The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-05-13

a he slogan. Keep Eyefia.ainey AZ n was brosucef ~ h ! r~.S,
sasss,s.ns house 70 Il won for that house and for thousands of its
rrspsnp - seef gr business TO, development Of natural re-
sources, for character building and for the spread Of righteousness as
I" y 9 advertising. II viii prove up equally foran. A.
We have in mind an interview II yesterday. Herald in which
CAPT ". G. Reid Of this city pointed out the apparent waning Of
interest here at home in the effort 70 find oil in New Mexico; an effort
'H which millions Of dollars have been spent and in which millions
more WIN BE- spent 20. iby, before oil h found.
Capt Reid does not advocate wild and uneovcrned exploitation Of
resources mat have not been demonstrates. lie does. believe il to
~ NJ duty OF communities like Albuquerque 10 keep actively and
cxeriasfipgiyh ~ abe work q keeping New Mexicos favorable eeoloq.
isa' conditions and strae'eies before ahe eyes Of the oil world until
That course, as Capt Reid pointed ont in his interview. is not
s<ploiaiion or promotion = Ills plain, common, everyday business
Tssssss ASss Aa ne sn@ oil boom 3 ives Texas broke loose
over themselves i'm securing leases Geologists. real and alIeyed
sTarmsa over ,he state The state land office reared a wholly unek
= majority q NE real Tesla now being inside ar on or near these
point pei"ts s' lsss.rs s1 os s sss's s. asa1 aa S,s e y was st aasa,sS yisIously By dissp
ethsf' Tor taking the money. That was an incident of u local I" oil
lars worth Of WORTHLESS. stocks by thousands Of men and women an
oyer the state. Most Of these stocks were promoted and sold out OF
millions Of dollars !" ''"" " ~"
Those who bought these stocks LOST their money-of course. They
t'ere developed tendency 70 beitte every effort to find oil in or
orn state. and to look with suspicion and comment with dersion
Soy The real developers; q. "wHdes,ters. who are actually
100 feet o. more under surface, sold no stock to our people. They
A NV.ne' rs" s4s' msssS y q .ssn and an 'n Y. have s sPsn. Il lake only the
which 70 din. they ere still drilling. ~' "
hh7rfo ~ uNntpt1htnk tnfm We shoud be encouraging them in
every possible way and we should be encouraging others who are
Ssluq S. e bring ;asa IN real = 4 % money and take chance. with IT, to do 50 in
lex us keep in mind the fact that a number Of gcologins Of un. II
fepr..ation and integrity and ability have found that II
golden reinboas end called structure, all over New Mexico. They II
have fonndit within a few minutes aud within d few hours drive OF
Albuquerque. Our well known conservation as a community would
be damaged or even disturbed should we, as a community. make
,s soass'' wa effort anIa to .m bring about The testing Of these nearby
would 80 regard the effort. ~ q .ttr~+ $3.50 III
THE Albuquerque Chamber Of Commerce is acquainted with apy
Of the investigations and reports which have been made upon prob
on nearing structures within striking distance of this city, that
orghnizauon has been snguhaiy successful in keeping silent about
the information. The organization could well afford 10 ascertain
~ going on throughout New Mexico in the hunt for Of. and Let /
she world know about H. II could well afford to encourage systema. |
tiealy and intelligently the further effort that is needed. i
W.. will soon have in operation in New Mexico a blue sky law 1
that win step on the sellers Of worthless stocks and bonds and that /
protect q erednlous public from financial fakirL HI
With that protection we can and should, as a community. bend 1
effort toward encouraging the widest possible interest in the l
for oil that reputable biologists assert exist all around ms |