The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-06-28


are chums. That woman believes in
| her boy more than most mothers do
and Mrs. Gait owns some city rea'
estate which she offered to place
mortgage on to give Edward the
| money. There came a race then be-
| tween Johnson and Gait as to which
could get the money first. Johnson
placed a chattel mortgage on his news
paper plant and raised the money
quicker than Gait could place real
estate mortgage on city property and
borrow it. The money came and
was divided.
Mr.. McGhee was a carpenter and
without funds. He was given his in
terest in the partnership in exchange
for his expert knowledge of geology.
The money was placed into COM
mon fund and the boys went to work
to get 10000 acres in leases. Some had
to be bought and others gave up
leases for small sums in order to OBJ
tain drilling. If oil was there, the
royalties would make them rich, and
| they wanted to get chance at the
royalties and gave up their leases
with few exceptions. When the acre.
age was accumulated deal was made
with the Red River Oil Co. to drill
test for oil and the acreage was
divided into alternate tracts, and the
Red River Company given generous
share for actual development.
The first we'll was started July 22,
1913, and was finished August 13, less
!, than a month after the drill was
started When the news went out over
the wire that an oil well had been
found in Carter county, there was a
rush in this direction. Oil men from
everywhere came. AS one of the old
heads saw the oil coming from the
ground and after he examined the
quality he remarked, "My God, it has
been found at last" meaning by that
expression that oil men had spent
millions to find just such quality of oil
as has been found in the initial well.
was found the partnership was Or
ganized into the Crystal Oil Company
and a charter taken out The COM
pany let out a portion of its acreage
for handsome bonus and for one-half
the production to the Twin State Oil
Company. The Crystal Company at
this time has 81 producing wells, it
has zoo acres in the proven field and
1000 acres more in the undeveloped
portion. 1t has 100000 barrels of oil
in storage. This amount includes the
company's interest in the Twin State
production. This company brought in
the first big gasser that had produc.
ton of 93,OOO,OOO cubic feet per day
and after this well was brought in
they drilled another well that had a
production of 100,000,000 cubic feet of
gas which is the largest gas well ever
found in Oklahoma, and made the
Healdton field the greatest shallow
gas area in the world.
The officers of the company are
Writ Franklin, president A. T. Nc
Ghee vice president, Edward Gait, Sec
retary, Roy NJ. Johnson, treasurer,
and Sam A. Apple, auditor. The of
fees of the company are on the second
floor of the Baird building at the cor
ner of West Main and B street. they
occupy eight rooms finished in maho-
gany with appropriate furniture and
carpets. The offices have every mod
ern equipment for ease and elegance
and convenience.
Mr. Franklin besides being presi-
dent of the Crystal Company is also
president of the Indepenent Produc-
ers association, an organization form
ed for the purpose of fighting for the