The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-03-23
LONDON AND THE LONE STAR STATE.
Ex-Governor Hogg in London Mr.. S. GouIi-
chambaroff in Texas.
How Texas Fuel Oil May Be Too ChapDr Forward and the In
feriority of Tartar LaborThe Need for Atlas of the Oil
Fields of the World-American Pure Oil Company
fsnsclai correspondenee.l


yondon March The oil world would
have been desperately dull II last year we
had not witnessed the maryelously great
discoveries Of oil In Texas. We recognize
this In London. Here We arc midway be
tween tho Eastern and the Western oil
fields and 1t Is in this city that oil mon
are best able to look with strict impair
iialIty al the progress which is being made
in the many different cl-producing centers
Of the world. Business IS dull as ditch
water in Roumsnia. The last sensation IN
that country was created by the standard
on trust That powerful corporation. much
less popular on the continent than 1t Is in
America. in tho face Of terribly excited
opposition headed by belieeront section
81 nationalist politicians, almost won from
che government q number Of oil property
and pipe line privileges, which promised TO
make Il the nredominatng producing and
carrying power IN the country There is oil
10 Roumania, but the industry win remain
50 its present unsatisfactory state until
more Anglo Saxon money Is PM into w..
News must have reached Texas thht tne
great Russian branch n The industry is
sick II is suffering from q plague Of poor
prices caused hy uycrproducticu Far away
East, In the Dutch indies, tho smell Trans
port and Trading Comp3uS, greatly inter
ested IN Texas. and several Important com
panies ~ which the nutcbmcn IRE extreme
" proud. arc managing 70 n1tntaln an aver
aCe production, but they are doing NO bet
tcT Than 5his The production results o.
those wild islands 20 tho Eastern sea have
rot given US q scrap ~ Interesting news los
some time now, though juniors oave
reached London from Amsterdam Of certain
nmalgnmatlon projects in connection with
several large concerns. on may take III.
therefore that y spindle Top 2ad rename
hidden mystery. md n the name OF
Texas had not been written In eushef.
formed letters across the face M the on
world. heavy, an almost insnIeTahi5e ul.t-
This slle Of the Atlantic We think IeX2
fcl having given MS year or seen tiale
lie and for opening out future that Is
bright and I'm Of promise
-
The nrst Of series of new Texas com
panies 10 be financed IN this country vii! be
brought out very shortly Indeed, II is as
ISOLATED With the Hoer swavae Spindle
Top) syndicate. and respecting the deal Mr..
swayne has said. "That It has consumed
nearly all our holdings 20 the on ne,ds q
Fpip8's Ton snd vicinity" Everything
e. ready for a start Ex-Goveruor Hoss
aod sir W. 7. Campbell partners In the
syndicate. are In London. sud the booming
literature q the news company may be put
lu;o circulation any day now. 10 this
country The syndicate Is represented by Mr..
James Roche. In e1-&. p, and Mr.. Alfred
Stuart mot Nr. Stuart. as 30 many OF your
American contemporaries print the name
Mr. Roche was In Texas when the boon
started, and his interests iu the oil Indus
trr are pretty considerable. He has throw
up Irish politics. and Mss entire epersle
are now devoted 70 Oh. IL is wei, know
cu both sides u the Atlantic that Mr.. Al
fred Suari is well known London oil ct
iehrjty he pioneered the advent Of Brit
tSh capital into fhr Russian oil industry
md was also tine nrst British OH man I
embark capital in the ocean ol-carrNiu
trade. BE was well TO the front at IN
tine when Russian oils were amongst 10
greatest mysteries Of the commercial. Wurl'
nnd when tnnbers We're looked Npou a
huge floating eoffus As the founder
the European Petroleum company r. fleet d
oil carrying steamers, he has valuable .a'l
ping connections. but the statement n 0U
AZ YOUR contemporaries that he mas Uctul
control n twenty or twrnt}-ufe taukers
Rhsnrd
What is known hero as the BYRD synd
cate will most likcly follow, and when h
literature rs issued II viii ne found that
has many thousand acres iu the Sour LAX
eud Saratoga districts. some Of the Ian
Is 30 proven territory. There are sever.
sther companies IN syndicate stage One q
these Is engaged on almost amalgRmi
fion scheme " great importance, and whc
The facts are made public they are certai
10 attract considerable attention. The chic