The sun. [volume] (New York [N.Y.]) 1833-1916, 1901-09-22
TEXAS OIL LACKS A MARKET.
LITTLE or TINE PRODJCT or THE
BEAUMONT GTSHERS SOLD.


v ORLEANS, sept. ~ I'D" oi c"uh''g
OF southeast Texas has -ettled down To i-
FORMAL calm. and il now preparing To
profit by the wonderful discovery made
there last january. The Spectators. hnan-
cier~. agents and fakir= who rowde the
little Texas town Of bcaumDnt "a suhoca-
tion three months ago have -migra'ed'
and BEAUMONT. lately the most feveriSh
town la tho Union IL now fairly quiet.
The boom has passed "a" speculation
4. over. but the town has ln-' nothing by
the departure OF the sI-.culator- On the
contrary, It hAs now got down 10 steady
business and l. realizing on ia great min
cral wealth. or rather preparing 10 nealiA".
for the problem Of how to"Spor' and market
it's oil has NOT vet been sn."rd " VIII
reuuina tens. perhaps hundreds ~ millions
81 dollars to do this. and th" owners ot the
gusherS arr securing IA" North ana turpl"
20 secure the necessary Capltal. or irving
10 arrangr some form OF combination or
syndicat. that will not yiola'e the very
stringent and far-rcaching laws Of Texas.
enacted against combinations aud ained at
tho trusts
1he- laWs stand In IA" way of the rnpid
deycloprr-nt ~ the oil fields. or rather.
az the marketing of the oil, and u ~ not
imrrrhahlr that the Legislature will h"
urged % modify them 50 n ." encnu-ng"
this new industry which promises 10 bring
o. much wealth To- tho STATE But IN" "
lsla'urr - likely 90 ~ obstinate a. this
point Having rejected "mphancnlly 'ir
p~rnt"~rl made hy "a" rrc'nt We" York
commercial ard financial visitors :" nm"ud
is ANA 1ul.' avs. Il b. aut hs"l' y" weld
4. local irf,,.u,. IuI.rd. n has gone
50 Ear iu the u'hcr direction n &" rla0' n
T.. pr the ol coming from tho BEAUMONT
Nells. -, that M state WH' got ~ ~hhr"
~ d.. g-.o, uip,,,l 0rI iu Tcya.
T. tho meantime 'p' coordination -
,weu'r ~ o.. smaller CONT q To- La- t'y'1
mad. and a.ru'- luv" l--u sent hy ID"
c,,,,,. Co.,. Flr.., =. 80, k ,lpi'ai to haroi"
tie graur ~ tho" conn Hri's n"
In.ti,r 90 o.. uii ALE frr a. i'uu"rf"
a-,oiil- - atfal N.U.v Be- needed f'r
~. e.rrri'iog - o." u"''- sarv pig"
hras to CT, aeaiaard. ~" erection II
Uls-v.s. ARC ~" purchase ~ tank .traW-
90. Par' Arthur e. ~" natural point =
sim. ..,. for r. is tho nearest, hw' tho
" arrag. tr.a thor, - small AID j. under
,t... a., a.. uuirlv iu IN. hands or under
a.. ..r,ruI ~ 'lc standard Dl Company
80, I'm ,,., o,,b
WIZ q"
F''sl' ''. f'' 'hl> '."-" w
CoiUI arir- ar" disIo-'l III" g" tH''h'f ann
max. Galveston ur oven Nrw ORLEANS
49,, ,r.-, f,r ,Dcir ,l AIMS. line
49, -, ..,,,ly urc.J
" ' '"N
" u l'l'i". "H' 'hH' !" '"'l'F ''.
GionE ~" r'u'" ~" company N'u'd !" al''
q, dn a -uLsrdid business with the sugar
- .h,.h ,,. H., tho ,l f,- fuel ,,,r-
- -, Iii 49,. o.,
T'~ " ""
stl ply rua'F Uill"b GAI'iN Nv "N w wv
local factories 90 TAX" 10" pls"" ~ coal
Ard IA ,b. .tcawc-- coming n this port
r.. cot. ~ ,rair- NJ Nrauunur
w. " .r,
u interesting Inc 'N'"~ w" W. 80
on oct p, iqNn, and oil "a- -'"nck on Jan W.,
1901. AT 4 100 feet druth. Th" boom started
h, ,h,. c,sb,r caused COMPANIES 10 irill
-, 400 ,,i,s around
Tor "h '"i " W-'"" " '"
Beaumont. How many '"inl"n'H W.
ORGANIZED In m" Southwest '" dig Tor "il
.,d l,v much NANCY vas sunk in this
-. .,,...ibLo =, es,i,,n,. accurately
Wv ""' -
SOM" -hgW w" " '"'N" ~
may b" formed from 'h' OPERATIONS OF w"
companics around Beaumont There were
a,nani,,1 atog.,h., .7e comnanios to
- ,n 10 pcanno,t Gold and thew were
49, ~, co., 10, 200
oap,thnNra y. $1,000 oortv Soma
nan, Ut -, rc,r,o,a,inn
49, --t -. H. 49, .l ..Vtnanna.
buiHf AP'n "n H. III a., snr,l,s ,r
piCh'u W Ii".t'"i -. - ~ s,,,a
49, m",'N w /, e,ancaI :, ~.
rsl"'s ,'"r = ao, al sonc into III
$500 iva" -, orL.sns hs,u,sn
.,inlaIn !. - ~. H. niaccd
-Uo''.' ~ IL, 10, Ia. s,,Hsr,;r-
va hn,'u Nv ~ "a ,ha, IL
lohs NJ ~ hul"l rnu.h
NImvu q :" -, ~. ,,,aI ,ny.s.
cat,u'",l'1 ~""'u - -, h-,.,,r sxo -
mr'NS W ~, hn uholc cnun,ry
.o,opp anu $4,000 ~ S,n,bS.s,
III g''H' DUB am ILom N,ssi.~r,i
le1's I<,u.N"""'
anu AIsu'Ih" . al ,.oii
me Lucas Rusner ~. :,
in me Noru ~ It.s..n ~ Tha
u output was <o.op nnIr. "a, a..
I-d-l"th on ne'. 49, uNiJis - -
nsuIe uoNh 70 '%o' ou y - ~, 20 o,
sartiui 'siitna'e Tla''u /" "ula -.
n'rr"is uanN im' o.nr s" ~
from 'o''p 'o '"V' psi'''s ~,
Inc widest .~,lhate- 81 ~ m =,
w" i'AA~ on nelu w'lr uhuus'u :,
was even vnhl"h1eu w n ,,,a
Az Southess'srh I"sAs' sp'.an Il, y,
LOUISIANA ana ven ~, NV wv 'n. ~
AieAicp ihe ira :. ~ gu ~" nuu.,
now dehhl'"lN nAeu' anu " y "".n ~"
thhh wa "Ilsuha'' NuIp "a, ,h.-a
MANY llAll~tiA NfAAtAF !" ~ -