![]() ![]() 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. USS Brandywine (formerly named Susquehanna) was a wooden-hulled, three-masted frigate of the United States Navy bearing 44 guns which had the initial task of conveying the Marquis de Lafayette back to France. 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. Other hobbies included collecting violins and horses. He was a regent for the University of Texas. Photo: US Navy Shipbuilding is hard, and shipbuilding is a team sport, Constellation Class Frigate Program Manager Capt. Although his own academic training had been limited, Yount had a keen interest in education and amassed a large personal library. US Navy rendering of behind the aft navigation console on the FFG 62 model. The couple had one child, Mildred Frank Yount (who would go on to marry Edward Daniel Manion and become Mildred Yount Manion). 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. Navy selected Fincantieri’s FREMM design for its next-generation frigate, but as with most new platforms it will be a long time before the first ship hits the fleet. 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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