New-York tribune., 1910-06-19
Has Ample Supply of Crude from New
Fields Just Brought In.
NOW CONTROLS HALF OF REFINED MARKtl :
LOW PRICES SAVE MILLIONS 10
CONSUMERS

Me,ico n. f, June 13.-Wen posted
,ocsI observers affect to discern in 1he re-
-e,+ 7,rolonged stay in Mexico OF Henry
clay Pierce. and his leasing of house
in q smart quarter Of the city, one or uie
,,,os+ significant OF the latest moves IN
che Mexican oil war. If il means any
thing. they argue II means that at last
rrr Pierce has awakened TO reallZatlon
Of che ieoparCiy in which his interests IN
Aferico have been placed through the per
sistent battering and aggressive tactcs OF
s,;r Weetunau Pearson, and that he was
fearful longer to trust the fortunes OF 'h@
Waters Pierce Oh Company TO suooroh-
mates
--7,s interpretation of Mr.. Pierces pres
enoe in the country where he is making
his final stand TO retain his prestige ana
sn%rence as a potential factor IN the Oh
traffic of the world may or may not os
--o-rerf Rut the fact is that Mr.. Pierce
did take the saddle himself, and for the
ers+ time since the war began. The in-
<ere,-e that presents itself is that he must
.eve deemed the situation grave to dis
r,,ie-ins degree in order thus to quit the
United States and precipitate himself into
she forefront of the oil war, and at the
eleventh hour.
prohshl,- there Is no basis for the theory
of those who seek to make ii appear that
Ar Pserce may have thought himself JUS
-1eed in coming to Mexico at a time when
.,,dicisI proceedinss against his company
ere nending in the State of Oklahoma Ill
ss undersigned here that the Oklahoma
,rosec,Ition did not involve any elements
v,1,cr, might VISIT upon the Waters Pierce
oil COMPANY the results that attended the
sriaI of the corporation in Texas. IN
Texas the Waters Pierce OIL Company
vas nulcted s1.600,000 gold in fines, and
sts 5arvsicsI properties, valued at many
millions of dollars. were confiscated Its
president was acquitted OF a charge Of
perjury
Pearson BRINGS in New Fields.
Another and more vital development IN
the oil war came simultaneously with the
ennearance Of Mr.. Pierce in Mexico. The
Pearson interests, which are headed ana
controlled by Sir Weetnan Pearson, the
farnous constructor Of public works. have
s,,s- brought in seven new wells in four
rsfstfnrt oil fields which have not before
reen exploited. -Four Of the wells ara
e7,srers. two are flowing wells, and the
seventh. in professional parlanoe, Is
s'n,,r1per' The importance of these OIL
discoveries cannot be overestimated winch
Is shown by the widespread comment
which thev have excited from the trade
rress and oil experts generally by the
bringing in Of these wells Sir Weetman
is assured OF a. supply of Mexican crude
ciI arnnIe TO meet the demands or The
Mexican market and leave g. surplus sufh-
cient 10 supply the Pearson export trade
In connection with the bringing In oI
Tnese new fields there is q consideration
which probably Will afford Sir Weetman
,nenitelv more satisfaction than the
strategic -erad financial gain which accrueS
n him. The existence OF these sources
of sIpply fully vindicates his belief that
Mexico possessed extensive petroleum oe-
r,osfts the development Of which Woul1
give Il a commanding position IN the OIL
markets Of the world. His faith IN the
r,e+roleurn resources of the country and his
knowledge of its greatest need-cheap
f,Iel-are said to have been the princlpaI
reasons that led him to begin exploring
for oil ten years ago
One more trump card was played by the
Pearson interests IN greeting MI pierce 20
Mexico. This consisted in transporting
from the FuTbero oil fields TO the Dig
Pearson refinery at Minatitlan, the hrst
csrgoes of crude oil that have been pro-
6uced by the FIrbero fields Sir Weet-
man hes virtually the entire product OF
m. Frrbero district under contract De-
Laws in, constructing the pipe line from the
F,1rbero wells to the coast of the Guu OF
Mexico. whence the oil is transported nv
tank steamers TO Aiinatitlan. and the Stir
embargo that was laid upon all fnforlna-
tfon relative 10 FNrbero and fits capacity,
had given rise To reports that the oot1on
Rad fallen out of Furbero, and that there'
e- .easr. Sir weet,nan had been baked In
Iisi Quest for crude OIL
An Advantage Overcome.
Ezs the Pearson interests accom-
wished with rprerneditation all that has
occurred in the past few months 70 favor
them. they would have been unable n
stage Mr. pierces arrival in Mexico in q
-osr1raer better calculated TO discomfort
him As the game now stands, whatever
advantage Mfr. Pierce may have held IN
the beginning has been gradually over
come by Sir weetInan. Mr. Pierce had
ct the outset, manifold elements in his
favor, proceeding from his undisputeo
e,rzerei1ry over the Mexican oil marker
for thirty wears the possession Of e, high
1y svsfeu1atized selling organization anc
fhe knowledge of the ins and outs of the
trade which went with il. He also has
claimed the sentimental and material CO
ereratfon Of the Standard Oil, and the ex-
tstenoe is not disputed of a war chest
.bulsing with accumulated profits
Mr.. Pierce's net profits in Mexico. until
two wears ago. UP 20 which time he hao
g. monopoly Of the trade, were nearly
s..ooo,ooo gold year. Sir Weetmsn now
hae 90 per cent Of the Mexican business
with g. selling organization fully as capa-
ble as that which Mr.. Pierce had tvs
years ago. II must be all of that by the
nature OF things, because Sir Weetmar
has in his employ almost every member
of ths Pierce forces whom he thought II
WORT, his while 70 enlist under the Pear
son standard he has al OF the Mexican
crude oil that hs needs Mr. Pierce was
never thus edvantaged. and is not now.
while Sir veetman has not succeeded
In annex.ng TO his bank balance the con-
tents of Mr. Pierce's war chest, he prob
ably derives q certain satisfaction from
the report that she war has depleted IL Il
"a point where, e IS currently reported. Mr
Pierce Is no longer able TO scoop up z
handful OF gold without getting spl!nters
mon, the bottom under his finger nails.
importance of Issue.
ANY discussion Of the oil war which Is
at ali adequate involves consideration o.
sie rast that Nr. Pierce has much mora
m stake than depends upon the actual
fesus az Sae defensive campaign that hax
.~~v <o-rv,H srnrr, him 1n Mexico. This OF