The Little River news., 1921-01-19
FEvERISH ACTIVITY IN
 THE NEW OIL FIELD
LeasehoIders Getting Ready to Begin Drilling Operations at Once.
 Over 50 Contracts Let.

Fl Dorado, Jan. 16.-This will be a busy week in the development of the new Fl Dorado oil field. It is estl- mated that fully 50 drilling contracts have been let and there is expected to be a stampede to see who gets first in the field with a rotary outfit. Already tracts are being sold in small subdivisions, some of which will be syndicates and stock companies, and derricks will be set up on all these tracts as soon as possible. Be- fore many weeks and rolling hills west of the city limits, surrounding the Busey well, will be forest Of derricks. The capacity of the rail- roads will be taxed to bring in the new equipment with teams and trucks loaded with machinery and derrick timbers.
 There seems to be feverish anxiety on the part of some new lease holders to begin operations right away and be the first to tap the reservoir or riches. To this end there is much dickering with representatives Of drlli- ing companies, many of whom are on hand from Oklahoma, Texas and Lou 1 isiana.
 It is fortunate for prompt develop ment of the field that Ell Dorado mas good railroad facilities. It is an- nounced that some effort will be made to improve the roads in the oil field but it is hardly likely that much road construction can be accomplished be- fore the grand rush, A concrete base will be laid through the mudhole just outside the limits on the road to the Busey we'll, where most of the machines mired and where teams were on hand to pull them out of the mud.
 To Drill in City.
 Leases have been bought within the corporate limits west of the square and drilling operations will be car ried on in the city. An ordinance has been read twice in the City Council which will permit drilling within four blocks of the square, and this ordi- nance likely will pass at the meeting of the council tomorrow night. The Poor Millionaries.
 One should register the proper show ! of sympathy for Joe Mahoney, we'll known attorney and member of the Board of Trustees of the University of Arkansas. He has leases every where and is interested in the Home we'll, for which an offer of million dollars was made. Furthermore he is busy from early in the morning until late at night on legal business rela- tions to the transfer of leases, Persons of systematic nature will condole with MT Mahoney on his prospects of becoming a millionaire at an early date and being burdened with more money than he knows what to do with.
 But prospective millionaires are so numerous here now that they cease to arouse interest No one knows ex- actly the extent of his holdings but it is a safe guess that a hundred such animals will be walking the streets of Fl Dorado and Little Rock if the FL Dorado fields turns out to be what is predicted for it by oil men who have been in the game for many years.
 Gilbert Leigh and M. w, Hardy of Little Rock boasted that millionaire made fires for them every morning. They were the guests of c. H. Mur- phy, cashier of the Citizens Bank, and he performed this task for them. To their credit it should be said that they forebore offering MT. Murphy a 10 cent tip.
 Played the Game Through.
 No story of the development of the II Dorado field would be complete without reference to c. H. Murphy. It must have taken strong heart and an iron constitution to live through the ups and downs of playing the Ei Dor ado field. Mir. Murphy has sat in every game, Las seen every raise and played his hand through to the show down without once wavering in his faith that the oil was there. Now he