davidaulloa/AmericanStories huggingface dataset:
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1937-03-27
EDITORIAL
CONTINUED From Page one)

$40 posted field price the Indian council will refuse
to accept 81 VIII pay everyone the
price the Robinson Paman law the Indian council
accept $26 find market for its OIL the
forces Rita pay posted field then all
royalty owners be paid posted field price.
International Refining Co. pleaded ignorance of the move ON
would whether it would buy royalty OIL
Santa Rita 1t doubtful whether British
American Imperial will buy this royalty oil, they cut
ting off Montana connections production developed IN
Canada
sale of this royalty oil More important
considerations stake.
Is the price of crude Montana high?
the posted prices in Montana actually sellers prices and
buyers prices?
In turn the price of gasoline in Montana too hight
Montana prepared to adopt the Midcontlnent basis
for prices Of both crude and gasoline?
price $126 the Mdconinent price for oil of 38
ity comparable with the Salt Creek price for crude of
similar gravity.
Wyoming S Mdconnent basis and Wyoming refners
compete with Group refined products.
Is Montana ready go the Midcontinent bassf
refner paying five cents under the posted
price OIL which that producers and
royalty receiving $5 per barrel for their OIL
compared with Santa Rita's price of $126
L. B. ONel California statement could be OBJ
apparent however that he and his Ockhod
Rita with $26 barrel for their oil
long they sell 100 per of the output of the wells
the victim of hamstrng operations for
many years. with Canada setting the for the crude and Pom
City setting the price of gasoline The of gasoline has been
M per gallon Montana while the price of crude
advanced five cents.
Montana needs things:
needs price leader the gasoline business
firm having appreciation of the changes the Montana o in
dustry.
oil fields posted field prices that indicate
BUYERS price and not SELLERS price.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1937-03-27

wei 1t Is reasonable to expect that
future drilling will give him a far
greater return per annum. But this
serves to "set up his investment.
There are many others who have
been in royalties longer who are re-
ceiving 100 per cent per annum on
their investments. They are the ones
who bought AHEAD or THE DRILL
and who had enough royalty on each
tract to pay an appreciable income
from the average producing well.
That is particularly true in Township
80, where many bought larger amounts
OF royalty than they could really af-
ford. AS development came, they
sold part and took a profit One
man sold some of his So royalty for
$25 an acre point and realized from
this and other sales enough to retire
his entire investment leavfng him
with more than half of his royalties
and NO investment.
A third and important lesson we
have learned over the years is that
THE PROFIT IS IN THE BUYING By
that we mean that we can determine
our profit by the price we PAY,
rather than the price we receive. If
a royalty is purchased on the basis
Of 81 an acre point and the tract
yields $4,000 per acre or 500 per
point, the profit is 10000 per cent
The man who paid $40 an acre point
receives a profit of only 1000 per
cent. Fortunes are made by those who
make the larger profits.
It does not follow that CHEAP
royalties are the thing to buy. The
man who restricted his investments to
ST royalties would likely be entrust
ing all of his money to wildcats. But
it is better to buy all wildcat royal
ties than to pay TOO MUCH for
producing royalty
There, again, the matter of INF0R-
NATION comes in. We try to impart
to our members something of the ma
thematics of royalties We pass on to
the all our fund of experience. We
frequently secure ADVANCE INF0R-
NATION on important developments.
We try to keep abreast of the times,
just as we visualized for our members
OAC PVSoADAAbACS "a dN1l416gAOA LII 1ACF-
in-Sunburst field, long before acidi-
cation was proven commercial in that
field. We CAPITALIZE our fund of
This is our sixteenth year in royal
ties and last year was doubtest our
most successful year. By that we mean
that our members purchased at the
lowest prices the most valuable roy
alties in all our experience We have
continued in business over these fiji
teen years because we have devoted
our energies successfully to the bust
ness of helping our members MAKE
MONEY. IF we had not been success
full in so doing, we would have long
since have been out of business. We
expect to be in business fifteen years
hence by virtue Of the success of the
investments of our members. So far as
our part is concerned, our NF0R-
one of our chief assets, has
grown hundredfold over the early
years
Our information and our experience
are available to any who wishes to
Join us. The cost of membership in
this organization is 81, which entities
the subscriber to receive all our pub
locations so long as he remains an &C
tive buyer of landowners royalties
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1937-03-27

Inere Is nOCnlng more valuable In
industry than INFORMATION.
It is only occasionally that an I'M
informed person will stumble into a
fortune. The vast majority of these
who work without information do not
make money. That Is particularly
true, we find, of royalty investors.
The most successful royalty inves-
tors we know are those who have a
definite plan and who carry out that
plan. Each man will shape his own
program but the one who buys roy
alties aimlessly will frequently find
himself all scattered out and with
less income than the man with less
investment who has followed definite
plan.
It does not follow that to be success
full an investor must LIVE in the oil
field where he is investing. We have
repeatedly made the assertion and we
assert it again, that the average
member of this organization, living
1000 miles or more away, knows
more about Cut Bank oil field than
80 per cent of the people living in
Inc GOWu OF CuG bduk.
A man with a contour map before
him, although 10000 miles away,
knows more about Cat Creek oil field
than the man who has lived in Win
nett all his life, if the latter has not
seen contour map knowledge in the
oil industry is not the SURFACE
but regarding SUB SURFACE condi-
tions. Many times it is a matter of
putting two-and-two together. The
conclusion seems simple after it is
proven but it is difficult, many times,
for us to see simple situation.
We recall the time when The Texas
company drilled its discovery well
on South Cut Bank. Located about
10 miles from the nearest oil well,
the Texaco-State was regarded as hav-
ing brought in a new oil field. Even
some geologists thought this to be
true. They figured a syncline south of
the town of Cut Bank, and the Texaco
well was supposed to be on another
high. A syncEne would mean WAT
Err in the Cut Bank sands between
the Montana Power Simero producer
on the north and the Texaco- State on
the south.
We talked with every geologist and
every operator We had a "hunch'
that the Texaco well was NOT in
new oil field. We knew that it had
the same sand: the Cut Bank sand.
There was NO WATER with the oil,
neither was there any water in the
Simero we'll
A glance at the map showed that
the well drilled proved that the
Cut Bank sand is a known buried sea-
coast and that the trend of the coast
was from northwest to southeast.
Every fact indicated that the Texaco
well was a SOUTH EXTENSION.
There were the simple faults of the
two and-two" situation. We rea-
soned that if we were to buy royal
ties on the lands between the Simero
and the Texaco- State we would be ON
THE SEACOAST and therefore in
probable oil land. We had to gamble
that there was no water between the
two wells. So we set out to buy roy
alties in Township 33-5W.
Here, again, we had to adopt still
another definite plan. We knew that
there was a gas-oil line. That is, a
place where the gas field ends and the
oil pool begins. Some sensational
wells like the Tarrant- Miller gusher,
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1937-03-27
INTERNATIONAL Stock In Trade

had been found along this line, but
short distance EAST ig this line,
wells came In as gassers. So we had
to watch this line. We adopted the
Montana Power Gas company's gas
hne,-en route to Butte across the
south field-as our gas-oil line. We
figured the WEST side of this line
as oil land and the area EAST of the
gas line as gas land. It was
THEORY, with no idea other than a
plan to work on We now know that
it was wrong. There is oil on the
East side of the gas line but the
theory kept us out of the gas or dry
areas.
After we had blanlzeted Township SO,
we started to work in Township 80
5W, in which township the "discov-
cry" well is located, but the opera
tors were too fast for us. We had
bought only four or five farms when
wells began drilling and completed
in township SO. Then before we could
get started in the next township south,
a well in that very township headed
US off.
However, by following a PLAN OF
ACTION we acquired for our mem
bers some of the most valuable oil
land in Cut Bank oil field. Royalties
have been re sold in this township for
from eight to twenty-five times as
much as we paid. Every tract we
bought in that campaign could be
turned over at profit of from 100 to
1000 per cent today. That means to
us the greatest successes in our his
tory, for we PLUNGED in that town
ship as we had never plunged before.
We have no claim to great fore
sight in this accomplishment. With a
known sand condition in a gently
folded plain, and with the presence
of oil in this sand established by two
producing wells, does it take much
foresight or intelligence to buy on q
basis of wildcat royalties situated BE-
TWEEN these two producing oil
wells? We do not think it does. Yet
when we confront people with a
PARALLEL case, it is surprising how
hard it is for many of them to see it.
One thing we have learned in these
10 years of ours in the royalty bust
ness. Whereas in the early days
days of uncertainty as to the extent
of oil pools-we urged our members
to make their investments COVER AS
MUCH GROUND AS POSSIBLE, we
are now turning around and trying to
get our members as much royalty on
ONE proven tract as possible.
In areas we KNOW to be oil land
we would rather see a member buy
ONE PER CENT ROYALTY, even
though that be his only Investment of
the season, than to see him take a
small fraction of one per cent on sew
eral tracts. Recently we picked up a
producing royalty on producing
tract for $500. Our first impulse was
to divide it up among eight members
Then we decided to let ONE member
have it all. 1t will pay him fine
return on not only this investment,
but will put his ENTIRE royalty in
vestment on a good dividend basis.
To the man to whom we offered this
royalty it means that his entire roy
atty investment will be on an 8 per
cent basis, even if none of his other
properties produce him dollar. The
yield on the $500 investment is of
course much greater, but he should
look at his TOTAL investment Since
this return was coming from just ONE
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1937-03-27

A temperance lecturer was wax
ing very eloquent and intermixing
his sermon with concrete examples
OF abstinence. III you lead q
donkey up to a pail OF water and a
pail of beer, which win he chOOge
to drink"
At which climax a heckler in the
audience grabbed the speakers
punch line by shouting out, 'The
water OF course"
Hoping to shut up the annoyance,
the lecturer ventured the question,
"And why. my good man, did the
donkey choose the water?"
Like a flash come the heckler's
response, Because he's an ass"
A buck Indian happened into the
Cut Bank Cafe and ordered
ham sandwich. Peering between
the two slices of bread, he asked
the waiter-"Ugh, you slice EN-
ham,"
Eyes. sliced the ham," the
waiter replied.
ugh" grunted the Indian. "You
damn near miss EN-"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1937-03-27

ing recently and was met at the
door, by his 3-year-old grand
daugfter. She looked at the gun
shine and then at Lon and said:
"GrandRd, let's go fishing"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1937-03-27

Another sign Of spring: Lon
Crumley went to the home OF his
son. Everett, on one of the few
afternoons when the sun was shin
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1937-03-27

Mother is the necessity for con-
vention.
It's always dullest just before
the yawn.
A fool and mis- money are soon
party-ed.
Imitation is also the --LATEST form
of sincerity.
The Republican. [volume] (Oakland, Md.) 1877-current, 1937-09-09

that girl is one of our members: She
qualified on that remark.
What did the lady say about Flan-
din? Oh, she said that tablets like
that were all right if you couldn't
sleep.
AS a matter of fact some of our
members seem to get into the club just
in time. They look sick and worn out
when they come in and in week or
two they quit worrying about the
Polish Corridor, and they think the
Belga Is the name Of movie star
and they're all right.
What do we do at the meetings?
Come round some time and see. We
have lunch meetings and evening
meetings, too; generally have paper
or a discussion, anything, as long as
the members don't know anything
about it and don't care. We're having
a lunch on Disarmament Wednesday.
And of course in way we're a "serv-
ice" club. At least we're pledged to
do something for the Riddles. We had
a smoker for them, last time-you
know, to raise money for the Scouts,
great little fellows! But we lost out
on it; the cigars cost too much. We
had to borrow out of the little fellows
savings bank to get even. But well
fix it all later. AS McSorley said,
"Boyhood is sacred" Well see they
get their money back. We can raise
it from their parents. We're just
starting up a Summer Camp for Under
fed Kids. Some of us are going out
next Saturday to see how the food is,
and If there is fishing for the Riddles.
But come to any Of the meetings
and you'll see. The best thing we've
started yet is out Legion Of Humor.
No, not honor, "Humor." It's a yell
low ribbon the color of spilled egg; it
goes on the lapel of the coat. When
ever any statesman or politician
makes a special speech, the thing
called a vital pronouncement," we
send 1t to him. But come round some
time.
q Stephen Leacock-WNU Service
The Republican. [volume] (Oakland, Md.) 1877-current, 1937-09-09

About the middle of southern Nor
way there rises from the great central
plateau a vast wilderness of peaks and
glaciers, interspersed with hundreds of
brooks and lakes, teeming with trout.
The stupendous national park-for
that is what it really isis the Jotun-
helm, name which means the Home
of the Giants. In the Morse mythology
it is considered the home of the Jotuns
(giants), trolls and other enemies of
the good gods, consequently the home
Of everything evil. Except for a few
hunters, no one had seen much of this
dreaded district until a little more
than 100 years ago, when two scien-
lists of Oslo discovered" it.
The Republican. [volume] (Oakland, Md.) 1877-current, 1937-09-09
ADMINISTRATORS Sale
Personal Property

l will offer for sale at the Franklin
A. Brobst farm, on the Swanton-Bit-
finger Road, two miles northeast of
Swanton, on
THURSDAY, SEPTEMBER 9, 1887,
beginning at the hour of one o'clock
p. M, all of the following personal
property of the late Franklin A.
Brobst:
One Parlor Furnace, 1 Cupboard, 4
Chairs, Rocking Chair, 1 Clock, l
Organ, 2 Stands, 1 Dinner Bell, Gull
tivator, 1 Double Shovel Pillow, 1 lot
of Junk, Telephone, Radio, 2 Grind
stones, 2 STRAINS Sleigh Bells, 1 set
Buggy Harness, Saddle, pair Bob
sleds, 2 Sets Harness, 1 Windmill, l
Cutting Box, Hay Forks, Land
Roller, 1 Surrey, Calves, 2 good
Milk Cows, 5 Yearlings, l 3-year-old
Durham Bull, 6 head good Stock Ewes,
1 Ram.
TERMS OF sALE-Cash on day of
sale.
HATTIE M. BROBST, Administrators,
Swanton, Maryland.
W. R. Browning, Auctioneer.
Advertisement 29-2t
The Republican. [volume] (Oakland, Md.) 1877-current, 1937-09-09
AVILTON

Notwithstanding the fact that Sun
day was very disagreeable day, there
were people from Mount Pleasant,
Pittsburgh, Pa; Piedmont, w. Va;
Westernport, Mount Savage, McHenry
and McKeesport at the Merrill family
reunion. Mrs. David Merrill was I'M
able to be present on account of ill
ness and the condition of the weather.
Mr.. and Mrs. Robert Grove, Mr.. and
Mrs. Charles burst are spending a
few days in Cleveland, O., with rela-
tives.
Orville Stark and o. S. Fike were
in Oakland Saturday on business.
Mr.. and Mrs. Gilbert Mckenzie were
here Saturday with Mr.. and Mrs. Jesse
Merrill.
Mr.. and Mrs. Samuel Hummell and
family, of McKeesport, Pa, spent last
Sunday night with the Fike family, re-
turning to their home on Monday.
Miss Jennie burst was a guest at
the Orville Stark home on Monday.
Mr.. and Mrs. Hillary Broadwater
and family spent the weekend here
with their parents, Mr.. and Mrs. Lewis
Broadwater.
With the help of some of the neigh
bors and Henry Wiland as chief car
penter a granary and chicken house
was rebuilt on the Fike farm to re-
place the buildings which were de-
stroyed by fire last week. A fine horse,
The Republican. [volume] (Oakland, Md.) 1877-current, 1937-09-09
Executors Sale
Of
VALUABLE REAL ESTATE
Situate in the Town of Grants.
vile, Garrett County, Md.

Under and by virtue of the powers
vested in me by the last will and tesla
ment of Mortimer Smouse, late of
Garrett County, Maryland, deceased,
and orders of the Orphans Court for
said Garrett County, 1 hereby give
notice that on
Wednesday, September %, 1897,
at the hour of two-thirty o'clock p
M, in front of the dwelling located
in the town of Grantsville, in Garrett
County, Maryland, I will offer
for sale at public auction to the high
est bidder The MORTIMER SMOUSF
PROPERTY, located on the South
side of the National Pike, adjoining
the Methodist Church property.
This property has a frontage of 1872
feet along said National Pike and ex-
tends back to a depth of 165 feet.
There are two unimproved lots with
frontage of 60 feet each at the West
end of the property next to the Meth
odist church, while the third lot is
improved by a two-story frame dwell
ing of eleven rooms and bath, with
cellar. This dwelling has a hot water
heating system, is in good state of
repair and can be used either for
dwelling or boarding house purposes.
It is conveniently located near the
center of town.
Said property will first be offered
as whole and then if there is no suf-
ficient bid the dwelling property and
the two vacant lots will be offered
separately. Prior to the sale, full OPP
portunity to inspect the dwelling will
be given upon application to the I'M
dersigned or the tenant now occupy
ing the same.
TERMS OF SALE-One-thir down
at time of purchase and the remainder
on easy terms, if desired, the same to
be arranged by the purchaser and the
undersigned. The right to reject any
and all bids is hereby reserved.
DANIEL P. SMOUSE, Executor,
Oakland, Maryland.
advertisement 30-3t.
The Republican. [volume] (Oakland, Md.) 1877-current, 1937-09-09
Few Glaciers Survive

Only 60 remnants of glaciers now
survive in Glacier National park as a
reminder of the time when the entire
region was covered with ice. Climate
of this region was once almost tropi-
cal and infested with dinosaurs, &C.
cording to the American Nature asso.
citation, but as mountains appeared the
weather grew cold. More snow fell
than the summers could melt and it
gradually packed into fields Of ice.
1t is estimated that the ice in the
valleys was once over 1000 feet deep.
But the climate warmed again and
the melting ice left one of Americas
most beautiful parks.-Pathfinder Mag
azine.
The Republican. [volume] (Oakland, Md.) 1877-current, 1937-09-09
NOTICE.!
Solicitation of Sealed Bids for
Supplying Coal for Court
House and Jail

NOTICE IS HEREBY GIVEN That
the Board of County Commissioners of
Garrett County, Maryland, will receive
SEALED BIDS until 1900 o'clock
noon on
THURSDAY, SEPTEMBER 80, 1887,
for supplying coal for the Court House
and Jail for the period from Septem-
Der 80, 1887, to September 1, 1888.
Coal furnished is to be produced in
Garrett county, of good quality and
satisfactory to the Janitor and to be
approved by the Board of County
Commissioners.
The right is reserved by the Com
missioners to reject any or all bids.
By order of the Board
w. G. MEYERS, Clerk.
The Republican. [volume] (Oakland, Md.) 1877-current, 1937-09-09
OUR IGNORAMUS CLUB
BY STEPHEN LEAcocK

r. YER since we started in our
II town our new IgnOramus Club,
of which I'm the secretary, 1
am stopped on the street by
people asking, "What is it? What is
it? How do 1 get in?" And letters
I'm simply bombarded by them-four
yesterday and two more today! AS
soon as it got round that there was
no fee, there was just sort of STAN
pede to get in when we sat down at
our Wednesday Luncheon meeting to
hear talk on Abyssinia (its out west
in Canada: the man had been there)
counted over hundred present, and
more came in after the tickets were
taken up.
People get into the Ignoramus Club,
you see, on their brains, or at least
on their minds, the kind Of minds they
have. We do it by question and an
swer, just by questioning the people
who want to get in and seeing if they
have the right qualifications. For ex-
ample, yesterday after the Lunch we
asked an applicant what was his idea
of Mussolini; and he said that he was
pretty sure it was an artificial silk
made in Italy and used for lingerie!
Ho got in. That is exactly what the
Club wants. You see 1t started from
the idea that the world is all over
worried and preoccupied about peace
and war, and nations who live God
knows where, and economics and I'M
employment. People just grab for
their paper in the morning to see
who's in the Polish corridor, and
what's in the Saar Basin and whether
the plebiscite among that Last will
keep them Lats or turn them into
Stats.
It's too much. We think the worlds
going crazy. Our President, McSorley,
put 1t that way. "Going crazy!" he
said, just like that, swapping his fin
gers, "going crazyw And McSorley's
fine. It's all silly about his ever
having been in an asylum, because he
wasn't. 1t wasn't an asylum at all,
just a place! McSorley could have
had the biggest law practice in town,
but he was too versatile for 1t. He
still has his office, and rows and rows
of books in calfskin. He Sits there
most Of the day, working puzzles. So
of course, when we started the Ig-
noramus Club he was just the man for
President.
Well, we have got together on the
basis of complete ignorance of all
this foolishness. We don't know
where the Polish Corridor is and we
don't care. Ask us where Manchukuo
is and we just laugh! Just break out
silly and laugh! You see, we don't
Ia nee 19E'-~ where it is and If you told us
we'd forget it tomorrow and think it
was somewhere else. In fact we are
just like everybody used to be before
the world went crazy.
At the last meeting somebody asked
one of our lady members something
about Flandin. Do we have ladies'?
Well, do we! What do you. think we
are, professors? OF course we have
lady members, real peaches, and not
one knows where Paraguay is, either,
and they think that Chaco is chewing
gum. Perhaps you saw in the papers
the other day the story of how a man
said to girl at dance, I'D like to
lsk you for dance but must confess
I'm just a little stiff from Polo," and
she said "Oh, that's all right, l don't
care where you we're born" Well,
The Republican. [volume] (Oakland, Md.) 1877-current, 1937-09-09
Army's Military Enpineers

The need for military engineers was
recognized in the War of the Revolu-
ton, and General Washington was au-
thorized to raise, officer and equip a
corps of engineers. The corps was
mustered out of the service at the close
of the war. Commencing in 1894 a
corps of combined artillerists and en-
gineers had brief existence, but the
union was discontinued by the act OF
congress of March 1G, 1902. which for
mally established the Corps Of Ensl.
neers.