New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-08-27
TO VERIFY OIL REPORTS.
AN INSPECTION BY PRODUCERS.

EXAMINATIONS TO BE MADE OF THE WELLS OF THE
UNITED PIPE LINEs-THE WORK LAID OUT
For the first time since speculation in petroleum
began the producing interests, through the various
oil exchanges of the country, will be represented
when the annual inspection OF the crude
is begun on September l.. This organization,
with the exception of the Underwater PIPE
Line, is the sole custodian OF the STOCK Oh oi
regions. OF late efforts have been made to impeaen
the integrity of the official reports issued by the
United Pine Lines II has been eharged on th sne
pany was larger than the amount represented ny IL
as its holdings, and on the other that IL was
smaller. The company issues certlncates 10 eSeIy
producer whose oil it receives or credits nun on
its books with the amount IL has oeen cn '1
that the companss reports of this account cO9d no
rsa Pop mo no be- an Of
Gates IN excess of the amount OF OH ac'uai y, o,u
1t ia these certificates which are dealt I'D az tuo G
exchanges in u similar way to the trahsac'iohs Al
railroad stocks ,;;,
These suspicious at times since the great ACTIVITY
IN oil speculation began about year ago; nave III
terfered largely with dealings r,sy tbeir Sures
II ia proposed by the Oil exchanges
to make their examination as thG ;r;asa
as possible The tanks of the company are dlvldeu
INTO ninetv.one districts and in each of them q
gaueer measures the amount OF OIL tnat eSch .an
in his district contains every day. Wnen Ino ds
is taken on September l competent person unuel
the superyison of a well-owner prominent III eacn
nj these distIi s will take an independent gauge LOT
the oil exchanges. All of the pumping machinery
of the Pine Lines will be stopped and tue uouoIe
gauges taken simultaneously in the nlnety-one us
tcs 1t is thought that Tae sCpnfnv S of the
oil exchanges will not stop here. Inc flpe Line
Company has sixteen inspectors whose duty Is CON-
stautly TO ascertain the amount OF waste matter
wafer and sediment-contaiued III the storage
tanks by using an instrument based on the prlnci-
ple of q butter or cheese tester The olllexchanges
will appoint men TO make the same examination OF
Sha n stored
the Pipeline inspectors make their Inspection
The programme of 1.-The producers extends
even further than this. An examIna-
tion will DO made of the books OF the
United Pipe Lines at Oil City in order to see II the
certificates issued correspond to the amount OF OIL
held in the tanks for which they are issued. The
work of inspection and the examination OF the
eompany's books will take some time TO complete.
All of the arrangements for this comprehensive
Inspection have not been completed. they are
in charge of a committee of the on
City Petroleum Exchange, cooperating WIN
representatives from the New-York and
the other oil exchanges The appoint
ments for the New City exchanges Will probably be
made early this week. Prominent members OF the
that they had little donbt that the reports oil the
United Pipe Lines would be found TO be correct
The examination would be made most thorough,
however and the results of the gauges taken by the
saugers of the oil exchanges on September w0uld
Be compared with the books of the superintende Mt
of tapkage of the Pipe Lines Oil City August 81
independently of the official gauge of the company.
Water Pipe Line are made monthly TO the State
Department OF Pennsylvania and the laws OF that
State provide severe penalties for any false repre-
kentatlOOS.