The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1910-10-07
.MATSON DENIES
.LUTTEDS STATEMENT
Tells What Lakeview No. 2 Is
and States That He Refused
to Endorse It.

To Whom It May Coucern:-It has
recently come to my notice that certain
Misrepresentation are being made BY
certain parties in Honolulu in connec-
tion 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
lished notice to the effect that the
use of my name in any manner what.
soever in this connection is totally un-
authorized. have particular reference
to an advertisement appearing in The
Pacific Commercial Advertiser under
date of August so, 1910, reading as fol.
lows:
''Your Opportunity.
"About four weeks ago sold a bust.
ness man of this city some Lakeview
No. 9 oil stock. He wrote to 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. saying Il
was frst-class, gilt-edge, good invest.
ment. Today he doubled his first pur-
chase. urge you to buy. 1t is a safe
proposition. A few shares would put
you on easy street The profits from
oil is fairy tale. Ask John D. Rookie.
Teller. Shares. now thirty cents, win
be forty cents after September /. 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, part of the Honolulu CONSOLE
dated Oil Company, among its various
properties controlled under agreement
with the original locators Section No.
90 in Township No. S2 South, Range
No. "a East and under date of April
3. 1910, leased this section (640 acres)
for twenty years to Chas. Il. of, r. d.
Wade, George S. Stafford and f. s. Shat.
tuck. The lessees were to pay bonus
of 500 per acre for the lease bonus to
be paid out of the first production oil,
and further they were to pay a 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
mont
Subsequently, it appears that the
aforenamed gentlemen subleased the
, west half of the southwest quarter OF
the above mentioned section to a com
pany organized and known as the
Lakeview No. 2 Oil Company, which
was entirely contrary to my under
standing when originally leasing the
whole of Section No 20 to them.
On June 20, 1910, received letter
from Mr.. J. Oswald Lutted, inform,
ing me that he had become a stock.
:, holder in the so-called Lakeview No
Oil Company, and indicating to me
Y that he expected to leave for Homo
9 lulu shortly with the end in view OF
| disposing of some of the stock of that
q company in Honolulu. He also request
ed me to favor him with a written
: endorsement of the proposition as 8
whole, which | absolutely declined to
do. refusing TO lend my name for any
such purpose. was naturally very in
dignant at the suggestion, end also an
noyed at the action of Mr.. OF anC
his associates. TO whom had originally
J leased Section No. 20, and who hat
evidently entered into some su.bleasinl
I 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 win be seer
that Lakeview No. Q Oil Company II
4 operating under a suitcase of least
taken from the Lakeview Oil Com
pany of Midway, and, as the royalt!
to the Lakeview Oil Company of Mid
way is 1919 per cent. of the tota
j production, presumably the Lakeviev
z No Oil Company will also have t.
pay an additional royalty to the origi
e nal lessees as above indicated.
0 I have taken the opportunity Of mott
J, flying directly by letter both Mr. Chas
n +. OF and Mr.. J. Oswald LUtted of m.
e position in this matter, and ! nov
!s reiterate that any attempt on the par
i of any one to use my name in an.
y matter whatsoever in the exploiting an
d selling of oil stocks in the Hawaiia
y Islands is totally unauthorized.
'e WIN. MATSON.
81 San Francisco, September 10, 1917