Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1901-09-06
HAWAII STRIKE IN OIL
WILL Use PRODUCT
EXTENSIVELY FOR FUEL
Local Company to Exploit Wells for
Local Use---Good Prospects Of
Successful q Famous
District.


of scenery, and products Of the soil.
California has added another resource
which as a wealth-yielder Is likely to
surpass all others. No sane man to-
day doubts that the development OF
petroleum in various sections OF Cali
fornia, more particularly in the great
basin of the San Joaquin valley, Will
work greater wonders in the evolution
of n great commonwealth than the
discovery of gold. It will overthrow
the Kingdom of Coal, and banisI SCOT
and smoke from the face Of the earth.
1t ia to bring the plantation mills and
factories of the Hawaiian Islands to-
gether. and In no section OF the United
States or the world at large will the
combination be more advantageous
than right here.
The use Of oil for fuel purposes at
the various sugar plantation mills IL
an absolute certainty. and meaLs an
annual saving In fuel and labor alone
which are two great expenses to-
day in the operation Of pumping plants
as likewise the driving OF ponderous
machinery for the grinding and manu-
featuring Of raw sugar.
The relative value Of oil from ar
economic standpoint when compared
with any other Of the fuel products
will be thoroughly, appreciated wheI
Il Is know, that a steamer Of the ca
pacity OF 5000 tons wastes enough
through the imperfect combustion
coal and the lost space required to car
nv II, as measured by the results an
requirements Of oil, to rebuild itsel
every ten years. Again, several dc
vices have been lately patented for tn
burning OF crude petroleum whic
pressages a revolution in the genera
ton OF heat for mechanical purpose
There Is btu one other section In Ca
fornia where the development Of oil
being carried on so extensively as
the Coalinga district in Fresno count
or where the results have been so sa
- isfactory for the capital invested. al
Z which is bound to increase by lea
4 and bounds. Nearly all the promine
Il oil experts have visited the Coalin
oil districts and have made extend
& examinations. and all agree upon |
q ultimate increased output largely
q exec SIS Of its present daily yield. As
3 result of the ultimate adoption of fu
3 in the Hawaiian Islands, the Pacifi
q Union Oil Company of California ha
q entered the Territory for the purpo
z Of interesting capital in their proje
4 for the development Of oil to partial
~ | tho onprnnuu cpp m ntiOn
3 oil when once adopted as a fuel.
4 The company has been duly incc
4 porated under the laws of the State
4 California, with a capital stock
4 $1,000 divided into 900 shares
x a par value OF 81 per share. The OF
4 GERS and directors OF the company a
4 men well known in business circles
Il the Mainland. Briefly stated the abb
3 company controls tract OF land In
3 famous Coalinga oil district in FIRES
y county. Cal, and in order to devel
3 their lands are now offering to the gs
y eral public $4,000 shares Of the capi
- stock for the purpose OF erecting
proper well boring machinery and
sinking OF a number Of wells. Up
the present TINE ho stoch hoo wv"
fered for sale in California, 1t bel
DESTROYS to make this purely HaV
iian enterprise, and where the prod
OF the wells when once developed v
he consumed.
From the results now being Obtain
from adjoining properties the comps
feel confident that they have g
property.
1t is n fact worthy Of note that
oil produced In the Coalinga dist
is of high gravity. and in point OF '
ne exceeds that from any other field
this section OF California. Up to
present time the operations Of
- above company have simply been C
fined to incorporation and the Ell
ton of derrick frames ready for
erection Of machinery and operati
will soon be commenced to deve
their holdings In a practical way.
to the present time the company
been most successful In having thro
their representative placed consit
49,. liable stock. The local agents for
III Hawaiian Islands are j ii. Fi5he