The herald. [volume] (New Orleans, La.) 1905-1953, 1918-02-28
BIG NEW ORLEANS MEN
ORGANIZE To FIND OIL
Opportunity For Small Investors.
Will Begin to Drill in Terre-
bonnie in Sixty DAYS.

The opportunity for small investors
/ IN Louisiana has arrived. With the
| organization of the Louisiana South.
ern Oil aud Gas Corporation in New
Orleans there will be ample chance
for all 10 participate in the profits
| from oil that come TO all heavily
financed development companies.
This concern is out 10 find oil in pay
ing quantities in TerrebOnne, Rapides
and Ayoyelles parishes and promises
TO begin drilling within sixty days.
II company is no stronger than
us officers and directors, then the
Louisiana Southern can rightfully
lay claim to unlimited pre-organiza-
ton power. For it has one of the
strongest sets of business men and
fnanciers in the State, headed by C..
[. Gaspard, secretary of the Federal
Land Bank. The men are putting
their hearts and souls into this COM
pany, because they realize that any
thing amiss will be a mark on their
unblemished regulations for honesty
and fair dealing.
Officers and directors are:
c. c. Gaspard, president, banker
and capitalist.
Herman Levy. first vice president,
Levy Loeb Company, wholesale dry
goods.
T. S. Schneidau, second vice presi-
dent, Schneidau real estate and in
vestments.
John Perez, secretary, attorney-at-
law.
Stonewall Jackson, treasurer,
wholesale grain.
Hugo Weidmann, sales manager.
Maison Blanche Building.
c. j. Webre, Friend & Webre, engi-
neers.
VIM. Bancroft, secretary-treasurer,
Bancroft & Ross Co., Ltd.
Charles Dickensheets, managing d.
rector, the Louisiana-Southern Oil
and Gas Corporation.
Emanuel l.. We'll, capitalist.
Frank Constant, contractor, Alex
andria. La.
Millions have been made in oil all
over the country, which is the best
possible proof that millions more can
be made. Most of the millionaires of
Oklahoma and California were made
by oil at 40 cents a barrel. Now oil
is bringing 81 barrel at the well,
with premiums from the refineries
ranging from % to 50 cents a bar
rel. Certainly if Accent oil can make
men wealthy s2.S5 oil hardly can fail
TO do less. Not only that but the de-
mand for oil to-day is greater than
1t has ever been. The country and
the allies need it for the thousand
and-one war purposes. Therefore IL
is not unlikely that oil will advance
In price, because it must be had at
any price and the Louisiana-Southern
is out to get it.
First OF all, this company positive
ly will begin drilling in Terrebonne
parish within sixty days. The pres
ence of gas there indicates oil in pay
Ing quantities 1t has about 1000
acres of leases in likely territory and
most Of it is Offset, that is adjoining
property that has been developed or
in state Of development.
Then the LOuisiana,Southern ia
going to extend its operations to Ayoy-
Giles parish, near Marksville, where
oil already has been found. Geolo-
gists, mineral experts, say that there
Is a deep pool somewhere in the par
lsh and that it can be found only by
a deep test. The Louisiana-Southern
proposes to make that test and has
the money in the bank to drill Just
as long as necessary.
Last. but not least, the louisiana
Southern is going to drill in Rapides
parish, near Boyce-a recognized oil
center. There are 1000 acres of
leases in this territory that give good
promise of yielding oil and that i'm
big quantities. A gusher will mean
many new millionaires among the
men and women who are cooperating
with this company in its venture.
1t should not be forgotten that the
Standard, the Texas. the Atlas and
others of the large oil companies own
near that of the louisiana
Southern and in some instances they
have started drilling. This would in
iicate that faith in Louisiana oil Is
not unfounded.