The Tucumcari news and Tucumcari times. [volume] (Tucumcari, N.M.) 1907-1921, 1917-02-22
LEARNED MEN BELIEVE
THERE IS MUCH OIL
TO Be FOUND HERE

A meeting was held at the Com
mcrcial rooms Monday night TO hear
matters concerning the sinking of oil
wells in Quay county. Mr.. Medford,
a representative Of the company do
! ing the work, was present, also other
: gentlemen interested in the oil busi-
ness, prominent among whom was
Judge Hazelwood of Amarillo
a large number of business men
had been notified concerning the meet
/ ing but they were not very enthus-
iastic about the matter and were not
there. Mr.. llazelwood spoke freely
as to what ne thought of the oil for
nations, pockets, rivers and lakes un-
der our very feet yet unknown to any
OF the citizens of Quay county. He
said the track, were numerous and
! like rabbits, whore the tracks are he
lis sure the real thing must be not
4 far away. He said he met people ev-
erywherc who spoke highly of Tu-
cumcari and Quay county and contin-
uing said, 81 don't know town any
where that | would rather invest my
money in than Tucumcari have iv-
ed in Texas III years and have seen
this western country grow from mere
to the present high state of civiliza-
ton. and ! believe | could double or
treble my money in course Of a few
years here. You have good water,
! good climate, good location, good rail-
road facilities, and the railroads are
to he greatly improved within the next
year have accumulated considerable
money in investing in oil in Texas.
II is my opinion that the present war
will be ended before the present year
You people have n great opportunity:
look at the value of land last year and
this; notice the increase in all parts
of the county. One half section was
priced to ME a year ago at $4,000. This
same land was priced few days ago
at $4,000. This land lies between San
Jon and Rama.
There are IL tracks here and it's
up to the people to find the oil. have
already obtained a number Of leases
and expect to obtain several more.
When ! have sufficient number / ySill
engage eNrcr.enc o.. men, some I
know personally and believe what they
say, to look over tha proposition and
this will be accom- she'd before the
hot weather begins this summer. The
worst feature IS that there are too
many Indications 81 OIL find it ev-
ervwhcrc in the valley and along the
brakes. The OF" hing that makes me
believe there is on in your county is
that once. not 90 very long ago, man
employee hy the S,andard Oil Co., who
stands at the head Of his profession,
and a personal friend Of nine, said he
would make affidavit that the largest
oil fields Of the world viii be found
in Quay county. ! have closed my law
Office in Amarillo temporarily until I
can look over your county. | believe
can make money easier and quicker
out here and life is too short for me
to waste any time. do not believe
in oil wtchng or Guess locating but
practical experience tells me there i
oil in Quay county and am going tC
spend some money TO prove my as.
SertionS, Nothing less than an eXper.
fenced gCologist win be employed by
me mt the end"
Judge Ha2elwood sail many thing.
complimentary to this locality and h,
meant what he said because he dom
belong 90 the fore-flusher class, and il
would do anv citizen good to hear hin
express his views.
After hearing Mr. Medford's prop
OsitiOn il was suggested that Il con
tract hc drawn up calling for the drill
er Of ,hc proposed well to put hol,
down $500 feet. If OIL was found a
a lesser depth, then 81 wa, up TO tn,
stockholders TO say Whela. or not i
was paving proposition. II was es
timated that the well w.Jld 60 clos
: to SGO.G0O0O. NJ. M,i'ori j. oppose
y 20 raise $GG 10000, half OF which is &
be used in promoting the proposition
selling ,hc stock and for advertiser,
'' purposes The proposed wells are t
= be put down near Endce where othe
parties sunk a we'll few years az
to the dcpth Of 100 feet. Mr.. Med
ford believe he will strike oil at tn
depth of 2lOD TO 27Ol feet and it wi
, re III "aA'hE quantities. lie asked IN
~ cooperation Of the Tucumcar bust
,, men and such others as were person
y ally interested He said his compan
intends to put down the well whethe
., Tucumcari assists or not, but the
- would appreciate the cooperation @
, the local business men, rs i woul
= tend TO mgte the stock sell more reaC
- II" by lending confidence to the pros
osition.
u SISTER OF MRS DUNCAN HURT
D. IN AUTO ACCIDENT IN TEXA