davidaulloa/AmericanStories huggingface dataset:
The Waterbury Democrat., 1939-06-02
LEADERS TRAINING
 COURSES CONTINUE

The second class in the leaders training course will be held this aft- ernoon at 800 o'clock. This course is set up to train lily members for leadership in the Central Y. Sum- mer program for boys. The class today will include gymnasium work, relay races, and recreational games, followed by period in the swim ming pool where general principles of swimming pool conduct will be presented. Training classes are scheduled for each Tuesday and Fri day afternoon during the month of June.
 Fifteen boys have signed up for the training course. Seth Goodwin and Walter Malins are in charge of training the leaders.
The Waterbury Democrat., 1939-06-02
LAKE FIREWORKS
 TOMORROW NIGHT
Fletcher Henderson and Orchestra Sunday At=
 traction at CompOunce

Fletcher Henderson and his fa- nous broadcasting and recording or- chestra will make their initial ap- pearance at the Lake Compounce ballroom Sunday night.
 Henderson has always been known for his arrangements of the popular music of the day. His work is in demand by many famous white or chestras of the country who pay him fancy prices to arrange orchestra tions for their radio programs. List ed among these are Casa Loma, Benny Goodman, Isham Jones and Ray Noble. When an individual or- chestra leader is recognized as a genius by a host of other orchestras, that is sure proof of success and ability.
 Fletcher Henderson has attained tremendous popularity through his major network broadcasts and his Victor recordings. Featured with the organization are John Kirby, sen- sational. baSs-player; Buster Bailey, one of the country's most celebrated clarinetists; Gnu" Berry, featured saxophonist; and Teddy Lewis, vo- calist.
 Lake Compounce is now on full summer schedule. This historic re- sort provides ideal facilities for pic. nics, outings, conventions and din- ner parties. Dinners and luncheons are served daily at reasonable prices. Starting next week the Hal McIn- tyre orchestra will play for dancing on Wednesday night as well as Sat- urday, and on Saturday the huge ballroom will be used exclusively for dancing to accommodate the large crowds. Every Thursday night the Krakowska orchestra entertains the polka fans at Compounce.
 Fireworks are a regular weekly feature on Saturdays and Sunday afternoon the concert will be pre- sented by the New Departure band of Bristol. Four new RIGA speakers of the very latest type have been added to the elaborate sound sys- tenn at Compounce to reinforce the band music.
The Waterbury Democrat., 1939-06-02
Nhalen In Strategic Spot for County Position
LaveryR RenamedHead
 Of Conn. C. Of c.
Annual Meeting Held in Hartford This Week-Water-
 bury Delegation Present for Activities

The Connecticut Chamber of Commerce at its annual meeting in Hartford Monday. elected Albert Lavery of Fairfield, vice-president of the Bridgeport Hydraulic Company, to serve another term as president. It will be MT. Lavery's sixth year as head of the state chamber.
 A delegation from Waterbury att tended the state meeting, which was held at the Hotel Bond.
 Other officers elected are: Vice. president, Nelson w. Pickering, president Farrell Birmingham Company, Ansonia, and Lester E. Shippee, vice-presidents, Hartford Connecticut Trust Company, and treasurer, R. LaMotte Russell, treas urer, Savings Bank of Manchester. F. w. Orr, of New Haven was re-
The Waterbury Democrat., 1939-06-02
LIONS CLUB HAS ELECTION
Taylor Succeeds Calvin as President; ; New Conl-
 mittees Are Named

Succeeding Francis J. Calvin, Will liam o. Taylor was elected president of the Waterbury Lions club at a meeting yesterday in The Elton.
 Other officers elected were: Fire vice-president, James A. Mill lar; second vice-president, Charles Greenblatt; third vice-president, William A. Washburn, Jr.; treas urer, Merwin s. Bronson; secre- tary, J. Sidney Pearson; lion tanner, E. Norton Decker; tail twister, Dr. Glenn D. Sweet; directors for two years, Layton A. Rose and Francis J. Calvin; for one year, Robert L. Lagerquist and Anthony R. Nastri.
 President Calvin also announced the names of the committees on the Lion health farm in Bantam.
 They are: Maintenance, Layton A. Rose, chairman, Edward s. Smith, and Edward A. Barrows; farm operation, J. Sidney Pear son, chairman, E. Norton Decker, James A. Millar, George A. Bar onian, Anthony R. Nastri; food, Charles Greenblatt, chairman, Har- " X. Cashin. Adolph Raymond, and James o. Adams; children's committee, James A. Phelan, chairman, Dr. John H. Freiheit, Charles Manganara and Arthur J. Lunny.
 Delegates to the Danbury con- vention June are as follows: Charles Greenblatt, MT. and Mrs. Lagerquist, MT. Washburn, MT. and Mrs. Millar, MT. and Mrs Harry x. Cashin, Mir Nastri, MT. Calvin, MT. and Mrs. Pearson, MT. and Mrs. Taylor, MT. and Mrs. Rose.
 Or. Arthur Dubois of the Scovill Mfg. Co.,, was the speaker. He com- pared modern methods of manufac- turing with the methods employed in the earlier eraS
The Waterbury Democrat., 1939-06-02
Leading Candidate

leading candidates for the post of county sealer of weights and meas ures. The position pays $2,5oO an- nually.
 Forces led by Representative Waldo Blakeslee, of North Haven, succeeded yesterday in defeating Commissioners Walter and Gerrish for renomination. Nominated for four year terms were Richard Clarke, of Wallingford, and Charles F. Sherry, of Seymour. Nomination for a two-year term was given Arthur Judd, of Middlebury, who was named to fill the unexpired portion of the term of Commis- siorer Matthew A. Daly, of New Hap,n, resigned. @
 The names of the three Republi-
The Waterbury Democrat., 1939-06-02

Thomas w. Ryley, treasurer, East ern Machine Screw Corporation, New Haven, and Clarence T. Thom- pson, president, Stamford Trust Company, Stamford.
 Group directors for two years: Agriculture, Frank H. Peet, Kent; banking, Dwight L. Chamberlain, first vice-president, First National Bank and Trust Company, New Haven; industries, Frank H. Lee, Jr., president, Frank H. Lee Com pany, Danbury.
 Insurance, William L. Mooney, Aetna Life Insurance Company; public utilities, Samuel Ferguson,
The Waterbury Democrat., 1939-06-02
HOLY NAME QUOT
 LEAGUE IS PLANNED
St. Thomas Group 10 Meet Tonight; Timothy Shea
 Is Chairman

The St. Thomas Holy Name So- ciety will hold a special meeting to- night at 7:30 o'clock, the purpose of which will be to form the Quoit League for the coming season.
 The work is about completed for the new club grounds which will accommodate four quoit matches at one time. Timothy Shea, chairman of the Quoit League has been su- peryising the work for the last month and reports the grounds in excellent condition.
 Also, several matches with teams throughout the city have been ar- ranged and from the enthusiasm of the members, it is expected that this will be one of the most successful seasons.
 Jackie Grout is secretary of the league.
The Waterbury Democrat., 1939-06-02
DRUM CORPS GOING
 TO MERIDEN EVENT

The St. Stanislaus Junior Fife and Drum Corps will leave the church on East Farm street tomorrow aft ernoon at 12:30 by bus for Meriden to take part in field day given by the Washington Park Juniors of that city. The corps will also go into competition after the parade which is scheduled for 2 o'clock. Two of the boys in the fife section will be entered in individual fling. Those chosen for this competition are Chester OStroski and Emil Swierzin- ski.
The Waterbury Democrat., 1939-06-02
FORECLOSURE ASKED
 IN ACTION FILED

J. Alexander Lemieux of Wolcott yesterday named William Robillard of Waterbury defendant in a su- perior court action, seeking foreclos- ure of an $850 mortgage note. The note is claimed to be dated June 21, 1930.
The Waterbury Democrat., 1939-06-02
Reelected

appointed executive vice-presiednt and secretary.
 The following directors were elected:
 Two-year terms, c. L. Campbell president, Connecticut Light and Power Company; John T. Chidsey chairman of the board, Veeder-Root Inc; Francis s. Murphy, general manager, The Hartford Times;
The Waterbury Democrat., 1939-06-02
Special to The Democratl

State Capitol, Hartford, June 9. = Overthrow of County Commissioners Jacob Walter, of Cheshire, and Rob- ert Gerrish, of Hamden. at yester- days caucus of New Haven County legislators has made Representative Martin Whalen, of Wolcott, the
The Waterbury Democrat., 1939-06-02

Air passenger, mail and freight service is to be inaugurated be- tween Rome and Buenos Aires, Ar gentina, and one round trip week is planned.
The Waterbury Democrat., 1939-06-02

president Hartford E.S.tI|t If6I Company: trade and commerce. C. D. Williams. First |rI'1U1. Stores Inc. East Hartford.
The Waterbury Democrat., 1939-06-02

Germany purchased nearly 19,- 100000 board feet of pine lumber in Brazil last year. nearly eight times the amount bought in 1887.
The Waterbury Democrat., 1939-06-02

Siam has a youth movement.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-05-06

mission and sold it to an uneducated
public.
If this organization has done nothing
else. it has preached the basis of royalty
values to a point where no person who
buys royalties through is in doubt as
to the reasOnabIeness of "A royalty price
We ourselves had to learn the lesson by
sad experience in the early days fol-
lowing Cat Creek. Cat Creek has per-
acre recovery comparable with some OF
the great oil fields of the MidcOntinent.
When other fields were developed in Mon
tana we were inclined TO use Cat Creek
as a basis of value. That was wrong, Cat
Creek has yielded $4,000 worth of oil
Der acre. We find that this is seven times
more than we can expect from the Az
ERAGE acre of other oil fields. Some
good petroleum engineers figure higher
than $4,000 per acre recovery in other
fields, but we believe that it is foolish
TO go that high.
How are we to know how much an
acre of ground will produce?
We can answer this question by say
ing that there is no petroleum engineer
who can stand on an acre of ground
and tell how much oil that acre will pro-
duce In Kevin-Sunburst he might guess
any figure at all and be wrong, for
there are leases that have produced
$1,000 to $4,000 per acre. But that fact
does not offer a measuring stick. The
only safe way to guess on the future is
to look at the past. We find that the
average productive acre in KeVin-Sun-
burst, based on figures of the Oil Con-
serVatiOn Board, has yielded around
81 500 worth of oil to date That counts
the area drained" by dry holes as well
as producing wells. This gives us bet
ter yard stick than any estimate a Pc
troIeum engineer can give.
In the early days of Kevin-Sunburst
we asked Dorsey Hager, noted geolOgist
and author, for a .yardstick to guide us
in Kevin-Sunburst.
IF you never pay more than So per
cent per acre, YOU will not go wrong,
he said.
He figured that to pay out, tract
must produce only $500 worth of oil
per acre $500 barrel per acre at 81 per
barely. To double the money, it must
make 81 900 worth of oil per acre; to
treble the money, it must make 81, 800
worth of oil per acre; and so on.
what is the maximum average to
cxpect?" we asked him.
Don't believe anyone who answers
that question:" he warned, refusing to
make an estimate for there were less
than 100 wells on which to base iudg-
ment at that time. Included were such
famous gushers as the Mid-NOrthern-
HOwling No. 3, the OhiO-Baker No. 3 the
notwithstanding No. 3 and others.
But he refused to accept them as indi-
cative of the AVERAGE yield. When we
insisted on a figure, he finally told us
never to expect an average of more
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-05-06
WHAT Is A BILLION DoLLARs9

S2oooooooo less yearly collected from the petro-
lem industry.
What could Sl2O0O00O00 year do?- 80
Furnish So every and child in the United
States based l30000000 populations
Furnish $276O that onehrd of the United States
population which / is charged underpriyieged;
Paw twice the cost Of of all Of the colleges and
universities United which $456OOOOOO IN 1854
is equivalent ~.
Of maintaining the Army and the Navy OF the Uteo
States in 1885, which $974157232
T.. 49,,
which was $7,200000
1t S equal to- , ,oo- iii
were 1926 00O00
Twelve times the net income Of all United corporations
in 1884 which $94, 100000
-
More than three the paid by the railroads OF the
United States in 1897, which $352O47524
What has become Of this 81 20000OOOO9 -.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-05-06
DIESEL OIL TAX
5 CENTS GALLON

HELENA - Montana motorists
who use diesel fuel in their cars
must pay a 5-cent-a-gallon tax just
the, same as those who burn gaso-
line, the state board of equaliza-
tion ruled.
Members of the board passed a
resolution which requires gasoline
dealers, service stations and re-
finers selling diesel fuel to indivi-
duals to collect the tax and submit
monthly collections of such taxes
to the state commission.
Chairman E. A. Dye and mem
bers Sam D. GOA and John A. Mat
thews said the ruling had resulted
for the sale of new appliance in
Montana. which may be fitted to
ordinary automobiles and which al
lows for the burning of diesel fuel
rather than gasoline.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-05-06
THE EAST IS CATCHING UP

than $4,000 worth of oil from the aver
age acre. We have seen that figure ex-
ceeded on the Lashbaugh, on the En-
mons permit, the Stannard, the Byrne,
the Section SO State and many others,
but time has proven the guess Che call
ed it a guess) a good one.
We adhered pretty well to that maxi
mum price he suggested and have prof
tied thereby.
When we went into Cut Bank field we
had the same yardstick to work with. We
were dealing with new horizon I'M
known in any other Montana oil field
1t was a sand field and we know nothing
about sand production except in Cat
Creek. Because Cut Bank is % times
larger than Cat Creek, it was unreas-
enable to expect the two to be cOmpar-
able. So merely dropped back on the
Kevin-Sunburst yardstick.
Much to the disgust OF some of our
eastern clients, we have not handled man.
producing royalties for the reason that
to buy them we have to violate the ar
bitrary rules we have set up. If are
going to insist minimum possible re-
turn of five-to-One, We cannot handle
royalties at prices based on RATE OF RE-
TURN, unless the producing royalties are
sold at bargain prices. If they are bar
gain prices then they will come within
the reach of our measuring stick. ana
so we come back to the point of Begin
ming
We have seen fortunes made in roy
aIties but they have NOT been made in
the purchase of high priced royalties
They have been made in the common
sense method of buying either land in
fec simple, with most of the oil rights,
or buying royalties in advance of the
drill at prices so low that two, three or
five hundred barrels of oil per acre VIII
nav out. When eastern royalty dealers
recognize this simple fact, they will be
able to make money for their clients just
as the western investors have made mon
ey The royalties in fields which pro-
duce from $4,000 TO 100000 worth
of oil per acre are for investors with
lots of money. The poor mans royal
ties" will be in fields such as Montana
where we base investment on a recovery
of hundreds rather than thousands of
barrels per acre. The ratio of possible
profit is greater and the risk is less in
Montana, in our estimation, than in the
high Weld areas of the Midcontinent and
Texas. Furthermore, we have before us
the days of large yield that may come
with deep drilling. The owner of land
owners royalty will have that royalty
when the drills start opening up high
pressure horizons below the big lime,
as has been done in Oklahoma City and
other great fields. Today we are buying
royalties ON values ABOVE THE BIG
LIME The oil below the lime is sOme-
thing we know nothing about. But If 1t
is there, then we are going to make for
tunes rather than reasonable return ON
the investment, we now contemplate.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-05-06

The only basis of success in the oil in
dustry is in the OIL IN THE GROUND.
The man who buys a royalty, buys a
lease, drills a well or otherwise invests
his money depends upon that one ele-
mont: the amount of oil in the ground.
He drills a we'll If he has reason to
believe that there is oil enough within
the drainage area to pay for that well,
plus a profit commensurate with the risk
He buys a lease at price that he feels
is a fraction of the value OF the oil com
tanned in the ground.
He buys royalty on the basis of the
amount of oil tract of ground is like
~ to produce.
This simple rule is the one sure guide
in the oil industry. The person has no
intelligent idea of values cannot make
money in any of these branches The
man who knows that standard location
will produce $50 900 worth of oil ON the
average, will not spend $4,000 drilling
a well on that location because his
purpose is to MAKE MONEY and none
can make money taking risk of losing
against a chance of getting his money
back.
All this is so elementary that 1t seems
bit foolish to go over it, especially in
that we have been preaching for years
past. Many times we have had difficulty
i'm holding some of our members to this
line of thinking, especially in the past
when MidcOntinent royalties came on the
market We saw some high pressure
statesmen invade Great Falls and other
Montana cities and sell lot of produc-
ing royalties i'm MidcOntinent fields,
few wears ago. The properties were
earning a rate of return could not
compete with. But the one thing we
couId see was that many of the royalties
offered called for yield of 100000
worth of oil per acre, in some cases, TO
pay out.
No matter how much a royalty may be
earning, If the ground cannot contain
enough oil to pay it out, or if the pro-
liabilities are that such is the case, 1t
is not a good investment in our opinion.
We voiced that opinion in those days,
but were regarded with fishy stare
by some who were inclined to belittle our
'puny" oil fields compared with the
gusher fields of the NIidcontinent
and Texas.
This matter again came to our atten-
ton this week as a result of some ar
ticIes in an eastern Royalty magazine,
in which the authors discuss at length
the ailments of the royalty markets. The
eastern dealers have awakened, after all
these years, to the fact that royalties
are profitable in the proportion of the
cost to the amount of oil in the ground.
Ii points out that most dealers and many
buyers in the past have had no idea of
the basic value of royalties; rather they
paid whatever the landowners or specu-
IatOr asked and thereon placed a COM
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-05-06
HINTRAGER WELL
CONTINUED from Page one)

Drilled in record time with
rotary tools this we'll hit the
Moulton sand, a newly rec
ognized producing horizon OF
the north slope of Cut Bank
field. at 295O feet and had
continuous sand, with no
shale breaks, to 2596. 1t was
cored from 2556 to 2603. It
had oil saturation from $3.50
to 2506. where it entered
shale. When it was drilled in,
with rotary tools, it was car
ried down to 2617, continu-
ing in shale. There was no
water in the sand although
this well is some $50 feet low
er than the Yukon-Jacobson
discovery well, a mile and a
quarter west. The Hintrager
is still 100 feet higher, struc-
turally, than the Kotops well
on the Canadian side of the
border, which had an initial
production of eight barrels
per day, with no oil, from
the Moulton sand.
The Cobb-Vargo No. l
now drilling a half mile north
of the State No. l was ex-
pected to be As feet lower
than the State we'll but it is
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-05-06

reported checking about u
feet lower, on the Colorado
shales. 1t is expected that if
this well is not low enough
to get the oil which is known
to be present in the Moulton
sand in the district, it will be
kept as a producer of wet gas
and a new well will be drilled
a half mile or more north Of
the Vargo location which IS
center SEH NEH 19-37N-
4W.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-05-06

At the breakfast table the other
morning he was relating to his
wife an incident that occurred at
the lodge the previous night. The
president Of the order offered a
silk hat to the brother who could
truthfully say that during his mar
ried life he had not kissed any
woman but his own wife. And
would you believe it, Mary. not a
one stood up" 81
george" his wife said. 9why
didn't you stand up?"
"Wcll," he replied, II was going
to. but you know, dear. l look
like h. in a silk hat"
Mrs. Mandy Johnson-"Ah want
TO see Mr. Remson."
seaetary-"Mr. Remson is en-
gagged
Mrs. Mandy Johnson-"Go long,
gal All don't want to marry him.
Just tell him his washlady is here
TO D. money"
An Englishman visiting an amer
lean ranch was invited TO go horse
back riding and was offered his
choice of an English or western
saddle.
whats the difference" he ask
ed.
"The western saddle has a horn,
he was told.
Il don't think I shall need one
with a horn" he replied. 81 don't
intend to ride in heavy traffic"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-05-06
CUT BANK BUSY PLACE SAYS
JOHN j. GREENE

Much activity prevails at Cut
Bank, due in part to additional re-
finery facilities being constructed
there, according to former Dis
trict Judge John j. Greene, who
has recently opened a law practice
there. In March of this year Greene
retired as a member of the state
board of equalization. The refinery
now being built at Cut Bank will
open the way for further oil devel-
opment in the area, Greene said
while he was in Great Falls Tues
day on business.-Great Falls Tri-
bune.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-05-06
EXTEND FEDERAL GAS TAX

WASHINGTON Roose-
velt has informed Senate Leader
Barley that it will be desirable to
re-enact all Federal excise taxes
which expire June 80, including
those on gasoline, lubricating oil
and pipe line transportation. The
taxes on gasoline and oil are impos-
ed under Chapter 20 and the pipe
line tax under Chapter 30, of the
Internal Revenue Code.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-05-06

This week we are completing the pur-
chase of a tract of farm land less than
one mile from production in Cut Bank
field. If there is any member of this or
ganizatiOn who has hoped to some day
own 40 or 80 acres of potential oil land, to
have and to hold and to handle as his own,
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-05-06
CRUDE on STORAGE

SWEET GRASS. wilson, tank
construction foreman, was here to
find a location for storage tanks
to store crude oil from a Kelvin
producer for the Huff Refining Co.
of Lethbridge Much time has been
wasted by truckmen having to drive
SO far for oil and waiting to clear
the customs Trucks cannot cross
the border at night so crude will be
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-05-06

this is his great opportunity. We are buy
ing it on the basis of GRAZING LAND
from disgruntled owner who was forced
to take the place under mortgage fore
closure. We will furnish details to any
who is interested in buying any part of
this tract up to 100 acres.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-05-06

OH is the Mood Of the earth fio7cang through for
{ fumes fic'd only TO enrich the courageous It
- sometimes REGARDS cgcn the HoH-Hinbing BUSINESS
Stacker bit it nc5cy lifts the burden from the back OF
business co5oard It's pins marks Of success generally
90 to those 5eho combine degree Of thought 71h
action.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-05-06

Editors wife you know, my
husband plays the organ?"
Operators wife: well. if things
don't improve, my husband will
have to get one, too"
Dear Tom:
Come tomorrow evening sure
Papa is at home, but is laid up
with a very sore foot.
See? May. :"
Dear May:
Il can't come tomorrow evening.
I'm laid up on account of your
fathers sore foot.
See?" tom.