Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-01-19
HUMAl|MA OIL
MAY BECOME A
PAYINGCONCERN

That there Is chance Tor the STOCK
holders Of the Humauma Oil Com
pany to get from under is the con-
tention of Frank =. Payne, salesman
for the company and representative in
Hawaii Of the promoters Of the com
pany which has very heavy repre-
sentation in these islands. Accord
ing TO Mr.. Payne there is fine chance
tor the shareholders to more than
break even through the transferring Of
the rigs from their present location
to a nearby property, where he be-
lieves there is an abundance of oil.
In this latter contention he Is upheld
by press notices from the towns in
the vicinity of the property.
Mr.. Payne takes exception to the
published statement that he pro
NOTED" the company. stating that he
came to Honolulu as salesman for
the company and persuaded himself
that the proposition was gold mine
in OIL" and consequently became one
Of the largest shareholders, in fact,
he states that he contributed a larger
amount of cash to the company than
an one other individual stakeholder.
A call has been issued for a meet,
ing of the local stockholders to be
held at the Young hotel roof garden,
next Wednesday, at 2:30 p. m. at
which time the proposition of Mr..
Payne will be given due considera-
ton.
The following information regard
ing the oil bearing properties con-
tributary to the Humauma company.
may prove of interest to local share
holders:
For the past sixty days persons
have been busy making entries to min
eral claims in the vicinity of the Gu
yama. In the meantime various re-
ports have come from that section of
the possibilities for oil and of the
large number of people who have been
busy stalking out claims in that dis
trict. . 49,
Probably the best-posted man on
the Guyana section at this time is Civ
ii Engineer John p. Black of this city,
says the San Luis 0bispo Tribune, who
has been all oyer the ground where
there have been indications of oil and
has in the past year supplied, the data
for parties of this city, Santa Maria
and Los Angeles following the advice
of Mr.. Black have located claims in the
district which 1t seems is destined to
rival the California oil fields when de-
veloped. H.. 49,
Mr.. Black returned from San Fran
cisco Monday afternoon and on his ar
rival found messenger awaiting him
who had come from the Guyana dis
trict with an urgent request for him
to come at once, as the indications
were such as to demand prompt atten-
ton. - ksE
BLACK left for Santa Maria, where
he met a party Of, oil men who had
come up from Los Angeles, and the
party started for the Guyana imme-
diately, owing to the confirmed re-
port of the large .seepage of oil from
the hills in the vicinity where ii has
been predicted by biologists that oil
would be found In paying quantities.
For some time past at place
about sixteen miles from the town Of
Marieopa there has been a continual
oil seepage from the base of the hills
and it is around this spot that many
claims have been located by prospect
ors and others interested in the oil
game. Report was received here
that during the recent earthquake
the seepage of oil became greater and
now for a distance of eighty feet or
more there are seepages from the
hills and oil is flowing out onto the
level land in a small stream. The
point Of discovery is along the banks
of the Guyana river on Guyana ranch
No. 2 and it is believed that within a
short time following the announce
ment of the effect of the earthquake
in that section that many prospectors
will flock to that section of the state
IF the recent earthquake has Gre
ated an oil excitement in the Guyana
district some good has come from it,
and advices received from Santa Ma
ria announced that within the next
few days many prospectors from the
Maricopa section would flock into the
new field. Santa Maria Times.