The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1899-11-24
|. LooGoorEEs BIG dAs AND OIL FIND.


has quietly nestled IN Inc western
slope of hilly Martin county With
of consequence 70 attract
the attention oi tie outside woIld-
In all that time il has grown 10
population of about ]. 80 IL ha-
supported good schools, churches,
establishments ana live.
stock and lumber shipping indus
trie-. It. business mn have been
conservative. modest and discreet
Wien they undertake q thing there
i no olashing or di-cOrd- Il never
fails TO 20. They back their luds-
meni with their purses ard Use ioi
any emergency that disappointment
may require them 10 meet Martin
county. except the river and creek
bottoms. l. dot regarded A. a pro-.
ductiye farming country. ani II II
only by the very hardest labor that.
many II IL farmers have been en-
ablei Ia secure the necr>-arles Oi.
life. Within the last few years a
number Of excellent coal mines have.
been opened Il set the people
thinking. If the opportunity Tor IN
vestment and enterprise i 20 meagre
on top Of the ground il might be
developed below the surface When
the large How Of gas was icund ii
the Jumbo well a. Petersburg. two
and one-half years ago, LOogSoiee
citizens became interested. hey
called public meetings and talked
the matter on the street corners
They profferei their money and
united influence 10 make an Inves-
iiration. and in June, 1897. the
Ioogootee Prospecting company
Wa organized. ExRepre-entaiIye
A. ". Porter was president; Henry
Wood was secretary and William
Houghton vas treasurer Ine busl
ness oi the institution was entrusted
to the following directors John
Huebner. ". c. Vanhoy. John
L.arkin. ]. c. Trueblood, Charlie
: Patterson and Joseph George In'
capital stock was - COO and lssues
: in shares of go each The peopl'
bought them In September g
! that war the first we'll was beguI
4 lust south OF own After going o.
feet the drill was lost ano il tool
! Fix months extra work 70 rescue Il
: Ii was found April /. l>s>- and tn
4 town took a holiday. Down wen
i the driller- 10 a depth Of 200 Zee
|, and they were rewarded by tindin
"a dry hole
. The stockholders, undismaTed
! emptied their purses into the treas
4. urs- Another attempt was ma1
at a point one quarter oi a mil
northeast ~ well No. L. At dept
II 5.;5 feet. IL the strata OF Neele
"srit. ga vas found aud the tow
:, Al once assumed new iife. The rcc
q pressure Wa l>1 pounds and II
y volume az gas 2>5,eeU cubic tet
VI every fweniv-four hours. Amp
=, funds were quickly supplied and II
q derrick moved further noithea-
: Another vel went down and
: heavier fiow was fOunsi-ls. pound
pressure and a daily output Of II !
a 90 cubic feet Of gas The flow
n these two wells j. steady and
Il gradually increasing Stock IN Il
- PROSPECTING company was worth
ih face and investors were ready ~li
L the mo -ev. The town trustees al
al ed the enterprise by sub-crlbir
tifty shares and in a few noIe da,
well No. 4 was being drilled I
Oct. ,. last. the startling tind W
made at a depth Of 80 feet II n
:, rock pressure " l9> pounds al
=; II ,w of so, $40 cubic feet of 2
nu daily. and. besides, has surta
:" f,w of sixteen barrels OF the fine
~ crude oil in the state
The news of the discovery W
' given 10 the outside world and L.
N gootee found a place on the Ma
- The agents Of the great OIL col
ranieS came with a rush and b
81 fore a week had passed tNo dO1
. y, of them were besieging the lal
ioi owners f5r leases. The farmer hi
o. become king. Esery available AZ
~ f5r miles around LoOzooiee has D.
Oe leased. In most instances the pr
pector agrees u give one eighth
the oil, and in some cases p.Is---ix'
'ht A few farmers have realized go
~ premiums for choice tracts IN
~ iireci line of the wells The Nee
n company. Of Lima. OniO, has
isn bulk oi the territory. having recS
ien "a slxiv--lx leases. covering ab
300 acres. The home compa
~ second and hastw-rty-nIn@ tras
A- IN ail aeout LOO acres. Nalua
"a locations and concessions have .
NJ ben secured by Kerr. CroSser
Nancleve. the standard Ol C
!. pany, the Acme OIL company,