The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-12-14

The Old and the Ne,p

Senator a. r. Fancher. president
OF the Finance on company. and
Doctor Bolard, treaeurcr OF the Same
concern, both OF Salamanca, n. ",
were Interested spectators at the
Osage sale. and being associated with
Charles H. Peters IN many propoai-
tions. have. In addition 90 their own
operations. Kept In the closest touch
With recent Developments here.
Senator Fanchcr was one OF the
original men who owned the blan-
ket lcaoe on the entire Usage, and
has played prominent part In oil
Usage matters 10 this date ile H.
probably one Of the most prominent
ana best known oil operators IN tho
entire United States. and one OF tho
most successful lie ~ the owner OF
large share OF the most prominent
gas company operating IN western
New York. and. moreover, hns tho
credit OF having owned the champion
Holsten milch COW IN the United
States. Not n small honor by any
means n this, when II IN taken into
consideration that among the wealth.
Ter men IN his nome state. the raD-
Ing OF Holscin cattle Is y great fad
and h followed on n large scale by
almost every man OF moana who ie
thus able 90 enjoy his cherished
hobby.
Senator Fancher had 1900 600
acres In the original oil lease witch
he owned with seven others. and
which covered the entire Osage ma
tlon, and II. while not very proud
OF the fact according TO his own
statement, the only one now living,
I'VE anw he sale at pawhuaka.
and certainly looking back 20 the
49, ..tA.,. Irtliad "a anttpta az
wells across the osage line from
Chautauqua county. Kansas. and
missed getting wells In both. and
then moved our outfit down TO
Bnrtlesvillc whore wo had heard OF
the Cudahy wells on the townsltc.
and with tho memory ot those
raucaklne wagons hauling our outfits
over the hills and across tho streams,
~ Is certainly n far cry to this time
whom one 160-acre lease brings the
princeiy sum OF 100000.
II have produced OIL" continued
the senator. Eat 80 cents barrel In
oklahoma, and I have watched the
oaage Development from tho begin
ming. but I scarcely expected 10 see
so much interest taken In the acdui-
aitlon OF good oil property as was
taken at Pnwhuska Monday, The
chances are that these purchasers
will clean up Handsomely after hav-
Ing drilled, and yet it makes me feel
that my ideaa of oil country opera
tions ere trifie antlqunted.
''The worlds requirements for oil
are expected. to bS- very great during
the rext few years. and are expected
20 increase yearly ns time goes ON.
II may be possible now 20 figure omt
the expense or producing this oil,
40 hA mark of and
n ac. these modern oil companies
arc d>~ibtless fully aware as TO Just
how far they can CO.
There ia no doubt In my mind,
said Charles u. Peters, with whom
tho senator was visiting yesterday,
"that these prices were absolutely
Justified. and that the Burbank pool
will SUNNY 4o,ooe barrels OF oil 10
the acre, There was one statement
made over there yesterday that mas
been overlooked, and that vs. inc
statement made by II. W. Marland
that he proposes to open another
Burbank pool over In ~ ana so-o'
where ho succeeded Monday In on
tainlnk some fine acreage.
'There Is probably not another
man IN the world today whose life
has been more closely allied with the
deyelopment OF the country than has
that of Senator Fanoher. --~1 by no
means Is the development In the
Opage. with It's wonderful possibilities
etill ahend OF It," continued MT
Peters. ''He has seen the United
states during itR greatest period o
growth and advancement, ana
doubt II with all his recoliections o
the early days Of tho developmen
Of the railroads, telegraph, TELEPHONY
and now tho flying machine. he VII
turn to any OF them or to any par
OF the country's great growth
often as ho will TO the Usage. an
ospeoially since his visit To It's beau
tifui little capital, Pawhuska' Mon
day"