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Oil Companies





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James Palmer & Co.

Constitution Copartnership
Date of Formation June or July 1865
Date of Dissolution Partnership sequestered 19th July 1867
Office Crown Point oil works?
Office Drumgray oil works
Drumcross oil works
Crown Point oil works

Accounts of bankruptcy hearings indicate that the company was established in mid-1865 as general oil merchants and soap manufacturers based at Crown Point oil works, Glasgow. The company established crude oil works at Drumgray late in 1865, but were disposed of soon afterwards. In mid-1866 an oil works was established at Drumcross, on land leased from Lester Wylie & Co. but the collapse in the price of oil meant that these never operated at a profit, and the company was declared bankrupt the following year.







Advertisment from Slater's trade directory, 1867


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