davidaulloa/AmericanStories huggingface dataset:
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-03-26
WALL STREET
SELLING Wild
Pivotal Shares Bear Brunt
Of Loss Felt in All
Sections

NEW YORK, March rs. (of)
rha widest selling in more than
enc ! ne Months struck the stock mar
n ilst yesterday, prices plunglng one
70 more than six points 10 INC 'o"
oct levels since 1885: :.
All sections of the list we're
bard-hit, pivotal shares bearing
brunt of the pressure.
Trading volume picked up sharp
" the days turnover of l,680,ooO
shares comparing with 100000 in
tho nrevious session. approximate
w 100000 shares were turned over
in the final hour alone when tick
ers Jagged four minutes behind the
actual market.
Rails were down one to two
no;nts to new lows since 1872,
utilities a similar amount to new
Notions since 1885 and industrlals
ono TO more than six points, also
new lows since 1888.
Rail bonds broke to the lowest
level on record. while commodi-
ties. on the average, hit new bot
toms since early 1885. U. S. Gov
eminent bonds eased irregularly.
Allied Chemical fell S% points,
while American Smelling, West
inghouse Electric, Howe Sound,
Link Belt, and Eastman Kodak
we're down five to six points each.
Du Pont, U. S. Steel, Bethlehem,
Chrvsler, Loew's, and Johns Man.
Vile were down four to five points
each.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-03-26
LOVE LAUGHS
- mmE MOTOR
Nv rMoor rowAN STONE Copyright 1885, NEA Service. Inc
ceoyr;oht, 1888, NEA Service, Inc.

figure. George Thorvaid, Con-
stance saw, was hardly taller than
his sister. and not at all ike ner.
Where IIildegardc was generous
", if exquisitely, made-all
Golden tints, with blood coursing
warmly, close under the skin
her brother was dark and slight,
with crisp black hair. a pale olive
skin. and sensitive, deiIeateiy
chiSelcd features. .. Ernest
Thorvald's wife, Dcrck had writ
ten, had been a Spanish lady.
As the boy stirred reStlessly,
Mark Rogers said in a swift un,
dcrtonc, "Sit here, please and
Constance dropped into chair by
the side of the bed.
The boy moancd, cried out
sharply, "Camilla-Cam, dear?
Can't you move? Oh, no
no, no" and seemed about to
open his eyes.
DIR. Rogers murmured, CLOSER.
He's had an opiate, and can't see
very clearly"
Constance leaned forward,
c!aspcd her hands together on the
edge of the bed, and brcathcd,
Yes. I'm here, Jo-jo.'
The boy turned dark pain
hazcd eyes toward the sound of
her voice, shut them, shook his
head slightly, and said mcredu-
louslv. They told me you'd be
here, but | didn't believe them
Constance reached out a warm
hand and placed it over the rest
less fingers near her on the
spread. Mark Rogers mOtioned
the nurse away, and stepped back
into the shadow.
The boy looked from the hand
on his fingers to COnStance'S face
and back again, pccring as #
through a fog. |
but killed YOU" he protested
in a bewildered whisper. "1od
were-dead. | saw you-ly-
ing therein the light of the car.
. | called you, but you didntt
move or speak. Then some.
one-came-and took you away
"But, you silly boy" Constance
said, making her voice sing,
caresSing each syllable with her
lips as she had often watched Ca
milla Wynne read her lines in a
closeup, I'm here now, aren't
l."
"Why-yes. You seem to be
here" The boy spoke slowly.
"But you have before. Only
you always went away when /
woke up. And those times
your face was - bleeding - the
way it was that night. And
never in that dress. . I've never
seen you in that dress before any
where"
1t was cue providentially
handed her from one of Camilla
Wynne's most popular roles; and
the proper line came tripping to
Constance'S tongue.
"But, Jo-jO, dear" - she even
remembered to laugh in that soft,
caressing way that was one Of
Miss Wynne's most effective man.
nerisms - don't you suppose /
ever need a new dress? And
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-03-26

How II feels 10 be a PreSiden,
leaving his office on vacation /,
cloQuently expressed, above. a,
Mr.. Roosevelt entrained for a
Today stay al Warm Springs
The presidential expression
makes il hard 10 believe tia, he
was worried about The internal
IVA row or depressed by Euro.
pean political conditions, a re.
port on which he received from
AmbasSadCr-at-L a rye Norman
Davis just before he enualnei
who was taken to Patton Memr
ial hospital last week is imprU
ing.
The many friends Of Frni
King will be sorry TO learn he I
indisposcd at his home with tt
silitis and pneumonia.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-03-26
JONES GAP

JONES GAP, Mar. 26. - Rev.
Lawrence Erwin filled his regular
appointments here recently.
Raymond McCarson has been
very i'll with the flu.
Mrs. Kelley Mace spent Tues
day night with Mrs. H. H. Mace.
Mrs. R. S. Sentell visited Mrs.
S. NJ, McCarson on a recent Sun
day.
Rev. Lawrence Erwin and a
number of friends from Jones
Zap. visited Mr.. and Mrs. Henry
Leslie recently.
Paul Hawkins and Junior Owen
by were recent visitors of Ray
mond McCarson.
Jim Mccall of Brevard. has
mocved into this community.
Friends of Raymond McCarson
are glad to know he is much i'm
proved after an attack of "flu."
petroleum ranges in color from
almost black, yellow or brown,
less.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-03-26
ALABAMA MINING
FIRMS SAFE ROBBED

BIRMINGHAM, Ala, Mar. 26;
(UP)-Burglars yesterday entered
the Sloss-Shcfficld Steel and Iron
company's coal mine office with a
skeleton key, used nitroglycerinc
to blow open the safe, and escaped
with $4,000 in cash.
The coal mine is located at Flat
Top, near Birmingham. At Alden,
six miles from Flat Top, burglars
failed in an attempt to break into
another safe of the Sloss-Shefield
company.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-03-26
CAST OF CHARACTERS
CONSTANCE MAIDWElL
BY GILMORE COWAN STONE

CAST OF CHARACTERS
Z CONSTANCE MAlDWELL -
heroine; the stand-in.
- DEREK MANTHON-an artist
who loved money first.
HlLDEGARDE THORVALD-
Derek painted her portrait:
DIR. ROGERS-he met hrs most
difficult case.
, Yesterday: So Connie starts on
her arrange stand-in assignment
and meets Derek through the
nurse who introduces them, rom
e.lIy. The nurse forgets Connie $
name $3.50
After a pause that seemed IKE
a timcless void in which ali sound
and motion were suspended. Con-
stance said. smiling with bright
minimizing eyes into DcrekS
white, blank face, Greetings
How are YOU, Dcrck?" and Derek
wet his lips and Stammcred Win
fevcriSh cordially, why, I'M
well. this is Il surprise! where
did you drop from?
Miss Wilcox's black eyes darted
swiftly from one To the other OF
them; and DR.. Rogers voice
sounded unnaturally loud when
ne said, "Wcll-we'd better get
down to business, hadn't We? |
understand you're going to re-
decorate our leading lady, Mr..
ManthOn.
Constance knew that Dcrck,S
hands were shaking as he worked,
frOwning. CHANGING from her to
the pictured image of Camilla
Wynnc and back again--Dr. Rog-
crs suggesting from time To time.
"a little more of that black stuff
on her lasheS, don't you think,
Manthon?" 81 wonder if the
mouths full enOugh?" And Miss
Wilcox, "0f course her eyebrows
should be plucked. but we haven't
got all day
So that was the way Derek had
looked when he saw her q. That
was what she had said to Derek
And that was what Derek
haid said to her.
Finally DR.. Rogers exclaimed,
"Well, | guess that just about
rings the bell. Go grab your
self some sleep, Miss Wilcox. You
may have a difficult day ahead of
you. Now. Miss Maidwell, If
you're ready"
q With a swift, yelled glance at
Derek's fair head, bent over the
cosmetics he was replacing in the
box, Constance followed the doc
tor into the corridor.
Just outside the sick room door
he paused to say with a WY little
smile, "By the way, you'd better
call him 'Jo-jo' if you can bring
yourself to it. 1t was Miss Wyn-
mes playful little name for him,
! understand. Aside from
that, you'll have to be guided by
whatever it is people mean when
they talk about intuition"
Then they went into a large,
cool, shadowy room.
The second nurse was lowering
over a bed on which lay a slight
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-03-26
General H. R. Lee
Honored In Death

NASHVILLE, Tenn, Mar. 26.
(UP)-General Harry Rene Lee,
92-year-old former commander-in-
chief of the United Confederate
Veterans, yesterday was buried in
Confederate Circle, Mt. Olivet
cemetery. Cavalry and infantry
troops escorted the body to the
cemetery, where Confederate vet
Grams attended funeral services.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-03-26
BATTLESHIP WINS ,
IN GRAND NATIONAL

AINTREE, England, March rs:
-UP)-Battleship, tiny son of
Man O. War, won the Tooth run
ming of the Grand National Stee-
plechase Friday, becoming the first
American-bred horse ever to win:
Royal Daniel was second and
Workman third,
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-12-10

One of these extra-tough indi-
viduals sauntered into a crowded
bar. He pounded his chest and let
out a Tarzan yell.
"All you sons of get out
of here" he screamed.
The bar Immediately was emp
tied.
The tough guy pounded his chest
again, in pride for his feat.
Then he looked at the far end
of the bar where a meek man still
stood and calmly slipped his beer.
The tough clustered up to the
only other occupant of the room.
Say" he said. Didn't you hear
what I said?"
Yes" the other said mildly, still
slipping his drink. ''There sure were
a lot Of them in here wasn't there?"
The youth was confessing to his
spiritual adviser.
Il want to confess he said.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-12-10
Hannah Retires From
Gasoline Committee To
Resume Oil Business
George Downs, Petroleum Engineer, Named To
Take Up Work Of Attorney HOyt
Whose Health Is Impaired

After having devoted one year
of his time exclusively to the pro
motion of the Montanamade gaso-
line campaign, L. r. Hannah this
week retired as secretary of the
special committee of the Lions
club of Shelby and returned to his
work in the on industry.
Hannah is an officer of the
Hannah Porter company, producers
and refineries in Cut Bank, Kelvin
and Border fields, and is identified
with other development companies
in these fields When his compan-
les were left without a market by
the loss of the Canadian business
one year ago, Hannah took up the
work of promoting the sale Of
gasoline made from Montana crude,
on the theory that it would increase
the use of crude and establish new
and permanent markets in Montana
which had heretofore been largely
supplied with gasoline made from
crude of other states.
So successful has been the cam
paign that Hannah and the Lions
club committee have received ma
tional as we'll as statewide recog-
milton and the idea has been
taken UP by other industries TO an
extent that 1t has become Mon
ana products campaign.
The balance wheel-stabilizer of
the Shelby committee has been G.
C. Hoyt, Shelby attorney, who has
been directing head of the cam
paign and who has carried on much
of the executive work without COM
pensation He has been forced to
retire as active chairman of the
committee by i'll health, his doc
tors having commanded that he
give up all outside activities. He
has been in a hospital at Spokane
for several days. Physicians at
tribute his break in health to over
work attendant to the tremendous
demands upon his time by this
campaign, in addition to his large
law practice which required expen-
diture of energy beyond his
strength
George Downs, petroleum engin-
eer in the Kelvin field, identified
with the Gray interests OF Mime
sofa, has been named as vice chair
man to carry on for Mr.. Hoyt The
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-12-10
"DONT BUY" Says The Graph

But thereafter the graph line swings
upward as the drill starts working in
known formations, a puff of gas is
found or even a showing of oil Then
the line hits its highest point when the
DRILL HITS OIL On that day the
notation says: DON'T BUY" On that
day the farmer usually demands more
for his royalty than when his farm is in
settled production.
1t is history of every oil field in our
16 years that the greatest opportunities
frequently come AFTER the discovery
of oil. We recall the one time that we
were tempted to handle some royalties
outside the state of Montana-when
Oregon Basin came in, in northern Wyom-
ing We were ready to plunge into buy
ing, paying high prices on the theory
that any royalty in Wyoming SHOULD
be worth more than Montana royalties,
although we have learned to know the
fallicy of that old theory We were halt
ed by very good friend, a big company
official who has many times befriended
us. He said:
wait while; I guarantee you will
lose nothing"
But more wells will be drilled and
values will increase" we argued.
"AlI wrong" was his reply. "'You
will buy royalties for a TENTH of pre-
sent prices after production is developed
Wait until the producers are unable to
sell this black oil. Then buy royalties
if you still want to buy them then"
We DID wait and we never did buy
Oregon Basin royalties although we saw
the things happen that this big company
official had prophesied.
Oddly enough, our graph shows anoth-
er low after the drilling of the dis
covery well The worst discouragements
seem to come after the first well. We
could point to Kevin-Sunburst or to Pom
dera or to Cut Bank or to may other
fields as proof But we need only point to
the new Darling pool in North Cut Bank
where the second producing well was
completed only last week The discovery
well was drilled in 1888. 1t has been
producing oil ever since, in commercial
quantities. The pool was there all this
time Yet we have bought royalties in
that area during he past four years for
less than we ordinarily pay for wildcat
royalties where we buy during the drill
ling of the we'll
As an example, we bought royalties
in North Cut Bank at 81 per cent per
acre at a time when some of our mem
bers were asking for royalties on Genou,
a wildcat many miles from production, in
the central SweetgrassN Arch The best
price we could get on Genou royalties
anywhere near the well, was SO per cent
per acre and we know of royalties sold
at IS per cent per acre. So we bought
North Cut Bank royalties in preference
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-12-10

that / used profanity"
That's too bad, SON."
at was in a football game.
got the ball to the 80, the 40, and
crossed the 5O-yard stripe"
Yes, yes, go on" (The Adviser
was an ardent football FAM
well, I went all right to the 40
and then to the 30"
Yes. Yes
"They almost got me on the rs.
Then l got away for a moment and
crossed the 10. They almost got
me again, but l plunged through
and crossed the goal"
THAT was fine, son, fine" (The
adviser was excited over the play)
Then is when l cussed looked
down and said Damn 1t. Where's the
ball?'
The adviser, thoroughly excited:
Well, &, where
in hell was the ball?"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-12-10

to Genou-and now we know that we
were not in error.
We have in mind a farm in Kelvin
Sunburst field where an oil well was
drilled on a farmers land He had sold
no royalty and when the well came in,
he refused to sell for ANY price. He
went to town and advertised big sale
He decided that he was rich" SO he
held an auction and sold his cattle and
horses, his plows and other machinery
everything up to and including his house
hold goods. He moved to town and pre-
pared to live in state.
Then came a time when the price of
oil slumped and there was no market.
The operator got into financial difficult
ties; the lease was tied up in litigation
and the well was not pumped Soon our
friend came to us and wanted US to buy
one or two percent royalties, since he had
no income and no other resources. We
laughed at the price he asked but event
ually he came back and accepted the fair
price which we Offered. After that
money was gone he came back again
and again; until we had bought about
1 per cent of his IL Il per cent royalty
He wanted to sell us the rest of it but
the well stood idle and we had about
reached the absorption point in our
buying group. Then he disappeared He
left the country, we are told, riding
side door pullman" The farm was
sold for taxes and we went in and re-
deemed to protect our royalties. Not
many do this, but it gives an idea how
the greatest opportunities in royalties
arise.
Now the tract is regarded as one of
the valuable undeveloped portions of the
field. The failure to develop at that
time made the royalty available at a
very low price and the fact that it is
undeveloped makes it far more valuable
to our members, now that it will be de-
velOped under modern methods of aci-
dization
But to return to our graph, we find by
reference to this chart that the present
is the wrong time to buy or attempt to
buy royalties in North Cut Bank. Now
is the time to look elsewhere, while at
tention is diverted. Now is the time
for profit-takers. In due course of time
we will go back into North Cut Bank and
resume our buying-although there won't
he much royalty to be had, as we now
see it. A clever student may be able
to figure something out Of the situation
at present but it will not be through try
ing to buy on the Lungren farm or on
any tract where drilling is in progress
IT is our guess that there will be a dry
hole or two that Will in due course of
time curb the continued up climb of
royalty costs beyond the levels that we
know constitute good business judgment:
We will again consult the graph, pre-
pared to buy when the line again crosses
the red mark which says buy now"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-12-10

Around about the time of the great
depression we, along with the rest of the
country became graph conscious and
we turned to graphs to clarity every
thing that was not easily explained in
words So one of our first graph pub
locations illustrated when and when
not to buy royalties.
We recall that we told the story of
farmer who owns land which geolo-
gist finds is on ground which has been
upheaved by earth movements, forming
a structure possibly capable of trapping
oil The farmer was asked to lease his
land to a prospector who agreed that II
he found any oil, he would give the
farmer one eighth of it, free of cost OF
production In other words, he agreed
to give the farmer 12h barrels out Of
every 100 barrels produced, free of cost
of production. The farmers share is
called royalty" and he is free to do
with it as he pleases. In other words,
he can sell any part of his royalty, Civ
ing a deed thereto, thereby allowing
another person to share the risk.
The graph showed that before a struc-
ture was known, the farmer attached no
value to the mineral rights. After
structure was reported, the graph line
turned upward and the farmer assumed
some value for his oil rights but with
such misgivings that he is willing to take
some cash in lieu of gambling that there
is oil present.
The story continues to the movement
of a drilling rig to his ground and the
graph goes up and up to the day of
spudding when the farmer is surrounded
by various neighbors and men of wealth,
all congratulating him on the prospects
of his becoming a millionaire. Knowing
of men who have been made rich over
night by an oil strike, and hearing of
many more, the value of the farmers
royalty is increased a hundred fold on
the day the well spuds in, and so we saw
the graph line running to a high point
and below that was the warning to the
royalty buyer not to try to buy royalty
on that day
do not buy now" says the graph
There followed the period of drilling
slow progress, delays, discouraging fish
ing jobs and the arrival of many times
when the farmer agreed with the des-
pondent members of the crew that it was
all a mistake, to begin with:-the forma-
ions fail to check out and everything
seems wrong.
The graph shows that this is an OPP
perfume time for the royalty investor to
buy
The investor has to learn to keep his
head out of the clouds while the land
owners head is in the clouds on the
day OF spudding and likewise must keep
his eyes fixed on the horizon when the
landowner is buried in gloom. The
graph says Buy now
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-12-10
TABER KEEPS GOING

LETHBRIDGE-Despite discour-
aging results to date, the search for
the pool believed to exist near Ia
her. in southern Alberta, continues.
Plains Petroleum Corp. No. 4 reach
ed the Tabor producing horizon and
continued on to the Madison lime
at 34S2, with no results as yet
North Taber Royalties is drilling
below 200 feet, expecting the sun
burst sand at 3075 feet. 1t has had
several flows of gas and show
ing of oil.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-12-10

committee will continue to carry
on the campaign with daily radio
broadcasts and the use of a sound
wagon at public gatherings, togeth
er with the issuance of bulletins
and publications to be posted at
filling stations and to be distributed
among gasoline purchasers. Offices
will be maintained jointly with the
traffic association in Shelby, with
la stenographer in charge.
Hannah declared that he be-
lieves that good times are at hand
for the Montana oil industry, expect
ing a revival of interest to grow
out of the Yukon strike in the
Darling pool on the north Slope Of
Cut Bank field. He expects to
again engage in drilling and the
production of oil.
THE Montana gasoline campaign
must be carried on vigorously" he
said Wednesday, mot only TO con-
solidate our gains but to support
the agencies which are investing
large sums of money TO give us a
permanent market for our crude
The opening of new outlets is only
the beginning. The producers owe
their loyalty to the Montana refin-
ers who are developing capacity to
care for the Montana gasoline bust
ness and the Buy Montana" idea
must be kept before the public I'M
til such time as a definite market
structure is established permanently
in Montana"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-12-10
INDIAN VS.. OIL

White man comes and makes up rig
Up on the hill and starts to dig
Indian watches white man toll,
Thinkum maybe get some oil,
Thinkum driller heap big fool
Sets all day on old pine stool.
Toolie swingum heap big wrench
Then go sleep on greasy bench.
Night time come-no 60 to bed,
Another outfit come instead,
Never stopum work like hell.
That's the way they drillum well,
Driller gettum heap big pay
Cashum check and go away,
Oil still flows in big steel tank
Ne got money in the bank.
Buy a car and break him quick
Left the damn thing in the creek,
Buy two more and maybe three
One for squaw and two for me.
Buy papoose a pair of shoes
Spend what's left on wildcat
booze,
Have good time. but go to jail
Good friend comes and goesum
bail,
Banker say my money gone,
Bye and bye some more comes on.
That's the way the oil she goes
White man getsum, Injun blows.
Me think driller heap damn fool
Sets all day on old pine stool
Mistress: You know, l suspect
that my husband is having an af-
fair with his stenographer.
Maid Oh, I don't believe it,
You're just trying to make me
jealous.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-12-10

The old. grizzled driller called
for a bowl of soup. The waitress
brought in a bowl of bullion. The
driller stirred the clear fluid and
then shouted after the retreating
waitress: Hey, sister Take this
back and run the can a little deep
er. 1 want some cuttings in it,"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-12-10

A pretty young nurse was sell
ing peoples. A salesman told her
that he would give her a IS bill
for a poppy provided she would
promise to nurse him if he ever
went to her hospital She agreed.
by the way" the salesman ask
ed, where is your hospital?"
Il am at the Queen Charlotte's
Maternity Hospital" meekly replied
the pretty nurse. putting the five
spot in the box.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-12-10

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