Marietta daily leader. (Marietta, Ohio) 1895-1906, 1896-05-05
Pertaining TO Oh.

Commercial comments. The CONNER
cial, however, says nothing of the
thousands of strings of tools the STAN
dard Oil interests keep pounding away
with in every field on earth. The
Standard allows the festive wild-catter
to locate the fluid and then itself
hastenes to unearth it. The CONNER
cial says: whether or not Kanawha's
fluid in the Gordon sand, down in Wet
eel county, West Virginia, comes up to
expectations, it will stimulate the
quest there for the greasy fluid. Such
finds always do. Wherever there is oil.
actual or prospective, there also will
be found the festive producer, likewise
actual or prospective, doing his level
best to exhaust the supply in the short
est possible space of time, and doing so
regardless of any effect it may have on
the developed production he already
possesses.
The motto of a large number of
American people, when the fire alarm
denotes the location of fire, is to get
there or die. The motto of the oil
producers is much the same when a
prospective new field or pool is sighted.
This of itself is not surprising. If there
is any good territory to be had it is
natural that they should desire slice
thereof if obtainab'e. But having OBJ
tanned the aforesaid slices, it is surpris-
;,,c, l.,
to draw all the oil from that portion of
the earth with the greatest possible
alacrity, at the same time wondering
and often protesting, because the
market does not hold up or advance in
spite of the natural tendency of their
own efforts to break it.
1t never seems to occur to the most
of them when they haye territory Sc
cured that the earth will be as good a
reservoir for it's oil in the future as it
has been in the past; that it may be
drawn therefrom with profit as the
markets warrant, and that 100 barrels
tionally better thing than 1000 bar
rels of production at 10 cents barrel.
The idea of permitting any oil to re-
main temporarily in the ground appears
SO 'intolerable to him. and all his en-
ergies are bent toward getting it out
at once, regardless of the direct cost
and of the lessening in the value of
his production. The most recent ex-
/ h hi of is of ho
pool developments. and history doubt
less will continue to repeat itself as
long as oil pools are found. 1t always
has been the producers way, and
probably always will be, though he
ought to know better. Bradford Re-
cord.
II B. Beymer has organized COM
pany composed of A. w. Nicholson,
John A. Bliss, ]. E. McClelland, w. B.
Cosgrave, John T. Nicholson, John c.
Beckett and Fl. NJ. Beymer to drill for
shallow oil in Meigs township, Mus
kingum county. Here is strong COM
pany and if there is anything in the
earth in that section it will be brought
to light. Our people are fast getting
the oil fever and we may expect that
all territory that has any promise what
ever will be developed. This is the ter
ritory, at shallow depth, that produced
so much oil about 1861, and of an ex-
cellent quality, selling for SIG per bar
rel and now worth So At that time
one we'll drilled in this territory pro-
duced 100 barrels.
A movement is now on foot in our
bustling little city to organize a gi-
gantic stock company with sl,0Oo,OOO
capital for the purpose of developing
oil territory. The company will have
at its head the very best business men
of this city and vicinity. The first ter
ritory that will be developed or at least
is now the objective point, is the Cum
berland field. This company will not
be confined to that territory however,
but at this time we are not at liberty to
point out all the territory. 1t will be
so arranged that any person can take
shares of stock and the same to be non
assessable. Cambridge Sun.