Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-11-20

OF property in the city last year was
nearly $4O,OOO,OOO. on the whole,
1t Is safe to say that the 5000 resi-.
dents OF Tulsa actually represent "A
wealth OF their own aggregatinG
close to S2OO,OO0.OO0 Total re-
sources OF the banks is more than
half that amount.
$i50,0OO,OOO Invested.
One hundred and fiftv million
dollars Is invested here in Industrial
plants that do an annual business
or $25O,OOO,000 and give employ
ment to 1900 persons. Among these
is the great oil refinery and wax
making plant of Cosden 4 Co, one
OF the leading Independents OF the
United States The story OF the
magnificent rise Of this company
discounts the most allurink fiction,
ana throughout all the years OF oil
development on this and other con-
tnents the name OF J S. Cosden
who helped 10 make Tulsa and
whom Tulsa helped to make, will he
a synonym OF good luck. Equally
interesting Is the meteOric career
OF Mr.. Sinclair, head of the great
independent corporation that bears
his name, and the fortunes OF Mr.
Sinclair and Tulsa are inextricably
interviewer.
Nor can the story Of Tulsa be
properly told without chapters at
length relating to Mr.. McFarlin and
Mr., Chapman, the country bankers
or moderate means who in a few
years sold their oil holdings for S35,-
100000, a great deal Of which they
invested In Tulsa.
SkySCrapers shoot up no rapidly
here that one must vsit Tulsa every
few weeks TO identify spots that he
knew before Now that the war iq
over plans for construction almost
unbelievable in their magnitude are
under way. one oil man has a mil
lion lying idle in the bank that is TO
be put into an office building. An
other man, who keeps two million
on deposit in a checking account
for spending money, IL to put part
or all Of that amount In an office
building. These Tulsans are not
afraid. They laugh at the man who
dares suggest the possibility OF the
city overbuilding They figure 1t out
this way. The great plants here that
deLSnd upon oil will remain great
| plants 40 long az oil Is produced In
| the middle OF America. and Tulsa
will remain chief headquarters OF the
industry regardless OF where oil de
velops.
Home of 1000 Companies.
Tulsa is the home OF nearly n thou
sand compa that deal in oil or
| It's products. or the wherewithal to
make oil production. over $4,000
Of its population is supported BY the
! oil industry. These people know the
game as no other people know II.
In all the new fields developing there
is the hand OF Tulsa. Knowing the
game So thoroughly makes them i'm
| patient with many so-called oil
| operators OF wildcat regions. who
| spend needless amounts OF money,
much OF which is not their own.
An outstanding fact here that must
| Impress every Tulsa visitor Is that
the independent operators nurture
the Tulsa spirit Tulsa has no crow
TO pick. especially with the Standard
! oil. for standard Oil has been, after
ALL the chief factor in the oil devel-
| opment of Oklahoma. but Standard
oil did not make this world oil
capital. Its net returns have gone
east to the money centers, The In
dependents have invested their
money at home. They have built
skyscrapers, churches, libraries
schools. good roads and paved
streets. They have established great
banks and trust companies and in
dustrial plants. Yet in Tulsa there
is an intermingling of interests be-
tween standard oil and independents
that is perfectly agreeable, based or
the very fact that Standard Oil must
be given n share OF credit for the in.
| dustrlal possibilities of the state.
! Tulsa makes everything unani'
nous These milhonaires are ter
ribly busy with business, 80 they
employed Col. Clarence Douglas
former editor of The Muskoget
| Phoenix, TO do much Of their civic
| thinking. SO thoroughly does Col
/ onel Douglas know them and 81
| adaptably does he anticipate then
| des res that very often at meeting
| OF the board OF directors of the
chamber OF commerce about al
! these directors want to know Is
where IL the dotted line for signature
! to resolutions. memorials, protests
| and so on. They like the way
Colonel Douglas advertlses the city
| and he's an artist as an advertiser
Another important advertising
factor is the oil publication. not 81
much IN the matter of news as ir