New-York tribune., 1910-06-19

miles from the San Cristoh,1 ~.,
Sir Weetman's original prosnec.. oas
close proximity to the 4lnatisIs.
cry. Another well, d 'punnusr.. 70
brought in at Sarlat. IN tha r ds
district. State OF Tabasco. 1'N'spss
Therefore. it is clear tha, e.,
has abundant Mexican crude n,
supplying the home market b,,t ong
his export trdde. Mr. Pierce - 80
lean crude, excepting the sp,.T1 - u
that he IS obtaining az pressn. t-4ars
Mexican Petroleum Company Is4
With Increased Viqor.
Reports from the fields sav
Pearsons are prosecuting w,fb
vigor the work of exploratfo-
pioitation. Under the exclusive - -
and concessions granted bv tba~
ment to Sir Weetman, which 49,
mense areas in the states ~ -.
Chiapas. Campeche. Vera Cruz -
pas and San Luis Potosi. he iy 60
undertake extensive explorations -, -
spent millions OF pesos IN vaza,
He has given Mexico 2. new and -.
branch of export trade. He uroba.n.s
invested twice as much MONEY,
ing oil lands, exploring for oil ana =
construction Of refneries. pine Iin..
railways-as all the other oil cor1u,,e
operating in the republic. combi,s5
Sir Weetman has withstoos
equanimity one or two setbsekz -,
although far from weIcome ar fra.
have gone into the sum total NJ =.
days WORK. in Mexico. The dss.T,-
by fire of the Dos Bocas. well ia o,s
is worthy Of mention. That wss
of sheer hard luck The well vou,s :
/ been a marvellous producer. n v,.
Gated on the Tsnliahua Lagoon =.
sixty miles from Tsrnpico. withi, q
minutes after the we'll began IN -.
caught fire, and 4 column Of hlszs.z
reared itself a thousand feet ahors'
earth The fire RACED for nasr,v
months. an1 all efforts 10 extfurTts.
were in vain. This was beyond ou.-.
the biggest oil we'll the world has
known. Its capacity for weeks was =.
ously estimated at from 100000 n qa !.
barrels a day. Instead OF an ors-s.
11[s inches in diameter, II is nov a ss.s
ing crater Of hot salt water. aftr a~s
In area. from which there stfn A1-,
small quantity of enulsihed oil and e,r
II Had Its Worth.
But this unfortunate cstastror1s II
not without It's value. for IL at-r.-..,|
worldwide attention to the Msyicsr II
fields and their possibilities, and uruv.s
conclusively that beneath Meresr 81
there existed. as Sir Weetman Pearson IA.
always maintained. great reservoirs a.
petroleum
The exploitation Of Mexico's vas- r.
troIeum deposits will result in taa aims;
universal adoption IN that country q. 4
as fuel in place Of coal Mexico t1rs
many thousands Of tons OF coal au-rir |
but the cost to the consumer is ex-ss5sl
" high. It is clear from recsnr 6s7sl-
ments in the Pearsons' explorstt1ns &
oil that the Mexican oil fields uzv
counted on to produce ample eruis al ]
suppIant imported coal as r1sl, VIII
saving of many millions Of dollars ann
alIv TO the consumer. There Is an n-s
date market for oil fuel with tha n
ways alone Of 10000 barrels a daT Il
an equal quantity could be MARKETED ds
for consumption By industrial enrsru-zs
t--- 80 -
trade in refined oils. and his ourHz,
Mexican crude is already greatly N sIr=
Of the 5000 barrels a day necesssT
take care Of the entire Requirements Q.
refined oil trade Of the rspublic.
The oil situation in Mexico ar r,ssri
as between Mr.. Pierce and Sir Wss-s
Pearson. NAV be summed up as tos.1Es
Pearson has ample Mexican crads
Pierce has comparatively none. Psaisl
will have no competition from Pisrca
the fuel oil trade This IS tenfOd II
profitable than the traffic IN rsars1 cS
With the enormous advantags t1ai
Weetman will have over Mr.. Pierce Il
fuel oil trade. the position Of the Pa-'S1i
as a predominant factor IN the As1-.
oil business is assured
It must be a great sat1sfactio1 = :
Weetman Pearson TO perceive as q 1a
the fuIfllment Of his belief N 4-l
resources. at the expense Of the 81
man who pinned his faith 10 the van :
hollow motto
pioneering doesn't pay.