New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1917-02-24
NEW OIL COMPANIES Or
CANNED.

Since oil has been discovered
near Oliver, there has been
great deal of activity in New
Iberia and Loreauvirle and within
a few days stock will be put upon
the market to exploit several fields
that show splendid indications OF
OIL. We are more than pleased tc
chronicle the good news that act
ual development will soon be
made to make test of the lands
of Messrs. Alexis VOORHEES,. Dr.
A. q. Emmer and that of the
Lewis estate which has been
pooled together and taken over
by the recently organized oil com
pany to be known as the Enter
prise Oil Co. of New Iberia. On
Tuesday a board Of directors was
formed with the following gem
tlemen comprising its officers II.
S. Sealy, presidents A. Daigre,
vice-president; W. C. Segura, see
rotary treasurer; Edwin Brous-
sard, attorney; Emile Simon,
Alfred Lewald, Chas. w. Outh-
waite, Vie J. Erath, Chas. L. Pro-
Vost. ID. A. Dimitry, Maurice L.
marie Joe Renoudet, George w.
Dallas, Emile Gaia ard M. w.
Fisher. This COMPANY was or.
gained for the purpose of ex-
plotting these lands for the good
that will accrue to this commun-
lty by having an oil field nearer
our City than the proven field at
tOlivier. and already hundreds of !
our citizens who are anxious to
benefit the community as well as
themselves have made applica-
tions for the stock.
Another corporation from what
we learn is to be known as the
Marston Oil Co., Inc, this exploit
ing association comprises the SUBJ
joined officials and board: DR.. J.
W. Sanders. president; b. w.
Marston, vice-president; w. G..
Weeks, OBSERVATION-DISCLOSURES; Robt.
"A. Jacob and Edward II. Weeks.
The capital stock of this corpora
ton is $4,000, represented byI
one hundred and eighty-four
shares.
Another company to be known
as the Loreauville Oil Co. Inc,
has also been formed and from
what we learn they have already
made arrangements to put down
two or three wells in the vicinity
near their thriving little town.
just who comprises the board we ,,
have been unable to learn, but we
have reason to believe it is one ..
that will make big success of !
the undertaking.
Since this oil boom is on New :
Iberia has been and is now over .
run with strangers from all over ,
the United States and within the :
next sixty days there will be some
thirty more derricks erected and ,
working in different parts of the :
Parish. There is no doubt this
field is going to prove one of the :
largest and best in the world and !,
nearly every outsider who has :
come here to invest his money does =
not hesitate to make this state E
ment to any one. The finding Of +
oil in this Parish has been a God o
send to many of our land owners :,
in the vicinity of the proven field. o
as thousands of dollars has been :
paid over to them within the past ',
two months, and in many instan- n
ses it helped to relieve mortgages =,
and otherwise give. the land own u
ers a chance to improve their w
holdings. Our hotels and restau- .,
ANTS have never done the bust =,
less that they are now doing and ~
is a whole the entire community ~
will prosper such as they never 81
lave since New Iberia has been y,
"