Los Angeles herald. [microfilm reel], April 10, 1910, Page 8, Image 20

About Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911

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8
SOUTHERN PACIFIC
FACES HARD FIGHT
Opponent in Land Jumping Cases
Now Pending Is Backed
with Millions
SAN FRANCISCO. April 9.—lt be
comes more and more apparent as dis
res are made that the Southern
Pacific's legal department has got on
its hands the fight of its life in defend
ing the company's right of possession
to several thousand acres In the rlch
ctlon of the Coallnga Held. When
Edwin Burke "Jumped* 1 the Southern
lie's lands by filinpr location-- upon
them and Instituting suit, the matter
was looked upon more or less
Joka, and the general supposition wai
thai the Southi m Pacific would Bnd
little trouble In preventing Itself from
being "blackmailed." Later develop
ments, however, Indicate a more seri
ous and formidable attempt to wrest
this land from the Soutli.rn Pacific.
Two former secretaries of the Interior,
Hoki Smith and James A. Oarfleld,
have been employed at attorneys In the
case, Further than that, it Is said ill
unlimited resources are i
Mr. Burke. The personnel of <!
ganlzatlons, which proposes obtaining
possession of the land which it con
the Southern Pacific hai no
ripht to. includes the owners of some
of the largest fortunes In the United
States. There can be no doubt that
the contestant* feel assured that their
point is g-ood and will be well consid
ered. They exhibit every confidence
that they 'will win the legal iiattle
they have Initiated.
SANTA FE EMPLOEYS
START OIL COMPANY
First payment of $40,000 to apply
on the full purchase price of $120,000
for eighty acres, tho north half of the
northwest quarter of section 25, 31-22,
has been paid to tho Visalia Midway
OH company by F. C. Ripley and as
sociates. The balance is to bo mad-. In
two equal payments (if $40,0d0 each, the
first June 26 and tho last Septem
ber 26.
The Visalia Midway is com]
principally of Santa. Fo employ* ■ and
Vlsallani and immediately upon the
receipt of the first payment they de
cided to begin development of the
eighty lion's, the south half of the
toutheaat quarter of the same section.
Five wells will be put down. Ol
for three rigs have been placed and
two strings of tools will be started as
soon as the rigs can be made p ady.
Fred H. Hall will have charge of the
operations.
E. L. Rmlth Is presiednt of the
Visalia Midway company, Qeorge i>.
Smith is secretary and other members
of the hoard of directors are Dr. If.
M. Hunter, Elbert Lambereon of Vi
salia, W. F. Hall of Hanford and Fred
11. Hall of Bakertfleld. Other prom
inent stockholders are C. i>. smith,
Otto Tuii/.e and W. if. Stuck. There
are many other Vlsalians who, own
stock in smaller amounts. Fred Hall
owns the biggest block of stock. I> B.
Perkins, Paul Perkins, Rev. Oeorge
E3. Poster and C. D. Smith are among
the other Visalia stockholders.
The Visalia Midway mi company
w.i- organised about eight or nine
years ago, and some time later a half
in of 25, 81-82 was acquln d. \
contract was .later entered into with
the Santa !■'•• company t<i put down
11, the latter taking half the land
for developing the piece and obtaining
a patent, it is one nr the remaining
eighties which has just been sold,
leaving the company another i
to either sell or develop.
Although connected with the .
Fe company, it is understood tie' pnr
ohaae of the eighty acres by Mr. Rip
ley and associates is a venture en
tirely distinct from any operations of
the railroad company. !•:. I. EUpley,
president of the company, Ii one of
t!i" Inten ti i parties.
CEMENTS OFF NEAR OIL
COALINOA, April 9.—The Los An-
Coallnga Syndicate Oil company,
section 6-21-15, lias cemented oft the
wati r at 2432 feet. The water ii shut
ofl on a sh.-ll .lust above the oil sand. :
While baling tli.- well before cementing
there w ; :< a showing i>r oil coming
through 2000 feet of water.
/\JT "Staple, Rather Than Spectacular"
B H rJ A In an article upon the Oil Enterprises in Ventura County, Cal.,
-^IW™^bW recently published, the author, Mr. Allen G. Nichols, editor of
MMw»wß'wutni.!«w|,'iLm..iwmHi m The Oil Industry, makes the following statements:
■ '. ' ,
The Rock Island oil company 1» now "In the Bespe fields great activity is being shown. Here, too, as in all
operating on It* 180-uor* lease in the other places, the early drilling was done along the line of seepages, near
Me Scape field. which the sand outcropped, but a better knowledge of formations and
drilling conditions has led the operators to drill farther back on the forma-
W» (ih»U »lnk oar tint well back from tion where oil could be encountered at greater depths, thus assuring a
the floor of the canyon on the Cold- larger yield and a lighter gravity. Since this has been done many of the
water antl-c inc. companies are already paying largo dividends and the outlook for the
future is of the very best,
We expect to put our well down ii,)o or
WO feet to the, oil sun,ls and to brins "The transportation problem in Ventura county is solved. Several of
in a 100-barrel well. tho companies interested have their private pipe lines. . . . oil will
gravitate either to the pipe lines or to the railroad from any field in Yen-
A iii|ir line crosses oTir property, with tura county, and in most cases ocean transportation is not more than 20
which we will make connections. miles away.
Production of n B gravity „-,i win be ' "With the development that has already been done, WHICH AMOUNTS
worth about Si a barrel.' a 100-barrel TO NOTHING MORE THAN PROVING UP OP LARGE TRACTS OP
well It worth $100,000. LIGHT OIL PRODUCING TERRITORY, and especially with the assur
ances that THE VENTURA COUNTY FIELDS ARE EXCEPTIONALLY
We offer a striking and staple Invest- LONG-LIVED, make investments here STAPLE RATHER THAN SPEC-,
ment, removed from tlie apliere of the TACULAR and certainly as regards prices for the product, which in all
hensaiioiiui and spectacular. cases is more valuable than that produced from the farther north."
The ROCK ISLAND OIL COMPANY is capitalized for only $500,000. Our officers are W.
H. Wise, president; J. C. Dresser, vice president; L. Ashmun, secretary. 'We offer for public
subscription a small block of Treasury Stock at 15 cents a share. We "make no misrepresenta
tions as to what we have. We invite investors to take a day's trip to our camp and see for them
selves. We make no absurd promises. We do assure a square deal and quick action. Soon we
shall be drilling. Until then our offer of stock will stand at 15 cents. $150 buys 1000 shares. You
may pay in 5 monthly installments if you like.
Rock Island Oil Company
Ja. %/
415 Laughlin Building, 315 South Broadway, Los Angeles
ROSE OIL CO. STRIKES
FLOW AT FILLMORE WELL
Four Hundred Barrels Estimated
as Output of Producer
OXNARD, April 9.—The Rose Oil
company, operating in the Fillmore dis
trict, struck oil in their well there this
morning. The well filled up at 1600
feet nnd the flow is estimated at 400
barrels. The strike created great ex
citement in Fillmore nnd other oil dis
tricts in Vatura county.
JOHNSON WELL ENTERS
GAS POCKET; BLOWS OUT
The Johnson well, the southeast
quarter of .section 7. 11-23. at Sunset,
Friday afternoon went into a pocket,
causing a blowout, which gave rise to
the rumor that the well was a gusher.
The report quickly spread and the Of
ficers of the company, who live at
Fresno, hurried to Tt.ikersrteld. The.
well flowed for about half an hour,
exhausting itself, and drilling was re
sumed Immediately.
The pocket was entered at 1318 feet.
pipe is JO-inch. The drill Is still
above the top of pay sand, this stra
tum being expected at about 13S<1 feet.
Tl officers do not expect to finish the
well short of 180") f. . t.
LARGE COPPER TONNAGE
Calumet and Heela Is shipping larger
tonnage than ever before. The aver
age shipment from these niln. ■ a
month Is 24.\nno tons, which compares
with the average of 170,1 to tons three
years ago. This company has paid to
shareholders $110,550,000. The capitali
zation Is $2,600,000; r.ar value of shares,
$2.".. The shares Bold at $1000 each
when copper was at 23 cents a pound.
These mines are well sold up for sev
eral months. All the Lake Superior
mines are producing at the volume of
260,000,000 pounds of cupper a year.
WITH ROTARY RIGS
MARICOFA, April 9.—Saturday the
Honolulu OH company reached 1100 feet
in Its well on section 4, 82-24 and 850
<n It 3 well on section 14. Both
welli are being drilled with rotary rigs
and making progress, from sixty to
ttty-flve feet on a tour.
Interesting developments may be
1 for soon In the. well on 4, as the
big Kas pressure was encountered in
will No. 1 at ir.no feet.
DRILL THROUGH OYSTER SHELLS
COALINOA, April 9.—The Ye Luxe
Oil compa-ny, section G-21-IT., has drilled j
through a heavy bed of oyster shells
into the lower sand, using oil Instead
Of water in the hole. The water is
shut off above and the company has
demonstrated with the oil process that
the lower sand is free from water, a
very important la it t.. this section,
NEW YORK IS READY
COALINOA, April 9.—The New York
Coallnga <>il company, section 6-20-16,
leaned out wells Nos. 1 and 6,
Increasing the production. Charles
Bpurllng, late with the Standard, In
charge of the drilling operations, ll
giving his undivided attention to the
work.
SHOWING IN SECTION 28
MARICOPA, April ft.—The Santa Fp
Is reported to have a showing of nil
in a well on section 28-I^.-23, east of
the old Sunset field. The company Is
drilling a number of wells in that lo
cality, ami has established a preten
■ tious camp.
TRADERS COMPLETE WELL
TAFT, April 9.—The Traders' Oil
. ompany has finished a new well on
Its Midway property at some 1400 feet
it is considered good for -!ll> barrels
dally on tiie pump.
OIL MEN--Attention
WE Bl II.I) MOTIONAL, ICKAIIY >I_\l>K AM) POKTAIJI..I; HOI SFS.
Just the house for the oil fields. All sizes. Low prices. Delivered
and 1 rected at once. Cull, write or
H. J. BRAINERD & CO.
PhonA A 4740. 561 Clihiiilmt of Commerco, Lo« Angeles, Cal.
LOS ANGELES HERALD: SUNDAY MORNING, APRIL 10, 1910.
ANNOUNCEMENT!
The Standard Investment Company begs to an
nounce that Oil Propositions of merit and which
will stand rigid investigation will be handled on
a commission basis.
See us for the best Oil Lands and Leases en
the market. Remember that every acre of high
class territory is as cheap today as it ever will be.
We also handle Stocks and Bonds.
Standard Investment Co.
504-tj I. W. Hellman Building, Fourth and Main Streets
Phones: Fi^o, Main 2902
UNION IN SECTION TEN
DEFINES BREAK IN SAND
McKITTRICK, April 9.—No sand has
been encountered in the I'nion com-
pany's well on 10-31-22, which has
reached a depth of 200 feet. Opera
tors who have made a study of that
part of the Midway field declare there
is a break which presumably cuts off
the sand. This break is said to be
plainly visible in the hills north of
the Union's < peratlons. gradually dis
appearing to the south east.
JUSTIFIES A PAYMENT
COALINOA, April 9—The Home
stake Oil company, section 26-20-14, Is
700 feet deep in well No. 6 with s\-
Inch casing. The production of this
property now Justifies the payment of
a dividend. The company has pro
rated the balance of the treasury stock
among the present stockholders, who
vie taking up the Issue.
WILL OPEN HOLE TODAY
COALINOA, April 9.— The Consoli
dated Oil company, section 18-21-15,
stands cemented today. Charles Spur
ling, in charge of drilling operations,
will open the hole about April 10 and
clean out the cement and drill Into
: the oil sand, which will be entered at |
about 1458 feet.
DRILLS IN CAT CANYON
SANTA MARIA, April ».—The Prln-
I cess Oil company is drilling a well In
Cat canyon, where it owns a -5-year
"ii 400 acres In sections 33 rind 33,
Bye mill s southeast of the Palmer. A
■ amp has I.e. n established, roads built
and actual drilling started March 15.
INCREASES PRODUCTION
COALINOA, April 9.—The M. K. and
T. i )il company, section 8-20-16, well No
2, is Increasing in production, making
,t . lose SOO barrels daily. Weil No. i
lias been worked on and 4'i-inch casing
is being replaced.
DISCOVERS QUICKSILVER
SAX ANTONIO, Texas, April 9.—
While making a mineral survey Of
Brewgter county, Ft. s. Dod, surveying
engineer of the Texas land office. ,ijs
, overed larg.' deposits of quicksilver
on lands owned by the state.
MIDWAY
SECURITY OIL
COMPANY
In the Heart of Gusher Territory in the Rich
MIDWAY FIELDS
x First offering of stock to investors at
25 Cents Per Share
Subscription Books Open Monday, April 11 •
Make your reservations now, by letter, telegraph or telephone.
\ «** \ ;T \ % 1» \
\ #*** «jP. # \ y/\ r&\\ \ JV' .
\ ' • \ S^ \ .o^ \** \ * S\
Look at the Map— Nuf-Ced
Twelve Reasons
Why I Advise the Purchase of MIDWAY SECURITY OIL
COMPANY STOCK at This Time.
FIRST— the company's, holdings are located right In. the heart
of the Gusher territory in the greatest oil field in the world.
SECOND—Because the company Is already fully equipped and drilling,
its first hole being down between 200 and 300 feet on Saturday,
April 9.
THlRD—Because the company's rig and machinery, tanks, buildings,
water lines, etc., are all new, first-class In every way and all
paid for.
FOURTH — the company's backers are strong people who back
. their judgment with their own money, who have obtained the
best expert advice and will sink to oil and win success regard
less of stock sales.
FlFTH—Because the money received from the sale of stock will go Into
the company's treasury to be used for practical development
and not into the pockets of promoters.
—Because the company Is capitalized for only COO.OOO shares, and
has placed 400,000 shares in the treasury.
SEVENTH —Because the company Intends as soon as possible to list its
stock on the Los Angeles and San Francisco stock exchanges
and on the New York curb.
ElGHTH—Because I believe the company has secured the services of
the best field superintendent in the Midway field—a man of
wide experience, who thoroughly understands every detail of,
the oil industry.
NlNTH—Because there are no salaries being paid to officers or directors
of this company; everyone having unlimited faith In the MID
WAY SECURITY territory and future production.
TENTH Because we are on the eve of the greatest legitimate oil boom
ever known In the history of the United Statesthis being
■ demonstrated by the wonderful developments during the past
few weeks in the Midway fields.
ELEVENTH—Because I 'know that this is the most opportune time to
buy MIDWAY SECURITY OIL COMPANY stock at this price,
as it will sell at a much higher figure in a very short time.
TWELFTH—Last, but not least, I advise the purchase of MIDWAY
SECURITY OIL stock because by buying now you are starting
in on the ground floor with real live oil operators in a real live
oil district at the right time and place and at the right price.
A. W. SCOTT, Managing Director
Midway Security Oil Co.
236 Security Building, Los Angeles, Cal.
Main MM I Home I':il8l.
An Advertisement Becomes an Investment
When Placed in THE HERALD
On Gusher Ground
5 c
First Block of Stock
The MIDWAY-MARICOPA CRUDE OIL COM
PANY holds a 20-year lease on an 80-acre piece
of ground which is splendidly located for a giant
gusher.
Our property Is In section 34-12-23 of the Marl
copa-Bumet Held. It may be more particularly
described as tlie northern half of the southeast
quartet section of 34. The Painter Oil company
adjoins us on the north.
We are in line with all the Marlcopa and Mid
way gushers, several of which are In our Immedi
ate vicinity.
Directly west of us can be seen tho spouting
torrent of the Lakeview ffUaher, the daddy of them
all, which for 2b days Rowed an average of 40,000
barrels a day, and which has now broken all records
and become the GREATEST OIL WELL EVEH lU3-
CORDED IN HISTORY.
The Lakevlew Is on fractional section 25-12-28. This
is right on the dividing line between the Marleopa-
Sunset Held and what iw known as the Midway field.
It prove* both fields to be practically one and Insep
arable. In the Marlcopa Held on se.tion S6-12-23, south
of the Lakeview, and a little to the east, are the
Wellman group of wells. Including a gusher, and the
Kthel D. gusher. The K. T. & O. gushers ure on sec
tion 7. over the line.
In tlie Midway Bald, on section 30-32-24, northwest
of the Lakeview, are the two Standard gushers, the
second of which was brought in this week. In section
10-32-24 Is the famous Honolulu gusher, which was
the surprise of tho hour becaUM it proved the exist
ence of oil In prodigious quantities in a district lying
to the northeast, out on the Huts, far beyond the line
of previous discoveries.
This proves the extent of producing oil territory to
be much more ample than bad been supposed. It
has stimulated great activity In all tho region. Der
ricks are springing up in all directions, and wills are
being drilled to prove up sections 20, 28 and 34, In
township 32, range 24, and also on tho intervening
sections betweeen us and the Lakeview.
OUR CHANCES ARE GREAT
Geologists tells us that we have a singularly favor
able site for a giant gusher ourselves. They state
that the formations dip toward our XO-acre plat on
three sides. So we are actually in a basin of petrol
eum richness. Wo should tlnd an immense flow and
an abundant quantity of oil. insuring long- lived pro
duction and a big income earner.
\\ ,• were exceedingly fortunate in securing this
ground. It was coveted by others. Since we became
possessed of this valuable lease tho best posted oil
operator! In California have approved our choice.
' We propos.? with the funds (UDaclibed already to
put lumber on the ground, set up a rig, install a
standard drilling equipment and start work without
an Instant's unnecessary delay. Arrangements have
been made for building the rig. which gives us a dis
tinct advantage, as rig builders are scarce In this
region, where so many new companies ar« trying to
begin operations. A fine crew of drillers has been on
gaced.
We have the men, we have, the means, wp have the
gusher ground. When wo havo drilled 2000 feet our
gusher should be found.
The International Investment company offers a block of
treanury stork In the Mlcltva}-Marlropa Crude Oil company
for public niibsi'rlutioii. In surh amounts and at such tenni
and prires that every one ran afford to take up some of It.
Most of the Midway Oil companies hold their stock
at very high prices, and the purchufe of them at that
valuation gives the buyer very little chance —almost no
Chance at all—to make BIG profits.
YOUR CHANCE IS WITH US .
When a man is a millionaire he can afford to take
small profits, Six'per cent Is a good deal on a million.
Hut th.> small Investor- the man working on a salary
or a wage—who has only a hundred or two laid by,
what does 6 per cent benefit him? Ho wants a chance
to get in on the "ground floor" somewhere or some
how, in a money-making proposition, where he will
get a good run for his money, and be assured a square
deal for his ant\ and when he wfns out he will havo a
fair start toward a competence.
Many poor men have made fortunes by shrewd In
vestments in oil. We havo helped some to maka
money fast In California oil stocks who have followed
our tip and bought stocks when they were low, and
now have doubled or quadrupled their money.
We advise you to make an investment in oil, and
to do it right away without waiting too longr. Don't
come in after everybody else Is in! Don't hesitate
now, at the psychological moment, to muko a big
profit for yourself. Ret aside what you can safely
rpare and MAKE TOUH FIRST INVESTMENT IN
OIL. !
We urge the purchase of MIDWAY-MARICOPA
CRUDE OIL CO. STOCK for reasons as follows:
The Property is good.
The Management is honest.
The Time is opportune, and
The Price will never be less, and soon will
be more.
I'nle.ss you can afford to buy your own land and
put down your own well the best thing to do is to
pool your pile with others, and all go In to operate
a good property for mutual benefit. Tho BIG money
tl to be made NOW. The little profits will como to
those who follow you.
Don't wait to see what the next price will be.
Don't wait until we have drilled our first well, Don't
wait to see how many thousand barrels our gusher
may spout. Waiting will not get you anything.
ACTION WILL. If you don't take this chance others
will.
International
Investment Co.
If You Ure Out of Town, Use 1012-13-14
Ililr. Blank
INTERNATIONAL INVESTMENT UniOll
CO., 101: 1:: It Union Trust rp
Building;. ' 1 rUSt
Please book my subscription for n *l I*
share, .n your Midway- BUllding,
Marlcopa Crude Oil company at 5c I 1 Olirf ll 'Hill
a share. Inrlme find f ,
ax paid In full. SUNni!
""" "" Streets,
Address (B) '
Los Angeles
USE HERALD "LINERS"
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