Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-10-07

vey No 2 is 1.60O feet deep; No. will get
the Gordon by next Monday; No. is
due in the Gordon the last of this week;
No. 5 is down l, 400 feet; Nos and are
spudding and they have a rig up for No. 8.
They have made location on the Mevey
down near the railroad. This will be the
farthest well to the east, on a 45o line, in
the field.
Garland & Hays No. Miller will be in
the Gordon to-day, and No. 8 is due in the
Gordon the last of the week. No. 6 is down
1000 feet, No. ], 200 feet and No. 1000
feet. Liggate & Haymaker are due in the
Gordon, on the French property, Friday or
Saturday, and on the Blue Pier property
about the same time.
A Few Drilling Wells.
OAKDALE-Sparks, Carver & Co., are
down l, 100 feet in their No. on the Moore
farm, and /, O5O feet in their No. . on the
same farm. Ex-Sherif W. b. Hoffman &
Co. IS No. cn the Moore farm is making 60
barrels day. Their No . on the same
farm is being fitted with the last casing.
Koch, Shaffer & Co., on the Wettengel,
have cased and are due in two weeks. The
Bear Creek Oil Company, which is drilling
on an adjoining farm, has had several fish
ing jobs, and is now wrestling with big
cave. Jennings 81 Galloway are building
rig on the Kinney lot and one on the
CheeSer.
Work at Wildwood.
WILDwooD-Guckert & Steel on the
Pierre farm, three miles north, are through
the third sand and dry. They found little
gas and are drilling to the fourth. W. p.
Black is starting a well on the Hardy farm.
Upham s. Co. are also starting well on the
Puff farm. Griffith & Co. have just finished
Trh, NoN . H. for
This is good gas territory and they are
going to start gas plant for the field.
They have two other high pressure wells
now shut in. Evans & Mandeville's n o.
on the Kretzer farm is five feet in the
sard and flowing. The No. 3 on
the Whitcsell farm of Griffith &
Co. is still producing GO barrels a
dav, and has altogether produced over
300, 600 barrels. This well has put out more
oil than any other well in the Wildwood
field The Metropolitan Oil Company's
No. 6 on the Kolbar farm, is doing about Is
barrels an hour, while the Strip Oil Com
pany's well, 80 fect away, is not doing over
so barrels day.
The Aim OF the Standard.
W. H. Libby, the foreign representative
of the Standard Oil Company at Bremen,
has sent letter to Minister Phelps, at Ber-
lin. in which he states, in answer to lavish
criticisms of the continental press, and an
inquiry on the part of the German Govern
ment, that:
There is neither mystery nor monopoly in
the policy of the Standard Oil Company in
Europe. Their policy is simply that of COM
petitive commerce, and has been dictated
and stimulated by the desire to sustain the
consumption of American petroleum in
Europe in the face OF active and growing
from other countries, and espe-
cially from Russia.
We seek to discourage all speculation in
our products and to economize every detail
of transportation and distribution, and
through the avenue of local distributors to
bring American petroleum within the reach
of the scantiest purse. We trust thereby to
sustain and develop large, permanent and
fairly remunerative commerce.
While the motive of this policy is to pro-
tect and extend our own interest, its progress
and fruition must favorably affect both the
producer in America and consumer in Eu
rope, the former because sustaining the
OF his product against foreign
and the latter because Of the
resulting from our system of dis
tribution. There is clearly defined mutu-
ality in this policy, and we have none of the |
sinister and ulterior designs which have agi- |
tated the imagination of our critics.
The Standard Oil Company has no under |
standing or agreement of any name or |
nature with the Messrs. Rothschiid, or the |
Sobels, or any other Russian interest, and |
never mas nau, nor couIo any unuefslanU-
ing transpire in the future. on any such
basis as recently suggested by press articles, |
viz: combination to exact an eXtortionate |
or artificial price from the consumer. This |
would be absolutely in conflict with the his !
tory and policy of the Standard Gil Com !
pans at home or abroad.
In a word, the aim of the Standard Oil |
Company in Europe is to cheaper its prod
nets AMI extend its business. When our |
policy, as now briefly outlined. shall become |
more fully developed anG more widely un-
dcrstood, It will receive the commendation, |
not the censure, of an impartial press, and |
Justify the encouragement, and not the |
menace, of legislation.