The Providence news. (Providence [R.I.]) 1891-1906, 1901-04-18
Product Of Texas Field May
Be So Used Before Long.
ITS LOW COST IN ITS FAVOR.
Many Companies Are al Present Engaged
10 the DevsIsFmsni Of The Wells
Around Beaumont.

II Is the opinion or former Governor j
S Hogg of Texas. who has spent con
siderable time at Beaumont investgatins
the new Oh held. that the discovery o
oil in such bountiful quantities will revo
lutonize the fuel question Of the whole
world
He says that the manufacturers Of this
country and Europe have not yet come
10 a sense of realization of what the
wonderful oil discovery and development
In the Beaumont fields means 20 them
The problem that now confronts the oil
producers Of the new district is what shall
they do with the oil
Ii has been correctly asserted 10y an Of
fetal OF the Standard OH company that
the present demand for fuel oil in this
country boes not amount 10 the output
OF one well In the Beaumont district
But producers say that the demand VIII
be Increased rapidly, and they are hard
at work building up market
over 10000 barrels OF oil have been
SHIPPED TO New York Philadelphia, and
Pittsburg while over $1,000 have been
SHIPPED 70 Manchester and Liverpool. Eng
land. where the new fuel will be given a
practical test.
TEST OIL FOR FUEL.
The American Sugar Refining company
sent representative TO the field to inves-
tigate, and so well satisfied was he with
the saving that would be made over coal
sl.. h. n
$500 barrels 10 be shipped 10 Cuba, where
II viii be burned in one of the largest
refineres OF the trust located on the
Island.
II this test is successful. the oil will be
used In all the refineries of the American
Sugar Refining company.
The assertion IL made that oil from the
Beaumont field can be delivered TO the
manufacturers OF Pttsburg, Pa. i'm the
very heart OF the coal region. AT cost
cheaper Than is now being paid by them
for coal
The charter OF the National Oil and
Pipe Line company of Beaumont, Texas.
with a capital stock of 5000. 900. has been
filed In the secretary of states office.
The purpose OF the company Is 10 de-
velop and market fuel oil
IL will build an extensive system OF oil
tanks and pipe lines In the Beaumont
field. II Is asserted by those interested in
the company it has no connection with
the Standard on company. The incor-
porators are:
Robert l.. Henry, Charles - Shed OF
Chicago John f. Mundy OF Logan county
Illinois. Charles y. Pullen OF New York
and George G. Mansfield OF jefferson
county, Wisconsin.
In addition 10 the above charter there
were filed Is other oil charters with
capital stocks ranging I'm amount from
S5cb0 TO 100000. The aggregate capital
stock of the IL companies which filed
their charters today Is s., 72S. 600
The excitement over the wonderful oil
discoveries In the new field is growing
rapidly and is spreading to all parts OF
the country.
EXPERT STUDIES THE FIELD.
Seven gushers already In the Beaumont
field is "A record which is adding daily
interest In the developments I'm the new
oil region
II seems To be generally recognized that
the great value OF the oil Is it's quality
as "a fuel placed by nature where n is
capable OF doing the most good TO 4he
greatest number at the least cost of pro-
duction.
This IL the position taken in sn elabor-
ate article, reviewing the worlds oil
trade, but having special reference TO the
Texas situation, published IN the Manu-
facturers Record and written by stu
dent OF the oil situation from the broad
est kind of standpoint
The writer sketches the situation In the
oil fields OF the United States, Russia.
the Dutch East Indies. and other coun-
tries, and. returning to the study OF the
Beaumont field. writes.
rl.1 at.1 ...l..
mont oil has over any other oil in the
world is in the fact that II can bo pro-
diced and marketed at a minimum cost
Being produced within Is miles of
seaport. IL can be piped into tank steam
cfs az a cost SO small as 20 be almost
incalculable, and IL can be delivered at
the seaports OF the United states. Mexico.
the West Indies, South America, and
Europe al cost so low that no other
fuel can be used in competition FOR steam
purposes.
EASY ACCESS TO THE sEABoARD.
Fuel OIL from wells in the beaumont
neld can be piped 20 the seaboard az Port
Arthur and run into tank steamers at "A
total cost OF production and tranSporta-
tion not exceeding ~ cents a barrel and
as three and one-hali barrels OF oil are
equal TO one ton Of coal for steam pur-
poses. this is equal 90 the delivery OF coal
AZ the sesboard AZ a cost of IS cents
ton
THE location Is specially advantage
GUS for shipment 10 Mexico and the
West Indies. which arc the largest inn
rortcrs OF American coal receiving near
~ ~ per cent. OF all the coal that is ex-
ported. excepting that which goes Go
Canada.
"ln considering the export feature OF
fuel oil and the advantageous location of
The Beaumont Held. the growing import
ance of New Orleans and Galveston as
seaports should not be overlooked.
These ports now stand respectively
fourth aud nfth in thc value of their cx-
ports. which ln each case amount io more
than double that of san Francisco. ard
are only exceeded by New York. Boston
and Baltimore.
The coal used In tho United states
for steam and industrial purposes T.
about ~ per cent OF tne entire prpduc-
don. Wherever fuel OF has come info
with coal Tor steam purposss
II has practically driven coal from the
Held.
ut has done II IN Russia Il a. now do
Ink n IN California. and N will De- IL
Wherever " comes into competition with
roai which has to be transported Ions
distance
The article treats OF the Beaumont oil
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