Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-01-26

just about the time the first well was
being sunk and there would have been
no surprise if It had proved a failure.
But through the mysterious workings
of providence that first hole drilled
into the earth by the stevens Point
OH company struck one of the richest
supplies of petroleum ever found in
the Indian Territory. il was a gush-
er and the oil flowed faster than
they could take care Of it. The news
spread like wildfire, and Bartlesyllle
became a thriving community almost
'over night. The Stevens Point OH
company had made a strike far be-
yond It's widest dreams, but Foster
and Brennan and his associates had
won something even far greater, for
their blanket lease Of the whole dis
trict gave them the right to suitcase
to other companies, and ii wasn't long
before oil companies by the score
were organized all over the country,
and stock was eagerly snapped up by
the public who saw riches ahead. For
If the Stevens Point Oil company had
been so successful right at the start,
would be equally successful, for II
was beyond conception that the Stew
ems Point company with no expert
ence could go down there and strike
a gusher in the first hole they made
in the ground.
But in this the public waS abso
lutely mistaken, for II was one of the
purest streaks of luck that ever hap
pened to man, that in sinking the first
well the Stevens Point Oil company
should have struck an almost limit
less supply Of oil. OF the hundreds
OF companies organized all over the
country, and Of the many organized
at Stevens Point. a few were success
full, but by far the larger number new
er got beyond the stage of selling
their own stock, and of those that
did strike rich wells, none We're ever
more successful than the Stevens
Point oil Company. Among the more
successful companies were the oneida
and the shlocton OH companies,
which made wealthy men of their
promoters. A few men connected
with the Stevens Point Oil company
who went into the scheme practically
without a dollar, acquired wealth ap-
preaching the million dollar mark.
But taking all the companies organ
iZed in Stevens Point, and the cash
paid out for stock in other companies
that proved to be worthless, and II Is
a question whether as a whole the
city of Stevens Point did not put more
4,,t, I'll 1,
lucky ones ever took out of the wells
I'm time, those who owned the
blanket lease sold out their rights to
the Standard OIL company, which had
extended its pipe lines from Indiana
to the new field. Some of them have
retained the fortunes they acquired
in their lucky venture, while others
dropped what they won as easily and
as quickly as they had acquired it. OF
those interested in the first venture,
Foster is now in Oklahoma. likewise
DIR. Rood. DIR. Haddock is interested
in developing a gold mine in the por-
cupine district of Canada, and John
Brennan is located at Bartlesville.
"Foster parted with his interest in
the Portage county marshes which
are now being developed and it would
not be at all surprising if in time the
marshes will produce more wealth
than the oil fields of oklahoma.
"There may be a few errors in re-
lating the above story, but the main
features are correct and are as told
The Tramp by one who was on the
inside, and who luckily acquired
few thousands more than he invested.
The story sounds like fiction, but it is
now matter Of history."-The
Tramp.