The Lafayette gazette. [volume] (Lafayette, La.) 1893-1921, 1901-11-02
.cARAcRlsTrs OPINION
or tho Probabilities OF the Louis
lama ON Fteld-Talls About
Beaumont Gushers.

sana ON Fteld-Talks About
Beaumont Gushers.
EmpaOyed by Southern Pacific
TO Make Investigations Along
Atlantic System.
A Special from this town, dated
Oct. 40, to the New Orleans States,
says:
nc +. z. Caracristi, c. f. E. M,
wA0 = here completing his report on Louis
iana petroleum and gas, has been instructed
BY some of his New York and London
clients 70 report on the Gulf and Interstate
railroad of Texas.
DR.. C.rachris,i who is and has been i'll,
was seen by a reporter, and in speaking of
this railroad, said: 81 am in very pecu-
liar position about this road, having been
directed by two of my clients who represent
antagonistic interests to report ON its feast
bility, 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 plan of pro
cedure. Until hear from him cannot say
when actual work will begin, but there is
ample capital behind the project whoever
gets the road. There is a proposition, and
have just received a telegram on the sub
ject, to consolidate the Baltimore, New
York and London interests. More 1 can
not say
cit was learned last night that Dr.. &. F. Z.
Caracristi had been retained by the South
ern Pacific Railroad Company to make a
-, :k~:I 81. IL
its atlantic system: called to see DR.. Car
achristi at his hotel, and although he was
still i'll abed, where he has been for some
weeks, he received me with expressions OF
pleasure
81 learn said, '.that you have been
retained by the Southern Pacific to make
report on the oil fields along its lines, and
have come to ask you to confirm this state
ment.''
'.The information is quite truey' said DR..
Caracristi, sand wish to state that it will
afford me great pleasure to be able TO
show the possibilities of louisiana have
made known those of Texas. You may
know, perhaps, that the Southern Pacific
has already published in one of its folders
my report on Texas, and what am now
about to do is to broaden the field and go
into more minute details and show in
sketchy style the great oil possibilities of
the Gulf plateau and the use to which this
oil can be put and the effect it will have
upon the manufacturing industries of the
South and Southwest.
ssYou know said DR.. Caracrlsti, "that
am no great believer in the Monte Carlo
gambling at Beaumont; nor in the gushers,
except when they, or one of them, is sur
rounded by sensible acreage and not limited
to a mere soda water tank.
81 believe in the great oil fields of Florida,
Alabama, Mississippi, Louisiana and Texas
/ believe it the greatest petroleum and gas
field in the world an6 believe it will revo-
lutionize maritime steam navigation and
help the cause of industrial development and
human progress, but the stability of the
petroleum industry will come from other
sources than pindle Top. No one can ac-
knowledge the value of Spindle Top more
than I, because those having reasonably large
acreages there are moderately certain of a
large product ion; while others in the real
estate business sell to the guliible small
parcels of land which they spout their
soda and telegraph to all the newspapers.
ssAnother great gusher at Beaumont.
nc WITH PIOOuSuOu - oCiiSSu
from settled production from small wells,
the same as the wealth of the country de-
ponds upon the people who have from
81 200 to $4,000 rather than upon the mill
lionaires. Beaumont will not any more
make Texas great Oil State Except
temporarily than J. P. Morgan makes New
York rich city.
ssTexas and louisiana are bound to form
the center of the Gulf petroleum business,
and the sooner people begin to appreciate
the constant value of small wells the sooner
will these States enter the arena of actual
and not mushroom progress in the Oil bust
ness. In both Texas and Louisiana there
are hundreds of locations that will give oil
in paying quantity, but the people are only
satisfied with gusher.
ssThe worlds attention has been called
to the value of the Southwestern oil field
and it has come to stay by the opening up
of new productive spots in this vast field.
s.To-day there is more room for legitimate
investment in the Southern petroleum helds
than ever before. provided people realize
that Beaumont is not the only petroleum
field along the coastal plains, and that
eushers do not form the worlds petroleum
supply.
t'Beaumont is developed and needs but
little help SO now let us help the rest of the
field even if Beaumont promoters do get