davidaulloa/AmericanStories huggingface dataset:
Montana oil and mining journal., 1934-11-17

pleased, this property having a
monthly income of around SIS, 300.
It then occurred to us that the
owners of this royalty who
bought thru us must have a pretty
substantial return on the invest
n1ent. So we took time to look it
up. 1t was among our earliest pur-
chases in the Cut Bank pool, so
we had forgotten the cost. We
found that the present sales price
shows a profit of 900 per cent on
the price which we paid for this
royalty.
Of course, our members have
held onto this for several years
and they risked losing their
money, for they were not at all
certain it was oil land when they
invested. Such courage is worth
at least 1000 per cent, we figure.
In this case, our members can
get their investment back plus a
profit of 900 per cent and still
give the buyer a property that is
earning 80 per cent per annum:
splendid buy.
We find, also, that the owners
of this royalty are getting rate
of earning of 435 per cent per
annum on their investment, as
against the buyers earning of
80 per cent.
That is the reward of the man
who is willing to buy royalties
AHEAD OF THE DRILL: a
cash profit of 900 per cent by re-
sale, or an earning of ABS per cent
per annum by holding onto the
royalty.
We figure that this property
will yield total profit of min
imunn of 20 to 1. So the owner Of
this royalty is faced with the al
tentative of getting 900 per cent
now or waiting for a few years
to get 1000 per cent. For the man
who thinks that he can step out
ahead of the drill and hit again,
it is perhaps good business to sell
Montana oil and mining journal., 1934-11-17

r asst week we had occasion to
handle in the resale depart
ment a fractional rayalty on
a producing property. 1t was on a
farm on which we once handled
royalty, back in the days before
there was any production near it.
It is in Cut Bank oil field.
We looked up the production
record and found that it was
earning at the rate of better than
30 per cent per annurn. 1t looked
like a good investrntnt for any
who wishes producing royalties.
A royalty that will pay out in
1000 days is regarded. as a good
producing property, and it is adj
visable for the royalty investor to
have few such properties, to
Justify" the balance of his in
vestment. We figure that he
should keep his royalties paying
him minimum of 10 per cent
per annum, no matter how many
wildcat or non-producing royalties
he may buy. SO by buying a roy
atty that is paying 30 per cent per
annum he "justifies" an amount
equal to twice the cost Of the pro-
ducing royalty. In other words, If
the producing royalty which pays
80 per cent costs 500, then this
earning will pay 10 per cent on
$500. So 500 worth of produc-
ing and $500 worth of non-pro-
ducing royalty will still have an
income of 10 per cent on $500.
We pick up bargains of this
kind whenever they are available,
but they usually come in small
amounts. 1t is seldom that land
owner will sacrifice any large
part of a producing royalty that
is paying as much as 80 per cent
per annum, unless he sees a chance
to make more money elsewhere.
In the case of this particular
80 per cent royalty we were well
Montana oil and mining journal., 1934-11-17

and pyramid. That IS the way a
trader makes fortune. For
people who are not traders, the
safer way is to hang onto the
good ones.
The next few months are the
time to buy producing royalties.
We have been in business for
more than IL years and we have
learned to expect our greatest bar
gains in producing royalties in
the period ahead of the holidays.
Some royalty owners sell produc-
ing properties in the late fall,
figuring that royalty earnings
will drop off during the winter
months, especially if the weather
is very cold. They sell just enough
royalty to care for their require
ments during the winter months.
Still others want to go away
for the winter and they sell roy
atty enough to pay their expenses,
knowing that have enough to
live comfortably from regular
royalty earnings.
Still others always need a little
extra money for the holidays and
they sell enough royalty to pro-
vide them with cash sum suf-
ficient to care for their needs.
There many reasons why people
sell their royalties but the fact
remains that because of all the
various reasons, the early winter
months have in the past been the
time when we have picked up our
best buys in producing royalties.
These royalties are, as stated,
usually fractions of one per cent
and not large enough to justify a
public offering. Those who wish
to buy producing royalties in
either Cut Bank or Kevin-Sun-
burst oil fields may get quota
tions by sending in the attached
coupon.
Montana oil and mining journal., 1934-11-17

each bad besn married during this
time.
what kinda woman dId you ali
set Mose1" asked Rastus.
She's an angel. Rastus, dat's
what she is.s
"Boy. you sho is lucky. Mines
stiil livin." Rastus mattered sor-
q q q q
DONATION
Clarice (motoring) )--sT said Jon
could kiss me but I did not say
ycu could hug me.
Henry-''Oh, thkt's all right; I
Just threw IN the clutch"
y = = y
CALL AN AMBULANCE
Cup o'tea weak. said a Gus
toner at q London coffee stan.
When the decoration was brought
to him he eyed It critically.
We'll, what's wrong with it, You
said weak didn't your"
Weak yes was the reply, but not
elpless''
D d . q
IMPATIENT
He-''Isn't It about time baby
called me daddy3'
She-"I've decided not to let him
know who you are until the little
darling gets a little stronger" "
q . q q
FLOWING WITH A STICK
what is your idea of a gentle
man farmer?"
Hes a person" answered farmer
Corntassel. who is so wen fixed
that he can waste profanity on a
golf ball instead OF on q mule.
Montana oil and mining journal., 1934-11-17
FOUNDER Of BALTIC
D0E GETS REV ARD

The man who sponsored the gath
ering Of oil in the area south Of
Cut Bank In what be called BAL
tic dome" is shortly to have his
reward, according to the Cut Bank
PiOneer-Press.
Seth Ciarkson of Newberg, Ore,
declared many years ago that there
was oil beneath HIS land on which
the Lawler-Hoer lClarkson No.
well Is now starting. Relates the Pd-
oneer-Press:
Seth used 70 PROFOUND his ideas
70 the local population, but most of
them thought It rather fantastic.
They hinted that 1t was a case of
another dry-land geologist having
hectic visions.
Seth left here and went ever to
Oregon, where he engaged in the
clothing business. Over there he
kept telling the web-feet that this
section was saturated with petro-
Montana oil and mining journal., 1934-11-17

leum and that mis- homestead was in
the middle of the lake. He sold
units on the Baltic Dome, or on
that part OF it on which his land
Is located.
When drilling started north OF
Cut Bank, the Press had q number
OF letters from interest-holders on
the Clarkson tract. They showed
evidence of great excitement and
wanted to know when the Baltic
Dome would get a play.
It is certain that these inter
est holders will be glad to hear
that a well is to be drilled on the
Charleston tract and Seth himself
will be able at last to say, We'll,
fellows, / told you So"
Montana oil and mining journal., 1934-11-17

Did You ever have your name IA
the paper-have 1t in wrongg
Mary Lou Rice, Of the Journal
staff had her name IN the paper
last week. She didn't like It, Of
course-one OF those don't quote
me- girls. But what really burned
her up was when we wrote her
name betty Lou. We were think
ing OF another girl named Lou.
q u q q
Then on top Of that, the Tarrant
Gusher points her out to the pub
lie, to which she objects because
after Mary Lou seeing he Gush-
ers pictures Of Sweet Sue" the
Gusher editor declaims that "the
gang on the Gusher would like to
see a LOT of the Journals BET
TY LOU" II her name hadn't been
wrong, chances are that Mary Lon
wouldn't have objected so MUCH.
Funny folks, these blondes.
q q q q
A different result may be ex-
pected in the next election. 1t Is
reported that the railroad commits
sion is going to get behind the
young democrats next time.
" 81 ~ n
YOU CAN'T GET AWAY WITH II
But my dear" bleated the poor
poor little hen-pscked hmsbard,
you've been talking for halt an
hour, and / haven't said a word. "
mo snapped hts wife, s'you
said anything, but you've
been listening in a most aggravat-
ing manner and I'm not going to
stand for It."
Montana oil and mining journal., 1934-11-17

SEND A CONTRIBUTION TO
THE SUNBURST BADGER
Montana oil and mining journal., 1934-11-17
BUT to- BUTTE
TEST ar DEPTH
Of 2o23 FEET

Button Butte Oil & Gas COM
pany has taken over the operation
Of the test on Button Butte, Fer
gus county, according to a letter
from Charles Woodwork, secretary.
The property was taken over from
II. c. Rowland.
The hole is now down 1928 feet
and It is planned to set 5000 feet
OF 8-inch casing.
Preparations have been made for
winter drilling, to test the Devon
Ian sands.
Montana oil and mining journal., 1934-11-17

atSA4F ~ AE4@f@F& - - #@a@*-@~-l
sHrRrEx rHoRpE. Defendant
THE STATE OF MONTANA seAqs
GrzaefARz % the Absye Named DszsaoaAazs
au& % zach Of TAems
Yen ane hereby samM01e1 es eE9HaR
the complaint IN this action which -
fffsa In the office o. th6 Clerk Hf this
Court, q copy q which s. hexewsfh
ssrvsd upon one 81 Jon IN each Csunky
wherein amy Of you reside. and e Eie
yoar answer end serye a eeDE sAsze11
upon the p&sineiffs a2zeFneT wAknln
twenty days aetsr the sefstes 9f tAzs
Summons, exclusive of the dag 81 service.
and in case Of your faiiure 70 appH4r
or answer Judgment win Be taken aFalns4
you, By default Cor the relief dsHtande&
IL tbs complaint, which b en- aeaion
brought By the plaintiff against the de-
fendant for the purpose of obtaining p
divorce from che said defendant On the
grounds Of desertion as alleged IN plain
tiffs complaint 70 which reference IL
hereby specifically made for further
witness my hand and the Seal OF
said Court this 18th day Of November,
1884
GEORGE HARPER, Clerk.
BY H.. J. SKINNER, Deputy Clerk.
PAUL =. MURPHY.
Attorney at Law,
Great Fafls Montana
Date Of first publication, November n.
Montana oil and mining journal., 1934-11-17
DoNrEsTIC ASSETS FOOLED


"she sings. plays the cello, is 3
champion swimmer and paints
beautifully"
well, IL old George can cook
a bit, they ought to get on very
we'll together"
Montana oil and mining journal., 1934-11-17

AAAABHHt4&tfyATGNGr
Mrs. Gray--"You're looking very
happy this morning Have you had
good newsf"
Mrs. Jay-''W Wonderfuli Ny hus-
bands health hos broken down and
we're going to Palm Beach for the
winter .
q q q d
What in heck would you give
Nudist for Christmas?" asks the
Springfield Union. How about a
full-length mirror7-Boston Trans
cript.
PLEASE PASS THE PICKLES
The family was seated at the
table with a guest who was a
business acquaintance OF Dads, all
ready to enjoy the meal, when the
five-year-old son blurted out: why,
mother, this is roast beefi"
"Yes," answered the mother,
What of it?"
We'll, Pop said this morning
that he was going to bring a big
fish home for dinner tonight"
y q q u
TAKING NO CHANCES
Old Lady to Old Tar Excuse
me, do those tattoo marks wash
Off"
Old Tart can't say, Lady"
y q . q
MUG DRILL
Sergeant-''Did you shave this
morning, Jones7"
Recruft-'Yes, sergeant"
Sergeant--'fWell, next time stand
a bit closer to the razor"
q u q q
NO WINGS OVER RATUs
Two Negroes who had not seen
each other In five years discovered
Montana oil and mining journal., 1934-11-17

IN TmR nxawmzrT CoUB% or EnE
M40MwM JUDICIAL BxSTMECI o.
THN STATE oE MONTANA AM AID
Eom TIE DeUNTx OF CASCADE
Montana oil and mining journal., 1934-11-17
nNRoRm Il nanAwa

What do ron de when
you see an unusually beautiful
girlf"
Anna--''I look for . while, then
get tired and lay the mirror
down"
Montana oil and mining journal., 1934-11-17
MEMBERSHIP APPLICATION

dls l@@ sssk esransass sunburss on Ass Os-
HaHsA shall Ms as
the
e. nhe
@e y H.
Cemapamy fer @s
mmmheahAp hsSdsRs Asziag es mis wsH
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-07-05
LETTERS FROM THE PEOPLE

There seems to be question as 70
whether there will be Home Demon
stration agent in Benton County when
Mrs. Davis leaves on July LIST, to take
charge of the office in Walla Walla
county.
There is great number Of people
who do not consider a home demon
stration agent an asset to commun-
ity, mostly because not everyone
knows what it is and what it's all
about. Consequently, sometimes little
enthusiasm is registered.
Many have made the expression
that a home demonstration agent is
needless, or at least an expense that
can be easily done without. The
agents salary is paid out of the Cap
per-Ketchum fund, q fund appropriate
ed especially for the extension serv.
ice. It is true enough that this fund
comes from the people in one way OF
another, but If this country does not
make use of the opportunity to have
an agent, the money allotted for the
salary will go some other place; Il
salary will go some other place; II
the people of this county.
The county does bear the expense
of the upkeep of the agents car; $3a
per month is ollawed. This amount
was provided for when the county
budget was made out for 1884. Again
it costs no extra to the people.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-07-05

If the county commissioner, a..,,.
in 1885 that this expense % coo u'
month can not be met, il Is . T SS,i PEI
ent matter. uitiet.
Plans have been made in cl,h I.
for this year. Definite program. nOtk
been arranged; goals have bean lave y.
but without someone to enpinsa. y. :,
events, namely, the Al densr+,s..snae
in the fair, the various contests 'U by
county picnic, Achievement pSS' ' ne
the completion of the years wos. an s
that has been gained, or NAV hs s., ~
ed, will be lost, for everyone 80. n'
that nothing can be done effect,, 49,
when no particular person is RENE
sible. 'O'pOn'
speak for the people who h,v. /. !,
experience in club work or WIN 49, 80
had contact with those who dis -,
they want the work continued Az ~ y
asmuch as it will cost no more ~ =.
should there be any delay in enc,,sss
another home demonstration assas
All this may be useless 70 s,v ~.
thus far no agent has been enes. ~
and it is only a mater Of a yerv g.
days until the office will be vs.,s.
Hence the apprehension.
-Eunice Foraker.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-07-05
tinctive one-man control. Ordinarily,
we are prone to consider this govern

tinctive one-man control. Ordinarily,
we are prone to consider this govern
ment of ours in little different man
.ner because, in a period when con-
gress is in session, the restrictions
which its enactments embody serve to
circumscribe the powers Of the exc
cutive branch Of the government. In
the forthcoming six months, however,
the executive branch may operate with
all Of the freedom discretionary au-
thority carries in the New Deal leg
islation.
Because of the great speed which
characterized passage of the New
Deal legislation for which the Presi-
dent asked, its full meaning was over
looked temporarily in many cases.
Now that congress has gone, however,
appraisals are possible in the light
of the relationship existing between
various items of the New Deal, and
this has occasioned more than the US
ual amount of discussion in Washing
ton.
One line of discussion frequently
heard is that Mr.. Roosevelt has plac-
ed himself in a spot where he can
claim full personal credit for the sue
cess of his program. By the same
token and since success is not yet as
surred, he is on the spot where he
must accept full responsibility fol
failure of any part of the program ia
accomplish the job which he has out
lined. From what / hear around Wash
ington, there seems no disposition
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-07-05
One-Man Control

Armed with more power than any
President of the United States, or
the head Of any democratic govern
ment, ever has had, President Roose-
welt has started what he hopes will be
the final drive for economic recovery.
He has all of the weapons in his own
hands. There can be no mistake that
he is preparing to use them.
When the second session OF the
Seventy-third congress adjourned the
work it had done together with the
enactments of the first session, COM
pleted the transfer to the Chief Exec
utive of more authority than any con-
gress ever before had delegated to the
head of the government. In fact, q
survey of the acts seems to indicate
that congress delegated to Mr.. Roose-
welt as least so percent of the power
ordinarily reserved to the legislative
branch alone. Some of the grants were
of temporary character, of course,
but nevertheless the President has
them and they cannot be taken away
until after the first of January, 1895.
irrespective of their nature, unless
exigencies should arise under which
President Roosevelt will call the con-
gress back for an extraordinary ses-
sion. Those exigencies do not now APP
pear on the horizon.
The above paragraphs are nee
essary prelude to the further state
ment that for the coming six months
at least, the country will have a dis
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-07-05
EAST AND WEST

Eastern editors who find so much
fault with the national land reclama-
tion policy, and lay great stress on the
alleged fact that federal irrigation
Enthusiastically costs the taxpayers vast
sums of money, vociferate without
knowledge.
Federal land reclamation in the
west, thrugh sponsored by the gov
eminent, is essentially a local west
ern matter of dealing with natural re-
sources of our own, and the costs have
been borne from the beginning not by
the taxpayers, but by the west. !.
Eastern critics, if they are aware
Of this important truth, seem to be
obvious to it.
In it's simplest terms federal irri-
cation is matter of taking wat r
from one place where it cannot be
used and putting it few miles away
in places where it can be used for ag-
ricultural and other purposes to mans
advantages. This operation is paid
for almost entirely from the proceeds
Of sales and leases of western natur-
al resources which in fairness belong
to the west for use and not to the
government, and from repayments by
settlers.
Two or three federal irrigation pro-
jects turned out to be failures because
they were designed by political en-
gineers. Their costs have not been
charged to the treasury, but to the
reclamation fund maintained by the
west.
The net cost of federal reclamation
in 80 years to the treasury has not
been enough to pay the cost Of NRA
and AAA propaganda and it's dissem-
nation in the last Is months.
It is not right to charge any part
OF the costs of federal power projects
to land reclamation or to the reclaim
alton service. The reclamation service
has charge of the construction Of
some of these projects, but in on case
has it promoted one Of them, and it is
employed primarily because it is the
only fully organized engineering SER
vice the government has.
Why the eastern moulders of opin-
Ion should gratuitously and unfairly
attack western development is some
thing we don't understand. The west
Is good customer of the east and de-
serves square deal from it.-Yaki-
ma Republic.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-07-05

Republican national leaders seem
to be having trouble finding some
man to be chairman Of the national
committee. Why not offer it to some
deserving democrat who has not yet
connected with an office?
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-07-05

has been illegal. Whether that conten-
ton is true, of course, is mater for
the courts.
To examine just few of the things
done by congress will illustrate the
extent to which it went in granting
authority to the President. Take the
laws creating the Agricultural Adj
iustment administration and it will
be seen that the authority to levy and
collect taxes was granted and at the
same time a big handful of control
over Interstate and foreign commerce
was given to the Executive. Produc-
ton control under the so-called Bank
head cotton control law is just that.
An important control over Interstate
and foreign commerce was given the
President, also under the national re-
covery act. General Johnson, admin
istrator, exercises that authority, of
course, ut he does so under execu-
tive direction.
While the power is circumscribed
to an extent, congress gave the Presi-
dent authority to change the value Of
the dollar. He cannot vary it greater
than between fifty and sixty cents, as
we used to measure cents, but the po-
wer to coin money and regulate it's
value rests with Mr.. Roosevelt to that
extent. The implications go much
farther. The treasury has an inn
mense fund of gold which it can use
in maintaining the relationship be-
tween our dollar and foreign coin.
u. s. in Many Businesses
Under the present setup, congress
gave temporarily the right to make
laws, or part of that authority. In
nearly all of the acts of the New Deal
congress, much discretionary power to
draft regulations and rules for adj
ministration of the new laws was ac-
corded the Executive. Anti-adminis-
tration leaders contend that in using
this discretionary power, the execu-
tive branch has put government into
countless businesses. Through the Re-
construction Finance corporation, for
example, the government owns or has
influence in, through the medium of
loans, such businesses as banking,
dairying, cotton and wheat and other
grain stocks, in the mortgags field,
railroading and in the various fields of
commerce and industry such as those
touched by the Tennessee Valley ex-
pertinent.
In the charity field, the govern
ment has gone long way. It Is pro-
viding work in numerous ways. Var
ious experiments are being worked
out with these funds, voted BY con-
gress for distribution under the Pres
ident's direction. Some Of the money
is being used, for example, for the
building of whole towns in conjunc-
ton with government owned man.
ufacturing plant.
Through MIRA, it is to be mention
ed also, the antitrust laws were vir-
tually If not wholly, suspended. The
recovery act made the antitrust laws
inapplicable where corporations signed
the codes and complied with the blue
eagle requirements. Under that same
set of laws, too, the government vir-
tually became q partner in all busi-
nesses, since it exercises authority
over their manufacturing practices
and policies as well as their methods
Of production and distributor.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-07-05

A college head says educate the
grown-ups." And he ought to know
that the youngsters of today are do
ing their darndest to do it.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-07-05

The worlds fair at Chicago is oper-
ating again this year. Probably so
Mr.. Insul may see it. He was on q
vacation in Europe while it was on
last year.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-07-05

A daily newspaper in the northwest
makes big advertisement appeal for
readers on the ground that it will is-
sue Sundays a 36-page comic section.
That is comical newspaper advertise
ing.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-07-05

A noted doctor says that examina.
ton of d dead mans brains show
they reveal nothing. The same might
be said of some not dead.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-07-05

A Seattle man said he heard GER
tain banker make the same speech
twenty times. That should discourage
the man from trying any longer to Sc
cure the loan.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-07-05

An exchange says that man could
be born cheaper fifty years ago than
he can now. And most Of us today
feel it was worth more then.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-07-05

The designer of copper bathing
suit declares it will not shrink. Did
he ever try it in q stock exchange
market?
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-07-05

In addition to making the world
safe for democracy, it appears the
World war also made the world safe
for Japan.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-07-05

Some people believe q dog can
think, but when you see his devotion
sometimes to a worthless man, you
doubt his intelligence.