davidaulloa/AmericanStories huggingface dataset:
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-02-07
Felix 0uer, Faci,nat Aliena Peric,llo Caut,u,,

consider the result Of this eatas-
trophs;
The American oil industry is a
fourteen billion dollar enterprise.
Practically everyone ia thhs induB-
Try with the exception Of Andy Mel
Ion and the Standard OF indiana Is
IavorinE the curtaiimsnt Of oil tm-
ports. II Is pretty safe 20 aasume
that when fourteen billion dollars Is
haSarded, something Is going 20
happen. The Industry win BE- saved
from ruin. else the financiaii struc-
ture Of the United States will 20
down. That win not happen. We
think Il cafe 20 guess that foreign
OH imports will be curtailed.
Meantime. OIL drilling has been
ct q virtual standstill for a year
past. Thousands OF wells which
nave been shut down will never pro-
uuee again. They have turned to
water.
I he Wildcatter has been est Of
business Tor two or three years. lac
is opening up few new fields.
Meantime. domestic oil produc-
ton has been eurfailed to the
LOWEST PUNT SINCE 1851
Consumption "a still mounting to
historic new records.
There are some menaces" such
as oklahoma City, watch might
flood the market. True. But every
one familiar with that situation
say that were Oklahoma City open
ed up for so days Il would BE- 9
very tame menace. Il would be
producing vast amounts Of water.
On top OF the curtailment OF pro-
ducti0n, stocks Of refined products
are the lowest In years. Refineriea
have cleaned up until theirs Is lit
tie or no distress gasoline Ia tho
Mideontinsnt.
What is to be the resuH9
What ls the immediate future Of
the oil industry7
The blind man can see Il. Others
who with full eyesight can see on
" the black gloom-bogiea win not
understand.
There was only one bettar oppor-
tunity 10 get into the oil business
20 make tremendous fortunes. Thar
Bas back In the days when q use
Tor gasoline was discovered and
when crude was worth only so cent?
q barrel tn California. That was
when the Union OIL company and
the Associated Oh company were
started But the ones Of that Nam@r.
alton who made their tFemamdoua
fortunes from that start 81 4 n@w
cycle had TO use much more irhagl-
nation than the present situation
requires.
What will this new cycle offer
a. the opportunity Of q IifetimeF
We are again reminded OF Ben
iamin Franklin writing about this
time Of year Ii 1857:
And now, 60 conclmde. Xxx
perfeBce keeps dear school,
bat fools win learn In no oghew
and scarce a. that; for Il n
true, we may give advice. but
we cannot give c0n6ucf, aa
Poor Richard says. However,.
remesnEaeF this, They ehae w0n'k
be comnsesAed. can't BE- helped,
as Poor Richard says; and fur
ther. ehsx. II yOu win not hoar
reasons she'll surely Pap your
H1nuckies.
Thus the old gentleman end
ed hts haramgns. The people
heard Il, ami approved che doc
trime; and immediately pFac-
tkcetE the contrary. gust - II
e had = common seszmon.
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-02-07

Mose-''I hear you al got q
new boy AZ 70 house,
Rastus Yes. sur sho' is !
fine boy. too
Nose DO be lock like your
Rastus sho he look like
me" tsecond thought) He
bettah.
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-02-07
THEM WERE FIGHTING
WORDS

Magistrate: Now tell me what
started the trouble.
Witness; I asked him quite per-
litely who was going to be buried
and he answered. sarcastic ike:
7 dunno; / s'pose t's the gentle
man in the hearsa.
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-02-07

WORTHLESS. When the writer
heard the account Of the hardships
Of the early days Of oil development
Ia Wyoming be realized that we n
Montana today are enjoying a bed
OF roses as compared with the
nettie-lined paths the Wyoming oil
men travelled Yet see the results:
Back in 1910, Midwest OIL com
pany stock. was peddled for 10
cents q share So one hundred
dollars would have bought 1000
shares Of Midwest The Midwest
stock was in 1914 converted into
Midwest Refining company stock on
basis of two to one, Dividends,
coupled with the market value OF
the 1900 shares which cost S100
originally, have brought this in
yestment 70 approximately 1854 900
nearly a million dollars. Yet how
many have recsived million dollars
from each 100o shares Of the orig
inal MidwestI Something like 80
per cent OF the Midwest Refining
company stock today belongs 70
Standard OF Indiana. II would be
a safe guess that the ''cycles,'--
the low-ebb partput that tremend-
ously valuable stock into the hands
Of the powerful Standard. A lot
Of those who fought and bled"
Ia the early days Of Salt Greek be-
came discouraged when oil was so
cents q barred and sold out. The
ones who b0ught-in this case the
Standard--are the ones who get
the really big profits.
Wise men, as Poor Richard
says, learn BY others harms;
Fools scarcely BY their own, but
Felix quem 9aEiunt aliena per-
icula vautmn, which means
he's q kncky fellow who Is
made prudent kw other mems
perils."
Today business il on the upturn,
especially the oil business. The load
squawking leads us 20 believe that
everything has gone to the bow
vows The fact is that business
has been q lot worse, within the
memory Of people now living. Ma
tons Business for February says
Of the disastrous" year 1890:
Now lies be there and none so
poor 70 do him reverence Yet that
much-maltgned year loaded and an
loaded 46s800,e00 frsight cars, and
with 3,000,0 trucks on the Job.
too. II made and sold a new au-
t0mohile for each 10 families st q
cost OF 32.1Es. e0e0.00 and saw
registrations highest Of any year,
WITH A GASOLINE CONSUME
TION or 39s MILLION BARRELS,
an ali-fime record Il saw electric
Al production hit It's highest mark.
Nineteen hundred and thirty
manufactured four and 3 half bill
lion yards Of textiles and BIS mill
lion pairs Of Shoes THE USUAL
TWO AND A HALF PAIRS TO
THE PERSON.
1T provided work for forty-odd
million men and women. and earn
ings through dividends to the
amount Of $500 goo 900.
Nineteen hundred and thirty
saw to It that expenses OF living
did not exceed income. as evidenced
By hundreds OF millions Of dollars
increase IN savings banks and sight
cen and half billions Of new life
Insurance."
Yet the year 1884 is already NOV
ing out 70 beat that terrible bust
ness referred to. Hundreds Of thons-
ands OF msn are returning to work.
The new cycle is under way with
the uD-trend starting.
As the greatest fortnnes a. his-
tory have been made in the past
IN the Oh industry, 80 the greatest
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-02-07

Senator shortridge Of Caiiforn-
ia-why. away out yonder
where the sun sets reluctantly
as it blas goodnight TO califcrn-
ia-in that state which is at
tracing the best citizens from
every state in the Union who are
going there to make their homes
and be happy ever after
Senator Robinson OF Arkansas
''Mr. President, ! wish to point
out that neither Of the senators
from Florida Is present"
Congressional Record
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-02-07

The first man who saw a cyclone
PROBABLY didn't know what 10 do
and he wouldn't have been able to
40 1t had he known, for he had no
cyclone cellar Fortunate enough
TO survive the experience, be knew
what to do ana Was ready for Il
and DID the right thing when the
next funnel-shaped cloud appeared.
The metaphor Is clumsy bat
cyclones came Out o. the word
cycle when we recalled what
John Moody, President OF Moody's
Investors Service, said back Ia 1895.
AT that time, when things were be-
ginning to boom. Mr.. Moody pointed
out that there Is such thing As
cycle in business. Back IA 1875
he said:
ut Is unnecessary 10 emphasize
the fact that In modern times BUSH
ness DOES work in cycles. We have
our period OF prosperity which -
followed by over-expa and
speculation; we have our period Of
reaction, decline, and depression
which is again followed by a period
Of revival and Of prosperity"
Mr.. Moody pointed out that the
investor who oYer-reaches IN times
OF prosperity will regret IT, On
the other hand he said, the great
opportunity Of a lifetime Is offered
by the periods OF depression.
''Tn the early part Of period Of
revival the opportunities for sue
cessfui Investment are always the
best" he said, adding that the in
weston ~ he wishes TO take adj
vantage Of the investment cycle.
must be courageous enough TO buy
when most other people are doubt
full and timid and to sell when all
thoughtless people are eager 70 buy
Thousands upon thousands Of
people read these words. How many
people profifed BY them IA the recent
period Of prosperity and oger-ex-
pensionY How many Of those who
failed 70 profit by his statements
then wiz profit by the PRESENT
situation2
This organization Is eight years
old That Is not q long time, yet
We have seen the results Of one
cycle, 60 prove the rule. We saw
the recovery from the stamp Of
1920. It grew into the prosperity
OF 1s2T-1928. We saw the poor
become rich, and later we saw the
rich become poor We are now go
Ing to have the pleasure Of seeing
the cycle again, and perhaps profit
BY what we have learned. In our
own business we have seen the dis
tribution Of EIGHT MILLION DOL
LARS among less than 2,000 roy
atty owners In the State Of Montana
in that short cycle. What Will the
next eight years brlngg
The writer lists among his per-
sonal friends some Of the founders
Of the institutions which became
the Midwest Refining company. The
life OF that company IL within tho
memory OF the average adult who
reads these lines. The writer heard
from these founders the story Of the
organisation Of the Midwest. Il was
q narration Of har6ships. The early
events Of the field were discourag
ing: small production from shallow
sands Eeveryone prayed for bigger
production. Then someone drilled
deeper well and brought In
FLOOD Of OH. Instead Of rejoicing
there was again hardship, weeping
aud wailing There was no market
for the oil. Although some Of the
finest crude ever found anywhere.
this OH was for a time virtually
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-02-07

Parental Neglect Receives Rebuke
And then there was the Scotch
man who sent the surgson's bill
20 his Authoritarian when he
found out that his wifs's tonslls
should have been removed when
she was a little girl.
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-02-07

Wilber-shall / marry the VII
dow o'Teole ar her yeun@ast
daughterg
Lolita Its better to marry
single girl and satisfy her eur-
iosity than narry q widow and
disappoint her
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-02-07

The OH man who was slightly
under the influence Of liquor,
dropped into church one Sunday
morning, and finding warm and
comfortable pew, soon fell asleep.
Later when the preacher had
started to pray in a loud voice,
the sleeper woke mp in time to
hear the Dominic say And pour
out Thy richest blessings on the
Pure and Humble" whereupon
our sleepy friend INQUIRED, why
don't you say something for the
Gulf, Magnolia and Texas Com
panies7"
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-02-07

With Violet ia his arms,
He drove his car poor silly.
Where ones be held q Weller
Nov he holds a liiy
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-02-07

A balky male has four-wheei
brakes,
A billy goat has bumpers;
The FREELY Is a bright spot
light.
Rabbits are puddle-jumpers;
cameIs have balloon-tired feet
And carry spares Of what
they eat
But still I think that nothing
beats
The Kangaroo With rumble
seats.
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-02-07

First WIFE, DOES your has
band exercise regularly
Second wife why y iaS
week he was out aix q
running
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-02-07

A friend OF ours who used 70
drive an Austin got the hiccoughs
one night and broke the rear
axle
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-02-07

Hush, little brassiere.
Don't You cry;
Youn be abreast Of thinss
Bye and byel
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-02-07

fortunes Of the future viii be made
In the oil industry. It's hazards arc
great. yet Il Is the ONE industry
that could make OF an investment
Of SEQ 3 fortune Of nearly g MIL
LION DOLLARS, as IN the example
cited.
The question Is whether the OIL
industry Is SAFE. A few years ago
we were told that there was OIL
enough to last only q few years
more. That was enough 20 brighten
the average investor ont Of oil.
That theory is somewhat disproven,
one writer says OF the future Of the
industry:
The petroleum Industry y
not for . season. It's time must
be measured e. decades. Its
mArket A. orc that win grow IS
q known rate for each year Of
the decades.
The perspective Of the on
market must be long. When
one looks af it for . single
month the view De- narrowed
down until a. cannot encompass
the true realm Of the Industry.
There mmst . brOadened view.
Cognizance must be taken %
things that arc 20 eater the in.
dustEy ia years 70 come.
&c Is perfectly absurd for one
to take seriously TIC Oft-repeaa-
ed statement that on measures
Of America are definad and
their limits knOwn. Each naomth
sees some change. Each year
secs almost = revolution. But
despite the rapid shifflng from
one section to nnother, from
one method 20 smother, aae con-
sumption. and likewise the pro
dnction, gradually increases.
What the petroleum industry,
brings cannot be realised until
It's season Is e0nakdared. Years,
sind mot days, mnst be conaader.
ed IN thAnkim@ Of ifs future.
Pegnaameney IL seen ON every
side In great Oh field. First
development Is ha@ty. Drilling
mast d0sae IN n hurry. Tae
territory mus1 be opened "a
once. B@t when the first rmah
- gone there is something
The Oh industry will SO ON
for cuuntleR8 years. AZ has
its problems that mmsf be met
IN q moment bat tss greatest
pr0hlenns are those that eon-
tinne for decades.
The propaganda about the con-
servatton Of oil, lest our supply
become exhausted. was very adj
FantaRecus to q man with patience
enough to figure II out. IL made
L possible for the great Standard
Companies to go into foreign lands
iuder the protection Of American
sunboats and marines and to get
.oreign oil 10 replace our own OIL
products In the growing millions OF
motors. The impoyerishment OF
Americans who continued 70 pro-
luce American oil was the result.
II course. Thirty thousand wells
gere shut down IA one aw0cp a.
he M4dcontinent. Principal fields
rave been prorat8d down 70 one
percent That is, operators are al
owed 70 produce only one barrel
,ut Of every 100 which each well
night produce. Although Montana
has no over-pr0duetion, the pro-rate
has hit Montana. The oil business
s Sin the Dumps.
Before taking our loss, dumping
verifying we have and putting our
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-02-07
Chi's Theme song

Here's te Chicago.
The home Of the gat.
Where folks think pistol shot
Is a tire gsing fiat
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-02-07
Pointing The Finger

One OF Levinsky's customers
was notorious for his siOwnesa In
meeting his liabilities. He simply
would not pay for goods purchas-
ed. In desperation Levinsky sent
the following letter:
eglr: who bought lot Of
goods from me and did not payf
you. But whe promised TO pay
in so days7-You. Who didn't
pay In six months You. Who
is a scoundrsl. thief and .
iar2-Yours truly. Al. Levlnsky
Jane. you are getting too big
to play with the boys.
why, Ma The bigger set
the better ] like EN-
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-02-07
.1qlraft


An Englishman, Scotchman
and freshman were drinking beer
together. They discovered . ~
IN each OF their glasses. The
EngIishman picked his out, the
Irishman blew his ont and the
scotchman wrune bis outs
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-02-07

We Doubt THIS
rs she modesto
''I'll say. took her 70 q
dinner once, and she ordered
bosom OF chicken"
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-02-07

The first man who saw cyclone
PROBABLY didn't know what 10 do
and he wouldn't have been able TO
40 1t had he known, for he had no
cyclone cellar. Fortunate enough
70 survive the experience, be knew
what to do ana Was ready for II
and DID the right thing when the
next funnel-shaped' cloud appeared.
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-02-07

Before taking our less, dumping
everything we have and putting our
money into mnskrat farms, let as
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-02-07

LANDOWNERS ROYALTIES COMPANY
BOX az2S. Greas Falls. h1omtana
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-02-07

The on industry will 20 ON
for cuuntless years. EG has
its problems that mmet be met
IN . m0aaena, bat its greatest
prohleEas are those that cons
tinno for decades.
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-02-07

The metaphor is clumsy bat
cyclones came out o. the word
cycle when we recalled what
John Moody, President OF Moody's
Investors Service, said back Ia 1876.
AT that time, when things were be-
ginning to boom. Mr.. Moody pointed
out that there Is such a thing As
cycle" in business. Back IA 1925
he said:
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-02-07

The petroleum Industry -
not for q season. It's time must
be measured fn decades. Its
market Il ono that win grow at
q known rate for each year Of
the decades.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1931-02-26
Haggert- Zimmerman
Wed at Wanda

A beautiful wedding took place al
the st. Matthias Catholic church al
Wanda Tuesday morning, when Fran
ces Haggert of Rowena and Edward
zimmerman of Bird Island were mar
ried by Rev. FIR. E. Frederick.
The bride chose her friend, Kath-
crime Salfert as bridesmaid. Miss
Salfert wore satin dress of salmon
color and carried bouquet of pink
carnations and ferns. The bride wore
a pretty bridel gown Of white satin
and lace and carried beautiful bou-
quet of pink and white carnations. A
brother of the groom acted as best
man.
Their many friends wish them
much happiness throughout then
welded life.
Mr.. and Mrs. John Bierl of mean
Wabasso visited at the Nick Jenniges
home Friday evening.
Arthur Amann of Minneapolis
spent Sunday at his parental home
north of town.
Albert Spalding Sr. returned home
Friday after spending the past week
in the Cities.
Mr.. and Mrs. John Moelter of Lam.
berton were Wanda visitors Sunday.
N. A. Leuther and Wilbur Dedericl
drove to Mankato Saturday for few
days visit with the formers parents
Mr.. and Mrs. Albert Schunk anC
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1931-02-26

A. L. Dugas refinished VIM. Aliens
Dodge in his paint shop last week.
Fern Raddatz was social caller at
the Lester Becker home Saturday
evening.
Mr.. and Mrs. Otto Albrecht, Mrs.
Joe Schons and Miss Emma Miller
were business callers at Morgan Fri
day afternoon.
Those who attended the eleventh
wedding anniversary at the home of
Mr.. and Mrs. Anton Bensen home in
Shutdown on Thursday evening were:
Mr.. and Mrs. Richard Albrecht and
family, Mr.. and Mrs. Ernest Albrecht
and family, Mr.. and Mrs. John Rad
ach and son, Mr.. and Mrs. Otto HUI
bert and daughter, Mrs. Aug. AL
brecht, Mrs. Henry Steve and Miss
Lydia Hubert, all Of Sanborn; Mr..
and Mrs. Geo. Fonkon and Mr.. and
Mrs. Ewald Seibert and daughter of
Springfield, and Mr.. and Mrs. Otto
Albrecht and family. Schaafskopf
was played at five tables. A delicious
luncheon was served at a late hour.
Mr.. and Mrs. Hugo Mattke of Nor
gan were dinner guests at the 0. H.
Radatz home Sunday evening.
D. D. Warren of Goodwin, S. D.
was a social caller at the j. P. Kagel
home Sunday,
Mr.. and Mrs. Elton Perly and
daughter Rosetta of Flanders, S. D.
and Doris Hanson of Springfield were
Sunday visitors at the ]. P. Kagel
home.
Ed. Volk who has been at the Twin
Cities regarding his health since jan
uary 9Th, returned to his home Sun
daV,
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1931-02-26

Anna Sanford, teacher in our public
school.
Mr.. and Mrs. Ben Christensen were
Sunday guests at the August Bloed-
ow home.
Mr.. and Mrs. Nels Zeren and sons
spent Saturday and Sunday with re-
latives at Fairfax.
Mr.. and Mrs. Fred Dugeon and Mr..
and Mrs. Tony Kurtz Of East Grand
Forks are, spending few days at the
Nick Fisher and Fred Kurtz homes.
Harvey the two year old son of Mr..
and Mrs. Noting of Oldham, S. D.
had an accident which might have
proved fatal. The child in some way
fell against the oven door of stove
and split his forehead and had to be
taken to hospital for an operation.
Mr.. and Mrs. Chas. Johanneck and
Mrs. Eugene Paradis and son of Red
wood Falls were visitors at the Ed.
Weldon home Thursday afternoon.
Mildred Berkins, teacher in our
local public school spent the weekend
at her parental home at Minneapolis.
Mrs. A. j. Fritz accompanied by
Mrs. John Dommer and Mrs. Richard
Lang motored to New Ulm Friday to
visit with relatives.
Mr.. and Mrs. Ed. Schiffman were
Redwood Falls callers Monday eve
ming,
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1931-02-26

children Of near Wabasso visited at
the Nick Jenniges home Saturday
evening.
John Theur of Springfield and
Chloris Kramer of Lucan were call
ers at Wanda Sunday.
Mr.. and Mrs. John C. Jenniges at
tended the show at Redwood Falls
Sunday evening.
Art. Fecker of Springfield was a
caller here Sunday.
N. A. Leuther and Norbert Deder-
lex were Redwood Falls callers Tues
day.
Paul Doepke was business caller
at Redwood Falls Tuesday.
Mr.. and Mrs. Oscar Gabriel and
daughter Lauretta and Norbert Ded-
erick drove to New Ulm Wednesday.
Mr.. and Mrs. John C. Jenniges
were Sacred Heart visitors Thursday.
Ole Kale of Lamberton was a bust
ness caller here Friday.
The Delhi basket ball team came
here Thursday evening and played a
very interesting game with the Wan
da boys.
Mr.. and Mrs. Joe Bierl and daugh-
ter Joan visited at the Paul Borte
home Friday evening.
G.. A. Otto, Paul Doepke and
Albert Spalding attended a meeting
at Wabasso Friday.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1931-02-26
New Avon Has
Many Social Functions

The New Avon Methodist Ladies
Aid which was to be held at the Otto
Hindeman home March 4, was post
poned one week. 1t will be held on
March 18th.
The Neal Robinson and w. ].
Wheaton families called Sunday af-
ternoon at the w. C. Robinson home.
Mrs. John Anderson who is at the
Union hospital at New Ulm submit
ted to an operation Friday.
Mrs. Jess Slaymaker who teaches
in Dist. No. 1O1 had the misfortune
of hitting a pheasant Friday morning
on her way to school. The wind
shield was shattered throwing glass
all over her, but she was uninjured.
Mr.. and Mrs. H. F. Beckman drove
to Rochester Sunday afternoon where
they will go through the clinic.
A large crowd attended the sale
held February Is at the C. A. AL
bright farm. Everything sold at very
good prices.
Mr.. and Mrs. C. A. Albright were
guests at the Alex Datwyler home
Friday evening. Dinner guests at the
William Byers home Saturday and
at the Henry Boots home Saturday
evening. They left Sunday morning
for Sioux Falls, S. D. where they ex-
pect to make their future home.
Herbert Goblirsch who has been on
the sick list for the past four weeks
is rapidly improving.
Otto Lindeman shipped a car of
hog and sheep to South St. Paul Mon
day. Mr.. and Mrs. Lindeman and
daughter Hilda drove to the Cities
Monday afternoon.
Mildred Stewig who has been
spending a few days with her par