The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-04-08

Petroleum company, which is capitalized
for SIS, GOO, 900 and whose stock is worth
more than its par value.
This company has nine wells in and
others under contract. They also have
pipe line to the docks at Port Arthur.
The pipe line Is equipped with pump
ing station, loading station for ocean go
ing vessels and loading rack for railroad
shipments. They own line Of steam
ships for exporting OIL as we'll as a large
refinery at Port Arthur, where the light
| er Illuminating and slubricating oils are
separated and the fuel oil prepared for
| shipment One barrel Of crude oil at 20
cents is refined into $500 worth of light
| oils. They have storage tanks to the
capacity Of 100000 barrels at the ter
minal Of their pipe line at Port Arthur
and own 100 steel cars.
| Another of the largest companies now
prepared to do business is the Higgins
Oil and Fuel company. Their land was
mostly chosen by Mr.. Higgins himself,
| company owns twelve large steel storage
| tanks, loading racks, oil cars and pipe
line through the city Of Beaumont, con
Injecting with all the railroads which cen.
ter there, and also with the Neches river,
(which is nayigable and offers an outlet
to the sea.
Among the companies organized by
1 NOIIuWcSlSIA pSopA0 lAC ~
I United States Fuel Oil Company.
seems to have the most valuable holdings
| and prospects.
The company owns the only gas well
on the field, which is in itself worth
double the assets Of some COMPANIES
which are capitalized for three times as
much The gas pressure is 1867 pounds per
I SQUARE inch, while the ordinary CONNER
Icial pressure is about ten ounces per
square inch. There is gas enough In the
Iwell to light the city of Beaumont LOT
many years. That the gas is suitable 1or
4 illuminating purposes was proven on1y
two weeks ago: w. A. Han anu -. - =
rIO'Neil. both Of St. Paul, connected an
ordinary Welsbach burner and mantle 10
the outlet Of the we'll, through necessary
pressure reducing valves. The light was
perfectly white and burned as steadily as
l does the artificial gas of the Twin Clt1es'
This test was witnessed by large num-
Der of Minnesota people, lnclualne 'ne
Pioneer Press correspondent
ARRANGEMENTS are now being mace "
nine, the gas into the city, and the mains
are now being laid. .s s.
The United States Fuel Oil company, IN
, addition to the gas we'll owns slx.incn
| oil we'll and has a third we'll being drli1ed.
All three are paid for. The company also
has Ave other locations In the very Des pes
locations on IQ6 uc1u cAu AAOAuo .SAASs.S.S~~
to oil lands in other parts OF the country.
II is beyond dispute that there is an
infinite quantity Of oil in these Beaumont
, wells. but it has little value unless II can
be used: Therefore the question IS "hat
, can be done with this endless supply OF
, oil? An analysis of the Beaumont product
shows that it contains thlrty-t"o con- Z
: This latter when mixed with equal parts
!, Of sand is worth twice as much as Irtnl
; dad asphalt. BY one refining process 81
.ner cent of pure Illuminating oil can be
. obtained, or. by another process, oo pei
cent Of high grade lubricating OIL car
be obtained. 1t Is, therefore, evldent ina
: this oil is as valuable as any one. earth
j When used as fuel IN its crude state tnree
: barrels will equal in efficiency one ton O.
= coal While crude oil can be bought a
: the we'll for from 10 to 20, cents barrel
. the Immense saving by using 1t Tor rue
= In place Of coal at So per ton can easli!
, he figured. For fuel purposes 1t is a.
\ nearly perfect as any fuel found IN nature
and is perfectly
l., safe in Its Crude State.
e Railroad companies are the first to pu
e the Beaumont oil to practical use. IN
r engine which drew our party from Pales
It tine to Houston was burning cruoe Oh 1 10
b fliel The engines on the Sante Fe,' MIS-
6 souri,. Kansas & Texas, Southern Pac1h
e and Kansas City, Pittsburg Gulf ROAD
7. are having their freboxes replaced by OF
# burners as fast as the shops can max
# the changes. 1t is reported that the Sant
l.. Fe road has made a contract for 6,O00 w
= barrels Of oil to be delivered within
l. wear Storage tanks are placed all alon
l. their line. We were informed by an en-
l. gineer on the Missouri, Kansas & Texas
e that on the old coal burners he used t
"a coal up once between Houston and Gal
J., weston. a run of 800 miles. With on
# tender full of oil he now makes the roun
+ trim. or. in other words, one tender OF O.
q viii last him as long as four tenders {
= coal The road pays AZ, cents a barrel fo
its oil, delivered, and three barrels WI
do the. work of one ton of coal. Anothe
great advantage to the railroads is thu
At the risk of fire along the right of-Way
is absolutely eliminated, and another advar
10 tage to the patrons of the road is ths
so there are absolutely
90 No SCOT or Cinders.
el The large engine which runs the mt
=, chtnery In the Southern Pacific shops NJ
~ been changed from coal to an oil burne
=: = Though the railroads are making II
~ most rapid advances in the use OF o1
they are not by any means the only pet
us ple who are saving money. The Ri,
er hotel at Houston use oil exclusively.
ne runs their electric light plant, puml
oy their water, runs the elevator and hea
y. the building when necessary. All mea
81 are cooked over oil ranges. The 9th
Nv manufacturing Industries at Houston
- changing their equipment to permit Il
! ! - use of oil.