The Iola register., 1901-04-26
A HUMAN DYNAMO
An Interesting Story of the Way
Dave" Beatty Won out at
Beaumont,

City Star had the following to say of
d. r. Beatty former citizen and
business man of this place.
sd. r.. Beatty, who drilled the
gusher purchased by the National
Pipe and Oil company for million
and a quarter, is one of the strongest
and most interesting personalities in
the Beaumont oil field. He's shouter
for Kansas City. He went there just
after the Galveston storm, in the in
terest of Galveston sufferers, and
when he returned he had carloads of
bedding, clothing and othernecessities
for the stricken city. The people of
the South are extremely loyal to Kan
sas City, and Kansas City is spoken
of ten times where St. Louis is men
toned once. They also know of The
Stars gift Of the balance of the Mat
anzas relief fund to Galveston. The
State of Kansas also is well thought
of down there.
Mr. Beatty is like human dynamo.
He runs at high speed all the time,
and seems absolutely tireless. Night
and day he is hustling. He has made
several fortunes here since the strike
and probably will make several more.
The Lucas gusher came in January 10.
That night at l1:30, Mr. Beatty went
to the Office of the Galveston News on
business connected with the publica-
tion af relief item. While there he
was shown a dispatch giving the de-
tails of the coming of the Lucas. He
had only $50 in his pocket. 1t was too
late to get more. He boasded the Gal
weston train at lao a. M, changed cars
at Houston and was in Beaumont by I
o'clock. He had paid one-half of his
ready cash for railroad fare and a
hotel bill, and the second half, he
paid to Lige Adams for an oil lease
on the ten acres of ground on which
is now the famous Beatty gusher
For other leases obtained that day
he paid 1885 and for a total invest
ment of 1896 he and his friends have
since received 1t million dollars from
the National Pipe and Oil company
and million dollars in paid stock
from another company. The presi-
dent of the National company is
Robert L. Henry of Chicago, who
formerly had heavy investments in
Kansas City, among them the Warder
Grand Opera house, which he renamed
the Auditorium. National Oil stock
on capitalization of million dol
lars, is worth IS cents a share, against
a par value of 81, so it is claimed.
BEATTY'S OTHER OPERATIONS.
Here are some of the other remark
able rights secured by Mr.. Beatty: y
lease on fifteen acres in what is known
as Spindle Top heights, not far from
the Lucas. He got it for so, which he
passed over to a farmers little girl
for a new dress. For this lease, which
nets the farmer one-eighth royalty
on all oil taken out, Mr.. Beatty re-
ceived | million dollars in paid NJ
stock. which is now worth 80 cents a
share and promises to jump to Il
cents.
Two negroes in Houston owned
twenty acres Of land which cost them
81 an acre. They sold out for 500 600
Today their ground is worth 100000
Mr.. Beatty paid SO for what j.
, known as the Noble lease, covering
ten acres. For which he has refuseC
= $50, 600.
: These may seem eXtravagant as
sertions in the North but when me-
! pay 1927, 900 spot cash an acre an
. offer bonuses of 81. 600 and 1000 al
, acre for oil leases, these values ar
g possible and real You can't bu,
. land within a mile of the Lucas an,
5 Beatty wells under 81, 800 an acre
t and the field is far from being proved
4 but few acres a mile or two ava.
e are sufficient on which to base cap
a ital stock of million dollars in sue
1 times as now prevail here.
q Apparently Mr. Beatty has the nj
i most confidence in the Beaumont dis
. trict, yet he has sold most of his pen
sonal holdings in its heart and is re
e tanning, even increasing, his interest
z in what is known as Sour Lake terri
a tory, about eighteen miles north-wes
= of Beaumont, where he has refinery
l. and at Corsicpna, where he owns tw
!, wells and 80, 600 acres under lease. H
S also is working on a combination
= three companies here to be stocked fo
G total of million dollars. Jndgin
y from the enormous influx of none
IS here and the readiness with whic
a people invest, he will succeed.
n Apparently the old adage, "It's
. long lane that has no turn" apple
to Mr.. Beatty's case. He lost heavil
in the Galveston storm and had spel
about two months in Corsicana's fiel