Researched and Submitted by Richard F. Palmer
The Oil Echo, Tuesday, March 28, 1882
Richburg's business prospects are as bright today as they were in the early part of the winter, and indicative of this are the high prices which real estate owners ask for their property. While some speculators turn their eyes towards Bolivar, and make a few investments there they do so feeling that Richburg is destined to be the most substantial town in the field.
There is yet to be found a real estate owner in Richburg who has sold all his property here and transferred his location to Bolivar. So deep the public faith in a bright future for Richburg that the establishment of stores in Bolivar by Richburg merchants is always looked upon as "branching out from the parent house." Another reason for Richburg's claim to the to the central point of business is the influx of Bradford capital here.
Nearly all of Bradford's leading producers have taken a grip on Allegany and made their headquarters in Richburg, where they now find good hotel accommodations and a most excellent class of society. Besides Bradford capital we have no inconsiderable amount coming in every day from Buffalo, Rochester and Elmira.
One noticeable feature of the transient element here is that it is composed of energetic businessmen and not of that class of dead-beats who invaded Bradford without purse or scrip in the early days and went by the name of "adventurers." Men who come here from the large cities of York state have bank accounts at home and are prepared to substantiate with their checks any offer they make for land or producing property.
Money is what makes business, and the men who carry money are the ones who are filling up our hotels. Richburg has further cause of self-gratulation in the fact that higher priced oil is a thing of the near future, every moment of the operating class going to show this.