The Topeka state journal., 1905-08-14
ON TO THE GULF.
Chanute People Insist That
Mellon Is All Right.
J. F. Mundy, the Oil Man, Says
the Pipeline Will Go.
TALKS WITH MAGNATES
Says the Outlay of % Millions
Requires Consideration.
Chanute Man Says MELONS
Ask Until Sept. 15.

Kansas City, Aug. 14.-According to
John F. Mundy of Chanute. Kan, the
prospects are still good for the con-
summation of the deal for a pipe line
from the Kansas fields to the Gulf of
Mexico. Colonel Mundy, with H. E.
West of Peru, w. S. Fitzpatrick of Sc
dan. NJ. A. Low of Topeka, w. R.
Stubbs and others. launched this
gigantic scheme August s, 1904. at
Chanute. Since that time Colonel
Afundy. at least, has devoted prac-
tically all his time to the furthering of
the deal. He was at the Hotel Balti-
more yesterday on his way to Chanute,
after a four weeks stay in the east,
where he was in consultation with the
MELONS of Pittsburg and others VINO
4 are interested in financing the deal
"The proposition to construct pipe
line from the Kansas oil field to the
gulf is not a dead one by any means
and it's prospects are more favorable
today than at any time since 1t was
first suggested" said Colonel Mundy.
''There really isn't anything very much zen
to say" he continued, Except that we
have had a delay. The story that the
MELONS who were to put up the
money had thrown us down IS ab-
solutely without foundation. They
simply asked to be given until Septem-
Der Is.
Mellon Has Faith in Kansas.
you understand that a deal of the
magnitude of this cannot be turned in
a day or week. 1t means a total out
lay of % million dollars and Il mil
lions of that must be available when
the time for starting the work arrives.
The MELONS had a good reason for
asking for more time to consider, but
what it is 1 cannot say. However, the
chances for its final completion are
brighter today than at any time since
the idea was first suggested.
1.-The MELONS have faith in the Kan
sas and territory oil field. Why
shouldn't they? The oil grades Sec
ond only to that of Pennsylvania
product. being far better than that of
is acted favorably upon next month
the work will be started along the
line at a dozen different points and
should be completed within six
months. At the very beginning large
tanks will be erected in the field so
that an enormous supply of the oil
will be on hand when the pipe line is
finished"
The Early Negotiations.
At one time the plans for the enter
prise had progressed so far that w. L..
Mellon of Pittsburg was expected to
make a deposit of one million dollars
with the National Bank of Commerce
here August z, to be followed by an
other million fifteen days later The
announcement was made, when the
time arrived for the first deposit, that
Mr.. Mellon had declared he would
have nothing further to do with the
project. The reason given for his
backdown was that his experts had de-
clared there was not enough oil in the
Kansas fields to justify him in carry
ing out his pledge. The plans called
for daily production of 1900 barrels
of oil from the Kansas and Indian ter
ritory fields with 11S,00O acres OF
leases.
w. L. Melons associates in the
financing end of the deal are said to
be H. c. Frick, R. B. Mellon and H. E
McEldowney of PiJtsburg.
Colonel Mundy left for Chanute last
night.