The indicator., 1897-12-04

Not long ago a man took the Job of
boring an artssian we'll down at La
Junta He got the water, and the sigus
OF oil were 30 strong that he begged to
be permitted to go down little further
and he would get oil and gas in quanti-
ties, but they let him of at the compile
ton OF the contract. That same man
has investigated the oil signs in various
parts OF Pueblo and stakes his rsputa-
ton as an oil expert that beneath this
city lies lake OF As good crude oil as is
to be found in the Wss.. Not only that,
but gas and coal il here as well, and he
would like to demonstrate the fact to
our citizens.
One day this week few public spir-
tied citizens were discussing the matter
in . downtown Office, and one Of the
parties said that from an expert exami-
nation the test could b. made thor
oughly at . depth not to exceed 1900
feet. Another declared that 1000 feet
would suffice, and he was sure oil would
be found at that depth; but At any rate
all agreed that 1900 feet wsuld do at
the outside. The deepest srtssaan we'll
in the city is the one at the steel works
which is 1,65O feet. Clark's we'll 10 400
and the one at the Farris hotel is / 400
feet deep. Therefore: at NO point has
sufficient depth been attained. about
1,4O0 feet being the greatest point
reached, an allowance of $50 feet being
made for the steel works we'll on account
of it being started on tho hill.
1t is we'll known fact among the oil
Wizards Of Psnnsylvanis that petroleum
seeks natural basin and il found in
lakes when found at all. Pueblo il sit
uated in enc Of those basins to marked
degree, the elevation .. all sides being
greater. Furthsrmsrs, oil in abund-
snce is found at Florence 10 miles west
and not nearly so we'll calculated by ma.
ture to harbor the precious fluid. The
topography OF all this section Gays, bore
for oil at Pueblo and you will strike it
rich.
Now, leaving out Of this article any
talk Of the stupsndous possibilities Of
this being an oil center. let US say
word in regard to getting at the propo-
sition in business like manner. Sup
pose twenty hustling and Trustworthy
mon were 70 get together and organize
stock company. Stock it for, say, 100000
shares and sell the stock at cents per
share, which would be equivalent to $50
per thousand or IS per hundred shares.
The sum Of 5000 would be oil sufficient
for the boring Of the well and making =
thorough test. In fact it would not re-
quire 80 much. Let every man who can
be induced to do 20 take stock in the
company from Is up. Issue certificates
in regular form to these who 60 in 20
that they will feel that they have an in
terest absolute in the experiment. In
this way it is almost certain that enough
money can bs raised. Why, there would
hardly BE- real estate holder in the
vicinity Of the place where the we'll
would bs bored who would not jump at
tho chance Of taking stock lberally.
1t il time to bsgin doing something.
and this plan or something along this
line should b. adopted and start the ball
rolling. The frat thing 70 do il for the
twenty mon to get together, properly or
ganiss the Pueblo Oil. Gas 4 Coal De-
vslsping company, subscribe libsrally
themselves and then get out and ssll
stock among the citizens. The sxpsri-
ment costs little and might amount 70
millions