The daily morning journal and courier., 1898-09-06
 CORSICANA OILFIELDS.
Their Promising Future-Senator Mi
 pfoh ATon

Their Promising Future-Senator Mills
 Becoming a Rich Man
 Lieutenant- Governor George T. Jes- ter, who for the past several days has been serving as acting governor during the temporary absence from the state of Governor Cufbefsofi, is of the opin- ion that the oilfields of Corsicana are destined to equal the oilfields of Penn sylvana and Indiana in point of pro- duetion. He states that the fields are being constantly developed, and that oil In paying quantity is struck in nine wells out of ten. The total production of the wells in and around Corsicana is now about twenty-five hundred barrels daily. New wells are coming In almost daily, and the limits of the fields are constantly being extended. The cost of each well, including pipes, derrick and tank is about one thousand dollars. Nearly all of the wells are located on leased ground, The crude oil is sold in the storage tanks at fifty cents per barrel It is the general belief that the purchaser of the product is the Stand ard Oil company, although the busi- ness is transacted in the name of an- other company The company which has the monopoly of the business of buying the crude oil is now erecting an oil refinery at Corsicana. the cost of which is over one hundred thousand dollars.
 The fact is not generally known that United States Senator Roger Q. Mills is rapidly becoming an oil magnate through the development of the Corsi- cana oilfelds. Senator Mills owns a large tract of land near the town of Corsicana, but he had never been able to make any money out of It. Soon af- ter the first discovery of oil in that To- cality Senator Mills entered into con- tract with capitalist of the town by which the latter was to furnish the money with which to put down a cer- tain number of experimental wells on Senator Mills land The two men were to share equally in the profits from the sale of the oil, should any be struck. The first well proved to be one of the best producers in the district, and about thirty more have been put down since then, all of which have good outputs. Every barrel of oil represents so much tusH liic IlOIHtIlt IL 6itcIS luc SluI dSs tank, and it is said that Senator Mills daily profit is in the neighborhood of one hundred dollars. Many people in Texas were at a loss to understand why it was that Senator Mills drew down from the race for reelection to the sen- ate when his chances for success were so favorable. But it is now understood that he found the counting of the pro- ceeds from the sale of his oil much more pleasant vocation than that of serving the people of Texas in the Uni ted States senate Twenty-Five thou- sand dollars per annum income from oil wells is much better than five thou- sand dollars per annum as senator. Additional wells are constantly being drilled on Senator Mills tract of land, and it will not be surprising if his daily income does not increase to two hun dred dollars by the first of the year, or before his present term as United States senator expires. The people of Texas can hardly realize that Senator Mills has become an oil magnate, and is now transacting business direct with that great monopoly the Standard oil company-a trust which he and every other good democrat in the state has been lighting bitterly whenever the op- portunity presented itself. Money makes strange d-fellows.-Austin Dlspatch to the St. Louis Globe-Demo- Crat