The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-06-01

We used 70 tell our fnliui'h Antif WIS
a pot o. gold. but times change, pru-
pie change. In more modern days we
cease telling fairy tales. and tell them
truthfully that at the end OF the Rain
bow there are oil wells. which means
many. many pots OF gold-goid FOR all.
Some people viii tell YOU this oil
was put there for the sole hcncht Of
Mr. Rockefeller. because he happened
TO he one Of the first wise Onca to APP
prcciate It's value and iia future. But
That In not the case. Truly u seems
dinicult for some OF us mortals to cor
raj n OF this wealth FOR our very
own. but II Il not Rockcfcllcr's fault
We are afraid. We are so sure u was
ali meant for him we arr afraid 10
Try and take any OF n away.
Some persona actually believe that
all wealth is dishonest, a every bar
rel OF oil that cOmca from Mother
Earth h an addition to the worlds
wealth. aud II " clean wealth from
Natures reasUre house. No man rs
made poorer, but many are made
richer.
A certain prominent banker says.
through the pages OF the magazine
Of Wall Street Onc OF the most con-
sentative financial publications In
America;
Il believe the oil boom h here TO
stay. Not only are increasing current
demands Tor oil products keeping well
up 10 the advance In production. but
European supplies which were eN-
hausted at III time the armisticc was
signed must be built w to former
levels.
The extent Of this European de-
mand lA not wholly appreciated. IL h
estimated that Germany alone VIII re-
quire 1000 0 mi OF petroleum and
petroleum products within the next
twelve months. other European cuun-
tries are little better OF IN this re-
spect. Il will probably be "a long time
before production catches up with
consumption. and the demand created
by the necessity Tor building European
surplus stocks ~ 20 former and nor
mai levels
For his reason l believe active de.
velupmcnt OF new oil fields shoul
proceed vigorously and there is every
reason to believe such a program car
be followed out with success ant
! profit.
In this connection 1 am OF the
opinion that too much money has beer
J made out OF oil dcN elopmcnt by a rev
; individuals aud not enough by tn
, general investing public. The publi'
should be- given AN opportunity t'
share In the pfodls from u|tNtlolii'iA
OF oil lands, whereas the rule has beef
the opportunity for biz profits IA.
come TO oulN q few men OF large cnpi
! tai rosourc"s.'
Il is true that In b past the Dbl
companies nave about m~ouupolizcd ~
OIL industry. The large holdings u
the eastern ncld. In Wyoming a
fornla. Kansas and Oklahoma ar
controlled By the big companies, hu
the laW OF compensation surely WORK
out In time. for Texas, the creates
producer ~ any state IN the Union,
the refuge OF the small investor. tn
big majority OF the production IN IA
State ct Texas b. secured hy the Hihit
independent companies. ard the prom
in these companies are going 10 "a
small stakeholder. at the rate OF some
thing over 90 per cent per year as a
average.
II is true that the fortunes In q
have been made by practically a hhnt
fol OF men because the general pul
lic has heretofore failed 20 Erasp ~
magnificent possibilities OF oil. Hard
one Of you can tail to recall some 81
purtunity Ia the past whore YOU Ia
i chance TO get in and share IN ~
hig profits Of aomC OF thclo succcHatl
companies. But people are waking q
some are wide awake, and tealli
M potouualttirs of the oil iudustf
and IN Texas this fact has ~dcnlonstra
ed itsclI. the companies with the snii
~atockholder coming into their own
An article In the July 9th issue
the 'MugaZiut OF Wall Street III ,
accurate picture briefly told u Tex
today;