davidaulloa/AmericanStories huggingface dataset:
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-11-05
Savings

If we save $4,000 and invest it at
~ per cent, it brings us less than $50
per month.
Getting down more nearly to the level
of the average, we find $1,000 invested
at "A per cent brings $3.50 per year
We have a royalty of / percent on
so acres that has one little dinky 10
barrel well on it that earns $50 per
year. We paid S40O for it, Perhaps that
was too much 1t was a speculation
when we bought it and it will be a spec
ulation until all the oil is produced from
every horizon down to the granite. The
earning rate isn't much, as it will take
13 years to pay out if no more wells
are drilled However, there are at least
nine more locations to be drilled to pres
ent producing horizons. More wells will
be drilled, we know.
Should the next well bring production
IN to 90 barrels per day, that will mean
$50 per year or S12 per month income
If in the drilling of these wells produc-
tion is built up to 80 barrels per day
but that suggests another tabulation.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-11-05
PUT REFINERS IN
STATES COMPACT,
THOMPSON ARGUES

TUIISA-Western Petroleum Re-
finers Association met Wednesday
to consider the proposal that the
Interstate Compact be expanded to
include the refining branch of the
petroleum industry, as proposed by
Col. E. o. Thompson, chairman OF
the Texas Railroad Commission and
of the Interstate Oil Compact.
Thompson, attending the meeting,
declared refineries were to blame
for the recent price cuts He reiter-
ated the statement that refiners
had made 20 million barrels too
much gasoline to produce 1000, 900
barrels of heating OIL
THE producers who had been do
ing a good job, were punished for
the lack of business craftsmanship
of the reffners," he declared.
Thompson said that the independ-
ent producers and refiners definitely
have the ear of the administration
and that while it may be true also
of the majors that the independ-
ents have about mine tenths of that
ear"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-11-05
YUKON STARTS

Confined from Page onel
coming up onto the sweetgrass
Arch from the northwest is believ-
ed responsible for the accumulation
of oil in North Cut Bank which
is IL miles distant from the main
Cut Bank oil field and seven miles
from the Border-Red Coulee oil
field. The nearest oil well on the
south is the isolated Glacier-Pro-
duction-Heiland producer in Section
27-36-5W, six miles distant.
Development of North Cut Bank
has been delayed by lack of mar
ket and the fact that a north off
set reported a flow Of water in the
Cut Bank sand. Not until after the
completion of the Cobb gasser did
the district again come under
gcrutiny. Most of the leases are
held by Yukon, Glacier Production
Co. and the Cobb-Hastings inter
ests.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-11-05

make US all the more satisfied that we
have adopted the purchase of landowners
royalties as our own method of caring
for the future.
We took time out to figure what
man can do with modest savings such as
we accumulate from a normal wage or
salary. The man who has 500 saved
should put it to work for him, knowing
that money can make him more money
than he can make with his own hands.
At 315 per cent interest we find 500
would earn him 1925 per year. We car
ried out the table:
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-11-05

John r ONeil has done right
we'll in the oil industry, but a sus-
Dicion persists that he is more
proud of the fact he was mem
her of the American Olympic Rug
nv football teams which won the
world title medals in 1920 and 1924.
Mr.. ONeil left the University oil
Santa Clara to serve two years oy-
erseas with the Fourth Division in
the World War. Upon his return
he entered the livestock business
in California. continuing his ac-
tivity. however, in football sport,
which had engaged his enthusiasm
at college.
Mr.. O'NeI entered the oil bust
ness in Montana with his two broth
ers. Louis B. and Ignatius P.
ONefI They operated as the Inter
national Refining company and sold
out to the California Petroleum
Corporation for $5,O0O,OO0. In 1880
MI ONeil moved to San Antonio,
Tex, and took part in the oil de-
velopmhnt of Southwest Texas. Dur
ing his association with the late
G. w Atkins in the Santa Clara
Oil & Development Company and its
successors the wellington Oil COM
pany. Ltd, he shared in important
discoveries of that region. includ-
ing the prolific Seven Sisters and
Iona Vista fields in Duyal Coun-
ty and the Clara Driscoll, London
and South Clara Driscoll fields in
Nueces County
With extensive production in the
Laredo district and the lower Gulf
Coast. Mr.. O'Neil has been turn
ing his attention to the chalk pro-
ducing region west Of San Antonio,
where the Wellington company
holds large leases.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-11-05

Johnson Ito friend): well, and
how's the world treating you?"
Friend: Seldom.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-11-05

We do not expect this to be a Baker
royalty, a Howling royalty, a Stannard
a Byrne or any other unusual royalty
with a production of THOUSANDS of
barrels per day. That would be nice of
course, but the important factor is the
amount of oil stored under that 80 acres
Whether it comes out fast or slowly
we know there is a given amount of re-
coverable oil.
We know that if an operator is willing
to spend $4,000 in drilling a well, he
expects to get back at last that amount
and If he is going to make any money at
all, he will expect to double or treble
that investment While he is getting
$4,000 worth of oil he will pay the
owner of % royalty the sum of 5000.
If he gets $40. 600 worth Of oil he will
have drained $4,000 worth of oil from
each of the 10 acres his well drains
The operator is expected to do more
than guess about oil content in a given
sand and he hires biologists and petrO-
leum engineers for that reason If ne is
a responsible operator it is fairly safe
to follow the judgment Of the operator in
guessing the amount of oil under a Civ
en- tract. However, we know at all times
the relation of our investment in royal
ty to the total oil content As an ex-
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-11-05

My girl" said Harold proudly
lis a decided blonde"
Yes" said Madge. Il was with
her when she decided"
rs your watch going?" said she,
stiffling a yawn.
Yes" he replied.
How soon?"
She: Do you know what the boys
have been saying about me?
He: What do you think I'm here
for?
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-11-05

the theory that you can find what
ever you want when You don't want
II by looking where 1t wouldn't be
if you did want it."
Stranger-Ten me, have any big
men ever been born in this city?
Brushville Native-NO, sir, only
babies.
Ion: Have you noticed how
much better I rest after a days
fishing?"
Mrs. c.: "No; but I've noticed
how much easier you lie after a
DAYS fishing than upon other days. 4"
First Gold-Digger: Sorry; 1
hear Eddy has a lot of money"
second GOld-Digger: sorry; I
heard it first"
Johnson Ito friend): 'fWell, and
hows the world treating you?"
Friend: Seldom.
The ability TO speak several
is valuable, but the
ability to keep your mouth shut in
one language is priceless.
The average man Is a dame fool.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-11-05

Here our tabulation stops because the
man who invests in royalties must depend
upon the AVERAGE rather than the
large producing tracts None knows def
nitely which tract in an oil field will be
a large producer, so it is necessary to
deal with the average of the best and
the poorest It's best not to build up
hopes on a large recovery but 1t is inn
perative to know that the investment
can be retired by normal average pro-
duction.
Also, we may HOPE as well as believe
that Montana like other oil producing
states will have production at horizons
below the top of the big lime. We feed
our hope on such news as the report this
week of a producer in Alberta, $50 miles
north of the Montana line, at 10 ,205 feet.
which makes our average Kevin-Sunburst
we'll of 1600-foot depth look like a mere
posthole Should deep production come,
then our speculative tabulation moves
upward. still remaining within the realm
of reasonable"
Investment in royalties is investment
in NEW WEALTH Oil as it comes from
the ground is unused wealth that helps
enrich the nation. 1t is the life blood of
the greatest agency for profitable en-
ployment for men in the industrial his
tory of the world The purchaser of
royalty buys and receives a deed to a
given share of all the oil and gas that
may be recovered from that tract of land.
Oil is one commodity that can be kept
safely in the ground without loss when
ever the market price is too low. A crop
of potatoes must be dug or lost A crop
of wheat must be harvested and once har-
vested it must he sold, no matter what
the market price But when the price of
oil drops to the point of the cost of lift
ing a barrel of oil to the surface. then
selling stops, for the operator cannot
long produce oil at a loss. The oil stays,
unchanged, in the ground, to be mar
keted when the price goes up.
Under the complex new social condi-
tions under which we are living, we can
see no safer investment that in royal
ties That does not mean that man can
invest 500 and retire rich Neither does
it require $4,000 or $4,000 to get
properties which may provide a long
time income sufficient to augment social
security payments in our old age.
The present is a time of opportunity
for royalty investment Proof of this
statement is contained in recently issued
offering sheets which have described
properties which can be bought today
for the low prices paid in the worst years
of the depression. The crude oil market
situation growing out of the loss of the
Canadian market is responsible for this
condition which spells great opportunity
to the investor who can see ahead a few
months to the time when there will be
a market for all of this oil
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-11-05
CAPITAL ON STRIKE

ample. we know that if the ground con-
tains 1000 barrels to each acre, the
owner of 10 royalty will receive 10
barrels from each acre. The royalty in
weston buys on the basis of the "acre
point. He may pay 50 per cent per ac-
re. meaning that the tract must produce
100 X 81 or $500 worth of oil to pay
him back. When the tract has produced
1 900 barrels to the acre, the owner of
IL royalty has received 10 barrels and
if this is worth 81 per barrel, he has re-
ceived $40 on his investment of $2-or
whatever his cost per cent per acre. That
leads to another tabulation:
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-11-05

Sailor: Ye amt sick are you?
PASSENGER: Not exactly, but I'd
hate to yawn.
Speaking OF the wonders Of sci
ence, we read recently Of a baby in
New York that wasn't growing as
it should. After trying several dir
ferent diets, the child was given
elephants milk. BY the time It
reached the age of six months it
weighed two hundred pounds! But,
OF course-it was baby elephant.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-11-05
Resume Old Test

The old well on Coal Ridge an
ticline, south of Great Falls, has
been taken over by the E. B. NJ
Oil Co. which reports depth of 1850
feet. Location is on the Belts farm
in center north line NWA SEA
Sec 24-1S-4E.
Whitehall Oil & Gas-Wiley No. 2,
NV NEA NWA 1O-36N-5OE, on
Whitehall structure in northeastern
Montana, has deepened from 1884
to 1928 feet.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-11-05
NEW TEST

CONTINUED from Page Onel
deep test has been held up by me-
chanical difficulties which forced
the loss Of the Cham Erickson
No l hole, SW SEA SWA S-27-
4W. In trying to pull the 6-inch
casing to underream S-inch hole to
shut off water in the top of the
lime, the casing became frozen"
and finally ended up with the loss
of the hole
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-11-05

Girl friend: What does 'daven-
port suggest to you?"
Boy friend: "A city in Iowa.
"Can you give me an example of
wasted energy"
Yes. Telling a hair-raising
story to a bald-headed man"
Brown: Your wife is a very
systematic woman, is she not?"
Jones: Yes, very. She works on
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-11-05
John O'NEIL RATES PLACE IN
NATIONAL TRADE PUBLICATION

ONei former MOI
IN the OIL Gas
recognition through MS
neratons in developed sew
eraln fields.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-11-05
RepOrt Water

An S,000-barrel flow OF water IS
reported from the top of the lime
at the Hunt No 8 well on Hobson
dome, NV SEA NEA 3O-14N-15E.
The last reported depth is 1870
feet.
Worcester Democrat and the ledger-enterprise., 1938-09-30

While the unemployed are eligible for
unemployment benefits they are not
given WPA employment or relief;
hence, these agencies when they re-
ceive applications, first ask the I'm
employment Board for information as
to the status of the applicant. These
inquiries imposed so much unexpected
work on the Compensation Board that
the Contact Department was organic
ed soon after benefits became payable
to supply accurate information from
the files of the Board.
The agencies applying for informa-
ton are supplied in each case with
the amount of weekly benefits, if any,
the duration and also the date when
the first benefit check will be due.
During the waiting period the most
needy are given relief and many cases
are again taken up after the Compen-
sation Board benefits have been ex-
Worcester Democrat and the ledger-enterprise., 1938-09-30
new CHAPTER IN
CRAFTSMANSHIP
BY GUARlSMEN

The crack shots of the Maryland
National Guard, picked from seven
widely scattered cities and towns,
wrote a new chapter in history on the
face of the targets at Camp Perry,
Ohio.
The National Guard Team, firing in
the National Rifle Team Match, fea-
ture of the three week firing of the
National Rifle Matches at Camp Per-
ry, Ohio, won the coveted Hilton
Trophy.
This is the first time that Mary
land team has brought home major
trophy from Camp Perry or won a
Class A rating. To win the Hilton
Trophy the Maryland team defeated
so other National Guard teams, and in
the final tabulation placed ninth in a
list of 125 teams.
Members of the team from the
counties of Maryland were: Captain
Victor P. Gillespie, Co. "K", 1st In
fantry, Centreville, Team Coach; 1t.
William L. Spicknall, Co. "F'', 1st In
fantry, Hyattsville; Corp. Philip D.
Lines, Co. "I", Ist Infantry, Salisbury;
Sgt. Paul L. Redden, Hq. Co. 1st Bn.,
1st Infantry Easton; Pvt. Claude N.
Cline, Co. "G", 1st Infantry, Cumber-
land, and 1t. George R. Ash, Co. "E''
1st Infantry, Elkton.
Members of the team from Baltl-
more were: Captain VIM. T. Terry,
Team Captain; Sgt. Carl M. Schneider,
Capt. Hiram D. Ives; Sgt. Robert L..
Murphy; Pvt. John L. Glanville, Corp.
Garnett G. Murphy, Capt. John Kell-
ner and 1st Sgt. Edward J. Coffin.
In winning the Hilton Trophy the
Maryland Team scored 2693 points
out of a possible 5000.
Feature of the match was the SEN
sational shooting of Pvt. Glanville,
who scored 90 out of a possible hun
dred on the 1000 yard range. This
was the best score made by any of the
1850 men taking part in the match.
Corporal Lines returned to Sails
bury laden with individual medals.
Displaying the same form that he
showed during the State Rifle Match
es at Camp Ritchie in August, he
won the State Medals in four matches.
These were:
Worcester Democrat and the ledger-enterprise., 1938-09-30
$4,000 REQUESTS
FOR INFORMATION
OF COMPENSATION

More than $4,000 requests for infor-
nation have come to the Contact De-
partment of the Maryland Unemploy-
ment Compensation Board since the
first of January last. These inquiries
have come from the Baltimore City
Department of Public Welfare, the
WPA, the Baltimore City Probation
Department and from the welfare de-
partments of several counties. From
the city Department of Welfare alone
more than 1900 requests for infor-
nation have been received.
These inquiries relate to the ques-
tion of the eligibility of work or re-
lief applicants for benefits under the
Unemployment Compensation Act
Worcester Democrat and the ledger-enterprise., 1938-09-30

studies at Stuyvesant School, Warren.
ton, after spending the summer at his
home here.
Mr.. and Mrs. Walston Tyler, OF
Pulaski, Va, spent last week with MI
Tyler's sister, Mrs. William P. Bell
Mr.. Donald NJ. Shute of Norfolk
spent the weekend in the home OF
Mrs. Edgar d. Fletcher.
Mrs. Charles w. Hill has I9turned
to her home in Rome, Ga, after spend
ing the summer with her sister, Mrs.
Thomas S. Forbes and the Rev. Forbes
The Rev. and Mrs. J. H. Binsted
and Mr.. Roley Lee Holland attended
the B. T. U. Workers Conference, in
Lynchburg, Va, last week.
Miss Mary Virginia Byrd spent the
weekend in Parksley.
Mrs. Kathryn C. Ross has returned
from Memorial Hospital, NassawadoX
where she has been for treatment,
and is getting along very nicely.
Mrs. C. Lester Drummond enter
tanned in her home in Parksley, at a
miscellaneous bridge shower, last Sat-
urday night, for Mrs. William j.
Roache, Jr., (nee Emily Elizabeth
LeCato). Those playing were Mrs
John w. Ames, Mrs. ]. Lester Parws,
Mrs. Roland Waterfield, Mrs. S. Far
ring Rev, Mrs. John r. Drummond,
Mrs. Morris Drummond, Mrs. Herbert
Barnes, Mrs. William J. Roache, Jr.,
Miss Katherine West, Miss Virginia
Benson, Miss Jessie Martin and Miss
Pearl Duncan.
Mr.. and Mrs. w. D. Tracey Gar
diner of Washington, D. c., spent this
week with Mrs. GARDENERS parents,
Mr.. and Mrs. William T. Bond.
Mrs. Thomas w. Nelson is spending
this week with friends and relatives
in Baltimore, Md.
Mrs. Elic Kelley of New Church is
spending this week with her parents,
Mr.. and Mrs. Alma J. Fox.
Worcester Democrat and the ledger-enterprise., 1938-09-30
NATIONAL LETTER
WRITING WEEK
OCTOBER 2 TO 8

Postmaster Ernest Green announces
the designation of the week of Oc-
tober 2 to 8, 1888, as National Let
ter Writing Week." The Post Office
Department, in conjunction with Manu-
facturers and Business, is encouraging
letter writing Every effort should be
made to reply promptly to correspond
ance and thus overcome the fault
common to all, to put off writing the
letter that has been promised, or is
long overdue.
Centuries ago the art of letter
writing was almost lost, and intellect
ual progress at a standstill. Through
a reveival of communication, there
was a revival in commerce which
brought about a general moral uplift
of the people.
National Letter Writing Week
should revive our general interest. A
letter to someone gives the same thrill
as experienced upon the receipt OF
one. Praise, encouragement, interest
consideration and gratitude may be
conveyed by letter. It does not mat
ter how or what is said, but its beauty
lies in the fact that it is letter.
No business, no Individual, built on
the "write-a-letter" rule has ever fail
ed. You get letters back. You get
help from unexpected sources, and all
that is given in a letter will be return
ed thousandfold.
The most useful of all the arts is
letter writing. A personal letter is
good to get, for it needs no excuse.
Worcester Democrat and the ledger-enterprise., 1938-09-30
MAGAZINE CAMPAIGN

In order to raise enough funds tc
purchase films for the motion picture
protector which was purchased last
year (partly) by money earned from
a magazine campaign) the school Is
now holding another magazine cam
paign.
This campaign is in charge of the
Student Council at whose head is Hell
en- Carey The campaign is being held
as a competition of salesmanship be-
tween all home rooms.
A prize, a five pound box of candy,
was given to the home room selling
the most subscriptions the first night.
Mrs. Wilson's home room, comblna-
tion of the fifth and seventh grades,
was the lucky one.
Up to date, the school has sold
about $45 worth of subscriptions. How
ever, much more money is expected
to be collected before the closing date,
October a.
The Curtis Publishing Company,
which is in charge of this campaign,
has put out a grand prize for the
person selling the greatest number OF
subscriptions in the district consist
ing of Maryland, Virginia, and West
Virginia. This grand prize is trip
to the Worlds Fair to be held in New
York in 1889, providing passage and
expenses for the winner and chape-
rome.
We hope that the people of POGO
moke will help some one from our
school to be the lucky winner.
SOCCER PRACTICE BEGINS
Last Thursday Pocomoke High
School officially began fall soccer
practice. About thirty boys reported
to the coach, Mr.. Farson.
Several of last years players who
will be greatly missed this year are
Robert Allen, Paul Merrill, Curtis
Callahan, and Bob Paxson.
Mr.. Farson must find material to
build complete new line from the
host of inexperienced players. The
backfield situation is a bit more en-
Tightening, however, for the members
of that part of last years champion
ship team are still in school.
WELCOME
Although three weeks of the school
year have passed the staff still wish
es to welcome the teachers and pupils,
especially those who came to POGO
moke High School for the first time.
Mrs. Mason, teacher of Mathematics
Worcester Democrat and the ledger-enterprise., 1938-09-30
Stockton News

Mr.. Elwin Pilchard of Wilmington
spent the weekend with his parents.
Mr.. and Mrs. H. C. Pilchard.
Mrs. Preston Hudson and children
visited Mr.. and Mrs. Robert Powell
at Greenbackville, Sunday.
Mr.. and Mrs. Roy Guthrie and
daughter, of Fruitland, were dinner
guests of Mr.. and Mrs. James Nichol-
son, Sunday.
Mr.. and Mrs. Russell Silverthorne
and daughter and Mr.. and Mrs. Gin
ton Taylor and little son, of Silva,
were guests Sunday of Mr.. and Mrs.
J. C. Outten.
Miss Elizabeth Hickman spent the
weekend with her sister, Mrs. Robert
Pusey at Pocomoke.
brand Mrs. r. M. Mock and fam
lily of Salisbury, were guests Sunday
of his parents, Mr.. and Mrs E. E..
Mock.
Mr.. and Mrs. Elwood Pusey and
little daughter, of Box Iron and Miss
Agnes Wade of Greenbackville, spent
Sunday with Mr.. and Mrs. Alfred
Birmingham.
Mr.. and Mrs. Roy Justice and chill
dren of Horntown, visited her father,
Mr.. John Iliffe, Sunday.
Mr.and Mr.. John Kunkle spent the
weekend with relatives in Frederick.
Mr.. and Mrs. Milton Barnes and
Worcester Democrat and the ledger-enterprise., 1938-09-30

The Navy Cup Match; the Coast
Guard Match; The Leech Cup Match,
and the Scott Trophy Match.
1t. William L. Spicknall won State
Medals in the Wright Memorial Match
and the National Individual Match.
The National Rifle Team Match was
the elimination of three weeks train
ing and matches at Camp Perry. The
first week was allotted to the Small
Arms Firing School, which all mem
bers of the Maryland team attended.
The second week was given over to
the National Rifle Association Match
es, and the third to the National
Matches.
Members of the Maryland Team will
be entertained at a dinner after Ma
jor General Milton A. Reckord returns
from the West Coast. The Hilton
Trophy will be formally presented at
this affair.