Editing Karns City, Pennsylvania (section)

==History==
In December 1871, Hugh P. McClymonds and Samuel L. Riddle leased fifteen acres of land to two brothers from the Cooper family. Initially slated to be used as farmland, those plans changed when a reserve of oil was discovered on the land. The first oil well, known as "Shasta," was established shortly thereafter near the western line of McClymonds' two hundred and fourteen-acre farm.<ref name=brown551>Brown, Robert C., ''History of Butler County'', Pennsylvania, p. 551.</ref>

On May 29, 1872, S. D. Karns obtained a lease for McClymonds' entire farm with the hope of increasing the well's capacity and profitability. Oil, at that time, was priced at four dollars per barrel. By June, Karns' well was extracting one hundred and twenty barrels of oil from the ground daily. As more speculators became interested in McClymonds' property, however, discord arose between competitors; in response, McClymonds sold the entire property, with the except of its farm buildings and fourteen acres of surface land, for $60,000 on June 18 of that same year to Karns, O. G. Emery, John H. Haines, William Parker, and William Thompson. Additional [[derrick]]s and supporting buildings were quickly erected and oil extraction ramped up even further.<ref name=brown551/>

In short order, the few buildings grew to several and then many, with entrepreneurs adding hotels, livery stables, machine shops, residences, and restaurants to turn the small, rural village into a booming town that soon became known as Karns City. In 1872, Ralston McQuaide & Co. opened a banking office that operated until 1880.<ref name=brown552>Brown, Robert C., ''History of Butler County'', Pennsylvania, p. 552.</ref>

The borough of Karns City, which included all of McClymonds' land and roughly ten acres owned by Riddle, was subsequently incorporated on January 4, 1875.<ref name=brown552/>