The Birmingham age-herald., 1920-12-26
KID M'COY ENTERS
 THE OIL BUSINESS

| Kid Mccoy, stock and bond broker | Dealer in all kinds of financial securi- t;es."
 1 This inscription is scheduled to be
 painted on the doors and windows of 1 a suit of offices located in the financial district of Los Angeles, according to 1 news received direct from Mccoy, who
 is now in the Pacific coast city com
 pleting final arrangements for la Inch
 ing forth as a stock broker and oil
 operator.
 McCoy's decision to sign articles for
 a fight to the finish in the pit" of ci-
 nance may be surprise to a great ma
 jority of the sporting world, but some
 of his old cronies know that the Kid I has long cherished a desire to become
 an oil magnate.
 | McCoys first move to realize his am
 bition to become financial prom5to was to acquire an oil lease on a tract
 of land at Hawthorne, suburb of LOS Angeles. He kept his action quiet and 1 then sat down to wait for something to happen.
 THEY SMELL A RAT | In the meantime the Standard Oil com pany was at work quietly securing leases in the same vicinity. About .hree weeks ago the Standard announced it had paid $600,000 cash for a total of | 1, 200 acres of land at Hawthorne -he company also stated it would carry out one of the largest oil drilling 2To-s grammes ever undertaken in southern California. Mccoy sat tight" as he expresses it. q knew what. l had" says Mccoy,
 "as I was familiar with every foot of ground in the southwestern part of Los Angeles from the city to the beaches. rambled all over taht territory way back nj 1904 while I was training for my fight with Jack Twin Sullivan. T saw evidence of oil everywhere At Redondo, l often stood on the beach and saw the great gas bubbles forcing their way up through the surf, and many times while I was swimming l observed oil scum floating on the wa ters of the beach. Fishermen told na that about four miles out in the Pacific ocean was a great oil gusher, which spouted it's oleaginous wealth over the pillows of the sea for great distance,
 thereby making fishing in that vicinity impossible Old timers at Redondo and Santa Monica informed me that the
 mainland was undoubtedly underlaid with a great oil pool. and that some day one of tlie biggest oil districts in
 the world would be developed there I
 made up my mind that when I was through with the ring I would be in on the new game.
 SECURES LEASE Recently I returned to Los. Angeles and having learned that a big gas susher had been tapped at Hawthorne and that it was in that vicinity that the big oil pool was supposed to .ay, lost no time in securing a lease on some land which it turns out immedi ately adjoins the big $600,0o0 lease of the Standard oil company. When the Standard announced it
 had purchased this lease, was flo ,ded with offers for my lease. The Texis- Atlantic Oil company of Fort Worth, Texas, which has several producing wells and is operating in Eastland ai d Stephens counties, Texas, made me a iflattering offer and I simply could rot afford to turn it down. I am now sc quring other properties.
 '1 am going to open an office as broker and shall also engage in the promotion end of the oil game. It looks mighty good to me. as there are
 some wonderful oil wells in southern California and some 06 the biggest oil companies. such as fie Standard Oil
 company and the Union Oil company, are operating in this field. NOT ALL LUCK Tt wasn't pure luck that got ne into this game. I had my eyes on this dis trict for 16 years. Others had the same opportunity, and I believe there are still some good opportunities left. I
 am simply going to take advantage of my knowledge of the situation and start operating on a large scale. "A lot of money is going to be made cut here in the oil fields, and I expect ! to get my share. The Texas -Atlaa tic. I understand. contemplates drilling
 soon, as the Standard Oil company is erecting derrick within 1,500 feet of
 the lease I turned over to the Texas
 Atlantic
 Mccoy will operate under the name
 of Norman Selby X Co.,. that being the 1 Kids right name. but will also use his | ring name.
 The beautiful palm tree has a real kick to it More than 20 per cent of