The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-04-25

cent Shlo nnd tho Profit
of tho Standard In That Deal.
Spttd! from a Stdg Correspondent
S%isrEEs1LLr, April 34.-Mr. K. G.
Caldwell, Of Parkcraburg, who ha, been
very successful in this fold, was u pas.
soncer On tho Ohio River road this at.
ternoon, getting Off At S%isler,yilic. lTo
had been down to ST. Marv's where no
Is now putting down q vol below town.
He talked Interestingly of tho situation
In oildom, aud gave ii as his opinion
that tho Peasants county field Is going.
to amount to somsthinS. "%Othervisc,"
said he, 81 would no. DO putting money
into a we'll in tia. territory"
From Belmont up, on both side,
oil the river, lie says, everything is
leased. aud the work OF development
will DO carried IN with all encrgy posi-.
bic this summer. As hc put it. with
oil at s., a fifteen barrcl well Is now rs
good as n sixty barrel well when oil was
at the titty.iwo cent mark. This will
induce operator. to 70 ahead and pump
territory that Is capable OF nothing but
comparatively small PRODUCERS. l.
will pay to do this with q scant sup.
ply OF oil in sight, which is At present
not nearly enough 10 balance the con
sumption tgure.
Among the boys" who have made
biz money out OF the boom In oil there
Is one in this county who is not directly
interested in the oil business. Refer
once is made 10 Mr.. David Hickman, Of
Middle5uurne, county clerk OF Tyler
county. The recording OF oil leases at
the county seat has become q big bust.
ness and rs tho 'iee system" is still on
in West Virginia the clerk has protited
greatly thereby; in fact he has made a
fortune ont OF it. Since tho almost I'm.
precedented boom in leasing began
Clerk Hickman has been 4 very busy
man and is now said TO be two months
behind in his work although he employs
r small army oil assistants. and is said
By all the oil people TO be a most &C.
comodatirg and efficient official. Need.
+, less TO say, he is a Republicau-in Tyler
all OF them are Of that political faith. 4
prominent Sistersville man who is also
n Democrat, told the !~NrELLIGEScER cor.
respondent that Mr.. Hickman is sure
OF reelection. Ever should such 4
seemingly impossible thing as his turn.
ing down by his own party occur, no
would receive the Democratic support.
That's surely a testimonial Of apprecia.
.ion fo- puhlii. anrvirn
Every Sis.ersvillian points with pride
to the towns leading h%otel-the " ellis.
A description OF tho place, however,
short, would be incomplete without
mention OF the Wells, which by tho way,
is under the management OF an old
Wheeling man, Mr.. Z. +. Hosford, for
merly OF the Fort Henry club. Another
Wheelingite, Mr.. Z. X. Freeland, is be-
hind the desk, where he preaides with
rs much glory and celia, as the head OF
a2x4 German principally. Tho Wells
stand, alone. almost the only brick
structure in n town made up OF frame
buildings, excepting, OF course. the
churches. 1t VA. built BY Mr.. Ephsaim
Wells. the oil magnate, who presented
it to his daughter. 1t is ! gem in ita
line, as much ahead OF the town as Chi
Cages pride, the Palmer house. would
be ahead OF anything in Wheeling.
Colonel Hosford is blessed with a pat
ronage that is eminently satisfactory.
Before oil took unto itself the idea to
get out Of the slough and up in the
world to the two dollar" pinnacle the
big kapawha Oil Company,::which was
outside the Standard fold, was sold to
the Ohio %(S,andardj company for
S720.00 The deal created a sensation
in oil circles and the price was consid-
cred pretty fair. being on the basis Of
about 500 per barrel production. The
kanawha sale had hardly been entirely
consummatcd when oil started up the
ladder from cents to dollars. until now 4
fair price per barrel production would
be 81, COO. Needless to say, the people
who disposed Of the bi. interest TO the
Standard on the 500 basis ara about rs
sick 4 lot OF people as are to be found
from pole TO pole. Hundreds OF thou.
sands ofdollars represents the advance
in the value OF tho kanaNna property
aimee a month ago. And the cute
Standard is the gamer, which is mol at
al surprising.
Probably tho most notable "strike"
made in the fold on n very small invest
men. was tina, OF Cole aud Barley. who
were employees OF tho Oil We'll Supply
Company here. They invested $50 each
and secured leases on property across
the river that looked very promising.
But after they got tho land they were,
unable to raise enough money to drill
for oil and the outlook was utterly dis
c~ouraying. Finally, however, they
came to terms with u nun named Sut.
ton, who agreed. for u tIree.iourths in.
terest in the transaction to put down
tho wells. Tho territory the pair had
leased turned out up TO expectations
and beyond it: to-day the two are draw.
ing, each. $40 or so n day for their
fourth, and their annual income will DO
fully $1,000 each. Pretty good for 4
$50 start. MA.
AROUND 81. MhItY'S