Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-31
Indianapolis Man Sees
Possibilities In Poland
Makes Report to State
Department on
Conditions.

The possibilities OF industrial devel-
opment Of Poland are enormous, al
though the country IS now disorganized,
il the opinion of William Feintuch. SD
South Illinois street, who has just re
turned from Poland where he obtained
government concessions for about 800
acres OF oil land. Mr.. Feintuch expects
to return TO Poland in about four weeks
to take up the work on his oil concessions.
In connection with his visit, Mr.. Fem
tuch made a report 10 the State Depart
ment on economic conditions in Poland.
He states in this report that the nap
tina industry has the greatest possibil-
tiles. He declared that Poland is 20
tsntially a country of immenAe wealth
and that il offers big possibilities for
American capitalists. The Polish money.
according 70 Mr.. Feintuch, has depreciat-
ed TO such an extent th2t It is necessary
70 carry around enormous bundles Of IT,
The prices, however. he said. are very
low when translated into American money
and compared with American prices.
The oil in some parts. according to
Mr.. Feintuch, is so plentiful that 4 small
hole dug with Z walking stick will fill
up within 4 few minutes.
TEXT or REPORT TIE
STATE DEPARTMENT..
Mr.. Feintuch's report to the State De
psrtment follows:
The economical conditions IN GaIici2
generally and particularly in East
Galicia (province OF Cracow) are almost
Unregulated. as all the farms Of This
country have not been cultivated. Both
the natioualities residing in this country.
UkrGnians and Poles, fall into many
political factions, each Of which IS
occupied in securing for itself the best
influence with the government. A.
whole, this condition dates back to tha
time OF Austrian control. when the
central government OF Vienna used loud
" to accentuate the industrial and
agricultural Austrian Development east
ward. considering GaIicia only as a mar
let place for sale and for exploitation,
with investments as mean as possible.
But this province could be I considerable
source Of income and the economical
foundation Of q great state. Presently.
when = few branches OF Industry are de-
veloped by the participation Of foreign
apital. Poland, carrying on aImos-
primitive husbandry, VIII yield consider
able income
Among the Industries or first in
portance is the naptha industry.
III the Podkarpacie IS, geoIo s1cauy
stated, a naptha territory where az dir /
ncptha. Formerly It has been known f.
but the upper horizon. (the Tirst) pro-
pOItionally has not very abundant veins
OF naptha. Now. since nearly fifteen .
years, people exploit the neither horizon .
tthe second where naPtha IS much
more abundant
SHALLOW DRILLING
WOULD PAY.
Taking into consideration the eror- .
nous expense OF drilling aud the lizzie
quantity OF naptha obtaina5le, q shallow .
drilling would yet pay, even though N
little quantities OF Raptha products.
The natives have only z share Of 20 .
per cent OF the nsptha industry; the res. .
comes to the share Of the foreign capital.
the least amount by American capital.
At the rising OF new Poland. particu-
larly France has grasped the chief part
OF the naptha industry. But this indus
try Is concentrated within the q glebie .
OF BorysIaw, within the district Of Kr0s-
ne and the enyirons Of Stauislawow. The
other envirous OF Podkarpacie, Till now
neglected, begin 10 seek after expIoita-