![]() His Yount-Lee Oil Company was subsequently purchased by Stanolind Oil for over $41 million in 1935, then the third largest cash transaction in American business history. He was buried in Beaumont's Magnolia Cemetery. Yount died in Beaumont on November 13, 1933, apparently of a heart attack. He also served on the city's port commission. While Yount sought to avoid the public limelight, he made several generous gifts to Beaumont charities and at least once donated personal funds to help the city meet its payroll during the early days of the Great Depression. She reached England in about half-a-year and was broken up in 1782. The British named her Confederate but never commissioned her. The British Royal Navy captured her in March 1781. Other hobbies included collecting violins and horses. USS Confederacy was a 36-gun sailing frigate of the Continental Navy in the American Revolutionary War. He was a regent for the University of Texas. Although his own academic training had been limited, Yount had a keen interest in education and amassed a large personal library. Photo: US Navy Shipbuilding is hard, and shipbuilding is a team sport, Constellation Class Frigate Program Manager Capt. The couple had one child, Mildred Frank Yount (who would go on to marry Edward Daniel Manion and become Mildred Yount Manion). US Navy rendering of behind the aft navigation console on the FFG 62 model. Yount married Pansy Merritt on September 15, 1915. Yount built large tank farms, a terminal, and docks near Beaumont to ship his company's oil to destinations around the world. He eventually acquired mineral rights in several of the Gulf Coast's major fields, including the High Island, Barbers Hill, Hull, and Sour Lake oilfields, as well as those at Hackberry and Liberty, Texas, and Crowley and Jennings, Louisiana. 3 well struck oil at 2,800 feet, sparking a second Spindletop oil boom. Certain that more oil lay below the dwindling Spindletop oilfield, Yount secured mineral rights to large tracts in the area. He formed the Yount Oil Company by 1913, which two years later became the Yount-Lee Oil Company. He brought one of the first rotary drilling rigs ever seen along the Gulf Coast to the area and designed several special adaptations for the new machine. Yount left school at age fifteen and moved to Texas, where he worked in the oil and rice fields. and Hattie Yount, was born at Monticello, Arkansas, on January 31, 1880. Miles Frank Yount, oilman and civic leader, son of J.
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