Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1912-02-13
LOCATED THE LAND FROM !.
. WHICH Oils ACQUIRED
Fe.rse MarshaiItewn Boy, Son 81 Late
psios Arnold, Of Pasadena, Plaintiff
n Important Action Filed at Los An
! ssies-ArneId Leading Oil Export on
Pacific Coast.

[ filed ;by Mr.. ArnoIds son. Ralph Ar
mold. against David d. Buick, the
lautomobtle king" and others. in an eff
Mort ID have confirmed . fourth interest
lin tho Buick Oil Company. claimed by
lMr. Arnold az due him for his services
lin locating the !ano where the big sup
IDLY OF oil is being secured. Arnold Is
declared to be the best posted 'nan on
(oil on the Pacific coast.
The Los Angeles Times tells OF the
Scase, and something Of the history that
beads up to the present action, as fol-
Vows:
ralph Arnold. q consulting geolo8ist.
Iengineer and Oil expert. filed suit yes
,terday in the superior court against
David D. Buick, automobile king. ana
Others, for fourth interest IN the
buick OIL Company. q corporation capi-
|. Walked at 100000 shares and no"
feeling at 50 cents a share.
.Arriold wants 100000 shares OF TINS
{ stock, or its equivalent in money, ana
/ he wants the certificate OF an issue OF
/, 2. 900. 900 shares of the stock annulled
until the case is adjusted and he can
| receive his portion Of that issue and OF
} such sales as have been made from 1t
to about 1000 persons in the east.
public interest in the case lies IN
the prominence of the principals and
in the sensational success OF the Buick
company. Arnold is q Californian the
son Of the late Delos Arnold. OF Pasa-
dena, which IL now the young man
home} His father was a famous sclen-
fist and when he went to STANFORD the
boy knew more about fossils than the
professors and almost as much about
geology. He had played with masto-
don Bone: =. Me nursery.
\ when he was 25 Arnold was graz
{ uate engineer and member OF the
United States Geological Survey. IN
der this department he made Tor the
r government the maps, and wrote the
bulletins Of all the oil lands in Califor-
MIA. He has defined the limits and de-
termined the zone Of all the oil country
In this state and has written enough
~, and mineral bulletins to fill several
hve-foot shelves.
~ II Wizard Of Oil.
-At washington the authorizes say
iyoung Arnold Is the leading oil expert
of the Pacific coast. He Is busy every
minute at 500 a day. according to ms
ATTORNEYS. and is on the stan OF the
Mexican Petroleum Company. the IN
Sion Oil Company and q dozen other
large corporations. including an Eng
fish syndicate which has taken him 10
F.,;rone twice within the last year. That
is; why the present suit was not lnstl-
4uted before this time. He arrived from
europe a week ago, put his suit IN the
banda Of his attorneys and le1t III
medlately for New York.
Buick is the inventor OF the BUICK
automobile and organizer and head OF
the General Motors Company. his
home is at Flint, Mich. J. M. Hern-
don and James B. Lehigh. also defend
q ants In the suit. are Los Angeles pro-
moterg OF oil and mineral lands.
.4The story as told In the complaint
is that Herndon went to Arnold ana
told him that Buick and himself want
ed to. go In for oil and If he would
make the selection of the lands imply
ing, OF course, the rejection OF All IN
suitable offerings, he might nave an
equal interest with them In return 1or
his expert services and in lieu OF any
salary. Later they. took LehiEh into
the combination, which made Meir IN
{ tereste one fourth each.
"Buick and Herndon put up. $25,ooo
each. IT is admitted, but when they Or
+ eanized their company. on March D.
! 1910 10 operate on lands selected by
J Arnold. they issued themselves, Arnold
alleges. stock for the money they had
advanced and in addition they issued
themselves certificates for s,ooo,ooo
shares. Arnold got nothing. altho 1t is
stated that Hefndon was opposed 70
hayin9 Arnold left out
New Beginning.
Later. the complaint alleges, they
turned back all of the stock into the
company to begin over again. Then
it ID faiIeged, they issued themselves
4 2.1oo. 100 shares and left 100000
shares in the treasury for sale.
.tMesnwhile the properties at TAFT
y which Arnold says he located 10,
.hem. began to make good in fabu-
lous fashion. One of their wells flowed
$500 barrels day from the start and
every gallon Of 1t was bought by the
& STANDARD Oil Company. and baid for a
the end Of each week. They have SUNK
another we'll, which u something ire
mendous, producing $500 barrels day
The seduction Of both these wells
4 seeu,as constantly increasing and work
a progressing on other holes. The
stock has advanced steadily, having
iumnel from Is cents, at which It nra,
.old. 10. 90 cents, and promises to &c
hixher. :....,.o,,, tim. %,
4 has Euit. Others mentioned as defend.
\ants are Fred Van Orman. Jonn W
Miner and Stacey G. Lamp.
New Gem in Public Library.