The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-01-30
WATER FRONT CONTROL
At Sabine Has Been Parted With by
kOuntle Bros.
EXPERIENCES OF ONE OF THE SHIPPERS
New York Bankers Decline 10 Disclose
the Name Of Those Who Are Now
in Possession.

Beaumont. Texas, January % The oft.
repeated statement that the standard OIL
company is becoming largely Interested In
the Beaumont oil field has been given A
new impetus by the action OF Kouptzc
Bros, Of New York. or rather by the action
Of some concern. presumably the Standard.
to whom the Kountze Bros. have trans
ferred at least part Of their holdings at
Sabine Pass.
1t is now said that the STANDARD. having
gained control OF some OF the wharyes and
portion of the water front at Sabine Pass
will use them for the hottling up of the
Beaumont oil field as far as possible. While
this information Is not of definite char.
acter, the experience OF MI John T. CAT.
fey, VINO represents a transportation com
pany which proposes TO engage In the
carrying of Beaumont oil, lends color to
the story.
Until quite recently Kouptze Bros. have
Afforded oil companie, every lnducement
possible for the bulldog OF pipe lines to
Sabine Pass Mr., Garey went to New
York 10 gee cert ain concessions from them
in eSpssctios ~':h the shipping business
hib ccrFsat a4ugurated, but when he ar.
lived Their he was Informed by Messrs.
BouDtEe that they had no longer authority
to grant concessions, having transferred
that power TO others
When | and some New York members
of our company called on the Kountge
Bros" said Mr.. Galey, "they Informed us
that they had parted with the power to
grant concessions at Sabine Pass, and 1t
was then impossible for them to carry out
a verbal agreement made some time pre-
Nious. We suggested that they inform us
as TO whom their holdings had been trans
ferred. so that we might enter Into ncgo.
!atlons with them, but we were informed
mat they were not at liberty TO give out
the names of those who had secured con.
troll OF the property
The Standard was already reputed TO
control several hundred acres OF land uoaH
Port Arthur, and II is believed that It is
that company's hnndlwork that Is making
1t impossible for oil companies To secure
concessions Mt Sabine Pass which were
easily had until few days ago This Is
company except the standard would likely
attempt the closing up of port. for no
company would hardly dare Ia fight the
Standard with weapons supposed TO he ne
cullnr to the big combine alone II is not
believed, however, thNt the STANDARD viii
succeed In seriously hanicnpping further
development OF this Geld; nj least, not
longer than the legislature will require to
pass needed laws, II the situation Is NOT
covered by those already on the statute
books.
~
II, A. Josey brought IN n good six-lneh
spouter this morning, The flow was struck
at a depth of $50 feet. i is reported TO
be steady and strong Mr. Jcscy is in
the business Of bringing In guaranteed
wells, aud 1t Is not known what disposition
he has made Of this one II any.
~
oil shipments today were 154 cars max
ing 2944 cars for January. February ship
ments were 1850 cars
~
Following are the quotations on the
Beaumont oil exchange;
LISTED STOCKS