The Caldwell watchman. (Columbia, La.) 1885-1946, 1915-05-21
Ia civ the largest oil land deal In

A|tSo~ |
point of area ever effected in Louis
lana was contaminated when New
York capitalists took over $4,000 |
acres in Caddo, Red River and Bossier
parishes, constituting the holdings Of
the Commerce OH and Gas Company,
the Rogers Oil and Gas Company and
E. X. Smith ard associates, Henry l..
| Satterlee, s~on-in-law Of the late J.
Pierpont Morgan, and G. l.. Garfield,
prominent New York banker, are at
the head Of the syndicate that pur-
chased the lands. They were eprp-
scented in the final negotiations BY
G.. NJ. Cummings, Of New York, F. d.
Keech and Company. Of New York,
were the brokers in the deal. Henry
w. Miller came here as their repre-
sentative.
The exact price at which the pror.
erty changed hands was not given
out, but it is understood to be greatly
in excess Of one million dollars. The
plans of the company originally en-
braced a twO-million-dollar corpora
ton, but additional tracts were taken
in and it is noN proposed to increase
the capitalization to $4,000, 900.
1t is said that the deal marks the
assembling Of the largest area of hold
ings by a single company in any
proven field in the United States. All
the property except about COO acres
is owned in fee simple.
The rapid and remarkable develop
ment of the Rcd River parish oil field
l is said to have originally attracted
the attention of the Eastern finan-
ciers. AS an evidence of what NAV
be accomplished in the oil fields Of
: Louisiana, the Commerce Oil and Gas
Company stands almost without a par
6 allel. The owner of this property.
s I'll Shreveport men, put into the COM
pany 5000 cash. They parted with
Q their holdings to the New York finan
! ciers for $500, 900 and have, besides.
enjoyed handsome returns from three
/, oil wells for some time.
A shipment of more than twenty
carloads of range cattle purchased
near Lake Charles left for western
y Kansas, where they will be finished
= off for the central markets. Phil
Hood, a Kansas ranch owner, was
the purchaser, and the cattle were
secured in the eastern part Of Vernil.
a lion parish. in the northern part of
lie Cameron parish, and in the southern
lie part of Jeff Davis and Calcasieu par.
d ishes. Nearly $4,000 in cash was
is paid stockmen in this section for the
Id 100 head of cattle in the shipment
'e- In an interview given out Lieuten'
ant Governor Thomas C.. Barrett OF
ne Shreveport declared for a constit,l
BY tional convention to be held during
al 1915. Mr.. Barrett said he believes q
st constitution written by the right sort
lis of men is more important than tho
so candidacy of any man; and while
W. there are some who think the cOnsti
lia tntion should not get in the way O
4 tire campaign, there are many more
who believe the campaign should no
get in the way Of the constitution.
That the underwater method o
At warfare so persistently followed b,
ne Germany in the face of repeated pre-
NJ tests ON the part of neutral nation:
will not interfere with the world-wiG
or commerce now enjoyed by the port c
IN New Orleans again was demonstrate
when Captain Clark, skipper of tn
80 British steamship Yearly, appeare
>, at the Custom House for the purpos
,.t If obtaining clearance papers, to n
7. sumo the risk of landing his ship Saf'
~ LILY at Barcelona
The executive committee OF til
toard Of port commissioners OF Ne
"a { rleans decided in favor Of tie
Nv the purchase of the Odenheille: pro
-, erty, wrich was desired as an ado
-. ton to the cotton warehouse sit
"a The property includes about a he
~ square and is just above the New 0
leans Furniture Company's proper,
~n IN the river front. The meeting
the committee was executive, n
after its termination President Lot
,oa announced the property purchase v;
49, decided upon. The price is $4,000
Paul Hebert. William Mansur al
A. M. Hubbs, who were arrested in
orc police raid upon a room over the e