davidaulloa/AmericanStories huggingface dataset:
Montana oil and mining journal., 1938-03-19

money in the purchase of one, two or
even five percent royalty on a single
tract and over night he is getting a
greater income from this ONE investment
that we have from a DOZEN or more
properties. The reason is that he gets
a large share of all the oil produced
from that tract and his profits are more
rapid.
Yet in this day of income tax head
aches, we believe it better to have the
returns come more gradually and from
a broader expanse of holdings. In other
words, the man with 10 royalties NAV
have the oil reserves of 1000 acres to
earn his profits of years to come. The
man with one large percentage of royalty
on 80 or 100 acres or even 800 acres
knows that with the exhaustion of the
oil from that one tract he will be with
out income.
However, we are inclined to favor,
where obtainable, a royalty as large as
% on as many tracts as the investor
can afford. 1t is seldom that we divide
royalty down to 1/16 of 70. This. we
figure is too small. Our minimum of
1/S of 10, which we have designated
as unit is small enough. Division
OF 1 % royalty among 16 persons is
usually the result of demand from our
members. Where we have only % roy
atty, covering particularly promising
ground, and there are more than eight
persons demanding a share, it is neces-
sary sometimes to cut the 10 royalty
into 16 parts, rather than eight
Ordinarily, one per cent royalty would
not be worth handling in view of the
large number of members. but oddly
enough our best bargains come in small
lots. The landowners or royalty inves-
tor Who "gets up against it, comes to us
for money He wants to sell only
enough to tide him over a financial
emergency such as taxes, where a man
dares not allow his taxes to 20 delinquent
In such cases If 1 % royalty at a bargain
price will solve his problem, he will re-
fuse to sell 90. SO there is nothing
to do but accept the 10 and divide it
among those of our members who want
it. Though we want the best properties
to be divided among as many as pos
sfble, We have tried to keep the 1/8 of
20 unit as the minimum. It is Just as
much work for us to handle 20 royalty
as % royalty on a given tract, so larger
offerings are far better for this office.
However, the MEASURE CT the success
OF this organization over a period of
more than 15 years is the AMOUNT
OF MONEY OUR MEMBERS H..
MADE. With that in mind. we are glad
to take a bargain on a half percent
Montana oil and mining journal., 1938-03-19

royalty, at times, and go through the
work of checking title, paying an attor-
ney to write an opinion of title and
securing the other data and information
for issuance of formal offering sheets
under the regulations of the Securities
and Exchange Commission.
Many of our newer members wonder
how we choose the persons to whom the
various royalties are sent. We have
our list divided into various groups.
We have in one group those who are
interested in Cut Bank royalties only,
as an example. There are others who
are interested only in West Kelvin roy
atty. There are some grouped together
who will buy royalties only under pro-
perties of a certain operator. There is
a small group that is interested chiefly
in wildcat royalties: the kind that may
afford 100-to-one odds. Then there are
some who want producing royalties only
The royalty bargain is sent to the
particular group to which it belongs,
rather than to the complete list and then
in alphabetical order. Years ago we
started with the AS and then those
whose names start with B, and so on
through the list, rotating through the
alphabet over and over. Except In Oc-
casional cases such as preference reser-
vatdons, requested ahead of the is
Suance or an oTferlng sheet we try not
to vary from this rule although of course
we have done so in unusual cases over
the period of Is years. Where a buyer
is left out on one property he is occasion
ally given a 'preference reservation" on
the next property which option he may
assert or refuse after seeing the next
offering sheet
This method attempts to be fair to
everyone and is intended to give each
member a chance to buy the particular
type of royalty in which he is interested.
If he has no choice at the beginning, we
try to get him to make up his mind on
the type of royalties he wishes to ac-
cumulate. Every successful investor has
definite plan by which he succeeds.
We repeat, over and over, that no man
should buy one royalty who does not in
tend to go ahead with a program of
royalty buying The idea of buying
1/Sth of 10 royalty and then waiting
to "get rich" is all wrong. In this case
related above a royalty unit costing
$12O, had a return of $3.50.
That does not mean t'riches" But
IL a man can get SEVERAL such roy
alties to return him $3.50 for each $3.50
invested, from time to time, he has no
worry.
We will be glad to correspond with any
who wish to Join our organization. The
attached coupon will bring the desired
Montana oil and mining journal., 1938-03-19

Father Rabbit: What's Junior
looking so pleased about?"
Mother Rabbit: "Oh, he's quite
proud of himself. He just learned
how to multiply today"
Junkman: Amy rags. paper, old
iron?"
Superintendent (angrily): mo,
My wife's away"
Junkman: ANY bOttles?"
Mother: "Have a good time at
the dance tonight, dear, and be a
good girl"
Daughter: Make up your mind
mother"
1898 PSALM
Mr.. Roosevelt is my shepherd
l am in want.
He maketh me to lie down on park
benches
He leadeth me beside still factories.
He disturbeth my soul.
Yea, though I walk thru the shad-
ows of depression
anticipate no recovery, for he is
with me.
His policies and diplomicies, they
frfghten me.
He prepareth a reduction in my
salary in the presence of mine |
enemies.
He anointeth my small income with |
taxes, and my expenses runneth |
over.
Surely unemployment and poverty
shall follow me all the days of
my life.
And l shall dwell in a mortgaged
house forever.
Montana oil and mining journal., 1938-03-19

Two scotswomen happened t.
meet in the street. One was carry.
ing a parcel. and was asked by the
other what it was.
"oh, it's some ham," was the
, reply. 81 always buy ham al
Sandy's store"
The other thought she would try
some ham, and off she went to
sandy's store.
81 want some ham, she said.
what kind?" asked the shop
keeper.
"oh, the same as Mrs. Mcdonald
The shopkeeper smiled, and lean
ing confidently over the counter,
asked:
"whaur.s yer bother"
Where did you get the black
eyer"
Il went to a dance and was
struck by the beauty of the place. :"
A party of New York sportsmen
have announced that everything they
bag on their hunting trip in Cana
da will be sent to New York hos
Ditals This will probably include
the guides and the less nimble
members of the party.
''The process of thinking draws
the blood from the feet to the
head" an educator informs us.
This explains. perhaps, why, in so
many cases, if you think twice
about a proposition, you get cold
feet.-Atlanta Journal.
I certainly have been pinched
for money lately.
What a strange way of getting it.
My wife kisses me when she wants
money.
Il read in a book that Apollo |
was chasing a nymph and she turn
ed into a tree"
He was lucky. Those I chase
always turn into a night club or
/ restaurant"
Tho Justice of tae peace recalled
/ witness. "My man. he said
iternly. you may find yourself
committed for perjury. You told
ne court just now you had only
me brother, but your sister has
worn she has two. Now, which
s the truth?" j.
Montana oil and mining journal., 1938-03-19
FIRST CHECK IS FOR $40
ON INVESTMENT OF $50

They paid $50 for their royalty. Their
first settlement check will be for $140.
This is the brief account of the routine
in this weeks business involving two
members. These two are investors who
buy royalties, for the most part, on the
payment plan. They have adequate. roy
alties which they leave in the name of
our trustee to serve as collateral for
loans necessary to carry their purchases.
Thus these royalties may remain in the
name of our trustee for long time
We received a division order this week
from a Cut Bank operator on frac-
tion of landowners royalty in Cut Bank
field for signature of our trustee This
means the immediate filling of the deeds
so that the royalty settlements may go
directly to the owners. There were two
whose transfers had not been com
pleted, each owning a half unit (1-16 of
19o), leaving 1/Sth Of 10 in the name
of our trustee.
The division order shows that there
is a total of $3.50 payable to the owners
of this royalty. That means that each
one will receive $40 in his first check.
Since each paid $50 for the half unit this
means an initial dividend Of two hundred
and thirty three percent.
II IS not Jne uSual Lnlng TO have q
royalty pay out before it is delivered by
our trustee, nor is there any promise
that any royalty will do as well, but is
an interesting fact that small fractions
of royalty DO make a profit just as
wells large amounts of royalty Many
an investor hesitates to buy a small frac-
tion of royalty on the theory that it
will not 'do him any good" That is
largely true. Had these two owned / %
each, their investment would have been
$3.50 each instead of $50 each Their
initial check would be $2,24O each. We
must confess that this is something to be
desired. However, at the time this in
vestment was made, each buyer was try
ing to make his money ego as far as
possible" Also they may have wished
to spread their investment over as many
acres as possible rather than to put
all their eggs in one basket"
We have tried very hard to get as
much as 1 % royalty on at least one
good tract for each of our members on
the theory that they should have an op-
portunity for "big money" If they are
lucky and happen to get a big well or
two. For most of us, our royalty in
come is made up of lot Of small checks
which come in to make up a total for the
year that represents either an Income"
or return on the investment" as the
case may be. Yet we occasionally find
someone among us who has put all his
Montana oil and mining journal., 1938-03-19
YOU FTGURE IN OUT

Last year / asked her to be my
wife and she refused, so to get ever
married her mother. Then my
father married the girl.
When I married the girls mother
the girl became my daughter, and
my father married my daughter, SC
he became my son. When my father
married my daughter she became
my mother If my father is my
son and my daughter is my mother,
who am 1?
My mothers mother is my wife
and must be my grandmother, and
being my grandmother's husband,
l must be my own grandfather.
teacher in the Kilgore high
school gave as an assignment for
her class in Latin the following
verse to be translated overnight
and returned in the morning.
''Isabili. Heres ago,
FOrtibus es in arc.
Noces, Mari, Thebi trux
Watts in EN- pax a dux."
The next morning, after the stu
dents had handed in the assign
ment, it was not surprising that
she picked this one to read to the
class:
Il say, Billie, here's a go,
Forty buses in a row."
''No." says Mary, "they be trucks"
what is in emf" Packs O.
ducks"
Papa. vats a vacuum"
"A vacuum is a void, sonny"
Il know, papa, but vat's the void
mean?"
A rich man in his years of toll, |
Burnt barrels and barrels of mid
night oil;
His son now keeps his memory |
green
BY burning midnight gasoline. ]
Montana oil and mining journal., 1938-03-19

The pompous judge glared sternly
over his spectacles at the tattered
prisoner, who had been dragged
before the bar OF justice on a
charge Of vagrancy.
''Have you ever earned a dollar
in your life?" he asked in scorn.
Eyes, Your Honor" was the re-
spouse. 4 voted for you at the
last election
q sell underthings to nudist
colonies"
.ewhat kind if underthings do nu-
dists need?"
Cushions"
do you mean to say that Sandy
is famous for his after dinner
speaking?"
"I'n say. He always manages
to be speaking on the telephone
when the waiter brings the check.
ma if the baby was to eat tad
poles, would 1t give him big bass
voice like a frog?"
"Good gracious. no! They'd kill
''weil, they didn't.
The man who minds his own
business generally has a good one.
Montana oil and mining journal., 1938-03-19
TIME TO CALL A HALT

Ism about time call halt this proraon maer9
The industry been 'up in the air" since last fall An
haustv hearing held Everyone had opportunity to ge
off handed down ruling. Both sides
adequately reviewed Now attorneys for and against
filed exceptions which doubtful place the
something be questioned II
doubted for it highly improbable that they can accomplish
anything rapidly drifting around lawyers feud the
only of which will be keep refinery projects market ex
drilling in state OF uncertainty The
hopes that these who paying the retainer fees on both
will notify their attorneys forget the proraton con
Montana oil and mining journal., 1938-03-19
NAN ADoPT sTATE ooNTRoL

The State of California, which
has had voluntary proration. is now
a state oil control meas
lure, whereby three salaried COM
|missioners appointed by the gov
|ernor and subject to recall by the
Industry will have charge. The
Montana oil and mining journal., 1938-03-19

measure favors the producers of
small or marginal wells, its pro-
ponents say. Absolute refusal of
small minority to join in the
voluntary program has caused the
movement for state control to pre-
vent threatened collapse of the
price-wage structure
Montana oil and mining journal., 1938-03-19

My shaving brush is very stiff, q
complained Dad. Il wonder what's
wrong with It,"
II don't know, said wifey. '''It
was nice and soft when / painted
the bird cage yesterday.
II suttingly hopes Use sick, ."
groaned Rastus. "I'd sho hate to
feel dis way when Ise WELL"
What are wienies2"
Hamburger with tights on"
Montana oil and mining journal., 1938-03-19

The man who minds his own
business generally has a good one
The Washington times., 1938-05-25

Send FIFTEEN CENTS (15c)
in coins or stamps ICONS pre-
ferred) for this Anne Adams
pattern. Write plainly SIZE,
NAME, ADDRESS and STYLE
NUMBER.
Order your copy Of the NEW
ANNE ADAMS SUMMER BOOK
of Patterns! Learn how to have
q smart warm-weather ward
robe that's faShiOn-right, ccO-
nOmical, easy to make!
PRICE OF BOOR FIFTEEN
CENTS. PRICE OF PATTERN
FIFTEEN CENTS. BOOK AND
PATTERN TOGETHER TWEEN
TY-FIVE CENTS.
Send your order to Washing.
ton Times, Pattern Department,
243 w. 18th St., New York, N. Y.
The Washington times., 1938-05-25
NEW DIVISION
LADIES DAY EETE

Washington Kiwanis Club will
hold a Ladies Day luncheon at
the Mayflower Hotel tomorrow.
Feature Of the luncheon will be
entertainment by the choral club
Of Woodrow Wilson High School.
The Washington times., 1938-05-25
SEEK U. S. CASH
FOR EDUCATION
OF HANDICAPPED
First Lady Speaks at
Conference Here

The possibility of using Federal
education grants to States, to aid
public schools for deaf, blind and
socially handicapped children, was
discussed today at a conference
on problems of physically and So
cially handicapped children, in
the Interior Building.
The conference, called by Com
missioner of Education John w.
Studebaker. opened a two-day SeS-
sion yesterday, with about 20
State education leaders present.
Mrs. Franklin D. Roosevelt spoke
at yesterdays opening session.
DIR. WRIGHT TALKS
DR.. ]. C. Wright, assistant edu-
cation commissioner for voca-
tional education, discussed the
provisions of the Smith-HugheS
act, that might open way for the
use of Federal grants. Several OF
those attending the conference
considered the possibility of Fed
eral aid of State boards of edu-
cation would approve vocational
education programs in such
schools.
Those attending included Paul
s. Blandford, superintendent of
the Virginia Industrial School for
boys, at Beaumont, Va, and DR..
Ignatius Bjorles, superintendent
Of the Maryland State School for
the deaf at Frederick.
NEW DIVISION
Commissioner Studebaker an
nounced yesterday the Office of
Education had formed new
guidance division to study voca-
tional training for handicapped
V0Ilth
The Washington times., 1938-05-25

Mark it down on your calendar! Mdke
q date to be here! Atwo-ddY event thdt
brings Yol. vast savings on just the
chairs thut you want! SuperblY carved
legs-llpholstered with only qudlitY mo-
teriols-comfortdble loose spring-flled
cushions! For the June bride-perfectl
For your living room-perfect! And the
price is just right for your budget, too!
But remember-onlY two Days at this
thrifty price!
Fourth FIOOr-Furniture Dept-The Hecht Co.
The Washington times., 1938-05-13
= By igor CASSln1

crowd No checking of names or
presenting cards at the doors j.. If
you are a "cafone" (you are de-
fined in that way if you don't be-
long to the crowd) you'll remain
all your life, cafone.
Once a very wealthy American
who had made his home in Rome
decided suddenly to leave the place.
When I asked him why he was
doing that he said: "You don't
think I will stay in a place where
it takes me three generations to
make friends ?" There is no
need of entertaining much in
Rome; you are always sure to see
all your friends in Via Veneto,
which is the most fashionable
street in Rome, around midday and
at Z in the evening . The enter
tanning is all done in private
houses, but it's the new fashion,
now, to nsh later to one of the
very few mart dive-spots in town
The Young people over there
are crazy about American jazz {.
And the young men become simply
wild when they see a pretty
"Americaina" in the streets {.
It's the aradise for young Amer
ican women, because the men are
handsome, well dressed, glamorous,
with titAs, as long as, sometimes,
their bills are No debs over
there, in the official sense of the
word The society is much
smaller han here And there
is no pLce for a social columnist!
The Washington times., 1938-05-13
PETIT POINT

they seldom spend money -. The
women wear high neck dresses
and very plain, simple clothes.
When King Gustave Adolph of
Sweden came to Rome, not one of
the Blacks cared to be introduced
to him "He is only a Berna-
dotte," they said. The Bernadottes
have only ruled for a century! -.
The White is the Aristocracy of the
King, more open to mouveaur
riches and to crowns With
names old by thousand years you
may find some with only couple
of centuries behind, and sometime
less, like the new Fascist Aristoc-
racy of the Count Cianos, Grandi
di Val Cismon, etc. If we can
make faint comparison, the Black
Aristocracy is more or less the
tabled 400, while the Whites are
the Smart Set, the Cafe Society
.. Entertaining is completely diff
ferent in Rome and Washington =.
Here you generally send out the in
vitations for a big dance or dinner
at least two or three weeks in ad-
vance, while over there it's all done
by telephone and meeting each
other on the streets, in the last days
-. The advantage over there is that
you know practically everybody
and that you invite only the people
you know
You don't need the help of social
secretary, in Italy, cause either you
belong or you don't, to that certain
The Washington times., 1938-05-13

tai, we will compare Washing
ton to Rome tit breaks our heart
to omit cities like Florence, Ven
ice, Turin and Naples, cities
which have traditions written all
over the walls of the old "palazzi")
.. The society in Rome is COM
posed of two aristocracies: The
Black and White .. Black is the
aristocracy of the Pope, the old
Roman patrician families, with
backgrounds of ten centuries or
more. They consider them
selves as noble as any ruling king
in the world, and conduct them
selves with the arrogance and as
surance of their ancestors
They never accept the newly rich,
The Washington times., 1938-05-13
DR.. Aguiar
Host Today

The Commercial Attache of
the Cuban Embassy, DR.. Pedro
P. Aguiar, entertained at a
luncheon party today at the
Mayflower.
Guests included Fletcher
Rawls and Benjamin D. Hill,
of the Commerce Department;
the Commercial Attache of the
Chilean Embassy, Senor Carlos
Campbell; the Commercial
Attache of the Venezuelan Lega-
ton, Senor Don Luis Coll
Pardo; the Commercial Attache
of the Colombian Legation,
Senor Don Jose Camacho
Lorenzana; the Commercial
Attache of the Argentine
Embassy, Don Miguel E. Quirno-
Lavalle. and the Commercial
Counselor of the Brazilian EN-
bassy, Paulo G. Hasslocher.
The Washington times., 1938-05-13
Mrs. Br0y To Be Feted

Thornhil1, jr., who will leave
in the near future for the West
Coast where Lieutenant Thorn
hill will join his ship for sea
duty and Mrs. Thornhill will es-
tablish a residence, with her
four interesting young children,
at San Diego.
Mrs. william Sturtevant
Moore and Mrs. Fulton Lewis
will preside at the punch table,
and Mrs. Forrest will be assisted
at the party by Mrs. Forrest
Cromwell. The buffet supper
will be served under the fine
old trees in the garden that ex-
tends far in the rear of the
tiny residence which the host
ess has chosen for this informal
party rather than her Virginia
estate. Oak Shadows,
The Washington times., 1938-05-13

ing many requests for it, despite
the attractive bar which com
peted with the tea table and
did very nobly Vim its special
corner of the room.
THE Walter Distlers. with Mrs.
i Distler in the smartest Of
violet tweeds, and Mrs. Nelson
Harrison and her nice husband,
the John McClures, the Louis
Montforts, the Joseph Cotters,
Mrs. william Doak, who told us
that her pet parrot" Miss Polly"
was asked to broadcast and be-
haved dreadfully, refusing to do
anything right. Eugene
O'Dunne, who seemed blissfully
happy, sitting on a sofa with the
prettiest dark-haired girl whose
last name begins with M.
I'm AND ANNA MAY MICH
ID OILS, Shorty" Lipscomb,
Gen. and Mrs. Albert Cox, with
Mrs. Cox wearing her usual.
huge purple orchid. (Note, we
have got to look into these
orchids. Scoop" Wilkerson
with his pretty wife, who pos
sesses the brightest, blackest
eyes in this town, and the Emil
Hurjas, Mary Agnes Young, Mrs.
Louis Caldwell, who hasn't been
feeling so we'll, but certainly
never looked better, with a tiny
black turban on her white hair
and her cheeks as pink as q rose.
JUDGE AND MRS. THAD
ID BROWN, with Mrs. Brown
wearing a most becoming outfit
of henna crepe; the Stanley Suy'
dams and Mrs. Suydam being no
end bored with carrying o lus-
cious mink cape which she
thought would be comfortable.
The Washington times., 1938-05-13
Three Absentees

There were three absentees In
the line. Mrs. Harry H. Wood
ring, wife of the Secretary OF
War, who is in Kansas with her
husband, was substituted for by
Mrs. Louis johnson, wife of the
Assistant Secretary of War, who
was in a navy blue ensemble.
Mrs. Robert Jackson. wife Of the
Solicitor General, received for
Mrs. Homer S. Cummings, wife
of the Attorney General. She
wore a blue and white pin dot
frock with a band of white about
her medium brimmed blue straw
hat. Mrs. w. w. Howes, wife Of
the Assistant Postmaster Cen
eral, took the place of Mrs.
James A. Farley, who is in New
York. Mrs. Howes was in black.
perky white flowers trimming
the front of her black turban.
After all OF the guests were
greeted and seated Mrs. RooSe.
welt announced the program OF
entertainment for the after
noon. From Skyland Farms, in
Alabama-some 750 miles dis
tant-had come a group OF
singers. and banjo players TO
amuse the gathering.
Later delicious ice cream and
cakes were served from beneath
the red and white striped mar
queeS. Here and there we spied
such executives as Mrs. Ellen
Woodward, Mrs. Grace Roper
Bohn, Mrs. Lucille Foster McMil-
lin and Mrs. Harry w. Blair.