davidaulloa/AmericanStories huggingface dataset:
St. Paul recorder. [volume] (St. Paul, Minn.) 1934-2000, 1936-09-11

EIRST time ever offeredl Turns
= heat down at night, up in the
morning before you rise. Cuts fuel
costs 1927 Self-starting teiechron
movement. Permanently fabricated,
sealed and silent. Won't get out of re-
pair. Can be used as both a tempera-
ture control and an electric timepiece
Install it in any room.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-03-28
Transylvania' $
Demos Are Busy
4 Candidates. Announced
Others Are Expected

BREVARD. Mar. %. (SpeciaD.
Democratic politics is holding cen
ter Of attraction in IranSylHania
county at present, with four can
didateS already announced for Of
fee ana several more expected to
make formal announcements mo-
meHtarily.
George D. Stafford, Brevard
.lumbermap and automobile deal
en- has announced his candidacy
for sheriff, which place has been
held for two terms by Tom $.
Wood,
Eek L. Sims, state highway en-
pIoye. former deputy sheriff and
policeman, has announced for reg
ister of deeds. \. Henry Giles
pie. farmer, of the Cherryheld
section, is also in the race for
register. jess \. Galloway IS the
present register, ctnpletny his
third term.
W. Pat Kinney, Brevard attcr-
ney, has been in the race for scV-
eral weeks for the place of rep
reSentatiSe, .. ta.....
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-03-28
High School
Activities Are
Recorded
Debate Postponed: In
terest of DR.. Ellenber-
ger Appreciated
By Louise Orr and Travis Brown

by Louise Orr and lrtyis BrcWT
Debate Club: The debate be
tween Forest City and AShcvill"
which was announced for yc2tci'
day, March 81, has been post
POncd due to adverse weather
conditions. 1t will be held Friday
April 3, at 1880 a. m, in tn
auditorium. The public is cordial
~ invited to attend.
Assembly Program. The school
was delighted TO have D.. Ellen
berger of Harrisburg. Pa, to con
duct the assembly program tn,
week. Accompanied by Miss Sarah
liudgcns at the piano, he led the
entire school in number o.
songs. We arc very grateful to
DR.. Ellcnbcrgcr for his inter"S,
shown toward the music Of the
school. H. the pas. few years The
music facilities Of this school have
amounted to pr; ctically nothing.
Except for the Glcc CLUB o. .iIl5
organized under the supervision
Of Mrs. j. c. Morrow.
DR.. E!lcnbergcr is now at The
Cedars, but for short time only.
The entire school hopes that he
will be able to make another ap-
pcarance here before his return
to Pennsylvania.
Prompt banners were awarded
in assembly to the following home
rooms: 307, 200, 21O, POP, IGS
and 2l3. This is an undertaken
of the Student Counci! to crco%r-
age everyone to be prompt. As
vet no attendance banners nave
been awarded.
Girl Scouts: The members Of
Troop | of the Girl Scout organ
i2stion gave a very effective pro-
sram in the auditorium on Thurs
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-03-28
FOR TAX CoLLECTOR

hereby announce that | viii
be candidate for the Democrats
nomination for the office Of Tax
Collector Of Henderson county,
subject to the action of the Dem,
oeratic primary to be held in June,
and IN this connection solicit
the support OF the people of Hen
derSOn county.
ALLEN W, HAWKINS,
p1-25
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-03-28
SAYS ITALY PREPARED
TO FACE ANY CRISIS

ROME. MAJ. IS. lUPl-Ita!y' ;
oil stocks soon will De large
enough 10 enable the Italian fleet
% race any crisis. Sen. CavasnaE.
said last night following senate
debate on the naval budget.
Oar surface fleet = modern:
powerfully armed, speedy ana
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-03-28
FOR CONSTABLE, HENDER-
SONVILLE TOWNSHIP n

To all my friends Of Henderson
vile township, I announce mySelF
as candidate for constable of this
township, subject to the Demo
cratic primary June election,
will appreciate all my friends may
do for ~aas and I Will endeavor &c
make you~2n honorable servant
NQuTS truly,
J. WALLACE REDEEM.
3-2S-4tp .--.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-03-28
FARMPROGRAA
IS LAUNCHED
West Coast lndustrialists
Have One to Take
Place of .AAA

SAN FRANCISCO. March Is.
UP).-Scrapping Of The AAA has
LED California industrialiStS, econ
omists, scientists and farm lead
ers 20 launch a nationwide move
mcnt for complete rehabilitation
of American farmiEs through nor
NAL scientific and economic chan
nels.
Al the basis Of the movement
will be two fundamental prlucl-
pies:
Development Of non-food ont
lets for agricultural products
Utilization Of 5! farm waste
products.
In California alone, hackers oi
the movement declare. a new in
come Of S26.OOO.OO0 annually j.
possible for the farm"E through
proper utilization Of the vast"
materials of California vegetables
alone.
At the preliminary me"tih" ri
hackers of the new movement here
steps were taken for "a Far West
crn States Conference on tn"
subject To he hcId at Fresno. Gal.
March % and u. From this re
giOnal meeting. 10 Is hoped th"
movement can he launched on Il
nationwide basis.
AIDED BY CHEMISTS
The fundamental program fox
this new drive fOr the rc-cstab-
lishmcnt of American agriculture
a. profitable industry hal its
origin last Nav at Dearborn.
Mich, when the Farm ChemurgIc
Council was organized under the
sponsor ship of the Chemical Foun-
datlOn.
Carl Is. Fritschc, at the Farm
Chcmurgic Council, will preside al
the Fresno meeting lie will hay,
the help Of ID. Robert \. Mill
kan. of the California Institute at
Technology, and Dean ilutchtn-
son, at the University ct Cali
furnia's College at Agriculture.
The underlying principles al the
program by pureN scientific, ESQ
monte and industrial method- an
stead at By statutory regulation
are embodied ia lhv tullowlns pro
gram:
Gradual absorption at much 81
the domestic farm surplus hy do
t,,pStir ministry
Profitable utilization OF Idle
acres.
Increase OF the purchasing
power Of tbs American farmer
on a stable and more permanent
basis
Complimcntary increase 80 the
demand for manufactured NErai-
uctS.
Ultimate creation Of new wor<
fur idle hands, revival ef AmeEl-
can industry. restoration 1T AmVr}- I
can labor - productive enterprise
aRd relieving Of economic dl,'EeN7
of tho nation,
URGES NEW APPROACH
Eve must Get rii Of she l'e&,
declared Frit>che that thee ave
nj new frontiers TO- conQues and .
ct the belief shat the farm prob
lem can Dc solved by enar-n@
statutes.
eve feel that We can 90 20 lon
way toward solving the problem
hy developing new uses for -trm .
SURPRISES Though the Application .
OF the discoveries Of scicnc.
The program, according -o Dr .
\Ionzo TAYLOR. of roe Stanford F..
University Food Res"a.sh .Ds-'- .
tutc and member OF .ae West !
EN- Research Cognci' % the Farm
Chemurgic Council. "l- -om.thiu2
which ECONOMISTS nave been Wait /
inc for wears.
cit il a question. 90 declared d.
TAYLOR. '.uf directing agricultural .
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-03-28

we'll manned and should induce
any foe TO weigh carefully the
risks of d fight" he said.
Our underwater fleet is fitting
its task Doth qualitatively and
duantiratiyely. Our coast defense
is able 20 function Oh instant no.
tice."
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-03-28
FOR coRoNER

am a candidate for coroner of
Henderson county N toe Demo
cratic primary; and will appreci-
ate the support of the voters.
If WILLIAM L. MILLER.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-03-28
FOR TAX COLLECTION

| hereby announce myself as
candidate for the nomination for
tax collector, subject 50 the action
of the Democratic primary to De
held ins ,hne. j. F. BROOKS.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-03-28
Announcements
ANNOUNCEMENT

hereby announce myself rs Z
candidate TOR shc office 0F Core
ucr Of Henderson County, subject
to the action Of the Republican
party.
VERNON HENDERSON.
3-2S-2tp
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-03-28
WASTE PRODUCTS USkD

Ac,es,.as ~ { '''v 49, '.,S H"' u.
! hea" IN : -. No..
dehH'tt E.y@ az V 80 - y., ',,
oman ~ Nv .'>| - -
PRODUCES on 10 - ,',' - W., %.
.>"spAeA y. "Ss.-,..-.... = r. '''''>
.m various I':hN9 ~ aH..'.S'lH ;.
For example, sE.iCSeae 2oln->
vuE ma. * Mississippi valley A.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-03-28

Special floral trains 70 carry
flowers into London every night
ere being inauguratcG.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-03-28

Shanghai. China. sent gooGS
,..IYrG ~ Sl9.75>.I50 TO III
Tinted :-ates last year.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-03-28

...ning, March 26, This was
DAY Snring Court of Awards,
thJiI ,mnually. A short play en-
nei" 4 Girl Scouts Hope Chest
tlIi''' scented under the direction
"" !; Mr. r, Fred Justus. The eharae-
Of ", we're as follows; The Little
LCiJ scout. Carolyn Kelly; Tao
or Carolyn Shipp: Music,
e " on. nNoa; Poetry, Peggy Ship ;
2I:',,,,''', paw, Molly Sudduth; Wis
n,n' Mary Ellen JuStus; Ro-
' uo'r,, Frances Brown; Justice,
' H"mir Wills; Loyalty, Jewel Shea
~; H.. imagination, Dorothy Brown
~ s.vsrag patriotic songs we're
1877. Fy all, with Mrs. Robert
I r:iI. IT.. assisted by Mary Scott
W. w i, furnishing the music. Inc
2 " ''.',, Of the Girl Scouts 0ESa2-
; ;,' WIS given by Mrs. mos,
II. Franks.
r.aecs were awarded by COM
....s members and the captain
~, ~.ryenMnt TO tne Scouts.
TgNICRs HOLD MEETING
The iIaior class held a meeting
,rs',Is.}sy. Al which time methods
g., missing funds for TINS junior
..nior banquet were discussed:
ybry decided 20 present ar Apr!;;
I," a., program in assembly, April
! and cha. g a small ad'NlSslon.
! N.o, 70 edit an April Feel edI-
,i i II .as Red and White 10 be
J,ii o free TO those attend
~ Mr. Jones made 4 taiH urging
-. iIg;5y class 20 cooperate win
49, Ri ana White stall and sup
~or- -he programs undertaken ~
ANOTHER issue OF he school pa
NOR The Red and White. was P@'
~, sale Wednesday. The juniors
~, 70 be congratulated on tneF
fort. in regard to this paper.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-03-28

THE VOGUE
Hotpoint's new, modern style
Square-type Water Heater gives
hot water every hour OF the day
OF night without one minutes
attention from you.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-03-28
Pleasure IN ObeyIng

ACKNOWLEDGEMENTS into that river
and drown yourself" Victim-H
SIN charmed To do it,"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1936-05-16
Oil Trade Notes
OF Interest to Refiners and Marketers
pEwARE or THIs new PETIT LARCENY RACKET

Every evil eradcated one follows IN the wake
of the correction racket is the foowup OF the H.
work in eliminating fraudulent promotions Whenever frm qua
s under the is made from WASH
ingon company duged by flock OF letters from
stock issue d.,
The general idea is the applicant must send face
money These take anything they get from $40
up to according the guabi of the man seeking funds
pressve letter showing offices in New York Philadelphia
Washington cities including town in Ohio which was
shown egal department. 1t also purported too nave foreign
correspondents London Paris Brussels and other European
although did not reveal whether the cospon
dents were blends brunettes or both
This miner seeking funds had been called upon from post
office box number send $l25 OF which 9O per
cent was 10 be retired out of ' receipts This recalls the
vrgee Oil Co.. which have been financed by one OF
these 'brokes people convinced that they
wired $500 to the individual had gone small New England
town where he had $4,000 Gin bag Of they never
heard Of him after they $780, he known in the
town where he received the money re
It impossible egsate the burglars out of industry Ii
rooters of western mining oil projects will common
sense however the burglars will make money in the new racket
of ''prdmoting the promoters.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1936-05-16
Choosing Bet1Uee11 Three Royalties

cent per acre. The cost is HALF and
this second farm will produce MORE
oil per acre than the No. 4. OF that we
are confident, despite the fact that the
one producer is making less oil per day.
Not all OF this 40 acres may produce,
but on basis Of four wells to 40 acres,
AZ wells will be drilled. When the OPP
orator has drilled 4S wells he will have
1920, 900 invested. If he gets back his
investment only, the owner OF / % royalty
will have received in the meantime 1 20
of S72O, 600 or $1,000, against his i'm
vestment of $4,000. If the operator
DOUBLES his money, the investor will
plans ON getting his money back plus
500 per cent. BY no known method can
the operator drain this ground without
drilling 48 wells, so that is the future
the royalty investor looks forward to.
However, when we reduce this royalty
TO rate of earning 1t is not so at
tractive. This well is malxink around
$4,000 per year, paying the owner OF
10 royalty one per cent of $4,000 or
$3.50 i'm year Of 500 days of prodcc-
tiOn allowing s. days Of each year for
shut-downs, cold weather and cleaning
out. An earning of $3.50 per year on
an investment of $4,000 I'm not much.
So it is impossible TO buy this as pro-
ducing royalty. The producing well
serves only to prove that the farm is
oil land. 1t reverts back to the question
oil land. 1t reverts back to the question:
how much oil does the average acre
contain, or can IL be expected to con-
tain? III an acre Of ground contains
or is likely to contain 10000 barrels OF
oil and we buy 10 of that oil for 81
we know that we are paying one cent per
barrel for this oil. That means profit
of 90 cents per barrel when the oil is
brought to the surface of the ground
without expense to the royalty owner
and sold at 81 per barrel. That is the
true basis of eValuatiOn.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1936-05-16
Number Three

The third royalty has well that
proves that there is some oil under this
tract. There is a second well drilling. The
first well is not making enough OH to
call this a producing royalty. IL is not
Welding as much as the No. 1 PROPOSE
ton which at worst is making from 10
to 20 per cent on the investment, neither
Is IL yielding as much as the No. 2 prop
osition. It is on fact earning between
and per cent on the investment. OF the
500 acres, $40 is considered positively
proven oil land. The other 100 acres is
within producing contours and is PROB
ABLY oil land. 1t is not disprOven. We
have paid MORE than IS an acre for
land not as well situated as this, so we
would be willing to pay the price asked
for the poorest part of this land.
Whereas the No. proposition came
from an investor who is making three-to-
one on his speculation by selling at this
time, the No. comes from nOn-resi-
dent mortgage investor who has this
property ION his hands"
He Is willing to leash in" realizing
a handsome profit on his investment, as
IL is, the land having come to him
through foreclosure. He isn't interested
In the oil business-doesn't want any OF
it because he doesn't know anything
about it.
That explains why this royalty is So
Der cent per acre against 90 per cent
per acre on No. and $12 per cent per
acre ON No. 4. The well now drilling
served him merely as an incentive to the
''Other fellow" 20 give the lump SUM the
seller wanted.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1936-05-16

"I have been a reader of the
Oil Journal for several years and
enjoy it very much, writes Tim of
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1936-05-16

NEA NEA 1-ss-6w. rig up.
Santa Rita-McCabe No. 2. NV
SWA NWA 31-33-5W, cemented
800 feet. rotary tools.
Nadeau Brothers-Coover No. 8,
sWA NBA 17-3S-5W, drilling,
2425.
Texaco-M Morrison No. 2, CIVIL
NWA NWA 22-35-6W, drilling,
1880.
New locations are as follows:
Nadeau-Ewald No. 4, C NE "A
SWA 9-32-5W, location.
Par Oil-Haines No. z, NV SWA
SWN 2-34-6W. Rig up.
Standardization Al 119 No. 4,
G SEA SWA 1-32-6W. location.
This is the Jack Marshall tract,
Tarrant-Getty No. 9, Sc NE "A
SWA 2-34-6W, rig up.
KateIy- Ward No. A.,
Lot 8, Sec. 10-34-6W, drilling, 200.
Texaco Government Permit
O7s7ss, C SW14 NEA 17-S2-5W,
rig up.
A. e. (LOn) Crumley has spotted
his No. well on allotment 11S on
the north end of lot Z, Sec. 81
33N-5W.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1936-05-16

Tins Garage at Geraldine. n
feel kind OF guilty that have not
contributed something 70 the Sun
burst Badger. So here goes"
An optimast is a guy who opens
a pint in a crowd and holds onto
the cork.
He Cat the phone): II want to
insert a notice of the birth of my
twins
Girl lat the newspaper office)
viii you repeat that, sir?"
He: Not II can help It,"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1936-05-16
THREE WELLS

Montana Power-seeba, No. 4, sW
swA NwA 2-S4-6w, drilling. zoo
1885.
Montana Power-Saeba No. 4, SW
SW NWA 2-34-6W, drilling, 200
Montana Power arfield Unit
No. /. gas field. NEA .SWK 9-35-
5W, drilling, 2S25.
Spencer Cloutier-Tweady No. 2,
NEH sWA 25-3S-6W, drilling
1880.
Tarrant-Britton No. 6, SEA sWA
12-34-6W, drilling, 1890.
Tarrant-Long-Mille No. 5, NEA
NEA 24-34-6W, drilling. 1850.
Texaco-Tribal 1872 No. 2, NWA
NWA 5-32-5W, moving off der
rick, ready to drill in with cable
tools at 2840.
Wilkinson-Allotted 127 No. 1,
NEA NEA 1-S2-6W, waiting for
engine.
Wilkinson-Tr. 1875 No. 1. NEA
NwA 7-32-5W, drilling, 1850.
III. r. Patterson-Mller Mo. 1,
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1936-05-16
Number One

The seller of No. 1 royalty is a man
who bought the royalty before there was
any production, paying around " per cent
per acre for it. He said he needs money
ON another larger deal and would sell
the one per cent on the basis of $12 per
cent per acre. He figured that this well
making $50 barrels OF oil for 500 days
per year with oil at 1925 per barrel is
earning $57 800 per year and 10 roy
atty is earning 1915, since the owner OF
~ gets 81 out of every 500 earned.
Divide 1920 into 575 to determine the
rate of return. The answer rs about
20, meaning an earning of 20 per cent
per annum.
with only ONE well producing ON a
16O-acre tract, on which not less than 81
wells will be drilled, seemed TO him to
make this a bargain at $t2 per cent
per acre.
However, we did not figure it that
way. The well actually delivered ZOO
barrels last month. THAT is the ac-
tuaI earning rate: $1,000 per month.
IL it continued at that rate, 1t would
make 14,4OO barrels per year, worth
$4,000 per year and one per cent
ROYALTY would earn $3.50. Divide 1920
1.-THE cost of 1c) into $50 and we have
an earning rate of about 10 per cent
While it would be nice IL every well
would pay 10 per cent per annum and
half of the Wells were prOQ1ctAvOs inch
the developed farm would pay 100 per
cent per annum, which would not be bad.
However, it is impossible to figure that
way. A 15O-baFreI well does not con-
tinue to produce 100 barrels over
period of years. 1t won't always pro-
duce 75 barrels, nor 1900 barrels per
month. In dine course of time 1t will
be down to is barrels so the person who
figures FLUSH PRODUCTION as a rate
xnrfVf k.e, fffeQnn0infaN "A matter
how good the property may be. However,
how many places can one invest his money
here he can depend upon a MINIMUM
return of 10 per cent?
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1936-05-16

Man is the only aHimml shat can
be skinned more than oHee.
ese eess
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1936-05-16
Which Royalty

Our choice Of the three royalties was
No. 8. 1t involves the basic theory OF
investment in royalties.
We have frequently used the smile of
purchasing a share of all the oil in a
large tank. If we knew there was 3d.
900 barrels OF oil in a tank and could
buy 1 per cent of $4,000 or 5000 bar
rels for S1O0 If the oil were run out of a
one-inch pipe or for $500 IL the oil were
run out of two inch pipe, what would
we do?
Naturally, we would take the 800
deal. The AMOUNT of oil is the profit:
not the RATE at which IL flows from the
tank or from the ground.
The same thing applies to producing
royalties. The fact that a well is making
100 or 1000 barrels per day is an in-
centive to buy share OF the production,
but the thing that determines the pro
fit Is not HOW FAST the oil flows but
HOW MUCH OIL WILL BE ULTIMATE
LY RECOVERED.
The No. 4 proposition is a fair in-
vestment. We have seen royalties In this
same field purchased at two and three
times this price and they have paid out.
The No. proposition is likewise an
investment that is safe as government
bonds, i'm our opinion. Vet 1t viii pay
TWICE as much per dollar invested as
No. 4.
The No. s proposition is better than
either for 1t win pay out THREE TIMES
as much as No. and TWICE as much
as No. 2.
We consider that the three tracts will
yield about the same number of barrels
per acre. The YIELD PER ACRE is the
important factor. We will not attempt
to make an estimate of the yield. We viii
make $4,000 per acre as the factor for
purposes of figuring.
If tract No. 4 yields $4,000 mot
barreIs) per acre, 100 acres viii produce
a total of $4,000, 900.
II tract No. yields O,OO0 per acre,
$50 acres win yield $4,000, 900.
III tract No. yields $4,000 per acre,
$40 acres win yield $500, OOO--or If
only $50 acres produces, then 1t Will
yield 50, 100000.
To arrive at the yield of 10 royalty,
mark off two places on each total.
Royalty Investment 1lelu
No. ? sa.sOO $4,000
No 3 $1,56O $0AOOO
Figure that half of each tract viii not
produce or that the yield per acre VIII
be half that much. To be conservative,
cut that in two again. We still find the
No. 3 yielding more per dollar OF M
vestment.
The money that is to be made from
royalties comes from the purchase OF
oil in underground storage and selling
it for more than the cost. 1t is just that
simple.
The man who pays $50 per cent per
acre for a royalty on tract that VIII
yield $4,000 per acre won't make any
money, for his share is just $50.
The man who can buy for 81 per cent
per acre a royalty ON tract that Will
yield So, 900 per acre VIII make for
tune proportionate TO the number Of dol
lars invested, based on $50 return Tor
each 81 invested.
The No. royalty is one of the best
purchases OF the present season.
No plat win be issued TO the member
ship. Any who Is interested I'm particle
pating may obtain details by wiring.
The cost is 81 $50 for 40; $3.50 for
one half Of one per cent; $500 for
quarter of one per cent.
Details win be sent only to those who
wire. Deeds must be delivered BEFORE
the well now drilling is completed.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1936-05-16

UN HREE producing royalties came i'm
to our hands during the past week
~ which are interesting enough to dis
cuss with our members, all of whom are
interested in the science of buying roy
alties.
The royalties offered us were as
follows:
1. A royalty on 100 acres of proven
oil land with 1 producing well rated
at $50 barrels per day, flush pro-
ductiOn. 1t marketed 1900 barrels
last month. 1t is supposed TO be
prO-rated to 80 per nent, and this
is the first month 1t has marketed
any oil. Cost, 1920 for one per-
cent landowners royalty.
2. A royalty on $50 acres of proven
oil land with 1 producing well in
settled production, making about 30
barrels per day. 1t has been in pro-
ductiOn less than q year and has
made something over gil, 900 worth
of oil. 1t is prorated so per cent
at present. Cost, $4,000 for one per
cent landowners royalty.
8. A royalty on $50 acres of proven
oil land with 1 producing well seven
years old rated at around 10 barrels.
There is another well now drilling
ON the tract, due for completion
within the next two weeks. Cost
81 $50 for one per cent landowners
royalty.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1936-05-16

you can't steal second base ans
keep one foot on first.
80 . sse