Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-04-22
RICHES IN TEXAS OIL.

sires to sail from New York Monday for
| Paris
RICHES IN TEXAS OIL.
No Abatement of Interest IN the Big
Gusher.
| Dallas, Tex, April 2o.-There is no
sbatenent of the interest in the Beau
situation. The fact is mate
lial interest is increasing. Shares in
oil companies are going as if the per-
sons of small means had been selzed
With a craze.
Not less than s1.0Oo.OOO in cold cash, 1T
is estimated, has been paid in for shares
icf approximately fifty companies that
l.rave been organized during the last
thirty days.
Not more than a dozen of these com
FRAMES own land in the Beaumont oil
! district. Promoters procure an option
lon piece of prairie land. organize a
company With the name Beaumont
Il onnected with IL, publish a page adj.
Lin the leading daily newspapers am
rouncing anywhere from 100000 to ST.:
100000 worth of stock for sale at from
10 cents TO 20 cents share of 81 par.
| value. place the stock on sale with real
estate agents on the commission plan i'll
4 the leading cities of the state and the
snllible public does the rest
About a dozen companies are EXEMPT
1 from thissestimate They are solid, own
land and are developing wells. Their
shares are being sold at comparatively
high prices and are not being doomed
! by the red lemonade or side-show
smethod.
( There are six big wells open at Beau
mont. They are called eusherss and
ifl;e name fits than. Their aggregate
capacity is from 100000 10 So00ou barrels
Ia day They are not being operated.
however, as pipe lone. forage and ship
\ ping facilities as Wei as a market are
Yet to be provided. But these Mil come
LIN good time ard this owners and stock
investors viii be winners.
Some big fortunes have been made at
l7tssaumoiat mostly by comparatively
peer persons. who have long owned land
under which now there is known TO be
E.oii Congressman s. II. Cooper has been
! Very fortunate. His properly values in
TIE oil beit are rated all the way from
quarter 10 a half million dollars
Martin Littleton, a former Dallas
lawyer, now connected officially With
Me legal department Of New York City
and q Tainniany Hall Leader, has eome
IN for much Wealth. He rnarried Il
granddaughter of Judge O'Brien. Five
3theusand acres nf Judge so,Srienis land.
worth a Year ago perhaps dollar an
sore, = rated now in themilions. Part
liel II mas been sold at fabulous figures
/ ;c an EASTERN syndicate. Neal Starke.
the Dallas photographer. has profitsci.
liig much the same way as MIR Littlaton
Ea lfather former treasurer of Dat
\ las county has cleared up approxi-
naateis sl5o.010 profit on some indiffer-s
kent land. George and isaac Jalonic. in
isutanea agents of Dallas and San Anto-#
lso. estimate their gains at quarter of
a million dollars.
NJ. A. Shunala. of Dallas, had what
| he called a little farm shack down on
4 the Neches river. on which he disliked
ieven to pay taxas. and on which he
lived not more than thirty DAYS in the
gear ON TUESDAY last ne sold few
acres of Il for s5Noao cash. and Saturday
an oil company among his
friends With s3oo,o00 capital to develop
the rest Of tbs property He will soon
he millionaire. his friends say
w. z. Sharp, a professional we'll dig
Fer, ma banked more than xlbn.00O since
Hast January. and has secured some of
A the best oil land in the district
Writ Davis son of the late Judge
/. Davis of Dallas. has probably made not
Hess than si,Ooo,o0o in cash thru the in
crease in the value Of il.oo0 acres of
land. He has also organized a strong
oil company to develop part of the
4 Davis estate in the oil district
~ is reported that Mr.. Davis has been
A eligaged by ]. Pierpont Morgan to engi-
Eeer an immense deal in the line of
''narmonizing" the oil interests. ii is
i understood that behind Morgan is the
I standard Oil Company The plan is to
unite as many as possible of the best
lacompanies owning land about Beaumont
Il end Sour Lake into ore powerful OF
ranization. 10 be financed by Mr.. Nor
gan. and eventually absorbed by the
! Standard Oil Company