The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-03-12
Beaumont Daily Journal. March 5.

DENIED BY WILDE.
The United States Fuel Oil COM D
pany, st. Paul, Mimi, concern, or
ganized about six months ago with =
small capitalization of 100000, has
until recently kept under cover and
not much has been known of it's To-
cations or operations except the
drilling of a we'll and having some
outside holdings. The company had
repeatedly refused to list it's st ock on
the differtnt oil exchanges, but to-day
its luck got away and the shrewd
managers Of other companies tenn
porarily stopped it's progress, much
against the protest of the determined
] manager of the United States Fuel Oil
4 company, Mr.. Louis j.. Wilde, for it
& had leaked out that Wilde had signed
. the antitrust order and many COM
q panies in the field claimed Wilde
q none other than a Standard Oil fig
2 ure, working quietly under cover Of
small northern company. Wilde
has made six trips to Beaumont and
Z each time picks Up some of the best
y wells and holdings on Spindle Top.
q This company only reported one we'll
a drilling and one location on Spindle
Top, but to-day we find the company
D has two fine wells in and drilling a
d third and contract made for we'll No.
a 4. They hold seven we'll sites on
Spindle Top in different parts of the
D field. Besides these big holdings the
q "little" company has outside holdings
z in at least ten oil districts. They have.
y <out-generaled the Haywood and
y STANDARD in a new northern field in
81 either Kentucky or Iowa, we are I'M
able to learn. The United States
a Fuel Oil company peoples actions
4 have been so strangely guarded that
y press reporter called on Wilde and
q the oily manager satisfied the staff
d representative that he was only ma
neuvering for their own company,
y which is an independent Minnesota at
q fair and not in league with the Stand
a ard Oil or any other company or cor
poration. He claimed the right to
y buy everything on the hill if they
& want it and can pay for it. Anyway,
a Wildes big cash purchase. lately and
= his Spindle Top grabs have excited
y his competitors and they got worried.
D But he has thoroughly satisfied the
q public here that he, Wilde, knows
a what he is doing and Is saving wood
y while the managers of many other oil
" concerns are taking their vacations.
81 We don't suppose there is company
a in the field that has continually added
y to it's holdings and kept constantly at
= work since organization without in
q creasing it's capitalization, but this
a is true of the United States Fuel Oil
y company of st. Paul, MINI. A good
q manager is a large part of COM
a pany's assets and in Wilde the COM
y pany has got par value. Every mem
q Der of this company is a worker and
a has thorough knowledge of the field
and the oil business and it's require
q ments Its local officers are profess
q sional men Of the highest character
4 and among the very best citizens. The
:. company seems justified in expecting
d above the dollar line for it's stock at
d this capitalization.
a Manager Wilde of the United States
z Fuel Oil company, which has head
D quarters in st. Paul. Mimi, will soon
A leave for the north after closing UP
several very successful deals which
places his company among the list of
& big producers in this field. Mr.. Wilde