Los Angeles herald., 1910-01-05
fasteners BUY
IN NEW COMPANY
CANFIELD JOINS NEW YORK
CAPITALISTS
HUGE ORGANIZATION TO EXTEND
TERRITORY
Eight Thousand Acres of Oil Land in
Bakersfield and Midway Districts,
and Mexican Ground Will
Be Opened

What will probably develop into one
of the largest oil companies in Cali
fornia is a company just organized,
with such men as G. A. Garfield heaV-
lily interested, known as the Consoli-
dated Midway Oil company Capital
at the command of some of the stock
holders would, it is said, aggregate at
least $50, 100000, part of which is held
by fasteners who have decided to en-
ter the California oil fields in a COM
prehensive way.
This company bears every appear
ance of being one of the strongest or
ganizations on the coast and will be-
gin operations in the Bakersfield and
Midway districts under what is said
to be very favorable conditions.
It has secured control of 1000 acres
of oil land and has options on 1000
acres more in the Bakersfield and Mid
way districts. In the latter district
it has about 400 acres located in the
proved field.
The new Consolidated organization
has as a second phase of it's prospec-
tive developments sent a representa-
tive into the great oil fields of old
Mexico to get data on that region.
1t is announced the company will
begin operations on proved ground and
that it contemplates putting down not
less IMAM twenty WellS uuTlilB INC
present year. 1t will also develop
ground lying outside the proved dis
trict which has every prospect of ex-
tending the field of development far
beyond its present limits.
Company of Rich Men
The company seems to be one of
rich men, and as such will probably
make good it's assertions to develop
fol
required to enter a new field and make
it pay. and reports are that this COM
pany have these to command.
The personnel of the new company
includes NJ. ]. Monnette, the man who
made millions in his Goldfield invest
ments through the firm of Hayes
Monnette, and who has since engaged
extensively in the banking business of
Los Angeles. j. r. Mckenzie, presi-
dent of the Exchange National bank
of Colorado Springs, interested in the
sugar Industry of Los Angeles, is pres
ident of the new company. Sidney
Smith, who is considered one of the
live wires of the company, is one of
the directors in it.
G. G. Gillette, a successful oil pro-
moter who organized the Bankers OIL,
the California Midway and the Well
man companies, is a director. r. p.
Davey, heavily interested in local real
estate and sugar, is also a director.
j. NJ. Danziger, son-in-law of G. A.
Garfield, is vice president and general
manager and Ora E. Monnette secre-
tary and treasurer. G. w. Foreman,
who has successfully managed some of
the prosperous enterprises that have
made history in the west, will take
an active part in the promotion of the
new enterprise.
Are Heavily Interested
These men are all said to be heavily
interested in the Consolidated Midway
Oil company and represent sufficient
means to carry it's object to a success
far beyond present contemplations.
Mr.. Smith and others are now in the
east and have succeeded in interesting
in the Consolidated Midway Lee B.
Durstine, president of the North
American Life Insurance company of
Newark, n. j., and e. A. Wiltsie of
New York, who is associated as
partner with John Hays Hammond. 1t
is said that other prominent eastern
men have become interested fnan-