Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-01-11
RUTH, AND WILLARD
IN ON RICH DEAL
Continued from Page Sky

regarding the oil wells by G. H. Ruth,
before a gathering of Winnipeg bust
ness men in Winnipeg last Saturday,
when the organization of the corpora
ton was promoted. Seven or eight
wells that have been put down are al
ready big producers, and only small
part of the immense field has been
touched"
Has Been Expensive Work.
The prospecting and development OF
the property, so far as it has pro-
crossed to date, has been an under
taking that has required large outlay
of capital. and goes to prove the faith
those who were furnishing the
money had in the ultimate value of the
property
The transportation charges on one
oil boring machine alone, which was
taken overland from Edmonton to F't.
Mckay. were $4,000. The distance is $50
miles. 1t is the intention of the COM
pany to actively push the development
| Immediately. Mr.. Ruth, who has been
in Winnipeg and Edmonton, and who
| telegra phed his partner of their good
| fortune this morning, will be home
| Thursd day.
Have Kept AsphaItum Secret.
As was stated above the fact that oil
had been discovered on the land, and
that it was rich In mineral ores was
made public by Won Hammerstein some
time ago, but the fact that asphaituh
had been found in vast quantities on
the land was carefully guarded. ms
was done because there~Was quesion
as to how difficult it would be 10 Sc
cure possession of the land from
Canada. which is much more careiui VI
the granting of its public lanos IMAM
our government has been IN the years
past. When. however. the OWNERSHIP
of the land had been made secure 'lie
find of asphaltum was given out 10 llie
world. au,,
tina, the Winnipeg men were reaolly
convinced that the property was oi
tremendous value. is evidenced by the
fac, that the following weil-knowh
business men of Winnipeg are man
ciallv interested in the corporation: w.
i. christie, w. c. Lestikow, u. :
u,tcbinss I'M Gait, Thomas Kelly,
Arthur Eraser. w. M Mulock and FREQ
l,ncen. the latter of Saskatoon.
Millions in Asphaltum.
/ The asphaltum deposit lies IN the
, ,,,, az n great plastic sticky lake
=, ,,,acas If is Of a consistency of gum :
r no or thick. but workable clay: in
, other places it is much thinner. Inc
whole is mixed with silica, in nseh
valuable. being in certain forms the
e basic principal of glass. In some re-
). snects this lake of asphaltum resembles
/ the Immensely valuable asphaltum lake
a on Trinidad island, which is owned ps
t ,ns Barber Asphalt Paving Company
: and is the source of supply OF the re-
Q fined asphalt from which paving II
e made. 49,.
THE story of how Ruth and Wliiar'
6 ,a,an,e interested with Won Hammer
# stein. and stuck to the prospect thr'
years and even after others hat
I dronped out. is an interesting story II
: itself.
The local oil men became intereste'
in the pros pecting thru Robert Jones
: president of the Drexel State Bank 0
a Chicago. Mr. Jones was then in Fargo
70 N ID. Won Hammerstein had been i
communication with Jones, and ma
M, the proposition up to him OF help
ing to furnish money for the prospect
% inc Jones communicated with Rut
and Willard. asking their opinion OF
~ This was five or six years ago. In
=. mariners became interested got in com
munication with Won Hammersteil
- me, him in Canada at different time
~ and began to invest their money. Som
~ Canadians and others who had PIT
"a money into the prospecting eventual
got cold feet" and dropped out, bl
"a Ruth and Willard stayed by tn
# game"
to Long Trail Ends in Find.
~ The trail of the oil fields, which We
Hammerstein has followed from tt
: Calf of Mexico to the Hudson Ba
,a country. has ended after years of e,
ne ploration, search, and prospecting
= the finds. of which he and the othel
ne are now possessed.
Ia Years ago he started prospecting II
nj oil in Texas. Then he worked into II
t,s Oklahoma oil fields, and later contin'
~ ing northward, he was prospecting f
,a oil in Kansas. Swinging to the east
No continued his Investigations in lllino
~ and still later in Indiana Then
"a. Jumped into Canada, and went into tt
ba northern part of that country, pop
ed lated sparsely by Indians, and guard
10 by the Canadian mounted police. F
"a years he has lived among the India
a. pushing his prospecting. His part
nd the corporatioli, MniSn en- ~
lao interest, was represented by $40 acr
on which he filed, and which includ
30, Inc town site af ut. McKay. This 6
acres he turned into the corporate
,a+ for a one-fifth interest.
a