Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-12-03
OUR MAIL BAG
MINNEAPOLIS. MINI.


Minneapolis, Mimi
Montana Oil & Mining Journal,
Great Falls, Montana,
Gentlemen:
To me it does seem a shame that
oil operators such as l met on a
recent trip to the oil fields in
Montana should be hampered in
their work for lack in many cases
Of ample funds to carry on.
learned the difference between a
qualified operator and the kind who
ruins the chances for the bona fide
men to get funds needed by those
of the oil men first mentioned
above and something should be
done about it, There are capable
men who have spent a lifetime in
the work and are capable honest
operators who do not leach the
public and they should be backed
by the money that would gladly
he put behind the class of drillsrs
who are willing to make a fifty (
fifty bet with anyone and who are
willing to even give the long end. Z
Such men have many thousands
of their own money tied up in A
necessary equipment and strings
hand which must be on hand in
each instance of deep drilling. This
fact alone makes il necessary to
take partners, known as the man
with money. Swindlers have OpeT- [
ated so generally that the prudent Z
money markets are afraid and do {
not have the confidence or even s
take the time to investigate the j
l. -.
least honest and are willing to give |
a person who places a bet at least {
a run for his money. These cap c
able drilling outfits must have the {
investing pubic's money behind /
them.
Even the proven fields in sec
tions of Montana are not more than [
One-tenth drilled out and there is '
plenty of opportunity for people to +
get an even bet at least it is not
necessary that people with good
honest money need even to get back
of the wildcatter unless one sees fit
as there are still plenty of oppor-
tunities for more than a safe bet in
proven fields. wildcat field be- y
ing worked by legitimate drillers is :,
much more sporting bet to be !,
appreciated by certain class and
such money is also welcomed and -
as much a salvation to qualified =
operator as in proven fields.
Honest operators are as safe an -
investment and as reasonable an 4
assurance of returns as a bank and :,
generally pays much larger divi- r.
dends. We as a people have full
in our family physician /,
to use a knife on those we love. for -
we know their training is such as y,
to bring back\g good health to their D
bodies, so we should be as choice =
in selecting the reliable operator
for he too has spent his time to Il
qualify him to know where to enter
the earth to find the spot where oil
is reasonably sure to be trapped.
This man is generally assisted in
his work by a competent geologist
who has spent thousands of dollars
10 learn what is contained in the
of the earth as deep as 81,
-en thousand feet We have a IL "a,
'ense to bet on such men cd
New York state and the state of 80
Massachusetts have dispensed with or
heir state securities commission.
We should do the same as auto af
ratio and senseless commissions du
impede the progress of our country no
These commissions were formed to I'M
ttack the fly-by-night get-rich- We
k-WallingfOrds and such men CO..
hould be prosecuted, but there are a
men who have devoted a lifetime to pIl
heir business who must first be riz
Considered a crook and run down wi
" those commissioners some of DO
whom are not even qualified to
Judge, before they are permitted to the
ccept money from the public, and KIN
Tho would not need to qualify any tus
lore than the farmer, the grocer Die
r the doctor, which latter are no Va
etter qualified as capable business tit,
len.
There are many angles in the oil
usiness that are good, worthy, safe
lyestments and good advice, even
can be had for the -,
skiing from reliable sources of each 20.
pportunity offered. One thing GER NJ
ain, drills cannot reach the trea- oe
urers Of our earth without the use e.
investors money. -
Very respectfully submitted. -
M. A. CLARK.