El Paso daily herald. (El Paso, Tex.) 1881-1901, 1900-10-24
MEXICAN OIL FIELDS
WILL BE DEVELOPED ON A LARGE
SCALE
BY Capitalists Of the United States.
Los Angeles People At the
Head.-Mexican Central Runs
Through the property.

Two special cars. bearing the big,
broad legend. "AtchiSon, Topeka and
Santa Fe railroad, have been in the
yards of the Mexican Central for sew
eraI days past. occupied by nearly a
score of gentlemen who only asked Ito
be let alone" and had no news for the
newspapers. Last night these cars left,
over the Central, carrying their mod
est occupants with them. But a story
was limited. and this story. as vaguely
ninted at by a railroad man of prom
inence. contains the information that
the gentlemen represented one of the
biggest companies ever organized to
exploit Mexican products.
This company is and to be the Mex
leo Oil and Development company,
which has filed articles of incorpora-
ton in the city of Los Angeles, under
the laws of the state of California, and
whose capital stock is ten million dol
lars gold. The company proposes to
operate for oil and metals in the states
of Tamauplipas. VeracruZ. Nuevo Leon.
San Luis L otosi, Queretario. Guanajua-
to. Hidalgo. Mexico. TlaXcala and Pue-
bla. Its capital stock is divided into
ten million shares at dollar, gold. a
share. and ii mas already purchased for
the purpose of development 10000
acres of land about $50 miles northeast
of this city. near Tampico, for which
81 200 900 is said to have been the price
agreed upon. The company, has also
leases of lands in other Mexican states.
Ii is said that contracts have already
been signed whereby the product is to
be sold to the Mexican Central.
There are "a stockholders. among
whom are: G.. A. Garfield. Edward l..
Doheny. III. A. Chanslor. Hon. r. j.
Waters. Senator George c. Perkins. f.
p. Ripley. president of the Santa Fe
railway: 4. b. Butler, the Fresno rails
in king of California; w. G. Kerchoff:
Re: C. Z. Crazy, A. p. Maginnis. Chas.
Wellborn. f. r. Stimson. Joseph
Schloss. b. F. Brooks; w. G. Nevin.
general manager of the Santa Fe: NJ.
ii. Herman. +. Il. Clark. ID. III. Hart
w. II. Graham. J. J. Fay. III. Nj. Nc
Intosh, of Chicago: w. +. Hodges, gen.
eral purchasing agent of the Santa Fe;
r. C. Kerens and Z. ID. Kenna.
The directors of the company are C..
A. Garfield. T.. l.. Doheny. w. G. Nevin,
X. j. Waters. w. G.. Kerckhoff. E. T
Timson. J. A. Chanslor. all of Los An
geles; Ed Kenna, St. Louis; Addison
Lysle. Pittsburg. Pa.
a gentleman familiar with the pro-
ject said last night: 1T is the most
gigantic enterprise ever launched on
the oil business in Mexico or anywhere
else, and therefore is of more than or
binary interest
For several years past spasmodic
operations have been carried on in
Mexico in connection with the produc-
ton of oil. and petroleum is mentioned
as one of the industries of this country
but. as You know. large quantities of
oil have never been produced.
For some time scouts have been
prying about in the foothills along the
Sierra Madre mountain range back
from the Gulf of Mexico. in the inter
ests or a company of California oil men
The result of their discoveries was the
organization OF the company above
mentioned. which has purchased in
fee 400. 900 acres of land and has under
lease 10000 acres. The property lies in
the states of Tamaulipas and San Luis
Potosi and about 80 or 60 miles north
and west of the city of Tampico. Ey-
cry bit of this land is said 90 be ex-
cellent oil land and seepages and sand
groupings are numerous in every direc-
ton.
The Mexican Central railroad runs
through the heart of the property
which Is described as slightly undulat-
ing and hilly. easy of access and well
suited for operations. The transpor-
tation facilities are excellent and fay-
orable rates can be seured on the rail-
roads.
1T is said that the company has
been organized to produce oil. and.
rist as soon as the details are arranged
work Will be begun at once on the de-
Veiopment of the property. Contracts
nave been already signed whereby the
product is to be sold to the MEXICAN
Central railroad. Half of the capitaI
stock has been subscribed and there
viii be nothing slow in connection
with development after it has been
commenced. Two Republics.