The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1910-10-07
MATSON DENIES
.[UTTED STATEMENT
Tells What LakevieW No. 2 Is
and States That He Refused
to Endorse It.

To Whom It May Concern:-It has
recently come to my notice that certain
misrepresentation are being made by
certain parties in Honolulu in connec-
tlon with the use of my name in the
matter Of exploiting and selling certain
OIL stocks in the Hawaiian Islands. |
desire to supplement my previous pub
llshed notice to the effect that the
use of my name in any manner what
soever in this connection is totally I'M
authorized. | have particular reference
to an advertisement appearing in The
Pacific Commercial Advertiser under
date of August 80, 1910. reading as fol
lows:
Your Opportunity.
About four weeks ago I sold bust
! ness man of this city some Lakeview
No . oil stock He wrote to a friend
IN San Francisco to investigate. see
Captain Matson and find out whether
this stock was any good The reply
came on the Sierra Friday. saving it
was first class, gilt-edge, good invest,
ment Today he doubled his first pur-
| chase. | urge you to buy 1t is safe
proposition. \ few shares would put
You on easy street. The profits from
oil is a fairy tale Ask John D. Rookie,
fel1er. Shares, now thirty cents. will
be forty cents after September l. This
is your grand opportunity Read this
all over again.
81. Oswald Lutted, Fort street, next
Convent; general delivery
| desire at this time to absolutely
| refute any Inference which might be
drawn from the foregoing statement
that any one has ever approached me
to investigate the matter or to offer
any opinion as to the value of said
stock, and any intimation that | have
endorsed this as a good investment is
therefore Justification.
For the information of the public I
might offer the following statement:
The Lakeview Oil Company Of Mid
way. a part of the Honolulu Consoli-
dated Oil Company. among its various
properties controlled under agreement
with the original locators Section No.
26 in Township No. 80 South. Range
No. "A East and under date of April
). 1910. leased this section (640 acres)
for twenty years to Chas. F. Off. r. D.
Wade. George s. Stafford and f. s. Shat
luck. The lessees were to pay bonus
of $50 per acre for the lease. bonus to
be paid out of the first production oil,
and further they were to pay royalty
of One-eighth Of the gross production,
and were accorded in the lease an OPP.
ton to purchase the land at $1,000 per
acre when patents to the land were
issued by the United States govern
ment
Subsequently, it appears that the
! aforenamed gentlemen subleased the
west half of the southwest quarter of
the above mentioned section to a com
panv organized and known as the
Lakeview No. Oil Company, which
was entirely contrary to my under
standing when originally leasing the
whole Of Section No. 26 to them.
On June 30. 1910. | received a letter
from a Mr. J. Oswald Lutted, inform,
ing me that he had become stock.
holder in the so-called Lakeview No.
, Oil Company and indicating to me
that he expected to leave for Homo
lulu shortly with the end in view of
disposIng of some of the stock of that
company in Honolulu. He also request
ed me to favor him with written
endorsement of the proposition as
whole, which [ absolutely declined to
do. refusing to lend my name for any
| such purpose. [ was naturally very in
dignant at the suggestion and also an
noyed at Che action of Mr.. Off and
| his associates. TO whom | had originally
| leased Section No. 26, and who had
! evidently entered into some subleasing
| arrangement for a one-half of the
| southwest quarter section to parties
| under the name Of the Lakeview No
Oil Company.
From the foregoing. it will be seen
| that Lakeview No. 2 Oil Company is
operating under suitcase of a lease
| taken from the Lakeview Oil Com
| pany of Midway, and, as the royalty
| to the Lakeview Oil Company of Mid
way is u II per cent. of the total
| production. presumably the Lakeview
No. Oil Company will also have to
pay an additional royalty to the orlgi-
nal lessees as above indicated.
have taken the opportunity of mott
| flying directly by letter both Mr.. Chas.
| F. Off ard Mr.. J. Oswald Lutted of my
| position in this matter. and l now
reterate that any attempt on the part
| of any one to use my name In any
matter whatsoever in the exploiting and
selling of oil stocks in the Hawaiian
| Islands is totally unauthorized.
VIM. MATSON.
San Francisco. September 10, 1910.
S@SS