The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-07-07
A BIG REFINERY PROJECT.
Senator Towne Is Behind II and II
Is a Go.
TO HAVE TWO MILLIONS OF CAPITAL
thcut Three Hundred Men WIN Be Given
OBSERVATION-DISCLOSURES Expert
ments with Magnet.

This does not mean that nothing mas Deen
done bat no gushers have been brought in
and no unusually large deals have been
closed up There has been unusual activity
In the line Of development. however and
fhere IS a perfect hum OF activity IN thu
neid. Every day has seen the starting
OF one or more rigs on Spindle Top, and
two more Immense steel tanks were begun
this week Had II not been for the strlk-
ing Of gas pockets. which wrecked the ma
chinery and derricks the Gufey company
would perhaps have brought In two wells
this week, or they would have at least
reached the oil level with two wells. The
nrst wen that 'blew out" Is now under
way again. and a new derrick 10 being
built for the second well It's derrick having
been wrecked by the stream Of gas and
rocks that came from the well.
~
An enterprise that is attracting much
attention in Houston just now is that Of
former Senator Charles A. Towne and 9TH
srs TO build refinery here
Mr.. Towne will arrive IN this city TO.
night from the West. he comes direct from
bis home In Duluth. having gone there
for few days with his family after spend.
Ing a month IN the Eastern elites. Senator
Towne has been absent from beaumont
on one Of the largest manufacturing en-
terprIses which has ever been contemplated
for Beaumont. The enterprise win have TO
do with oil and the various products which
can be obtained from It. The organization
will be chartered under the laws OF Texas
and WIN have a capital Of 100000. 1t Is
probable that ex Senator Charles A.
Towne win be president OF the company
and s. NJ. Scott OF this city will be the
vice president. The company viii be char.
tered under the name OF the Central As
phalt and Refining company and will have
general offices In Beaumont. where win
also be located the manufactures OF the
concern. Tho organizers or the concern in.
cluds aoms Of the most prominent fran
elers In Msmphis st. Louis, Chicago New
Tork, New ORLEANS ana San Antonio.
The purrossepf The organization Is 10
Manufacture from the Beaumont crude oil
all Of me many PRODUCTS Of which the oil
IS eapabls The reclining establishment and
Its kindred industries will cost $3.50, 900
and will employ about 800 men. The com.
pany has acquired patent processes for re-
ducing the oil to commercial uses. ana
by means OF this process it Is said they
can obtain 40 per cent OF asphalt from
the crude oil. This asphalt Is 10 per cent
pure and viii be manufactured FOR two
principal uses-p paving and for paints. The
product Is said to bs capable Of max,
ing waterproof paint which excels any
thing % the kind ever known before. They
also obtain from the oil four grades OF
Illuminating oil and several grades OF iubrl.
eating OIL They also have process by
which they can use a low grade OF rubber.
which IS at present unserylceable, with
product Of this oil and make theretrom
n rubber which can be used In the manu-.
fncture Of all sorts of rubber goods. There
Is almost an unlimited Held for mauurac.
turing small articles Of great public utility
from the reslduqm OF this oil.
or course the details of the Organization
nave not yet been completed, bur the lAr2-
er matters nave been settled definitely by
have beeu absent from the city The con
Germ viii not make an EFFORT TO sell rhe
STOCK about the country generally. but mas
glready and VIII continue TO enlist large
investors
The statement that those who had pur
chased land from the Hogg swayne syndi
cate had found themselves ''bottled un.
with no way of getting their oil 10 the
railroads or to deep water-in fact, that
they would not be able 20 remove the oil
from their own property because OF lack
OF right Of way over adjoining property
for their pipe lines, caused some uueaslness
among those not conyersant with the facts
and no doubt made nonresident stockholders
OF companies that have purchased land from
the syndicate feel that mistake had been
made The statement Is erroneous for
Il is stipulated In each conveyance that
the purchaser has the right OF WAY over
the adjoining property TO the street, and
thence on the hill the syndicate having
provided for that in making the purchase
az the land.
The Higgins oil company loaded a barge
tcday At the foot Of Pearl street Their
eipe line runs 10 the waters edge and
fcrY short time was required to put 1000
barrels Of oil into the barge.
~
There has been a great deal Of interest
shown by tho OIL people in the theories
ana experiments Of Mr. A. P. Laneston.
Yesterday a party OF gentlemen went out
10 the oil fields and operated ali over ID
hill with the magnet, aud the results to
say the least, aIe startling aud puzzllng
IL Is said DY those who aeye in tho
party that not single mistakc has yet
uceD Hade in determining the location OF
~ , one well Known by certain parties
= dry, but about which Mr. Langston
! q nothing, he was told that this was
a known producer. on had been hauled
aud poured around the surface OF the
SO that this seemed to sbe true,
but the magnet indicated that the well
was a dry hole and Mr.. Langston Insisted
that this must be the case, and so 1t was.
This was very convincing proof TO some 0f
those hresent, and number Of firm be.
iieyers Ia the magnet and Its value Ia
determining the location OF oil can now
be found.
Another interesting discovery Is that the
magnet works as Wen IN the hands OF
some others as IN the hands OF Mr.. Lang-
ston himself Mr.. ]. NJ Reagan OF Dallas
states that he sQuatted down on the
ground and held the string, now yery
short, and rested his hands on Lis knees