The weekly Iberian. (New Iberia, La.) 1894-1946, 1901-11-02

LIZ va CAAc ~ go ~ 49, ,
IS here completing his report on
Louisiana petroleum and gas, has
been instructed by some of his New
York and London clients t. report |
on the Gulf and Interstate railroad
OF Texas.
DR.. Caracrlstl, who is and has
been ill, was seen by reporter
and IN speaking Of this railroad,
said: ~ am in a very peculiar posi-
ton about this road, having been
directed by two of my clients who
represent antagonlstic interests to
report on its feasibility, etc. | shall
very probably have competent
corps of engineers in the fields in a
very few days, and learn what is
actually in the proposition. My
chief assistant is now in Houston
laying out a plan of procedure.
Until | hear from him l can not
saw when actual work will begin,
but there is ample capital behind
the project whoever gets the road.
There is proposition and | have
| Just received a telegram on the
subject, TO consolidate the Balti-
more, New York and London
interests. More l can not say"
1t was learned last night that Or.
lie. F. z. Caracristi had been re-
tanned by the Southern Pacific
Railroad Company to make a
detailed report on the oil possibili-
ties along its Atlantic system. |
called to see DR.. Caracrlstl at his
hotel, and although he was still Ill
abed, where be has been for some
weeks, he received me with express
sions of pleasure.
81 learn" sa,d, ''lhat yod have
been retained by the Southern
Pacific to make report on the Gil
!, fields along it's lines, and have
, come 10 ask you to confirm thin
: statement.
tsThe information is quite true,
said DR.. Carac,sti, sand / wish to
state that it will afford me grea
! pleasure to be able to show thu
] possibilities of LOUISIANA as hav'
> made known those of Texas. Yo,
may know, perhaps, that thu
3 Southern Pacific has already pub
!. ll:shed in one of It's folders m,
report ON Texas, and what | an
now about to do Is to broaden tn,
field and go into more ninut,
details and show in q sketchy styl
$ the great oil possibilities of thu
9 Gulf plateau and the use to whic'
9 this oil can be put and the effect i
9 will have upon the manufacturln
industries of the South and South
e west.
"You know said DR.. Caracristi
e .s,hat am no great believer in th
/. Monte Carlo gambling at Beaumont
4 nor in the gushers, except whe
they, or one of them, Is surrounde
by sensible acreage and not Unite
. to mere soda water tank.
= 81 believe in The great oil field
:. of Florida Alabama, Misslsslpp
y Louisiana and Texas. believe
$ the greatest petroleum and q
J field in the world and l believe
= will revolutionize maritime steal
= navigation and help the cause {
= industrial development aud huma
= progress, but the stability of tt
- petroleum industry will come frol
other sources than Spindle Tol
= No one can acknowledge the val.
!. Of Spindle Top more than b
I cause those having reasonably iarf
i. acreage there are moderately &c
= tain Of . large production; VIII
. others in the real estate busine
q sell to the gulllble small parcels
!. land on which they spout the
Il soda and telegraph to all the new
papers, "Another great gusher
Beaumont. ?
= "The worlds oil production
derived from settled productle
! from small wells, tie me as Il
!. wealth Of the country depends npe
{ the people Who have from 500
= to $4,000 rather thar upon Il
milllonalres. Beaumont will NJ
any more make Texas 4 great o
produced Except Temporarily tia
III. r. Morgan makes New York