The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-10-22

pipe line was that it did not recog-
nize the right of the commission
in fixing the price of oil, but TO
avoid friction he wanted to convince
the commission that the present
price is wrong and if a prohibitory
price is made q hardship will be
worked upon his company. The pipe
line now has a million barrels of
Healdton crude in storage, 94O0 bar
rels daily are being handled. What is
taken above that amount is placed
in storage, has only one contract
for sale of oil required to be COM
paratively fresh and that is 5000
barrels a day to the Pierce -Fordyce
corporation. Mr.. Greer claimed
for his company the inalienable right
to use their money to the best ad-
vantage that they could go to Cush-
ing for oil at better advantage
He told the attorney general and
commission that all his contracts
should be placed in their hands, but
wanted them protected from the pub.
lie, and offered to pay the expenses
of an expert to the home office to
see all contracts.
Mr.. Greer called attention to a
matter "by a producer" published
in The Ardmoreite yesterday after
noon. He said the statement was
in error; that his company was not
fined in Texas, and the personal at
tack was unjust. The attack did the
producers no good in their cause,
as judged from a remark by the COM
missioner, Mr. Henshaw said he be-
lieved he knew the source from
which it emanated and that it came
from one who was no friend either
to the producers or to the state of
Oklahoma
The question of how to proceed
was brought up. w. b. Johnson
hought the burden of testimony was
Ipon the pipe line inasmuch as the
present order prevents them from
changing the price of oil downward
Mr.. West insisted that pleadings in
writing be filed with the commits
ion by Mr. Greer, so that something
lpfipitp tunn1I hn hafnro
This was not required because the
ule has not been followed in in
'estigations of violations of the anti
rust statutes of the state.
In the discussion here Mr. John
on said that in his opinion the
commission had right to prevent
he taking of oil from the sand un-
er unfavorable price conditions, but
minated that the commission could
lot control the price of oil that had
lready been taken from the earth
nd in storage.
The contention of the pipe lines
re that the commission has no right
o fix oil prices and Commissioner
ienshaw said he was not trying to
X a price in the Healdton field.
Mr.. Henshaw said the commission
an prevent extortion and can pre-
ent the bringing of oil from the
ands. He said he had never met
nth lawyer who doubted that the
ommission has power TO do what it
; doing now.
There was general applause fol-
wing the commissioners statements
'ith reference to the Cushing field
hese statements were that the price
f Crushing crude on the 10th of
ovember would go to Csc a barrel
nd to 75c on the first of January.
he production would be curtailed
, 10000 barrels day, the field is ,
cling now 10000 barrels, the re-
lction to $4,000 barrels will make
demand for the oil. The system
organized now to get oil prices in
lie state under control and the pessi-
list who "hollers" constitution" will
ave to take back seat. Cushing
'oducers are turning down contracts
'ery day to sell oil at less than
lie agreed price; the producers are
licking together and victory is GER
in.
Mr. Greer accepted the burden of
stimony and placed Mr.. Proctor on
e stand This witness was still on
e stand when recess was taken 5
noon. 4
Mr.. Proctor said in part: Mag il
,lia Pipe Line company sells TO o
agnolia Petroleum company Since S
ctober the price paid is 40c plus h
e cost of transportation. The c
4