The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1919-01-01

tiyWHere ana at the present moment
while waiting for the news of an
armistice and with the certain
knowledge that the kaiser and his
son have abdicated and that Berlin
is in the hands OF a revolution, they
are taking but little time to study
Che situation elsewhere, although it
is at critical point in many direc-
tions.
For instance the future of the oil
business after the war is over is
enough in itself to keep interest at
high pitch.
The chances Of trouble with Mex
leo where the oil business is the
only source of revenue to the gov
ernment of that country which is
seeking just now to take over as
much of it as the foreign countries
will stand for.
The effect on the oil business by
the change in political status at
Washington where from hencefOrth
there is likely to be less paternal
care exercised and a return to first
principles of supply and demand and
a possible change to protective
tariff on Mexican oil now coming in
free while the United States is
subjected to the humiliatnig eXper-
ience of paying an import tax on
refined stuff shipped into Mexico.
and the export tax on oil produced
there and brought into this country.
Tulsa oil men are interested very
largely in Mexico
The new fields in eastern Wyom-
ing and the chance for evasion of the
government withdrawal order by
the operators in that field and the
size and extent Of the new fields in
Texas, are also of the greatest inter
est here because Tulsa oil men are
large investors in both Wyoming
and Texas. It would seem that in
Wyoming where wells have been
started in good faith there can be
no question but that the courts will
hold the presidents withdrawal or
der unconstitutional but will they?
And in Texas it appears that the
great bulk Of oil needed for the
next five years is going to be pro-
duced but will it?
And while Texas is being dcyel-
oped, it should be understood that
Tulsa oil men are not going to be
idle, but are bound to develop here
at home, a large part Of the Usage
which bids fair to be as prolific as
Texas ever dared be, and this were
it not for news from the war and
from many other sections of the
world, would in itself be Of the most
absorbing interest.
The Usage, at 4 sale, November
9, came to life in most astonishing
manner and 35S04 acres sold for
total of $3,35S60000, an average
of about $95.00 an acre, and best Of
all with a new well advertised at said
sale as making better than 5000 bar
rels to lead the way. 1t is a well that
is found in the lime something like
parts of the new Texas field, and IS
therefore likely to be erratic and
not so regular as though it were in
the Bartlesville sand such as was
found in the Gushing field.
The big crowd at Pawhuska and
the prices paid, indicate that the-c
will be plenty to do throughout the
coming winter that will keep men
working nearer home and have a
tendency to keep the men at home
and stop the exodus to Texas. 1t is
the same as though another pool like
Burkburnett were discovered within
an hours ride OF Ardmore. Certain
ly Ardmore' would boom and take
new life and everybody would be
happy, and perhaps some new mil
lionaires created.
The election of a new legislature
from Oklahoma is important and Of
most absorbing interest, as many Of
the politicians have threatened a new
tax law which will increase the bur
dens of the oil producer, and Tulsa
is not so strongly represented as it
was two years ago with Harry
Rogers and Glen Condor in the
house and Bob Davidson in the SEN
ate. The latter is reelected, glory
be, but the new members of the
house are not of the calibre that can
be expected to look after the inter
ests of the oil men, and therefore
Ardmore must take the burden on
itself and see that no great harm is
accomplished.
AS this is being written, the mid
continent rehners association, known
as the Western Petroleum Re6ners
Association, is gathering for an i'm
portant meeting in Tulsa, and other
problems will doubtless arise, and
many announcements made as two
of its leading members are here di-
rectly from New York, where they
have taken part, and large one at
that, in the National War Service
committees work. ]. s. Cosden is a
member of that committee and Z.
Shock, president Of the association
comes directl from that city.
1t will thus be seen that at the
time this letter is written almost all
the news which is of vast Importance
is still undeveloped and will come
later but quickly. For instance there
is the question of taxation which
will either allow the wild-catters 10
survive, or will by taking so per cent