The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-05-29
WILL HANDLE OUTPUT
OF BEAUMONT FIELDS,
Waters Pierce OIL Company Ex-
pect to Serve the Producer
and the Consumer.
EQUIPPED FOR THE BUSINESS.
This VIII Solve a Problem That
Has Bothered the Texas
Oil Men - Mr..
Pierce Talks.
EQUIPPED FOR THE BUSINESS.

Rk.PuBI1C SPECIAL.
beaumont. Tex, May 2S.-H. Clay Pierce
president of the Waters Pierce oil Com
pany. spent to-day in Beaumont, coming In
from Houston in the morning in his private
car. He met President l. K. Knott Of the
Kansas City Southern. who also was here
In his private car. and the two drove out to
the oil field
Mr.. Pierce is chairman of the Board Of Di-
rectors of the Mexican National Railroad
and is director in the Kansas City South
ern. Frisco and Baltimore and Ohio rail-
roads. 1t is believed that his visit to Beau
mont was primarily to look over the oil sit
uation.
VIII Handle Beaumont Product.
REPUBLIC SPECIAL.
Port Arthur. Tex, May 2S-The Waters
Pierce Oil Company is preparing to handle
the output of the Beaumont oil field.
The question of a market for the oil Is
one that has caused some little uneasiness
among oil men. TheE had no misg1Vings
as to the demand. but It has been fire.
quently said that the getting, of oil to the
purchaser was n more difficult question to
solve The Waters Pierce company now
proposes to solve this question. and Presi-
dent H. Clay Pierce of the company gave
out something of his plans tonight.
Mr.. Pierce came over from Houston this
morning. and after spending the day there
in company with President S.: Il. Knott
cdIle mere lLte tflS AFTERNOON Inc hepuD-
lie correspondent. who called on President
Pierce, said he was here to lnaugurate
plans for the handling of the oil from the
Beaumont field.
"Ours is the only company with sufficient
equipment to handle the Beaumont oil, and
We propose to take hold of the matter. We
are now here to perfect these arrangements
and will begin on the details at once"
The Waters Pierce Company Is now op-
Grating extensively in Texas and Louis
lana, and their coming into the Beaumont
fell with hE fn hay 10 niI
Is a matter of great import. Mr.. Pierce
was in conference with President Knott of
the Kansas City Southern tonight in the
latter's private car. They were discussing
matters In connection with Mr.. Pierce's
new move.
General Manager Edson o. the Kansas
City Southern was also present at the con-
ference.
Would Construct n Refinery.
In speaking OF his plans, Mr.. Pierce said
his company would erect plant at Port
Arthur. by which 1t is supposed ho meant
a refinery and a pumping plant. 1t is also
known that the Kansas City Southern will
build biz, freight depot In Port Arthur
and it is believed that operations will he
carried on here on a large scale.
When asked how he intended handling
the OIL Mr.. Pierce said:
I'VE will buy from everybody and show
the same consideration to all We viii! be
prepared To ship oil to all parts of the
world. We will be in position also to fur
n:sh fuel oil to all railroads and u:apufac-
tores.'
When asked what he thought of the
beaumont field. Mr. Pierce remarked that
the field was now a very busy place. He
further said that the supply of oil would
unqueStionably be sufficient to warrant mis-
company in the expenditures that will he
made In preparing to handle the output of
the field.
Mr. Pierce will meet several expert oil
men during his stay here. and thorough
investigation Of the field will be made. That
his visit will mean much to the oil pro-
nj ftny, fhar a.. Ir.,,I
| judging from Mr.. Pierce's statements his
company will make extensive investments
In connection with its plans.
While other companies are boring wells or
contracting for pipe lines and tankage after
tleir wells are in. the Guffey company is
piping the product of its SIX. gushers TO
| cars at the field and hauling oil to nearby
consumers in tank wagons. 1t Is rumored
here. and not without some basis for the
statement. that the Guffey company is buy
ing oil from other companies on the hill.
| If this be true, then 1t is only in accordance
with the plans Of President Guffey unfolded
chartered. to the effect that he expected to
! Rave the most perfect facilities in the field
for marketing Beaumont OIL and that he
would be IN position to purchase crude
petroleum from the other producing COM
panies.
Arthur Rathbone of Bradley, Pa. an oil
expert. arrived here this morning from
tigate the oil discoveries. He saws that
wells are being sunk. but that oil has not
been found In great quantities. The Gov
ernnent requirements In the way of a per-
! centAge. he says. are something of n bar to
the development of the country. As he ex
plains II. the Government. reserves
cral rights to the land and gives the nros-
pector what 1t chooses of the proceeds of
mineral finds. II. s. REAvIS.
WILL PROSPECT FOR OIL,
REPUBLIC SPECIAL.
Louisiana, No.. May 2S.-Not to be out
done by other sections OF the State, Louis
lana Is working up some oil excitement. 1t
Is believed here that large territory iust
south of here on Buffalo Creek Is an oil
| field. Gas has been discovered on a tract
belonging to Ed Stark.
Judge W. A. Jordan and Captain z. II.
knight head n company. the organization
| Of which was begun here to-day, for the
leasing of lands and boring thereon for oil.
BUY PROPERTY NEAR GAS WELLS.
REPUBLIC SPECIAL
Texarkana. Tex, May 2s.-Since the dis
covery of gas at Annanias, La, thirty
miles south Of this place. there has been
| n plan on foot, headed by capitalists in this
city, to buy UP large territory around the
| gas wells. Negotiations were about COM
pleted to that end.
Spectators in Shreveport learned of the
proceedings, and went TO Annanias yester-
| day and bought the property. The purchase
practically embraces all Of the idle lands
adjoining the gas flows.
|