The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-06-18
ENDORSEMENT Of
CANNON PLAN BY
c. OF c. IS GIVEN
Special oil and Gas Committee OF
Chamber Hears Proposal. In
vestleates Contract and
Hands lts Stamp Approval
BRADLEY TEST DRILLER
WOULD AGAIN OPERATE
No Block Of Acreage mentioned, But
Wants Drill Two More Here;
Badoett Plan Is Voted 0. x.
But Decide TO Wait.

AZ meeting OF the special oil and
gas committee OF the Chickasha
Chamber OF Commerce at chamber
headquarters last night. the PROPOSE
iion submitted by Tom ]. Cannon.
was given the complete endorsement
of the committee. acting for the
chamber. while the proposal Of +. l..
Badgett and r. f. Hughes. was held
over pending the outcome of another
deal
l.. C. Hutson. reporting for the
committee named TO confer with
Messrs. Badgett and Hughes. stated
that after hearing Mr.. Badgett's plan.
the committee. as we'll as the oper-
ator deemed Il better to mark time
for the present. This decision was
reached. Mr.. Hutson said. when II
was learned that other parties have
practically closed deal for the
drilling OF another test well In the
vicinity OF the Harness we'll As
new test Of the territory is what the
people of Chickasia, as well as Mr..
Badgett and other operators most
desire, II was decided to wait until
the elimination of the deal with
Texas parties which is npw pending.
the report outlined. The report OF
the committee in no way discredited
the proposal of Mr.. Badgett
With reference to the proposition
submitted by Tom Cannon and his
associates, Jack Donaldson and Jack
Cain, the committee voiced its en-
tire approval This proposition, which
was submitted in writing, asked sim,
ply for the moral support of the
town. In the program outlined Mr..
Cannon stated that he intended to
drill two more wildcat tests in
Grady county and in the contracsl
agreed to post forfeit of $l5.000 to
be deposited in equal amounts among
the five banks of Chickasha. as
guarantee that he would drill to
depth of 1900 feet any well that h
started, providing oil or gas was not
found in paying quantities at les.
ser depth.
In the contract Mr.. Cannon did not
give the location of any particular
block of acreage but in q short talk
he stated that two or three blocks
near this city appealed to him. Tho
contract in question, was a proposed
agreement between Mr.. Cannon and
the land owners Of whatever district
the operator may select and went in
W uctui do w piuio lOl uIliIiIS Tue
well and the handling of money de-
rived from the sale of acreage. In
the contract, Mr.. Cannon agreed to
post, not only the $4,000 forfeit
money, but all other money derived
from the sale of acreage, the net
amount after operating expenses
were deducted to be turned over to
the land owners in the event Of the
operators failure to complete the
well.
In moving the endorsement of the
committee, G. w. Austin, president
of the Oklahoma College for Women
said, 81 have never read a fairer con-
tract It seems that Mr.. Cannon
agrees to do about all that could be
asked of him and provides for guar.
antees that he will carry out his
promises. All he asks of the Cham
ber of Commerce is its moral sup
port.
"Were Mr.. Cannon stranger to
MS, we might not be in position to
give him this approval, but he is not
a stranger. He came here a year ago
and told us what he was going to do
toward drilling we'll near Bradley
He did not ask for any money then.
AS now he asked for the moral sup
port of Chickasha Then he went
ahead and did exactly what he said
rae would do. He drilled test at
Bradley, and everyone feels that the
country was given a thorough and
complete test. say we can do moth.
ing but give our support and endorse
ment to such man"