davidaulloa/AmericanStories huggingface dataset:
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-10-18
Big Well Northwest
of Okmu[qee.

The expected has happened, only
on a li;tle bigger order than some
might have believed The well OF
Kimblcy & Moore located in the
northeast corner of 1l-l3-ll found
the sand yesterday at 2,4SO feet and
with it Jdst touched. the we'll is flow
ing at the rate OF an estimated 1000
barrels and is probably the biggest
well completed in the Youngstown
district.
With the completion OF this well
comes Inc suspicion that a second
Youngstown pool will be found in
this locality, and it is expected TO run
from the No. well OF the Producers
& Refiners corporation located at
the center OF the west line OF the
northwest OF the northeast Of 2-13-ll
which came in about week ago with
an initial flow OF 1,l75 barrels, south
east to the big well. The well COM
pleted by Moroney and associates In
the northeast corner OF the southwest
OF the southeast OF 2-l3-11, between
the two large wells, while only good
for rs or 100 barrels may perhaps
be on the west edge OF the big pay.
II is understood that water has broke
in on the MoronCy well and they are
now trying to shut 1t off.
Four Or five months ago, the Car
ter OIL company drilled "A hole in
the southwest corner OF the south
east OF ?-lS-1l Oh the same piece
now held by Moroney and others but
did not get enough oil to make a
well after drilling 1t to 2,470 feet and
as the iease stipulated that a pro-
ducer had TO be drilled in certain
time to hold the lease, II was neces-
sarily given up. kimbley drilled a
duster on the II. Larney farm in
the northwest OF l-13-l1 at 2,37S
feet AMI the Gladys Belle people
drilled 10-batrel well from sand
found from 2,4S5 to 2,495 feet in
the southwest corner of the south
east Of the southwest OF l-l3-ll.
These are the most important wells
entering into the situation and there
Is plenty room foi a nice pool to be
developed.
Among those expected to be in the
big money are the New York Oil
company owning the southeast quar-
ter OF the southeast Of 2-l3-ll; the
Carter OIL company owning the
northeast quarter OF the southeast
and tho southeast OF 2; Dickcrson
and the KaWfield Oil company own
ing the north half of the southwest
and the northwest Of the southwest
Of 2: the Gladys Belle owning the
southwest quarter OF /; the Produc-
ers & Refincrs corporation owning
the west half OF the northeast Of 2
and the Gypsy owning the northeast
quarter Of the northeast OF ., Draw
a line from the Producers & Refin-
ers corporation No. 3 to the big well
and then draw another line through
the middle OF the Youngstown pool
northwest and southeast and the two
! lines almost parallel.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-10-18
The Tax on Oil.

X W Hart of the Grant Stchhins
organIZAtIun who has been In Wash
lngton for six weeks in the interest
OF the oil producers tax legislation.
says that nothing has 50 thoroughly
awakened the COuntrys legislators
to the need Of encouraging oil pro-
duction as the rasless Sundays when
not an automobile is 70 be seen high
or low.
The bill as It passed the lower
house. is fairly satisfactory, ac-
cording 10 Mr.. Hart, with the eNcop-
tion Of the definition Of invested
capital"
As passed, Section 326 reads as
follows; ta) That as used I'm this
title the term Invested capital"
means Except as provided in sub.
divisions 90 and (c) OF this sec
tion):
G) Actual cash bona fido paid
in for stock or shares.
(2) Actualecash value OF tangible
property, other than cash, bona fide
paid in for stock or shares, at the
time Of such payment (but in no case
TO exceed the par value OF tho orig
inal stock or shares specifically is
sued therefor:)
This clause should be amended,
according to Mr.. Hart, by striking
out the phrase but in no case TO ex-
coed the par value OF the original
stock or shares specifically issued
therefor"
Article go reads as follows:
Paid in or earned surplus and un-
divided profits; not including sur
plus and undivided profits earned
IL
Guiding the increase in the value Of
any asset above the original cost un-
Ill such increase is actually realized
by sale.
To which article. according 10 Mr.
Hart, should be added, cor in case OF
oil wells. gas wells, mineral depos-
its or timber. charged to a special
investment account and credited to
paid in surplus on the books Of the
corporation. Such increased values
to he determined under rules and
regulations to he prescribed by the
commissioner OF internal revenue
with tho approval Of the secretary
OF the treasury, but in no case to ex-
coed the correct fair market value Of
tho property.
provided further that such in
creased values. II any, shall he de-
pletcd in this same manner and at
the same ratio as the actual cost Of
the property"
MANY corporations" said Mr..
Hart, will he unjustly hurdened II
denied the privilege OF taking up on
their books legitimate appreciation
on tangible property and OF taking
such appreciation into account in
computing invested capital. II does
not follow that such appreciation
should also be taken into considera-
tion in computing income.
I'm computing income fro m
profits on sales Of capital assets,
such appreciation should be disre-
garded, and the cost price OF such
assets should be the fair market
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-10-18
Texas NeUS.

There is n great exodus from Ran
ger as a result OF the Spanish influ-
enza and development OF the oil
fields in that vicinity is seriously
affected. The town, crowded with
,ranslents to its utmost capacity, is
affected more than any OF the other
towns OF the oil district and many
people are seeking other places of
refuge. .
The Gull Production company has
drilled it's No. /, Davis farm, in
STEPHENS county feet deeper and II
is flowing 1000 barrels,
The Cosden Oil q Gas Co. found
n showing at 2,465 feet in its test in
Coleman county, but 1t will not make
a we'll. Drilling was progressing at
2,4SO feet at last report The show
ing is considered OF much import
ance as It was found near the show
ing OF the Mitchell producer In that
county.
There is a tremendous shortage Of
drillers. Notwithstanding the short
age caused by the "flu" epidemic.
About 20 rigs at least are shut down
waiting for the necessary man
power"
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-10-18
News from Duncan.

Many new locations have been
been made in the Duncan field, two
being credited to tho Prairie OIL ~
Gas Co, the first that company has
made in the field The Prairie has
timbers in to drill on the Adams
farm, in the southeast corner OF the
southwest OF the southeast Of 2O-ls-
gw and has also timhcrs on the
ground on the lIarlin farm, in tho
southwest corner OF the northwest
Of the northeast OF the northeast Of
29-ls-9w.
Jake Hamon has the rig built on
the :rarca Fine farm, in tho south
east corner Of the southwest OF 20
ls-9w.
The Magnolia Petroleum Co. has
a rig on the ground for No. J.,
Waino farm, in the southwest corner
OF the northwest OF 23-ls-9w.
In the northeast corner Of the
southeast Of the northeast OF 81
ls-lOw the Olive Bell Oil Co. has
moved in rig to drill on the Ellis
farm.
Tho wichita Development Co. has
built another right on its acreage to
the southwest, it being located on
the Patterson farm in 4-2s-lOw.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-10-18
orr MARKET QUOTATIONS.
The Situation.

The situation Is remarkably good
from al angles. The meeting
..heduled for yesterday in New fork
=, determine the course to be per-
..,cl by the war service committee
win regard to the plan" and the
diversions OF oil in the mid-conunent
field was put over until today. and
many Of the larger refinerS are in
attendance, including T.. T.. SchOCk,
president Of the Western Petroleum
Irlnuers association, and J. 5. Cos
den.
There is doubtless the same op-
,.ntsticr spirit in evidence in New
YORK as here as oil stocks were soar
ing Yesterday and glance at the
market page will convince the most
prss.mistir that New York Is looking
,sor Ieblcle on the part OF the Ger
man army In other words, Is look
.rs Tor 4 genuine stampede that Will
,igso the multitude OF Germans to
break all records as terror stricken
mob bound for home.
The market has not as yet started
according 10 some who ought to
know. as it is claimed by the Texas
people that were the war taxes out
OF the way its stock would be worth
100 whereas II closed yesterday AT
l9S. Sinclair also is easily worth
rar. and better, and unless too many
weak-knced spectators take profits
quickly II should not hesitate In its
upward move this side OF $40 a
share.
Cosden & co, has gained a dollar
per share which is going some for
stock that has been sitting still at
a little above par. which is only five
dollars. and hence the raise in value
is large in proportion.
Rut the best thing about the sit
uation IL that there are stll big
wells being brought in right at
home. as the Kimbley and Moore
well west Of Okmulgee, amply dem
onstrates 1t is good country TO
operate in and many new pools
Will likely be found between Okmul-
gee and the Gushing field.
And the allies are cleaning up,
which is so much the biggest news
as to make all our own affairs look
inconsequential by comparison.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-10-18

crowniny feature Of the convention.
Mr.. Ayers IN cf the opinion that
aftor :he meeting Of the advisory
board m New York. which has been
postponed until Friday. that the re-
fincrs may be allowed To purchase
crude oil wherever they can find It
and is further OF the opinion that II
would greatly accelerate business
and would be the means OF bringing
IL much larger output within the
reach " tho government for war
purposes.
Mr.. Ayers looks with confidence
on tho future OF the refining industry
in general and believes that for the
next year there Will be a strong de-
mand for petroleum and it's prod
ucts. Evidently his opinion is also
held by the SPECTATORS In New York
as oil stocks are tremendously active,
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-10-18

value, as OF March I, 1918 II ac-
qulrod prior TO that date. and actual
Cost II acquired subsequent 10 then.
The governmcnt undertakes to
allow to all corporations certain de-
ductiOUs. which are to he based on
the actual amount OF capital invest
ed in business. There can be no get
ting away from the proposition that
the current value Of a tangible prop
erty Is the actual capital invested IN
same. tnqucstionahIy all corpora
tons should be granted this deduC-'
uOn, which IL based on capital in
vested, on an equitable basis.
The majority Of corporations will
he granted this deduction as a mat
ter OF course. The exceptional cor
poration should he. and can Ne in
the manner stated above, put on the
same basis as the majority corpora
tion
In granting this equalization OF
invested capital. tho government
does not surrender any income tax
ing rights The increased earning
power of such appreciated property
II Immediately available for pur-
poses Of taxation. and all Of the
earnings OF such property will he
available for taxation purposes as
fast as realized.
tsoi, y, n, w'', ,,,'raJI, ,ot,, ,,,o,I,,Io
,rr t,Yat'3r ,'''1r 10 n,,r,oen. ',, az snCn 40
soid Tor tba cnyor,mcrt ~ tax
,b,s, i,,c.o,,,'I a0,rri,,r, ana no, .,
allow tho increased values OF tho as
so's. from which derived, is mani
fcs',y unjust.
.-r,Lo ,no o.so -, n coroor,,lo,
rrodnri,g oil !, b,s a loasohoId
for which II paid 81. 600 bonus. 4
well is brought in which provcs TO
have A settled flow Of 10 barrels per
dav. When tho settled flow Is as
corfaincd. this uroncrty Immediately
acquires A value Of ono thousand
times tho prico nor barrel or oil. per
daily barrel production 10 Illus
trato: n oil is selling at SEAS per
barrel this well is worth S2,45O per
barrel Of daily production. or Ig4.5OO
81. o,, No ro,au,, soid ,or r,is
or,a,,r, a,I "a no,,o,n,,ap, u.iii
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-10-18
Ncwl,irk Prices sui Sour,

Special 10 The World
NEWk IRK. Okla. oct. i'll. w.
Long, !, II. Elem and others Of Wich-
ita haze bough. undivided one half
interest in the oil royalty OF the John
j. CrOnan farm. the north eighty
acres of the southeast Of 3-27-3e.
The consideration was $4,000.
The Cronan farm offsets on the
east that OF the Martin farm on
which the Kokomo OH company liz
drilling at 1850 feet, and diagonally
offsets on the southeast the Hall
farm, on which the Pirtle-Pitman OIL
company is drilling around 500 feet.
The nearest production to the Gro
nan farm is ono milo and one-half
south, at tho Hayes and the Engelke-
meir producers
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-10-18

Pipe Line company in Butler county,
kan. is Of a gravity that is very ac-
cetpable and rofiners VINO have been
allotted oil from this field are taking
their allotments.
There is also margin Of profit in
the oil allotted from the tanks Of the
Carter OIL company in the Hcaldton
district and at least one rctiner is
taking his share. The oi, allotted from
the Glenn pool is beginning TO move
also, although not OF an alluring
gravity. but is filling UP the stills to
fun capacity So far about third
Of tho retiners are taking their oil
according TO j. j. SrhoCk, who is
here, and to whom fell the duty Of
makinG out a list Of rcfincrs desiring
such oil.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-10-18
Back From the Convention.

r. s. Ayers OF the Southern OIL
corporation returned yesterday from
New York. where he attended the
big convention and SAYS that in that
town they are not giving the Ger
mans longer than two weeks to sur
vivc. Mr.. Ayers was sick for a day
or two which rather took off the
edge OF the pleasure OF the conVen-
ton, out he heard Mr.. Bedford's
speech, which AL agree was the
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-10-18
The .AlIocation Of OIL.

Business is beginning to pick up
with the distributors of oil that was
allocated by the Prairie. Gulf. Texas
and Carter oil company to the vari-
GUS refineries who had been short
Of oil on account OF the restrictions
placed by the war service committee
on the competitive bidding of refin-
ors in this field.
The oil that has been allotted to
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-10-18
Three Dustcrs In Greenwood County.

Three dustcrs are roportcd from
Greenwood county. They are NO.
Of the Western Plains OH e Gas Co.
on the kinman farm, in the north
west corner Of the northeast OF the
southwest Of ll-2N-1O: No. / of Mar
shall and associates on the Barnard
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-10-18
Parted Casing in Duncan Test.

The Holden Petroleum company
cemented the 5-S-lnch casing at
1000 feet on It's test in 25-ls-9w and
later pulled the casing to see II the
cement had set and pulled II in two
at 1900 feet 1t will try to sldetrack
1t and go deeper.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-10-18

farm. In the northwest corner Of 33-
3--lO, dry and abandoned at 2,3S5
frol. and the lIomaokla oil company
No. / beavers farm. in the northwest
conner u 2O-24-l2. dry and aban-
duuod at 1885 feet.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-10-18
OILAND GAS
LeaIe1 supplisL Production. Etc

WANTED. Gas contract on Cas-
ing head gas volume Of from
400, 900 to 1000 600 foot; gas must
test around two gallons per 1000 Gu
bic feet or better. and bc In a ra-
dius Of so miles Of Tulsa. VIII buiId
gasoline plant at on'o II gas ana
contracts are suitable. VIII deal
only with owner Of gas 80 middle
mon considered. Address %-l3, care
World.--Adv.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-10-18

For Sale-Two National drilling
machines, l turnbuckle rig, ! stan
dard rig, individual pumping out
fit: all in good condition. Address
Box X-3, care World.-Adv.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-10-18

WANTED --- s o N responsible
party to drill on lf0 aero lease near
Coffeyvlle, Kan. for interest In
same. This property Will bear IN
vestlgation, oil and gas both within
mile of lease. Address Box MA,
caro- WoTld--AdV.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-10-18

Rags wanted. We buy clean cot
ton rags and pay cents per pound.
Ask for Mr.. MCBroom, World Of
flcc.-.Adv,
Every evening, Wilmington daily commercial., 1918-03-11
NEWS OF A DAY
DOWN DELAWARE
The Women's Club OF LeWes has
an Interesting and Profitable
Meeting.
CHANGES IN OFFICIALS
Hog Cholera in Middletown Vicin-
ity, tor the First Time
in Several Years.
CHANGES IN OFFICIALS

Srs.ia, cores pond. 1cc of Every Evening
N'lddlctown. March li.-For the first
time IN several wears hog cholera has
broken cut IN this ncighborhood, and It rs
feared that Il Il Is not at once checked
hcfor,. the warm weather II will gam
dangerous hcadqav The injected DIS
tr,.i Is not yer large vet.
The disease first broke out last winter
~ summit Bride. among hogs owned
IN the Negroes there IL spread at
tho, time 10 several farms. and IT was
thought that the last oi II had disappeared
when the extreme cold weather ol the
winter came Iatcly, however, It again
appcar,d on the farms Of Charles >.
Ellison. Ir, and Elmer Wilson, near
Mt Pleasant. and from there II skipped
tn the farm of Samuel Wilson on Bohemia
Manor several other farmers have
found traces OF il among their hogs,
N the same ncighbOrhood. but as vet
IL has not appeared close 10 Mlddlctown
Dr NJ l. Zoukaw. United states
veterinarian Of Dover, has issued state
pnent through the local papers advising
the farmers 81 take every precaution,
and have all hogs vaccinatcd or mocuiated
nth serum or VIRUS This, II is claimed,
will make the hogs immune. Local vet
erinarians claim that the farmers are pay
rng very little attention 10 the warnings.
Every evening, Wilmington daily commercial., 1918-03-11
SFWFS or LEWES.

scx,-tai C,rr,,s rsundrnc- Of Every Evening
Iswc=. March II Walter Burton Of
Washington u. G. who operates the
Hotel HcnIopcn at Rohoboth Reach Is
,v.rndine few davS here with his brother,
n. Hiram r. Burton
Scott Picrcr t-vrar-old son Of Samuel
=. Pierre cut hi~ head 50 severely at play
SATURDAY,. that u Was necessary to have
.~vcral stitches taken IN order to close the
sound
Colonel Robert Arnell. who had been
confined 20 his home for several days,
- ahle to to ont again.
Mr. sn Mrs Alphonso II. Hazard Of
Philadelphia have hcen visiting friends
md relatives here
Mis- Laura Donovan OF this town and
Sergeant ! II McCilnnIs of Philadelphia
vrrrc rnarricd IN the latter city, last week.
FIe is now stationed AZ Camp Dix. y. J.
Wavnc Brewer visited his parents here,
IaSt week before gong TO Tennessee. where
10 has secured employment IN du Pont
plant
Mrs John r. Rcinhurg, wife Of the
leitenant-commandc here. has been
visiting her daughter At burlington, =. J.
Ms Frank Carter and daughter Of
annapolis Md arc visiting Mrs Carriers
parents Mr. and Mrs William {. Lolfand,
Tor 4 fcw DAYS
Every evening, Wilmington daily commercial., 1918-03-11
CECIL COUNTY NOTES,
Special Correspondence Of Every Event

Special Correspondence of Every Evening
F,lkton, Md. March IA patriotic
rally was held in James Methodist Episco-
pal Church, Rising Sun last evening,
when two flags were presented TO the
church, silk United States flag and q
service flag Of FIVE stars. The presenta-
tion speeches were made by Misses Vcrna
GyasOn and Louise Wagner Ross Biles
Cameron, represented Uncle Sam and
Anna Ryan, Miss Columbia Frank II.
Williams, editor ol the Cecil Wing, Elkton,
who has two sons, officers III the military
service, made the address
The Zig revival meetings which have
been in progress at Eikton arm ory for the
past six weeks by Evangelist Bob
johnson came to a close, last evening.
with several hundred converts added to
the Protestant churches Of the town.
The Federal government has set q
price of S2l per ton as the maximum that
growers may receive for their tomatoes
this year Many Cecil farmers consider
the price too small and vi not grow TOMS
toes
Commissioner Of Motor Vehicles Baugh-
man has turned over To the treasurer of the
State the sum Of $50, ,769S0, which rep
resents receipts for licenses for automo-
biles issued during the month Of Febru-
ary This is an increase over the same
month last year Of 66 per cent
Senator Crothers bill to tax Tome
Institute, 1T Port Deposit, failed IN the
State Senate. Friday night
Captain Julian Smith Of the United
States Marines at League Island spent
last week with his mother in Elkton
Captain Smith has been ordered to Wash
ington for special duty
Or q II Grapp Of Port Deposit ha.
heen called TO The army service as =
veterinarian He has sold his home ~
Port Deposit and will move bis family to
E Ea-i.luat8u
Every evening, Wilmington daily commercial., 1918-03-11

But because Of the
superiority Of their
workmanship, W h ic h
can re sist the on
slaught Of many a
tired frame sinking
blissfully upon their
comforting, sprin z Y
cushions.
Take this modern de-
velopment and glorii-
cation Of an "old-fash-
ioned Virginia sofa.
It's brand new, Of
course. like all the Sale
furniture, but every
feature which made the
good, grim old-timer a
JOY to the eye is repro
duced: the graceful
shaped back, with its
broad, plain band of
the finest crotched ma
hogany, showing the
beautiful grain and
quality; with its
charming roll arms,
and with its delicate,
yet restrained, touches
of carving.
But in the very first
moment you connect
with its upholstery you
know it is 20th-century
springs and stuffng
Every evening, Wilmington daily commercial., 1918-03-11

those offered in the Feb
ruary Furniture Sale.
But the furniture in
cludes some even more
remarkable values,
since e besides $50, 900
worth of belated Febru-
airy furniture that fell
behind the clock in its
arrival, we have includ-
ed a new $35, 900 pur-
chase of furniture or
dered originally by a
Philadelphia firm of in
terror decorators, ia
Every evening, Wilmington daily commercial., 1918-03-11
Some of the Best Furniture
We Euer Sold or SaW
Goes on Special Sale To-Day
AT WANAMAKER'S

tained by those hand
some, but hard-hearted
and hard-seated sofas
that have come down
from Grandmother's
time.
No on d n they
came down. Then the
game was to bounce
you off. The hospit-
able modern sofas in
this Sale aim TO de-
scend to grateful pos
terity, not because no
one sits on them
Every evening, Wilmington daily commercial., 1918-03-11
HOME Is INVALUABLE.
Is Dearest Possession Man Has, Rev,
A. III. Thompson Declares.

In the course Of his sermon at st. Paul 5
NJ T.. Church, last night, DIR. A II.
Thompson pictured the home as Our
dearest institution, the first home OF
religion andthe primal source of all Law,
the unit Of the social fabric, the beginning
of the city and the nursery Of the State,
the whole frame work Of society depending
upon it. The family is the one fundsment u
institution founded for the propagation
Of the race
Taking as his subject The Home as
the Crown Jewel Of Our Civilization, .
DIR. Thompson delivered an exceptional
ly strong sermon, showing concluslvely
that he has fully recovered from his recent
illness and is again endowed with his old
time vig0r and strength.
Every evening, Wilmington daily commercial., 1918-03-11
LEwES wOMENS CLUB.
spc1a, Corroerondcnce of Fvery Ev-urtn

irwcS. March II The Lwaanendael
ggus, net at the home Of Mrs Fred
burton "Wednesday afternoon, when Mrs.
Chatlcs N Johnston the president, who
ha, Gen away Tor some time visiting her
mother n Canada presided A letter Of
hanks AMI apnrecIatIon from Lieutenant
Coinms ndcr John ] Relnhurg, who Is IN
charge az The naval t'ase here, was read
ior the gifts OF Jelhes and preserves from
no club members and friends IN Iewes.
These sweets were scnt Tor " Washington 5
Birthday and were much enjoyed by the
1f'iccrs and marinCS.
Mrs William Hooker reoeiv-d com
-nunication from Commissioner Of Educa-
aon 4 r. Spaid in regard To An afternoon
WITH the club and March - Is the date
ixed ~ ms VISIT TO leWes. Mrs- Lewis W
Mustard invited the club TO meet with her
next week