was receiving over $11,000. And as soon as her identity became public even at the age of 12 she was receiving requests for marriage, money gifts or loans. Papers were publishing smear stories that her money was being mismanaged and that she lived in rags, which was not true at all. Rector and her siblings were going to a school and lived in a modern five-room cottage.

By the age of 20, she owned stocks and bonds, a boarding house, a bakery and a cafe all in Muskogee, Oklahoma. And not to mention over 2,000 acres of prime river bottomland, she had avoided all the scams and attempts of mismanaging her estate, successfully becoming a millionaire oil baron.

Next Article
  • Pig Farmers Say Marijuana Pig Feed Is Better

    Some farmers have a very interesting take on the progression of growing cannabis and the growing legalization of marijuana around the United States. Many believe it is the perfect crop to be commercialized and used in their animal feed - too keep them happy and relaxed! And well if you...

    Read More
  • Telegraph Invented Due To Heartbreak

    The inventor of the telegraph Samuel Morse had quite a tough life that was filled with numerous disappointments and this may really have been one of the reasons he ended up inventing the telegraph. Samuel Morse was born 225 years ago and is known around the world for having invented...

    Read More
  • Colorful Honey Created Naturally By Candy Eating Bees

    A couple of beekeepers in northeastern France were left scratching their heads in confusion when their bees started to produce thick blue and green honey completely naturally. The bees from their hives were found producing honey in odd shades of blue and green - something that was completely unheard of and never seen before. [caption...

    Read More
  • The Sheepdogs That Protect The Little Penguins

    On an Australian Island, there was a strong and vibrant colony of little penguins - that was until the foxes came and nearly ate them all up. Luckily for the little penguins they had a farmer on their side who decided to come up with an amazing way to protect them, in fact, it is...

    Read More
  • The Grueling Gaokao Exam Is The Toughest In The World

    China’s college entrance exam known as the Gaokao is thought to be one of the toughest examinations in the whole world. If you want a spot in one of the 2,200 Chinese universities then you need to ace your Gaokao exam. And it goes much deeper than that, sure the exam decides the university ranking...

    Read More
  • Tiny Sweat Bees Will Try To Feed Off Your Tears

    Recently doctors treating a Taiwanese woman for a swollen eye were shocked to find that she had over four little bees living in her, under her eyelid and feeding off her tears. These tiny little bees are known as sweat bees and are only around 3 millimeters long, so are small enough to fit under...

    Read More
  • Incredible Power Of The Mantis Shrimp

    Mantis shrimp have quickly become a creature championed on the internet due to the revelation of its optical superpowers. The mantis shrimp is able to see over 100,000 colors and also is able to see what is known as circularly polarized light - a capability that no other creature can do. ...

    Read More
  • The Time When Heineken Bottles Were Building Blocks

    Alfred Heineken after visited the Caribbeans in 1963 and finding the beaches littered with Heineken bottles, decided to amend his design and make the bottle's square. His aim was to allow the bottle to function as a brick also & let people use them to build homes in impoverished countries. ...

    Read More