The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-09-25
Vast Franklin Interests
Will Offset Any Possible
Loss Result Lease Suit

According to an announcement made
Saturday, Writ Franklin will file pet
ition with the supreme court of Okla
homa for a rehearing of the case of
Anderson.Smpson ct al versus him
self. and in which the supreme court
reversed the decision of the district
court which had originally granted
judgment in his favor.
Mr.. Franklin expressed sincere ap-
probation for the many expressions
of friendship which had been rendered
him by his many friends since the
case has reached its present angle,
and stated that their friendships are
by far much more valued 10 him than
is the lease involved in the litigation
The Thompson lease in the Hewitt
field which is involved in the litigation
consists of 80 acres and has a produc.
iion of about 800 barrels at this time.
lEis lease was claimed by Writ
franklin All a,sc by Il. A. Simpson
ana his a''r..ates. Mr.. Franklin Wa.
active in the Hewitt field at the
beginning ana moved a rig on the
lease and went to work feeling that
he had legal and moral right to
the property at one time Mr. Frank
lin had 100000 invested in the de-
velopment of the lease. Mr.. Simpson
and his associates were equally firm in
their belief that they had legal and a
moral right to the property. Efforts
were made by friends to obtain q
compromise but an agreement could
not be worked out and litigation was
started in the courts. Mr. Franklin
won the suit in the district court
here and the case was appealed to the
supreme court and has been remanded.
Fortunately all the men connected
with the litigation on both sides are
wealthy oil producers and none of
them will be impoverished no matter
how the case terminates. Should Mr..
Franklin lose the property ii will
not cripple him in his operations. 1t
comprises only about one-tenth of his
oil production. He is probably the
largest royalty owner in the Healdton
| field. he has royalty interests and also
production in the Duncan area and
he has a daily production of 900
barrels in the Fox district in Carter
county. In the Hewitt field Mr..
Franklin has 700 barrels daily produc-
ton in addition to that in litigation.
Besides these oil properties Mr..
Franklin owns probably a half mil
| lion dollars worth of unencumbered
real estate in Ardmore and in Okla
homa City. These properties consist
chiefly of business houses and are
bringing in u nice income at the pres
ent time.
Mr. Franklin has frequently been
| termed the giant OF the local fields
/ He is man who works without ceas
| ing, he keeps in close touch with the
oil situation, he maintains well or.
ganized oil offices and is always on
the firing line. He took the lead in
the fight to have oil securities put on
parity with other securities by the
federal reserve banking board.
His acquaintances with the oil busi
ness, his knowledge of the, law, his
undaunting courage, his eagerness &c
work, his self-sacrificing spirit have
placed him at the head of the oil men
when there was big work to be done
for the industry and Mr.. Franklin
has made many good friends through
out the Mid-contnent oil area.
Should Mr. Franklin lose the Thomp
son lease II will be but a small pei
centage OF his production. the Loss
will have been recovered by the de
velopment of other properties wher
the first OF the year comes. He is no
a man who looks to the past, bu
his face is turned TO the future an(
with that indomitablc courage tha
that has led him to his present heigh
Of success will continue TO guide hin
TO greater achievements.