Los Angeles herald., 1910-08-29
AND THE OIL FIELDS
ARIZONA COMMERCIAL
ENTERS SuLPHIDE ORE
Alleged Wildcat Property Makes
Good on Level Below Worth
less Deposit

GLOBE, Aug. 2S-Recent rumors al
lied with the manner Of. development
instituted at the Arizona Commercial
property would give the impression
that the mines management has final
ly abandoned it's policy of trying to
force stock sales by misrepresentation
and has buckled down to efficient ex-
ploration of the property
The 500, 800 and 700 foot levels Of the
Eureka shaft were in a copper en-
bedded in a hematite vein that had no
value as commercial asset, but in
dicated in it's evidences of complete
teaching that there should be a sec
ondary deposit below. Recently a
diamond drill was installed at the
seventh level. After running through
200 feet of barren quartzite it is re-
ported to have encountered a profitable
grade of sulphide ore, and credulity is
lent to that report by the expedition
displayed in getting the sinking OF
the shaft under way. Contracts nave
been let to sink the Eureka shaft TO
the 9O0-foot level, and preparations for
several other drill holes are under way.
If the Arizona Commercial encoun-
ters commercial ore bodies below It's
present workings (and there Is every
reason to suppose it Wild what mas
been a discredited 'wild cat" will be-
come a commercial asset that VIII
stimulate mining operations appre-
ciably in the eastern part of the Glope
district.
********** + 4 = 4 i
operating twenty-acre lease of land
bordering on the edge of production,
and has drilled one well to a depth OF
1920 feet when water was encountered.
The well was then backed up to 94O
feet and although 1t cannot be learned
that it has ever been pumped enough
to determine it's value it is probably
a small producer. :.
Burr Bros, apparently deemlnS IL
advisable to transact further business
in connection with their various COM
panies through some other avenue, are
now, it is alleged, exploiting them
through the Pacific States Guaranty
and Land company, with offices at 5Ol
First National Bank building, San
Francisco and GA H. w. Hellman
building, Los Angeles. The president
of this company is c. H. M. Tooey;
A. j. Beecher, secretary, and Z. n.
Tobey, treasurer, who are, through
their Oil Securities, advertising the
Coalinga Central Oil company, the
Coalinga Crude OIL company and the
Kern Western company. 1t appears,
so far as can be learned, that their
connection with the Coalinga Central
is solely as agent for the sale OF a
stated number of share; of the treas
ury stock of that company; following
the usual rule of a class of operators
who have on their list at least one
first class investment if possible as an
offset to their fake companies, to be
unloaded upon the unwary investor.
EXPOSED IN NEW YORK
"The New York Curb, an authority
on stocks listed on the New York curb
market, in its issue of June 6, 1910, on
page 2, under the heading 500 Sucker
money refers to recent advertise
1nent he had seen in New York, cost
ing in the neighborhood of $500, and
paid for by Burr Bros, exploiting the
Kern Western Oil company, the latest
promotion in Kern county, California.
ut is interesting end should also be
instructive to quote from this article,
the direct and unhesitating' language
employed therein characterizing Burr
Bros. The following is part:
+" The history of Burr Bros. is told.
Their associates have been crooks who
have served time DIT Sing Sing, their
promotions notorious for their failure
to make good" and the only wonder
United States mall
1.-THE Kern Western tract of 160 acres
lies about a mile and a half from pro-
duction in the Kern river oil field and
adjoins a tract upon which the stan
dard Oil company has it's storage tanks.
The June number of Oil Securities con-
tains a map on the third page show
ing the location of the Kern Western
and an illustration of the Standards S
tanks in a manner which to the un-
initiated suggests at once large num-
Der of Standard Oil company wells i'm
mediately adjoining this tract. The
payment for this 160 acres of land is
advertised to be 100000 shares of stock,
$40 900 cash and $50,000 to be paid from
oil produced from the property at the
rate of one-fifth of the total produc-
tion until the amount is paid. The
county assessor of Kern county states
that a present assessment of this land
would not amount TO more than So or $4
an acre, from which it appears in con-
nection with it's remoteness from
proved territory an agreement to pay
$50 900 is absolutely absurd.
1.-THE corner OF this property lying
nearest to the developed field is over
one and one-quarter miles from the
nearest producing WELL 1t is of course
possible that oil underlies the ground,
but it's distance from any proved ter
ritory is so great that drilling there
on is a speculation which might be
classed as extra hazardous.
LEWIS E. AUBURY."
-utr- NIr.An aIn INV 10