The courier-index., 1921-01-21

made many millions in oil in Okla homa. The 80 acres on which the we'll was drilled was taken from
 the block of 400 acres, leaving Clark and his men 320 acres. This IS re-
 puted to have a value in its raw state of $1, 100000.
 Dr. Samuel T. Busey, of Newark, N. J.. physician, geologist, world ad- venturer and oil operator, dropped in here on an expedition to south west fields last May and found the owners of the 80 acres at the end of their row. He liked the looks of the country and resolved to stay and within AS hours had taken over the project. He invested some ot his own money and asked local per sons to invest, which they did m sums sufficient to complete the well. The last $2,000 of the money sub- scribed was collected the day before the well was completed.
 When the doctor arrived here he had trouble getting a place for him self and wife to live. To end that he bought lease on a hotel, pay ing S2.5OO for it. The day after the well came in he sold his lease for the remainder of the 12 months for S5,000.
 There is not a doubt among the oil men that the well is a big pro- ducer and that it has opened field of immense possibilities. The most conservative estimate its oil pro- duction at 1,50O barrels. This is said to have been made by an of ficial of the Pure Oil Company. pr. Busey believes an estimate of D. 900 barrels is conservative. Some major company representatives, who donned slickers and firemen's caps, and braved the oily mist that sur rounds the well, came out with the private announcement that It IS good for 5000 barrels. They brought samples of oil in bottles for test. That the oil is better than 30 gray ity appears to be the best opinion. .n me lakes it -as He'd IF the ad. joining cotton patch it looks consld- erably like the Healdton product. As matter of fact, it is about the same quality. Its gasoline content has not been determined.
 Saturday and Sunday marked the departure of scores of big company representatives, some of whom nao bought to the limit and others of whom were to report to their gen- eral offices. But they did not m the least decimate the crowd. frl- day. Saturday and Sunday marked the arrival of major promoters, the handsome, well-dressed, oily-tongu- ed and bejeweled fellows. Some of these were looking for town lot leases and tracts of one to three acres outside as the basis for pro- notions
 Whether these fellows were re- sponsible or not, but the report was current-made so with conslderaDie acclaim-that structure had been identified east of Fl Dorado and near the town, which led to the sup position that Fl Dorado itself IS mounted on an oil structure Lease nrices on town lots doubled and doubled again in the space of day. and the demand for town lot drilling contracts was loud and in- sistent.
 Major Smiths opinion is that the city council would decree that two acres of town property would be the minimum on which a well could be drilled. He favored leasing some "dead" streets for drilling purposes also, but the council has not agreed to that. Smith says that there are about seven miles of dead streets. The town is spread over about l. 28O acres of land, much of which is vacant and many streets have never been improved. Drilling will be forbidden within the fire limits.
 Fl Dorado has surrendered, and willingly. Control of the affairs of the town has not been surrend- cred, nor will it be, says the may