The Hartford herald. [volume] (Hartford, Ky.) 1875-1926, 1921-02-09
'Algam0 OIL F|MO HAS
EXPERTS GUESSING
sWBt Will Develop Cannot Be
.Afedicted-0usher is Tn.
mastered

- nave lived here Tor years, Dut
- men; women and young boys
- have come since discovery Of
-. and they are swelling the towns
Wunnauon. Some figure there are
naaO people in Ell Dorado now;
Gnszs say $4,000. They continue
- xome and go on every train,
sD0fng a spirit of restlessness, al
~ux talking OIL land leases and
- xature of the so-called newly
nwyered pormised land.
Y3sere is oil at Ell Dorado. No one
- dispute it. What 1t will develop
- cannot be figured by experts.
r one well, located on d. e.
$z-stmng's farm, a mile and
AE west of town, has not been
sanuarred. The tremendous gas
WssHrs is forcing a great stream
- asl from the piping. 1t is shot
@0a with such force that a spout
. .se than 800 yards long still
~hbes a field of cotton stalks,
on gathers into gulleys and
auans down the side of hill into
n ssfsd lake of oil.
This lake is no myth 1t was
AEmed from natural drainage of
fnss mills, extending in an opposite
sakrsr ton of the we'll. 1t has been
f1azrxned at one end, and men at the
ali oh Nv,
zss11 that at one end the oil was
NJ ieet deep and two feet deep at
u2n esther. On the west side of this
mar are two smaller oil lakes. On
a. ylne well has been successfully
nsrGs. There are many others
showing where money was spent
'xits no immediate prospects.
1seduses $3,OOO,OOO for Farm
Whey are dry wells. Mr.. Arm
sfs12g would have been glad to
kRgH sold his farm before finding
al al Tor S35 an acre. He has re-
ossEss $4,000 200 for it after the
pssH same in, and aside from his oil
sxS he has one-eighth interest in
Saae zell No one can tell how
Eanx41 oil can be produced by this
sas well.
n has not been harnessed. Three |
clErss it blew the cap off the pipe |
;xnsf II still roars like hundred ap-
aching tOrnadoes. 1t can be
aeaxd 10 miles. Some idea of the
asseee back of this oil is shown by |
ohs Orowncolored trees. grass. the |
Anyways and roof tops in a radius !
AT 1wo square miles being coated ,
literally covered with crude oil.
~gbe afternoon when this well
szszRas in three weeks ago children
SSrS returning home from school.
Many of them were sprinkled with
IL while walking Ell Dorado streets.
AeR familiar with oil wells say the
usxsyre of FL Dorado is yet to be
AsssSn. The extent of the oil field
asrr must be developed. 1t cannot
~ measured by one well, and un-
IN 6his well is properly capped
sneIE cannot be any safe and sane
Nsraa5e ton made of it's output. But
1>a uncertainty of the future is not
AsryiBg spectators away. They
-ss,s coming by trainloads. Hotels
ss~r Uyercrowded, private residences
,srn filled with strangers. Tents
Usr ap in all the downtown streets,
a II night.
Eating stands are being erected
~,sfrswhere. Some are going up in
'hah yards. the owner Of the prop
1ax selling lunch stand location
n nym $500 to $500, the lessee
nnwxng cost of constructing the
niAsing and from $50 to 5000
'1snifh rent for the ground. Resi-
1szasas property that sold few
N1s ago for 500 lot is going for
~EsD. One man bought a lot a
ans years ago for SIS. He sold it
snmntly for $4,000. Opposite the
uashng hotel was small brick
SE xtory warehouse. It has been
60 mtD eight small Offices. renting
1E $500 a month.
uRsrrything Sold at Boom Prices
9rsxsrything sold is at boom prices
Wsxn the bank clearings are near
On 5000. 900 mark. They were
SsG than half Of this a month ago.
'oR banker said less than per
~< of the deposits on Feb. rep
s.zszxred the money that would be
2lnhdrawn.
YGSen with plots of oil locations.
Dx2 with leases ready to sign.