The St. Mary banner., 1916-07-01
OIL COMPANY ORGANIZED.

IL le WIN pleasure tndt VIC icdI
of the organization by come 9
cur local people. Of an oil com
pany to bore for oil at Cbarenton
90 the same property on which
the Tchemataches Oil Company
exploited about fourteen year,
ego. At the time the property or
which the we'll was put down be.
lopged TO Mr.. Hubert Delhaye
Now it belorgs to Mr. JustilieI
Robichaux. The Tchem alta ches
Oil Co. struck a stratum Of oil! a!
725 feet in 1902. That company
went down about 100 feet. and
was compelled to cease operations
for lack of funds. Since then. g.
different times. there was talk OF
further operations but none ma
terialized. possibly cn account 0,
the very tad years experie need i,
this section of cur county.
Now however. with the prospe c's
in view. and with the new impe:u
taking place in the deveioi mem
of our resources, the people 0!
Charcnton aid vicinity are awak
ening to the fact that there is oil
there. and want to go down and
get it. Why is it impossible or
improbable that an oil field can
not be brought in St. Mary ?
1t sounds like dream too tue te
be realized perhaps, But fifteen
to twenty years ago one would
have been considere d insane tc
have then said that Louisiana
would one dey be one Of the big.
get oil producing States in the
whole Union. Still it is all Of
that, and every now and then VT
heer of new field coming in.
Why could not this be true in ST
Msry?
The company now being organ.
iz~d will be known as the St
Mary Oil ard Mineral Co. Irc
Its capital stock will be- S 5 O0O.QO
of the par value Of $40 90 per
share. and its domiciie will b.
franklin. Well known citizens
and business men cf Charentor
and franklin are organizing this
company. We are Informed iha,
the company will hold leases CT
about 1900 acres OF land, which
will comprise all adjoining land
for q mile CT more around where
the boring viii. take placn. The
company End its directors will gf,
the very beet d,iIlers and opera
tors money can ford. The or.
Raniz-rs are determined to exploit
the land under lease to its fullest
capacity.
This is a public enterprise which
means much to the business peo-
pie ard land owners OF this Par
ish. 1t is well known that when
oil inve stors learn that a test we'll
is being pu, down, they immedi.
ately eeud their agents to deter
mine at what price leases and
optione can be taken on land with
a view of getting in on the ground
6oor. 1t means that oil investors
will for ten miles around. obtain
leases and pr. coed to exploit other
To the town of Frank
lin, it means that oil investor
and monicd interests will come
here and make cur town it's head.
quarters. 1t will bring money i
The town AID adjoining country
That is what we want and what
We need We want our resouIc.s
and industries developed. This
can be acce mplishs d if the people
of our town ard parish will lend
! helping hand to move Of thi.
kind. A few thares If stock 70
he irdlvidu,l may increase lots
10 return directly ard indirectly
L certainly will h'lp a worthy
,roject and it may mean the be-
Iinuing of greater things for our
! hole par;sh. Let every man
therefore, encourage this o'gani.
ation ard contribute mis- share in i
money towards ascertaining if ST.
lary can be classed among our ,
il producing parishes. .