The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1915-05-22

York capitalists took over $4,000
acres in Caddo, Red River and Bossier
parishes, constituting the holdings cf
the Commerce Oil and Gas Company,
the Rogers OIL and Gas Company and
f. X. Smith ard associates, Henry l..
Satterlee, sOn-iu-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 repre-
sented in the final negotiations BY
q. 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 prop
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-millioa-dollar corpora
ton, but additional tracts were taken
in and it is noN proposed to increase
the capitalization to s5,OOO,OOO.
II 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 600 acres
is owned in fee simple
The rapid and remarkable develoT-
ment of the Rcd River parish oil field
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
allel. The owners of this property.
pany 5000 cash. They parted with
their holdings to the New York finan
ciers for 100000 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
Kansas, where they will be finished
off for the central markets. Pill
Hood, a Kansas ranch owner, was
the purchaser, and the cattle were
secured in the eastern part of Vern.il-
lion parish, in the northern part OF
Cameron parish, and in the southern
part Of Jeff Davis and Calcasieu par
ishes. Nearly $4,000 in cash was
, | mir cfn In, &c
100 head of cattle in the shipment
: In an interview given out Lieuten-
ant Governor Thomas c. Barrett OF
Shreveport declared for a const'hl-
tional convention to be held during
1915. Mr.. Barrett said he believes a
constitution written by the right sort
Of men is more important than the
candidacy Of any man; and while
there are some who think the consti-
tuition should not get in the way of
the campaign, there are MANY more
who believe the campaign should not
I get in the way of the constitution.
.
+ warfare so persistently followed by
: Germany in the face of repeated pro
, tests on the part of neutral nations
Y will not interfere with the worldwide
, commerce now enjoyed by the port oi
n Eew Orleans again was demonstrated
q when Captain Clark, skipper OF the
3 british steamship Yearly, appeared
/, at the Custom House for the purpose
> If obtaining clearance papers, to rs
, sumo the risk Of landing his chip safe
!. ly at Barcelona
The executive committee OF the
toard of port commissioners OF New
rleans decided in favor of tie oi
. the purchase of the Odenheir1e- prop
!. trty, wrich was desired as an adci
:. ton to the cotton warehouse site
A The property includes about a he'll
q square and is Just above the New Or
4 leans Furniture Company's property
IN the river front The meeting o.
). the committee was executive, tu
!. after its termination President Loci
Il announced the property purchase va,
= decided upon. The price is $4,000
Paul Hebert. William Mansur an
70 A M. Hubbs, who were arrested in 9
q police raid upon a room over the en-
r. gine house Of Washington, No. /
r Church and Laurel streets, Bator
w Rouge, where. 1t is alleged gambling
h. was in progress, have announced thai
= they will test the constitutionality ol
!. the city anti-gambling ordinance.
Gov. Hall is enthusiastically In IA
=. vor Of publically owned grain ele a
tors at ships side, to be constructed
and operated by the Dock Board.
committee from the New Orlean,
o. board of Trade obtained this assur
= ance from the governor at a confer
o. cnce at which several grain dealer
we're present
:, DR.. A. w. Turner, of Shrevepor;
:" head of the Louisiana Anti-Saloo
League, was a caller on Governo
Hall at the St Charles hotel TIL
=, aDti-"blind tiger" legisl3tion eougt
- of the special session Of the legjsl;
= ture by the AntiSaloon League wa
" the subject Of the conference.