Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-04-24
CLAIM M AFFIL|ATI0N
OFFICERS HAVE BEEN SAME FOR
TEN YEARS; MAS NOT
$50, 900 ACRES.
STOCK Can Be BOUGHT
Has Drilled More Wildcat Wells Than
Any Company In state OF Ok
iahoma l. Claim.

BAHTLESVILLE, Okla. April 90.
(SpeciaD Probably in no industry
In America today are the reports so
conflicting AZ in the business which
pertains to the Development OF the
mineral wealth of the nation and in
Oklahoma at least this applies in a
particular manner to the oil and gas
Industry
The Usage field for year or more
has proven good food for the ro-
manccr, and as result of the many
misleading and unwarrantcd state
ments given out, both printed and
verbal, the Indian Territory Illumin-
ating OH company, which company
IS primarily responsible for the de-
Vclopment OF one OF the most I'M
portant industries in oklahoma. has
decided to give IA concise statement
of facts to the public. This state
ment, which was prepared by John
/ II. Brennan, counsel for the Indian
Territory Illuminating OH company,
Is as follows.
Facts Concerning the Leases In the
I usage.
The Indian Territory Illuminating
oil Company stock is not controlled
\ by the standard, directly or indirect
Il j.i. and said Standard i, not, and,
never has been. interested therein.
The officers of the indian Territory
/ Illuminating oil Company are sub.
/ stantialiy the same through the last
/ ten years. aud they have no interest
| with the Standard or any Of its sub
salaries.
/ 1t was not granted $4,000 acres of
leases
1t got 1850 acres only by act of
/ renewal
one hundred and fifty-six COM
panies and individuals got the rest.
except the royalty to the Parent
! Company
4 II never controlled the $50. 900
acres or the oil production thereon.
/ Is stock never had substantial
value in the market
Said stock was and is easily OBJ
! tainable.
Tho two first companies became
bankrupt, followed by a bank. by
reason of the pioneer operations af-
ter granting the lease in 1896.
II has received II total Of S2,O07,-
O5S.55 in IL years and paid out. or
turned back In the Usage 81 ,53O,-
65i.O
II has dlsburscd in development
/ $500, ,0OO. 90 more than total royalties
received.
II has lost SiOS,0OO.OO in giving
the producers gas for Development
purposes.
It is not the Big Company that is
generally supposed.
The families OF the first Fosters
pioneers who drilled the first wells
On Oklahoma-are stockholders.
II has drilled more wild cat"
wells than any other Company in
Oklahoma.
1t has never subleased since 1895
and was given on land to suitcase
by the Act OF Renewal.
1t obtained the right to drill for
gas on about one-half of the sub
leased property the sub-lessee TO
l have the well II II lS OH, ana the
Indian Territory Illuminating oil
Company bear the expense Of a dry
hole.
1t has spent a total Of 1880
Gji.Oj out Of a total OF S2,00I,05S.55
received from all sources
Under the system of cooperation
established IL has paid the Usage In
dian Tribe s2.7SL9s5.9s ut IA yearly
cost to said Tribe and the Govern
mcnt of only Si.OO0.00 per year.
II. V. Foster. President, is the son
OF Henry Foster. the pioneer oil man.
who really secured the first lease,
but it was taken on the very day OF
his death in the name Of Edwin II.
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