The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-01-18
valves Placed In Position Without Any
Great Amount Of Trouble.
FIRST COMPANY HAS FORWARDED cHARTlR
To Austin and IT'S stock n. Already
Mt Premium of One Hun
dred Per Cent.

changed TO reservoir OF oil under con-
Iroi OF the owners and from which can
De drawn a, pleasure by few turns OF a
valve an amount Of oil greater than Is
produced IN any one field in the United
states Messrs. Hsmill Bros. and their
foreman, Mr.. r. r. Dubbins completed
tneir efforts yesterday to shut oil the
NOW OF the great we'll and last night the
waive was slowly closed and the stream
OF oil instead OF shooting straight UP
INTO the air is now flowing at right
angles to the direction OF the pipe in
the ground. The force OF dhe stream has
not been entirely stopped, but II Ia con-
sderaby checked.
Tie process OF closing the well was
ABOUT as simple as could be imagined.
tnouSh IL was important to the success
OF the work THAI every small dotah
should be carefully adjusted. What Is
hnoWn IN machinery as a piece of I pipe
wBsh valve on each branch OF the 4
was screwed on the six-incn pipe from
which Issues the oil scream While this
pipe was oe.ng placed on the geyser both
valves were lett open and the wonderful
energy was permilHed ITO flow unchecked
When the pipe had been securely fastened
10 the six-ihch casing the top valve was
forced to issue from the horizontal pipe
and ls now flowing from this pipe.
Captain Lucas is having some large
IRON tanks made, both here and in Hous-
ton, and as soon as they arrive they Will
be placed near the well and drawn full
OF oil. Fur.her than this Captain Lucas
has not planned for the future. Much
depends upon the analysis OF the OIL
which may be received here today or to-
morrow. Several barrels have been ship
ped to the refinerics and Is now being
put through the process OF refining To
determine the ingredients. The results
Of the refining Will be forwarded here to
Captain Lucas aud Mr.. Galley, and then
the commercial value of the' oil will he
determined and future disposition Of the
product will be decided upon as far as
possible.
The combinations which have been
talked about for the past few days are
getting ready for business and the fndl-
cations are that during the next few days
and weeks nhere will be good deal OF
money invested in Beaumont II Beau
mont property owners will take hold Of
the progressive movement and put the
property at price which will permit.
Mr.. l. d. Polk closed a deal this morn
ing in which he conveys tract OF land
west OF this city to General Griffith OF
rerre for SIS. 900. Mr.. Polk prefers not
10 make public the terms Of toe sale and
the amount of acreage IS therefore IN
known. General Griffith Is well known
citizen OF Texas and was at one time at
the head of the Oakclin townsite near
Dallas. He said this morning mat -
made this purchase merely IS an III
vestment and would not improve the
land for several years yet.
The Higgins Oil company completed
organization last night and mailed ihe
application for a caaTter to the s9cre
tsry Of state. The capital stock OF tho
company is placed a 100000 and all Of
1t is paid in cash. soon after the com
pletion Of the organization there was
such demand for stock of this company
that the price went sailing skyward and
at last report 200 per cent premium was
being offered for 1t.
There are other big combinations whi2h
are In course of preparation and VIII b.
anacunced in a few days The largest
concern yet heard OF Will be organized
tonight. II is sara there vii. BE- $1,000
600 behind II and that the company has
already a lot OF oil land.
Mr.. George L. Craig of the Craig on
company OF Toledo, Ohio who has been
here several days, left this morning 'or
his home in Pittsburg, Pa, but VIII prob
ably return here In the course of thirty
or sixty days The Crsig Oil com qany
is one Of the largest producers and re-
fners in the oil business and Mr.. Craig
intimated last night that he might ulti-
matsly invest in this field MIR, Craig
takes the most wholesome and hopeful
view Of this field and is withal very con-
servative. He predicts that this section
will develop one OF the largest felds III
Anne 'ica and situated as & Is with he
excel ent railroad facilities and it, prox-
Unity TO the gulf It's future is very bright.
Spe; king o. lie oil here, Mr.. Nra,g 81
it was not improbable that a good grade
OF light OF. would be found here, but
ttat the heavy oil was more profitable
in this country than would be the iiluml-
mating Oh. He S Il the using OF as
heavy oil for fue, heating and manufac-
turing purposes was increasing rapidly al
over he United States and is superiority
over coal and other fuels Aas 50 rreat
th-t 1t needed little inducement to IN
augur-;e the use OF 1t.
The dawning OF the oil era in Jeffor-
son county and East Texas is at hand
and there is unlimited capital for its de-
velopment. The future holds In store
for Beaumont the richest prospects
which ever lured a city on TO greatness
and usefulness. The bubble OF the castle
builders has been pierced and the sub
stsntial business men are taking hold OF
the situation.
Or. C. B. Forward. secretary and man
ager OF the Forward Reduction com
pany OF Cleveland, Ohio and Edward l..
Buchwalter. vice president OF the same
company of Springfield. Ohio. arrived
in the city last night from the East. His
company is directly interested in the
development and handling OF the heavy
grade OF petroleum and is rapidly pusA-
ing tbs valuable oil TO the front as
fuel. The company has methods for re-
ducing IL to all kinds s'shapSJ for mer-
charitable purposes, aud they have been
one OF the foremost agents In the United
States toward the movement TO encourage
ana foster the liquid fuel idea.
NJ. i. Lockwood. formerly State sen
ator in Pennsylvania. and now president
OF the Antitrust League OF America
8 one Of the distinguished visitors and
by virtue OF his trust views he should
ind a cordial welcome In Texas. where
trusts are somewhat In disrepute. SEN
ator Lockwood is from Harmony. and Is
here, OF course TO see the oil we'll. ne
Is largely interested in several large oil
enterprises in the keystone State and
may invest in this field.
James Murphy OF Philadelphia Is u
prominent oil producer and Is connected
with one OF the larger concerns In his
native State.
John Galloway. w. NJ, Starr. scott