The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-07-27
OIL AT BAYOU BOUILL0N
HeywOOds Have Struck Flow of
Lubricant With Heavy Pressure.
SOME OBSERVATIONS AS TO SALARIES
Matter Is Of Interest in Connection With
the Snow ReeeiVership Case-Too
Much Water.

Beaumont Texas, July %. Holland s.
Rcayis OF tbi, city today received a message
FROM Scott Haywood at Bayou Bouluou,
In Louisiana. stating that they had struck
an excellent doW oc lubricating oil with
heavy pressure. The, are ia high spirits
over tho find and expect the hcld 70 de-
yeiop IN rapid aud wonderful manner.
This oh field Is OF course extremely al
NuutaEeOUs 10 New Orleans, but the oil
men OF this city look upon the finding OF
Oh anywhere along the coast as OF a hfnc.
ncial nature to the whole The HeywJods
are the pioneers tu the way Of developing
all through Louisiana.
Dewey Haywood was In sherman a day
OF two since In attendance upon tle Snow
reccivership case and was asked by one
OF the attorneys about uls sal4rJ auh taat
az other oil company official. and what he
thought the salary OF Vice President j, &.
Mcdowell shonid be and whether bis pres
cent salary was eX0rhI-Iut. Mc. HcyWOpd's
reply was chaIatltt--'e. III was as tot
lows:
My salary Is $3.50 per rloutl and think
] earn it, but tGeu Day brothers and myself
get majority uf ilU dividends from tAG
property we are luu-ius after % Mcdowell
was working for Wc ns could Iuf EO away
from my service nulr- lr '.iasal $4,000
per year IDS SALARY la uuW r$hVo as |
understand 3D. and he more Lui earus 1t.
KNOW tItt the Standard on company has
offered hIm $1,000 per year 10 break his
contract Nlth tlr Glner Petroleum com
pauF, and ue ms declined IL. That As
about what be is worth lie Is the best
"il man iu America To-Day and the only man
that has ever worried the Standard OIL
company. IL H. this very thing that has
caused them to want him. They wish 70
get such men as that with them and not
fghtlng thtm'
This matter was about to be brought out
In the evidence as proof as TO whether
the @uney company was spending money IN
salaries that should have gone iuto profits.
Mr.. Haywood was there because he Is reput-
ed 10 bave made more money vita less
capital out al The oil business In this held
/ tnon any other one man and MS testimony
/ was therefore welghty.
-
Attorney r. A. Greer was one Of those
who returned from sherman this morning
and he said that Judge Bryant had stated
from the bench that he would no doubt
refuse 20 grant the petition asking that
Receiver Iallaterro's rectiycrship be made
tcmber In order that the auditor might
have ample time TO investigate the books
ana see that there were no Irregularities
but that Is all the postponemeut is for In
the opinion Of Mr.. Greer. lie regards the
case and its results IN the last few days as
a complete Victory for the Guhey company,
the National on and Pipe line people and
IN fact AL those Who arc Interested In
the Neatch survey aud who have not com
promised.
~
This afternoon the first signs OF clearing
up came and the city vii! no doubt pre-.
sent muddy rather tAan oily appearance
Tor the next few days. The rain came
down again pretty strong all the morning
and during the night It rained SO that
the streets about town tomorrow will be
almost impassabe and the trips OF the
oil men to the fields viii be few until
| this Is over. sunday Is usually a day
| When a great many peonie go out to SPIN
/ die Top To see WbAt is going on and to
( learn OF the developments and they VIII
nave to suspend operations for tomorrow
| unless they are wiling TO rough II. Inc
/ shell road from the CITY limits ON Will he
/ good hut otherwise very hard time VIII
/ De The lot OF ,,ose who attempt TO go
| tAere.
49,
| Secretary Chiidress of the oil exchange
and board of trade has received hair
/ dozen letters from many points through
ont the State cougratuiatins him upon the
voluntary tender of the position with the
] Citizens National bank. One letter was
signed by the whole force OF one bank
/ In Central Texas. The change becomes
! effective Monday. Mir. Bunch Will 1908
| after good deal oA the work, hut Mr..
! Childress viii help out Ia every way posi-
bic.
~
II. T. stau. vice president OF the PEN
man Steel and Iron Works, incorporated,
in speaking OF the intentions OF his com
pany as to future operations, said:
1--WE expect TO give great deal OF atten-
tion to the manufacture of boilers for the
Southwestern and the Southern trade JUST
as soon as our plant is in operation.
The Penman Steel and Iron RANK
Works incorporated, is not Beaumont
concern In the sense that It expects its
| trade from Beaumont and the surrounding
| oil fields for we viii figure on business
| throughout the world If necessary and all
through the territory I have mentioned we
| Will stand The best chance to get trade.
| We have so many advantages In the way
| OF freight rates that place us IA touch with
al Texas points, Louisiana, Arkansas,
| Mexico and Cuba that we viii certainly
have all the orders that we can take care
Of for a long time 80 come.
| I'VE believe that the demand for boilers
| Is going TO be something enormous here
from now on. Just as IL mas been ia the
past, and We are making preparations TO
get part OF that trade and you might
say Just here that we are going TO get IL
at a price that VIII mean a great saving
| to the buyer. We shall not endeaVor 10
sell boilers to the user but shall establish
| agencies throughout the several States and
! Mexico and viii sell TO them
| I'VE Will start seventy men here on the
! LIST from Chicago and will bring Others
| as soon us they can be used. II is also
interesting TO note that we are going to
| pay them much better wages here IMAM
they received from US at Chicago ana al