The Canon City record with which is consolidated the Canon City cannon., 1918-05-23

moderate way and had during q long
life accumulated two farms. One was
in the river bottoms and was rich as
Kansas farms 60. The other was
among the poor farms OF the high
lands tho really the highlands don't
amount TO SO very, much in the way OF
ssptudes in Kansas.
Yrhen the old farmer came to di-
Eyae up his earthly possessions he
left the rich farm in the river bottoms
10 his favoriUe daughter and the poor
land farm 10 HIS less favored daugh-
ter. There may ei1are been good rea-
sons for the dfscran,ipation. but these
THINGS tho ncfxhbol< never see-and
the oSd man. x1t<f ~ death. was crit
icised for the unfasr division
About year ago on was developed
, on the land. The owner OF the land
was to get one-eighth OF the oil After
the second well came in a royalty
speculator came along and offered the
lady $50, 900 for half OF her future
royalties The 10000 looked 30 good
that the lady took the sure-thing
Z money and decided away half OF her fu-
4 ture income from royalties.
Today the daughter who possesses
she poor land farm IA enjoying
monthly income of $4,000. The farm
has been planted to oil wells and is
4 producing abundantiy. The Shum-
= way fnrrn is now known as the Shum-
way Lease. II is operated by the
Gypsie OIL Co.
And now the daughter OF MIR Shum-
way Is drawing down $4,000 month
for her sixteenth OF the oil flowing
from this old poor land farm. So the
total value OF the oil flowing from this
poor old farm is about 1890 900
month. These wells have been now
ing for about n year. They may not
have averaged this rate. but a few big
gushers for a few months may have
brot Il up 70 approximately that
which would make years yield Vs.
400 600.
And IL ~iIi go on for some years to
come at least
Talk about your acres Of diamonds
In your back yard. Can you beat that!
Dr. Russell II. Conweil surely did not
tell a story so rich as thts
The facts In this story were told
10 me by the gentleman who bought
the half interest In the Shumvay roy
aities from the Shumway daughter.
10 assume that they are accurate
Today I walked all over this Shun-
way Lease. and carried away little
OF the valuable oil In the dust on my
shoes and ciothing.
This ,oase is located at Mtdtan. eve
miles west OF EIdofnto. Kansaa- II
Is Just east OF The famous Trapshooter
oil well. which startled the world
year or 30 ago. and the Shumway
scores a good deal higher than the
Trapshooter.
This ia probably the most valuable
oil tract in the United States. Twenty
eight wells now from this l60 acres
and others are being put down rap
idly One of these wells started on
with a production OF 81 900 barrels OF
oil a day, and oil is worth $2.25 bar
rel. They don't keep up that gait
very long. however. But pretty good
stream 10 flowing from all the wells
today. as Is indicated by the tact that
n sixteenth interest In the oil brtngs
In the tidy sum OF SIS. 600 a month.
The Shumwny IS In the center Of
.he great Eldorado oil field. Abou;
as far as you can see north and south
are lines of rigs Each rig indicates
an oil well They are In rows like
telephone poles and are located about
$50 feet apart II Canon City we're In
this field you would zee an oil well
on the corner OF each block. The
.l..ld is about az wide as the Canon
city district and would extend down
two miles below Florence.
On DtfouQ u tnt Auburta oA'aFNes
which would extend the field nearly
TO Pueblo, In NIL tho Dcid Is shout
forty miles hong and eight or ten
miles wide There are probably TO-
200 or more wells In the whole district
The whole production In the whole
district Is estimated at about lso,
barrels day. selling at 100000 a
day OF wells go on working day and
night, and Sundays. too. just like IN
terest, 10 on this basis this district
would produce In a year about $780,
oOo. 900. throwing in little for n big
gusher now and then.
Hero ia another interesting phase
of this little story: Thres years ago
. EIdorado was n quiet. peaceful little
Kansas county seat town. which
hadn't heard the sound OF an alarm
clock. 40 to speak, for aome time.
In fact il had lost long ago the mu-
uiripal alarm clock II was comfort
ably asleep. About 5000 seif-sattsfied
people lived in this quiet little town.
Once IL aroused itself from slumber.
voted $4,000 In bonds and drilled
for oil. The holes drilled proved
dustcrs-no oil. 30 Eidorado saw IT.
self deeply in debt and failure In
the oil drilling business Then comes
along n big. thriving corporation, takes
.oyer the city's leases. pays up the
q $4,000 ioet In dry holes. drills on the
same land md strikes gushers. Not
another dry well was found In that
irumediatc vicinity.