The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-05-11
Z DEAL IN TEXAS OIL LANDS.
Baltimore and PIttsburE Men at the
Head of n Srudicutc


NEW YORK. May U.-Papers will be
signed in this city today conveying to
a syndicate Of Baltimore and Pittsburs
capitalists, organized by Alexander ".
Fulford- Of BeIair. Nd. $500 acres Of
land in Jefferson county, Tex. a few miles
south Of Beaumont, in the newly discov-
cred oil fields, and between that city and
the Gulf Of Mexico The price to be paid
for this tract which has a frontage Of
eighteen miles on the Gulf, is about ST.
591gCa
Long before the discovery of oil at Beau
mont its presence had been noted by sea-
faring men. who in times Of storm and
stress were wont to anchor in the pools OF
oil which were plainly visible in the Gulf
twenty-five miles south of Beaumont.
These oil pools formed on the surface Of
the water less than mile from the cat
tie ranch of James T. White on the Gulf
coast. and the spot was dubbed By mari
ners White Haven
When the oil boom began at Beaumont
promoters and experts in mineralosy were
quick to see a connection between the
''gushers'' about the town and the oil
pools in the Gulf. Options were obtained
| on much of the intervening land and the
sequel seems TO show that the theories of
the scientists have been fully confirmed
Early in the excitement the syndicate
! headed by Ex-Governor HOgg and Major
/ Guffey. of PfttsbBrg. sought to purchase
the mineral rights of the White ranch,
/ but Mr. White had $500 head of cattle
/ scattered over his land and did not wish
I 10 be disturbed. Later, however, noting
/ the growth Of the oil industry, he agreed
/ to sell out if the purchasers would take
/ the tract in fee simple. He fixed a price
! equivalent to 80 an acre. and on this basis
! Alexander NJ. Fulford, of Belair. Nd, ac-
/ quired an option for sixty days
Mr. FuIford after comforting with his
! principals in Baltimore and Pitsburg,
! summoned Mr. White to New York, but
! as the owner Of the land is q very cid
! man and unaccustorned to travel, he
! charged his son-in-law. b F. McNulty.
| Superintendent of the Texas Deaf and
/ Dumb Asylum, at Austin, with this mis-
/ sion Mr. McNuIty arrived here last week
and has been an almost daily visitor at
| the offices Of Kountzee Bros, bankers,
| and Of the Standard Oil Company, il
! lower Broadway
! Mr. McNulty yesterday received tele-
| gram from ar. FUIfoTd which practically
! closes the biggest deal recorded in Texas
| oil lands He does not knos. who Mr.
! Fulford's principals ara. but is inclined to
/ think the syndicate may include Major
I Guffey and a Baltimore banking house
/ which has been identified with recent pur-
/ chases OF land south Of Beaumont.
| a pipe line now building by the GUfey
! syndicate. Of Pittsburg, viii render the oil
/ lands at Beaumont indeCeudcGt of the
( railroads. through the medium Of when
/ the Standard Oil Company has managed
! to squeeze competitors out OF other fields
] The Pipe line will connect with tIdeWateT
/ at Port Arthur It is stated that the
/ State will assume control Of this pipe line
| fixing uniform rates for all shippers Mr.
White the old ranchmaur who has solo
I ont his share of the pI Operty, has i9yt4
| resident Of the locality wnen Sam Hous-
| ton set up the Lone Star Republic and
| acquired his large holdings at very little
/ expenditure.