The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-05-30

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Mexico citizens have invested amounts great
and small in this or that Texas oil develop
fent enterprise. More recently hundreds of Us
bnve been investing in wild eat enterprises in
Dr. own state. There are mnny who view with
tarm the outpouring Of money for oil invest.
bent, much Of which. they say truly, viii not come
ack. The law Of averages works IN this sort Of
hing, however, as In less feverish business enter
lrises. There are the losers aud the winners aud
leiwcen them there continues about an even break.
As a matter Of fact, we IRE near %nciphbors 10
lne Of The greatest mining stampedes IN the his
ory Of the world; the gold rush to California
Fhile II had some hardships not now encountered
Ind some picturesque features that are missing
Prom the muddy Texas fields. was as nothing IN
pagnitade compared either 10 ~, number Of those
lnshing into west Texas or the millions of the
kinnings Of some of them.
The New York Globe, attracted by the noise
he Texas boom has been making in Wall Street,
ent one Of Us young men 10 Fort Worth, Wichita
Falls aud Ranger. lie has been writing a most en-
aging series Of articles about the oil stampede.
Commenting on his stories the Globe says IN a
ecent editorial
Those tales Of the oil boom sent back ont Of
'exas by Mr.. Guest Of The Globe depict one Of those
picturesque phases of American life. gigantic in
conception, harbaric In eoloring. which makes this
Western civilization Of ours a thing apart from all
isc IN the world.
Here are the giants Of finance who AZ home live
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h. shack or dog tent gamblers who always appear
lhen money ~ loose, as %eruptions come with fever;
Preachers caught mp in the swirl Of money madness
hd sucked into the vortex; farmers who ycstcr.
Jay were barefoot. today riding In automobiles
ought with the new wealth that y theirs because
Dms one tapped oil beneath their scanty acres;
ich and poor alike eager 10 gamble ON any stock
bat promises even the remoiest possibility Of re
hrn the camp followers Of fortune Of every SORT
nd degree and here. too. ovcrshadowing all. drop
ing the mama or the promise of II nm which oil
I've. IL oil, spouting from the ground in a flood
those very hlackness spells yellow gold.
q" II has all happened before-in the gold rush to
california, ia the gold aud silver aud copper looms
hrough the mountain states, in the. rush Ia Alaska
nd To the Canadian klSndikc. IN the oil booms IN
Kansas and in Oklahoma. And IL is all part Of n
plendid picture compounded Of mining PUSHES. oil
looms. coal strikes, Santa Fe trails. cowboys, gamb-
frs. frontiersmen. II means the land IN still new,
inl Young. still sprawlingly virilc like a Young hoy
hHt coming into manhood. who cann0t enter the
J louise scdatcly but must needs kick over a couple
VI chairs aud tables to show his strength.
y There l. no other land, no matter how young in
Dhite mans occupation. where things happen just
khis way. Australia had is gold rushcs. w did
YFanadn. aud South Africa had the hardy souls Of
\hc world hunting diamonds mp 10 the Kimberley
Ihimcs. But IT is America that blows off the I'D
Inore times than can be- told-as II. indeed. II had
more steam than anybody else could boast.'
II is. in truth. America. We are living right
next door 10 one Of the most picturesque Of all
stampedcs for wealth. More than that,
|se may presently have u similar stampede here Ia
.nr own state. There nre more than forty drills
ID work in New Mexico today lthnsr az least whose
y ools are not stuck and they are working in all
,arts of the state. II there is oil IN New Mexico