The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-14
EXPORT oil E
Pipe line GO,

the top of tho hill, where every well driven has
proven a g7Isher
1t Is surrounie nv rha yuvh.rs ~, .,,.-..,.,
ing them:
Seo feet south OF Is the famous Lucas vel,
20 feet southeast is the Hogg-Swayne susber'
wnich came IN June 18th: Cos rect southwest is
the Heywood No. Q; 500 feet southwest ts IN.
Heywood No. 3: 500 feet west the Beatty
The company's holdings comprise II, 4os,; acres
VI tns pest proven and indicated ol-tearing lands
m m Iekas and Louisiana. They include proven
on tracts IN Beaumont. Sour Lake and SULPHUR
fields. with additional lands in these districts
presenting the strongest indications Of large oil
deposits. Its certain oil-producipr tracts ON
antee 1t an absolutely sure investment. with re-
turns so great that the figures almost exceed he
lief; Its indicated territory presents In adi;to,
ire strongest probabilities OF those great gains
when are often realized in new fields nv the
sagaci"us and courageous investor
IL Is now u recognized fact that hus;,as, is
oeins done in Texas oil: that the production and
sale oil petroleum from the Texas fields ia no, /,
myth. nor temporary sensation. Several large
companies are daily selling ell for f,e, tn a
huhafen 'iherent industries. from rice and lur-
Der mills to sugar rcfineries and power n,ants
us use IN the locomotives the Santa Fe Rail
road was successfully inaisura,ed June ~ and
1t VIII ne hut short time before all tho Son,h-
ern railroads will he bidding for the TeYa.
product. ~ ~"s
All the companies now selling oil draw 4,
lson spindle Top Heights, and their wells sur
rrnnn the Export Companys holdings there
The profits to he nationally expected from III.
IeXaS oil fields are almost too great Il, h, M,
INT" nsures- The Lucas gushcr is estimated h..
me ieading oil expert of this country Mr. r,
r. H. Caracristi. tn he worth ST. 500 on IA 4,
pays for the original cost every "A hours m.
estimate Is not unreasonable. The Baku CRus
sial companies pay frum 20 to 80 Der cen, on
their capital. There is reason why a rro-
ducing Texas oil company should not nav az
much or more. Take. for instance the f.yrort
oi! & Pipe Line Co. II has on Spindle Ton aiona
room for at least six wells; suppose II shmld
only put down 2. The gusher average 10 about
'o.see barrels per day; suppose that Jcxnor,
wells should average but 1900; even this viii
give 5000 barrels .aily product, which at onIy
soc barrel amounts to sI.2S5 900 over co per
cent on Its entire capitalization
In addition to this there is the probab I,,. NJ
at least half as much more from its sulnbur
mines in Louisiana. making total of nea rl,,
lv per cent on Its capital stock at par. This is
taking no account Of any income from its other
lands, nor CT the fact that tho actual nrotiuct
Of its Spindle Top wells Is much more likely to
lie 10000 barrels daily than 5000.
II certainly sounds incredible; but II ia met
as certainly demonstrated by the actual jeyeIon
men;s in this most unprecedented field
1t Is not too much to anticipate that the ror
tunes arnassed IN Texas oil will exceed any eyer
before accumulated. and II IL not too mr.b ~,
say that the properties Of the Export on A
Pipe Line ca. will :s certainly contribute their
proportion Of these fortunes MS the OF. continues
To flow.
Fer the purpose of developing the propertie.
OF the company limited amount Of the cant, I
stock is offered for subscription at