davidaulloa/AmericanStories huggingface dataset:
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-11-30

INDEX TO CLASSIFICArIONS
ANNOUNCEMENTS
5-FuEeral Flowers.
6-Cemetery Lots. Monuments
lodge Notices
e-COmlng Events.
9-PersOnals
lO-Lost and Found
AUTOMOBILES
11-Automoblles for sale.
l<-MOtorrycles ald Bicycles.
lJ-AutOmObiles for Exchange.
14-AutO Accessories.
ll-ServiCe Statlons-Eepairius
l6-AutO Liyery-Garages.
Observation-Disclosures
BUSINESS SERVICE.
1S-Business Services offered.
l9-Bulldmg-CO utraCtluE.
SO-HeatiuS and Plumbing.
Insurance.
- Millinery --DressmaA4ng.
Z3-MOviLg Trucking. Storage
-4--I'liutiEE-fa pering
25-PItent Attorneys.
Z6-Irlut.lg-S Stationery.
Zt--ProfcSsIonal Services.
2o-kepairing.
@l-Benovatine and Dyeing.
4 5J-laIloring aud Pressing
ol-M aHteu-Business vice
EMPLOYMENT.
S2-Help Va cd-Bemaie.
03-Help W auted-Malc.
U4-Eelp-Male or Female.
oJ-Salesmeu and Agents.
o6-SItuauOns Wautad--FenIale
i'-SItu-tious WauteC--Msle.
MANUAL
5S-Business opportunities.
59--lnVeslheu. STOCKS. Bonds.
4O-MOGey 10 LOGI.
1l-A Jlted-IJ Borrow
INSTRUCTOR.
AZ CtrcSpO uutLte Ouu.-cs
t1-LOcal Instruction Ga Ees
81 u4slcdI, Laht-us Lranatlc.
4o-tr4Flte Instruction.
iU--A NEUTRALITY-SUSPICIOUS.
LIVE STOCG.
it--IogS, Cats. Tets.
F0-ilp-aes. cattle, NeE.ciec.
1J--fUulLI4- Stock
.. -N anted-Lhe Stock.
MEBCHANJ.SE
si-Articies Eor SAFE.
o. business. Equipment.
05-Buals a-4 -ACcvsSorles.
54-ButidIug late -.
Do earn Iud Da. = 4Ieduct-
VO-FUci ahG Feed
% Good Things rU Kat
5S-HOme- Made Things
15-HOusehOld goods.
CU--a eWelry ana vat l-s.
Ul-Aldc-lue.y AND IoDls.
6--Al Musical Instruments.
C5-Sceus, Plants, Fertilizers.
t4->pce!als al tle rc,,es.
- VI ga ring Apparel
GO-A 1lted 10 Buy
ROOMS AND BO.HD.
6I-Eoons With Board
OS-ROOns Without BOa-d
63-Eooms Eor i5--- Aeepiug
10-NaCgtIou Places.
71-Where 20 lat.
f2-WLC 10 stop ia Il g1.
ID Wanted-HUOmS, Board
REAL ESTATE FOR RENT.
d4-Apar' ..I- alD Flats.
I5-lUslness Places Tor Peut.
f6-FdTu.s or Rent.
tT-HOuSes Tor Een.
1b--onlccs aH.t -sk Room
T9-SuburOan For Reat
So Summer Places f.. Rent
S1-Wauted- To Rent.
REAL ESTATE FOR SALE
50 business Property
S3-tarms aud Ian Fog sale.
So Houses For sal.
>.t-lgts Ee- Sale
sG-Shore Property To- sale
S1-Suburan For Sale
6S-Heal Estate Fox Exchange
So auted-Real Estate.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-11-30
SIUCA hAHKET SELLING
PRICES At 1850 P. H.

NEW YORK, Nov. 29-Last quo
cations on the stock exchange at
$50 D. m. today Were:-
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-11-30
RELIABLE USED CARS

A GOOD USED CAR rs A Much
BETTER INVESTMENT THAN a
CHEAP NEW ONE BETWEEN
Now AND JANUAEh 1~r sou
CAN BUY a USED CAR CHEAP
Err THAN YoU WILL BE ABLE TOO
AFTERWARDS WE ARE SELLING
BETTER CARS FOR LESS MONEY
VOW THAN ANY TIME ~ THE
PAST WE MUST MOVE THE>E
CARS To MAKE ROOM FOR MORE
CARS TAKEN IN TRADE ON OUR
NEW FRANKLINs
1920 FRANKLIN To-RING WITH
WIRE WHEELS. s.1so
1910 FRANKLIN TOURING Sl.7eo
1919 wILLYS KNIGHT ,OUpE SLIGO
1920 OVERLAND SEDAN sl.ooa.
1913 DORT TOURING 500.
1918 CHALMERS T >-ll.
PAIGE TOURING $500
OVERLAND ROADSTER Saul
BRISCOE ROADSTER 500.
SAME PRICE CASH OR TERMS.
TRADE il YOUR OLD CAR.
FRANKLIN MOTOR CAR 60.
OPEN EVENINGS
MAIN A42 500 l.. JEFFERSON
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-11-30

Corrected DnIv by warmer aFos see
store. s2S y. Michigan 81
COW PEAS-S2.50 10 500 bushel
ALFALFA-S14 to SIG per 5ushel.
RED AND MAMMOTH CLONER-S1O
10 SD Gushel
ALSIEE- So St5 bushel
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-11-30

Select the children's TOYS from
the ads in the Christmas Gift Sug-
geStionS
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-11-30

TRU CK-To2O Ford, one ton truck Worn
drive. Call 100 ". Division 81. W. IA
CIrlln.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-11-30
These Are Opportunity Ads
Automohnes Tor ssIe

FOED TEUCh-I9l9 0ne-toa- solid fr..
in rear. Builders supply g. Specially
Co.. -is r. Tut st.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-11-30
GRAIN AND FEED.

GRAlN AND FEED.
Corrected Daily ~ p. .. Morgan. star
Kills, HJ crauitc Ava
CORN-Paying 7Jc bushel
OATSt-paN ing Un,.. selling 20 TO Soc
BRAN-Selling S225
NIDDLINGS - Selling s275 hundred
CHOPPED FEED-Selling $3.50 per
cWt.
SCRATCH FEE Selling S3.OOGS3JO
CSL
CUMMINGS br-hel.
WHEAT-Paying S1.SO.
RNE-Paying S1.3J.
BUCkWHEA .-4J. ing $50 bushel
OLD CORN-Paying 90c
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-11-30
USED CARS

FOR-UsED TRUCKS AND CARS
4WO CHALMERS. 5-PASSENGER
1-TON REPUBLIC
1-TON FORD. STAKE BODY
/ H-TON INTERNATIONAL TRUCK
2-TON TRUCK. DUMP BODY.
2-TON STAKE BODY TRUCK
SION STAKE BODY TRUCK
CASH OR TRIMS.
HAGEDORN 4 WEB
STER, 2l6-222 Z. JET
PERSON b L Y D.,
MAIN 1881
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-11-30
South Bend Markets
HAY. STRAW AND TErD.

HAY. STRAW AND IEED.
Corrected Daily by the Wesley VI tier
Flour a Feed Co.. 400 :. MichiganD
NEW HAN-Paying So TO So, selling
32d38.
20 $1.35.
STRAW Paying S12. selling S14G18.
o. So bale
OATS-Payin- 55c: selling zoe TO soc.
CLOVER SEED-Paying $1,000, selling
So 10 S14
ALSIkE CLOFER-ScIling 81 10 $40
ALFALFA (N0rtne-n grown)-$16.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-11-30
Auto Nocc~-ori,~

Auto ACcc~-uric-. o.
EEIEZL Attention. aHf.u.
owners q ufW discovery IN rIt.. .r
solution rhat uiI ab-.IIt..r l.- f-.
IH. Uam- uf f Fre.l. 500 ID Is E-
rrrior Go amy other radiator I'D
flp market pr... sou .I gallon. Gu
~ ttf = >rurt ~ a.. III .t---.-
Service Statfon--Rcpairlug u
AUTOS PAIAIED-AuTJml lllea AMI
trucks wanted 10 paIut. special ur-l=a
and quick service LtriaE I'll. . se-sun-
The South Bend Exchange. 100 r.
Carroll ~
CLOS TIE IOTE FOED. -f;scalse L
adds strength. beauty aud comfort %
yuur yaI. DC viii make yolr Ford
car at minimum cost. EuI.I-rer So.
touring so. South Bend spring Na--
cn md Carriage CO.. -lU--l> 81.
Joseph 81
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-11-30
ANNOUNCEMENTS

Lost and Found. 80
BAG-Blark travelling Hl- lost Friday ol
Lincoln highway between South Bend
and Laporte. containing muH.graIaee
toilet set. Reward. Noufy News Times
office
GROWN Stolen nom 90 ~.
WashlnEtln CHll N1Iu @5o+ Reward.
GLASSES Ladies' shell gmmat- Monday
noon between Carroll ST. aud - AH-I.-
gan 81. Gail I.aeulu -1.l ur RETURN 90
.nI Penn ~ Reward.
81 ITCA>E- Tam suitcase -rn+ainiT-
w"menS Wear. bet-eeu Yanlaua sra-
ton and Division 81. 0u Main ST. Dee
tween 40 and . O'Clock in tle after
noon SATURDAY, Soy. - Finder notify
News Times office Liberal reward
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-11-30

Liberty bonds = Iercent-92.
20; second 4'S-S5.90. second Az $
-85.94; third 4A's-SS.3O: fourth
3 "a 's-S6.56; fifth "a 's-96.04
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-11-30
AUTOMOBILES

Automobiles For Sa,a II
FORD COUPE-And Dodge touring f.
good running condition ai bargain
price Inquire Dr Eastman. $50 s.
Main st. Lincoln 5-as
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-11-30

sALEsRooM OPEN EVENINGS
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-11-30
STOCK
HIDES AND TALLOH.
'S s--~ct~d To-day by =. W. LippmAn. 9ib

HIDES-Sc, calfskins 1Oc; rendered
tallOw. 467c a H.; roughs tallow. 2Gl3c
10; beeswsX, 25Q35c.
The Washington herald., 1920-07-27
Active New York Stock Exchange

| "OnNtSHED ny MOORHEAD DhNVs~'
Members New York Stock Exchangsi
LIBERTY
The Washington herald., 1920-07-27
BONDS

PUBLIC UTILITIES.
The Washington herald., 1920-07-27
GERMANY'S NENJ
TAX PROBLEMS
Her New Income Tax Law
Heaviest In the
World. =

Under the new German incor.
tax law. which went into force re-
Gently. the German people are cor
fronted with the heaviest inoons
tax the world or small and mod
crate Incomes The law provides
for a specific exemption Of an in
come Of 1000 marks a year for a
single man and $500 marks q ysar
for a married man and for a fur
ther- exemption OF 900 mark, for
each child. At the rate Of en-
change OF 2 cents for . mark. tbes.
exemptions amount 70 $40 a year
for a single man $50 for . married
man and s6 for each child. Based
upon the same rate Of e1chxnr~
the maximum rate paid by a clerk.
who after his apprenticeship starts
with a yearly salary Of 10. 600 rnsrss.
at the present time ~oulo be sc
per cent Of his annual income
In addition. there is a fat tar
Of 10 per cent on all income derived
from capital. as distinguished from
income from labor, profession and
trade, and a fat tax OF 10 per cent
on the income OF corporations. Be
sides the federal taxes. there are
also state and local taxes
Facing their unprecedentedlr
heavy burdens and handicsps. IL if
not to be wondered ct that Euro
pean peoples. realizing the great
wealth OF the United States and
spprecisting Al never before that
this country is not only the largest
reservoir Of credit. but also Of raw
materials in all the world. should
feel that America rad practically
left Europe TO its fate. But this
is an erroneous impression. due 20
an insufficient understanding OF
conditions here. Engrossed in their
own vital reConstruCtion tasks, the
former belligerent nations have not
had an opportunity to study our
postwar resdjustment problems
They are not as familiar as they
might be with our transportation
situation, for instance. and the need
here for vast amounts OF credit
10 finance the imperative needs OF
the arteries OF commerce in this
country They do not appreciate
the fact that s.. OOO, 900. 900 and fully
FIVE years will be required to catch
UP with our building requirement.
They Dc not realize how heavy have
been the demands on our credit re-
sources for essential business needs
and crop financing.
The Washington herald., 1920-07-27
MONEY.

New York. July 26.-Authorities
on money market still lay stress
upon the necessity for deflation of
unessential credits and this policy
is being steadily continued, although
care Is being taken to prevent
any shock of legitimate business
Bankers throughout the country are
requiring from borrowers the fullest
Information regarding the purposes
for which loans are being asked
and unessential or unduly large
commitments are being declined.
There appeared to be a fair supply
of call money available at the per
cent renewal figure, but no change
In conditions was discernible in
time money market, which was 9 per
cent
In prime bank accsptances rates
we're unaltsred at 6S and 6A per
cent for ninety days for members
bills
New York prime bills continue
scarce There Is a good supply OF
prime out-of-town bills. 1t is to be
borne in mind in comparison with
mercantile discounts there is to be
added to the above rates on accept
ances the l per cent commission.
Money on call opened 8, high 10,
low 8. close 10, ruling rate per
cent
The Washington herald., 1920-07-27
South America Now Looms Up as
Solution of World Oil Problem

According to Richard Spillane,
noted Philadelphia financial and
commercial expert. there is promise
that, largely through American ini-
tiatiye, the oil problem, which now
worries the world, may soon be
solved. South America is the
promised land.
Continuing, Mr.. SpilIare says:
That the continent is rich in pc
troleum beds the reports Of geoIo-
gists, German, British, French and
American, testify. Therc are va
rtous oil fields in Venezuela, Peru
and other sections of northern
South America now in process or
development, but the great oil lakes
appear to be further south and some
OF them in regions so remote that
they have commanded comparative
ly little. attention. If these big oil
pools are tapped there is probabil-
ity that the petroleum supplies will
be sufficient for the needs of the
nations for a long time to come.
One large British company has
obtained considerable oil land in
Eastern Peru and northeastern Bo-
livia- 1t is the purpose of these In
terests to pipe this oil to a point on
the Amazon where it can be shipped.
"A much larger project is that of
which William Braden is the head.
Mr.. Braden is the American engI-
neer who developed the Braden cop
per mines in Chile, the second larg-
est copper property of the world,
and who developed and later sold
the Santiago. the Andes and other
copper properties to the Anaconda
Copper Co. He is the head of the
Bolivia-Argentine Exploration Cor
poration which, through option. has
obtained 5.3s7.s75 acres of land in
Bolivia. where the oil
signs are pronounced.
The 5,3s7,s75 acres are in the
Cochabama- Calacota, Caupolican
and Benz districts. They form a
quadrilateral twenty-five miles
wide at the south, seventy-five at
the north and nearly 165 miles long.
The region is known as the plaifs
country round have used the seep-
age oil for Illuminating purposes
for ages and II also is used gener-
ally in the city of Santa Cruz. a fair
sized community of southeastern
Bolivia.
six or seven years ago the Far
quhar syndicate. operating through
its subsidiary, the Bolivia Develop
ment and Colonization Co. drilled
in this region and struck oil, but
when the war started Farquhar
went into bankruptcy and opera
tions stopped. German. French,
Italian, English, Argentine, Boliv-
ian. Chilean and American engI-
The Washington herald., 1920-07-27
TRADING IN WHEAT FUTURES
WILL STABILIZE PRICES

Chicago. July 26.-stsble wheat
prices for the American farmer Wiu
result from trading in future deliv-
cries by the Chicago Board OF Trade
according 20 Prof. James L. Boyle
OF Cornell University, formerly with
the Bureau Of Markets Of the I. s.
Department Of Agriculture. WIN VS.
present when the pit resumed oper-
ations on July Is, after q three
years war time interruption.
Renewal Of trading on open mar
ket governed by the law OF supply
and demand" said Prof. Boyle.
marks the passing OF a wartime
condition OF vital Importance to the
grower. What impressed me was
the narrow range OF opening prices
and the fact that country elevators
hedged their wheat as II there had
never been an interruption. when
there was no trading for future de-
livery many country elevators re-
fused 20 buy from the farmers be-
cause they had no way Of knowing
what wheat would bring when "
reached the central markets. Now
that trades may be made in the
open market, ! look for constant
ly increasing volume Of business
which will be governed for some
time by the ability OF the railroads
TO supply cars.
The Board OF Trades recommen-
dstion that trading in futures sneUIG
not exceed the bounds Of the mar
ketable supply was strictly observ-
ed on opening day. Prices, which
opened at $40 and $2.75 and closed
at S2.TOLz were important as prov
ing TO the farmer that the period
Of violent fluctuations during gov
erument control IS over and en-
couraging him with the assurance
Of stabilized prices in the future,
subject only to the worldwide law
Of supply and demand"
The Washington herald., 1920-07-27

on fairly well established facts re-
garding the United States, but on
ly on scattered surface indications,
oil or gas seeps, pitch or asphalt
deposits, over large areas in other
parts OF the world.
south America OIL Storehouse.
IF the biologists are right and
South America has the largest
amount of oil of any section Of the
earth, the Job in to get il out
There is no part of the world that
would benefit more from the oil de-
vclopment than South America
1t has been handicapped dreadfuliy
by reason of inadequacy of fuel sup
ply. Chile has had to draw on Aus
xralia for coal. Argentina, by
reason of fuel scarcity, has been
hsmpered industrially. All South
America may be said to be depend
enS to degree upon the rS6t of the
world for power. PientNude. of
fuel oil should transform the conti-
nent. 1t would have a very great
effect. tco, on transportation in the
South Pacific and South Atlantic.
Not few vessels now sent south
have to carry coal to bring them
back. Oil-burning vessels carry
their bunker" oil as ballast.
Anything that takes on the
character of a really big oil dsvel-
opment in South America will make
that section Of the globe the center
of world attention for upon the con-
troll Of oil depends, to a decided de-
gree, tho control OF world COM
merce.
William Braden. the man who
suddenly bobs up as a new figure
in oil. was born in Indianapolis. He
is a graduate of the Massachusetts
Institute Of Technology. A good
ly part of his life has been
spent in Chile, developing COPPER
properties in the Andes. The Bra
den mine has the distinction not
only of being the second larges,
producer. in the world, but probably
of being at the highest elevation,
nearly three miles above sea level.
The Washington herald., 1920-07-27
PURE OIL. EARNINGS.

New York, July 26.-The Pure Oil
Company reports for three months
c nded June "a as follows:
The Washington herald., 1920-07-27

neers and biologists have examined
the territory and their reports have
been favorable. Among these men
were Badenbinder, Schiller, Stoin-
mann, Felsch, Hook. Hurcs, Nous
nier. Bonarelli. Longabsrdi, VeIas-
CO, Arras, Laradenz, Hayman, Ire
week, Lonas, Koning, Herold. Healo,
Mather and Cook
Probably the most complete re-
port was that of the eminent Ger
man, Dr. Johannes Felsch. a geolo-
gist of high rank. He found seven
oil-bearing strata in the various
anticlines and told Of seepages and
oil lakes of various sizes through
out the district.
The petroleum found has been
analyzed by StillwelI & GladdinR. OF
New York, and r. H. Browniee, Of
Pittsburg. and proved to be of ex-
cellent quality.
Great Preparations Necessary.
For the development Of the oil
properties it will be Necessary to
build railroads. pipe lines and re-
hneries, together with telephone and
telegraph lines of considerab BILE
length. Today the district is so re-
mote that II is dificult TO reach.
A railroad is planned to be built
from Fort Magazines on the north
branch Of the Pilcomayo river to
Sucre. with a branch to Santa Cruz.
The Bolivian government guaran-
tees hve per cent on this invest
ment and for each kilometer of road
constructed 1t engages to sell one
square league of government land
to the exploration corporation, with
oil, agricultural and water-power
rights.
Arrangements are being made
with the Argentine Government for
the building of a railroad from Fort
Magazines to connect with the Ar
gentine government railroad that
extends west from Formosa and
for the building of a pipe line to a
point on the Paraguay or Parana
river. where large ocean steam
ships can reach the year around.
Just how far up the river ocean ves-
sells can go will not be known un-
til the streams are sounded, but the
pipe lines probably will be not less
than 400 miles long and possibly
SOC
From other oil lands they con-
troll, they plan to build a pipe line
over the Andes to the Pacific
The exploration corporation has
quite an organization in the field
under charge of Du Relic Gage, vice
president and general manager.
His stan includes r. T. Colley, min
ing engineer and metallurgist, who
for the last ten years has been with
the Guggenheim interests in Chile;
I. N. Hamilton, who has spent fif-
The Washington herald., 1920-07-27
Local Securities.
Nashiagtes s,oeh Exchs sss.
furniAsed By Asorscsd D EiDsN
SALES YESTERDAY.

Washihrteo Ry. Eiec 4s. $1,000 at 54n
capital Traction, 10 at s4A: Is at So.
=, ef<. at A&. 10 at So. 5 at s..
Wssinstos R5. snd Eiec. pfd.. Is st <eA
aersenhsler Linotype. I st IGN, ! a
I28&, at i2sx.
and p Telepbon. IS, 81 900 at 81.
The Washington herald., 1920-07-27
WHOLESALE SUGAR PRICES
GRAIN MARKET.

Chicago. July 26.-Whest was
2iaSc, lower today. Cool weather
in the Northwest has checked the
spread of rust and caused a rush
to sell at the start. Prices de-
clined &c. before buying came into
the pit.
Corn suffered from ~ 2asiac.. with
the collapse of wheat. The big
corn belt. which was suffering
from excessive heat and dryncss.
was changed overnight as beneficial
showers fell. There was little buy
ing power in the market
Oats declined 4hsaS&.c. Heavy
arrivals and favorable crop news
tended to bring about a general
selling movement. Selling by com
mission houses with country con-
nections featured the market.
Provisions suffered material re-
cessions. Limited support was given
the market by packers and hogs at
the yards ruled l0sl5c lower.
The Washington herald., 1920-07-27

rs aAl1s 20 = = se.s =
The Washington herald., 1920-07-27
TREASURY STATEMENT.

Secretary Houston issued a state
ment yesterday in which he says
in part: "On the basis of daily
Treasury statements the total ordi-
nary receipts for the fiscal year
ended June 30, 1920. amounted to
s6,se4.565,3ss.S and current ordi-
nary disbursements amount to sS,-
76s, ,i44,461.Os, leaving a net current
deficit (excess of current ordinary,
disbursements over ordinary re-
Ceipts) Of only s71.s7s.072.21 for the
fiscal year, 1920. After taking into
account special deposits OF the War
Finance Corporation, the net ordi-
nary disbursements for the fiscal
year. 1920. were s6,403,343, s41. .21,
leaving an adjusted surplus (excess
OF ordinary receipts over net
ordinary disbursements) Of $751;
221,547.67 for the fiscal year
The Washington herald., 1920-07-27
NAXwELL-CHALMERs MERCER,

New York. Judy 26-The directors
of the Maxwell and Chalmers Motor
Car companies meet in Detroit to-
day for further discussion Of the
plan to merge the two companies.
1t is understood sufficient deposits
Of securities have been made to dc
clare the plan in operation. but SOW
eral details remain TO be worked
out.
The Washington herald., 1920-07-27
=EE=EEEz:z5z= === NATIONAL MARKETS ====- 800

TIE WASHINGTON HERALD WILL NoJ
ACCEPT ANY QUESTION:
ABLE INArcIAL ADvE1rISNa.
The Washington herald., 1920-07-27

teen years in mining operations in
South America; Eugene Wesley
Shew. of the L. S. Geological Sur
vey. He has FIVE biologists and en-
gineers in his party: Carl W. Lemon.
an oil specialist. His party es 70
make re concentrations as to distill-
ing equipment, installation of pipe
lines. etc: Hermojenes Pizarro, for
mer chief engineer OF the Andes
Copper Mining Co. He is to report
on proposed routes for railroads
and pipe lines and study the possi-
bilities of developing hydro-electric
power
Development of such an oil dis
trict as that in Southeastern Bolivia
will cost an immense amount OF
money, but the world is in such
crying need of oil that. however
large the investment. the return
will be quick II the quantity OF pc
troleum ia big:
"Oil is the fuel of today. The
United States furnishes the bulk OF
that now consumed, but production
hardly equals consumption and ex-
haustion is threatened in anywhere
from 25 to 40 years II the present
drain is not lessened, or new sources
Of SUPPLY discovered. All the ships
OF the sea would be oil burners If
there was oil in sufficient quantity
TO warrant owners to change from
coal. Tens Of thousands of manu-
facturers in America would abandon
coal and introduce oil IL they could
get 1t for set price over a stretch
or years. The only reason oil is
not used more widely as fuel in in
dustry is that supplies are so short
and the price no liable to advance
and keep advancing that neither oil
man nor consumer can risk a long
time contract.
Great Reserve Estimated.
No one can do more than guess
how much oil reserve there is in
the world. Eugene Stebinger, chief
OF the foreign mineral section of
the United States geological sur
vey, has made an estimate of 49,
0oo,00o,0oo barrels. DR.. David
White. also of the geological survey.
considers s3,000,00o 900 barrels d
fairer estimate. The world con-
sumption is approximately 800. .o0o,-
Voo barrels a year. At the present
rate Of consumption that would
mean century's supply.
Mr.. Stebinger's estimate of the
reserves is as follows:
Region Millions of bbls.
Chiteu states .....'........... 1000
The Oklahoma miner. [volume] (Krebs, Okla.) 1912-192?, 1920-06-10
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