Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1911-01-08
BAPNSDNLb OIL
THE STANDARD S?
PRIVATE TELEGRAM TELLS OF \
ROCKEFELLER COuP
NO French PURCHASE
Tho Real Result l. Much Of SprCuln.
uun-Did lmrn.dnil put
Blun Through.

Tho tremendous Hlrnsiall OIL lutcr-
esls situated IN hroc sutos which
have been the subject OF much press
comment of late by rc0son of a French
syndicate having taken option ON tbem
for sum reported ot l0 million dol
lars Will not pass into tho hands OF
the FrcuCh az reported ln the dis
patches Friday but viii, be- added %
the assets OF the Standard OH conn
pany
This Ia tho information which
reached Tulsa yesterday afternoon.
conveyed IN a private telegram signed
ny "a we'll known New York authority,
ON the face of the report with all de-
tails lacking Il appears that the
French failed to take up their option
and the eyer-watChful standard step
ped In and nailed down the largest
single interest IN oil production that
mas changed hands IN decade.
Much Of the property involved In
this deal ~ located In Oklahoma, not
all OF which fl publicly Identified with
the Barnsdall interests, There viii he
some developments along this limo
mat VIII afford subject for consldcra-
BILE gossip from time 10 time
with tho report Of the sudden turn
this big deaf In oiidom had suddenly
taken. speculation became rife. Did
tho French turn down the deal or
was BarnsilIl bluTing ali the time p
ThIt is the question no one seems
ahlo 10 answer with any degree Of sat
lslactlon, though the general feeling
among producers more or les. close
70 some of the principal nctora In tho
dramo Is that the gas king put up ono
OF the biggest bluffs ever undertaken
and. 20 use a slang phrase. "mado Il
stick"
Tlat the Standard held mortgage
on much of the property luvolved has
been generally known. There are
some hgures available, Gut It Is un.
safe 20 quote them The sum was con-
siderable. It has also boon matter
or general knowledge that BarnsdaIl
ana the Standard were unable to agree
on price although Barnsdal was
ready TO sell
Then came tho story Of tho French
syndicate and the option. That may
nave been fancy or It may have been
raet Certain II Is that the Standard
was Immensely Interested. It renew
cd its efforts to effect an "undorstand-
ing and procure the property that Il
needed very badly to bolster up its
declining production. especially IA the
Mid-Continent field
But Barnsdall sailed for France. ITO
complete the negotiations thus Par
carried on by his agent" as the care
iuIIy prepared press stories ran. He
was not there long. came back In
few days arriving last Saturday. Then
came the leak at st. Louis assert
ing That Gable adylces" from Paris
stated that the deal had been success-
fully closed ana that oil lands Of
enormous value had passed into the
hands OF the French who purposed
building pipe lines, renucries etc.
The report Of the acquisition OF the
properties by the Standard OF Amer
lea instead of by the French Of Paris.
coming 30 soon on the heels Of thls
ST. Louis story indicates one of two
thlngs EITHER Barnsdall did run a
blur and make it stick. or the stand
ard effected the purchase through the.
so-oalled French,
There will doubtless be- a sequel 70
the story peThnpa gsvprpf of than,