davidaulloa/AmericanStories huggingface dataset:
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-01

oil industry, we believe that royalty in
vestments offer a safer, more conserva-
tive investment than ever before, yet
afford a speculated element wherein a
small investment can provide an in
come for many years The first con-
sideratfon is a thorough understanding
of royalties and dealings through re-
sponsible concern.
This organization is preparing a publ
cation on the handling of royalty estates,
as an example of the service we render.
Only when some of our older members
began dropping off did we realize the
Importance of the anticipation of death.
in the handling of royalty titles. In
this day of almost confiscatory inheritance
taxes it Is most important that we look
forward to the inevitable day when our
royalty properties must be passed on
to other members of our family.
We recently encountered a case where
a nonresident member passed way; an
administrator was named in his native
state and the will was probated under
the laws of that state. His heirs
were called upon to pay inheritance
taxes on his royalties. Because they
were paying a high rate of return on the
investment, as compared with ordinary
investments. they were appraised far too
high The estate paid more inheritance
tax than should have been paid. A
recent supreme court decision held that
inheritance taxes can be collected by
two states.
Thus in order TO distribute the royalty
among the heirs, It became necessary to
probate the estate under the laws of
Montana. Again the estate was sub
awIa No~
many unnecessary costs, all because the
royalty properties were not properly
handled.
We called upon our attorneys to ad-
wise us as to the proper method of
handling royalties, not with a view to
avoiding just taxes, but to avoiding
UNJUST taxes and unnecessary court
costs.
new publication covering the sub
ject will shortly be ready
Every person who owns a royalty in
the State of Montana should have a
copy of this publication.
Every person should adjust his roy
atty holdings to provide for the protec-
ton of his wife and children before it
is too late.
This publication will mean a tremen-
dous amount of work, for we will have
to prepare hundreds of papers for our
members, to get their properties In
proper order. But this we are willing
and anxious to do, because it means
INCREASING THE VALUE OF EVERY
ROYALTY HELD by every one OF our
members.
incidentally, it means a change in the
future wording of our royalty deeds,
where our members wish to take adyan-
tage Of the counsel we are willing to
give.
This publication will be sent FREE
to members A charge Of 81 will be
made to non-members, who upon pay
ment of this fee will become entitled to
receive our publication for a period Of
six months
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-01
Every Royalty Owner Who Does
Not Expect To Live Forever
Should Have This New Publication

down by Benjamin Franklin If money
is put in a vault at per cent interest
the man with an occasional $40 bill
to so invest will not get very far ahead
Nobody can make a fortune by saving
money from a salary or from wages.
Every American knows that-but what
can he do about it today? The average
American has enough courage to gamble
on a new enterprise; to gamble on the
moneymaking ability of a genius or on
an organization of clever men, The tre-
mendous back-swing of the last few
years to gambling, from roulette wheel
to race track, is best evidence that the
American public is willing to risk $40
bills to get ahead, but where in legiti-
mate industry can one find that oppor-
tunity?
1t is natural that we should say that
the one outstanding opportunity in the
investment world today is in landowners
royalties. That statement stands as alb
solutely true provided:
1. The investor has an intelligent
understanding of the oil industry.
2. The price paid is proportionate to
the risk involved.
Investment in royalties is differ
ent from placing a dollar on a number
on a roulette wheel. The investor who
thinks he can toss his $40 bills onto an
oil field and get back a fortune is almost
certain of disappointment He must
understand HOW he can make money in
royalties.
TO- oro tbsn1 nLo,,I5 1voo,,
ing his investment ACTIVE The old
fashioned horse trader who became rich
did not become rich by getting one horse
and keeping it. He became rich by
keeDing his original investment working,
trading back and forth and by his own
cleverness improving his position.
The most successful royalty owners
we know are the ones who are of the
atty with the funds at hand. Then they
sell part of occasionally all of 1t when
a suitable profit arrives-and put the
money back to work mo horse trader
of the old days ever had the opportunity
that royalty trading offers. providing he
can buy royalties at bargain prices
What is a bargain price?
The answer to that question is the
key to success.
That question is answered. by the pub
LEGATIONS of this organization.
Since this organization has been in
active operation we have seen more than
$12,000,000 paid to Montana royalty
owners. Every year sees half a million
dollars or more paid to Montana royalty
owners. Who gets this money? Only
those who OWN Montana oil royalties.
There are few farms on which the land
owner has not sold at least HALF of his
royalty before the day of large produc-
ton. Accordingly, INVESTORS are
sharing royalty fortunes. We do not
have to guess WHO is getting the money
as we can secure from the tax rolls the
complete list of royalty owners on each
and every farm and find therefrom how
much each one has received and is re-
ceiving each year.
In this day of applied science in the
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-01

A great deal is being written about
~ the dearth of investment money in
the United States today. as the
most important contributing factor in
the failure of this country to recover
from the depression. Pump printing"
has dumped billions of dollars into bust
ness channels but it has failed to un-
leash the investment money necessary
to give PERMANENT employment to
in men.
Many people, including some high
governmental POSITIONS blame big
business" for the lack of money with
which to start up the wheels of in
dustry. They think that investment
capital comes from the great corpora
tions when in fact it never has and
never will INVESTMENT CAPITAL
COMES IN TWENTY DOLLAR BILLS
FROM THE RANK AND FILE OF THE
PEOPLE.
1t is stated that there are $4,000
stockholders in the United States Steel
corporation Around so per cent Of the
stock is held by stockholders who have
less than 100 shares each.
The Pennsylvania railroad company
has over $4,000 Shareholders Of which
42,315 are women.
The American Sugar Refining Com
pany has over 5000 stockholders who
own five shares each.
These are only three of thousands of
corporations that are built on subscrip-
tions of sums of less than 500 by
hundreds of thousands of investors
Were it not for the tens of thousands
of investors of medium and moderate
means-the PUBLIC-the big corpora
tions, railroads. industrial and financial
enterprises would not be possible. That
is the backbone of the American CAPT.
talistic system.
Any who studies the current stock is
sues which pass through the Securi-
ties & Exchange commission will dds
cover that little money has been raised
in recent years The stock and bond
issues have been, for the most part, TO
REFUND older securities which carried
a higher rate of interest These corpo
rations have not paid off their bonded
indebtedness-hav merely postponed the
day of reckoning. Most of the stock
and bonds have been EXCHANGED
therefore no money has been made avail
able to put the wheels of industry back
in motion.
1t is a fact that the small investor
who owns the money has received in the
past but small return for its use while
the large profits have gone to the bank
ers and industrial giants who borrowed
and used it, However, the fact that the
public DID furnish the money in the
past has built up great industries that
have given employment to men at high
wages.
A man seeking investment today is at
a loss to know what to do with his
money. He can put it in government
bonds but it will get him nowhere
Unless money is put to work and earns
more money than the owner can earn
with his hands, it will never achieve
financial security for him.
Money makes money and the money
that money makes, makes more money"
was the American precept of profit laid
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-01

oil is the blood of the earth flOrCqng through for
{ fumes field only to enrich the courageous 1t
- sometimes reqcardS the nonthnking business
Stacker brt it ne7er lifts the burden from the back OF
business co7eard Its pins marks of success generally
90 to those qUho combine degree of thought 70rth
action
The Washington times., 1939-01-18

(world Copyright, 1899, by King Fea-
lures Syndicate, Inc. All rights re-
served. Reproduction in full or in
part strictly proLibited.)
TEIE formidable list Of those
l. 18 farm Senators who were
supposed to be backing the new
Frazier-Lemke price-fixing bill
is getting weaker.
South Dakota's Senator Bulow
quietly erased his name, saying
he had not authorized its use.
One other Senator has an
nounced privately to his col
leagues he is Withdrawing, while
several others IRE looking for an
informal exit.
What fooled some of the Sena-
tors and the public was the onnis-
sion Of any reference to price
fixing" in original publicity. But
the bill does propose to fix
them-and vigorously.
First it tells the Secretary Of
Agriculture to find out the cost
of production Of all major farm
products simple matter Of
aScertaining the cost Of land,
mortgage, seed and labor Of
every acre in the country, no two
Of Which are exactly alike. The
price Of the product is then
fixed and anv miller nroceSS0r.
ginner or handler who fails to
pay the "cost-of-production"
price can go to jail for one year
AMI pay $1,000 fine.
The Washington times., 1939-01-18
Bill ReVokes Power
To ReVaIue Silver

Senator John q. Townsend, jr.,
(R.) Of Delaware has introduced
q bill into the Senate to revoke
the Presidents power to revalue
silver, acquire silver, or to further
issue silver certificates.
The bill would also authorize
the Secretary Of the Treasury to
sell 1,700, ,000, 900 ounces Of silver
at such prices as he deems in the
best interests Of the Unite d
States" In addition, TownSend'S
proposed bill would set aside q
500, ,00O, 900 ounce reserve Of the
Governments present silver hold
ings to meet future subsidiary sill
yer coinage requirements Of the
mint.
The Washington times., 1939-01-18

sticks his nose through the
door, UP go all the windows.
It's a standing order and no
body really minds-except Of
course that the rest Of the
snack Is finished with cold and
stiff fingers. The mattresses in
their thin uniforms don't
mind. Such is the charm Of
Justice Wheat and the District
Court. However, last week the
Justice himself was "laid low"
for a few days. He was much
missed in the Coffee Shop Zone
The Washington times., 1939-01-18
II Duce to Deal Later

TT 8. DIPLOMATS are not
" smoking up very much
over the Chamberlain failure In
Rome. They have a hunch the
Duce will be ready to deal as
soon as he wins in Spain. All
they expect him to get in the
deal is a minor say in the man
agement Of the Suez Canal and
access to the Djibouti Railway.
He will think this will open up
Ethiopia to Rome And 1t Will
as long as he remains peace
full. But no one here can con-
jure a life-Size picture OF Britain
and France letting Mussy get a
hold which could not readily be
broken in case of trouble.
No Italian troops will be al
lowed to get very close to Suez,
for example.
The Washington times., 1939-01-18
FOrsee End. of War

ONE Of General Frances gen.
" erals is saying they will be
in Barcelona in 80 days. Author
tiles here would say 30 days
probably.
II and when Franco arrives
in Barcelona the war will be
over. While the Madrid loyal
ist sector is larger, its military
strength rests mostly on BARGE
Iona, where the military COM
mand, government officials and
main supplies are quartered. It
would be militarily impossible
for the loyalists to maintain
themselves long once their new
capital has fallen.
What strengthens local belief
that Frances general is nearly
right Is evidence that there
will be no Intervention from
Britain and France. Also there
is evidence Mussolini will not
withdraw from Spain until
Franco has won.
The Washington times., 1939-01-18
By tEUie' Robert

daughter of Joseph E. Davies. our Ambassador to
Belgium, is engaged. The lucky fellow is Robert
Leon GroSjean, a Belgian, the son of long line
of bankers am told he is very handsome and
simply charming. The relationship between the
future Madame Grosjean and myself is as fol-
who married Millard Tydings of the Free State of
Maryland and who needs no introduction; Rahel,
who had the exquisite taste and good (?) for
tune to marry my brother, Aldace Walker, and
the baby, Emlen Knight-so to be related in
The Washington times., 1939-01-18
Add Literary Gems

IRON an official announce
l. ment by the $50, ,000-a-year
Interior Department publicity
section January Is:
ut is thrilling to watch q flock
of Canada geese, etc. It is
amusing to listen to the twitter"
ing and whistling noises Of q
flock of ducks It Is amazing
to see a muskrat build It Is
breathtaking to paddle around
a bend 1t is tempting to pass
beneath a tree It is pitiful
to hear the squeaks and SquealS
Of the lesser mammals It Is
beautiful to hear a mock1ng
bird . It is terrifying ="
It is nauseating to see the tax
The Washington times., 1939-01-18

"The people Of Washington
must be given the right to run
their own affairs" he said. I'm
for going all the way. Give them
their rights as Americans.
The Washington times., 1939-01-18

Senator Bob Reynolds CD Of
North Carolina, yesterday joined
the ranks of the supporters Of the
Lewis s-Randolph joint resolution to
bring suffrage to the District Of
Columbia.
The Washington times., 1939-01-18
NeU Coal Prices

MARCH IS has been set
W1 privately by the Coal Com
mission for announcing new
coal prices-and they probably
will be up.
One interesting part Of it Is
that two weeks later, John
Lewis must conclude negotiar
tions for q new contract. His
The Washington times., 1939-01-18

of a measure which would have
permitted local referendums to
permit the citizenry to express
their sentiments on District of Co.
lumbia matters.
The suffrage resolution was the
The Washington times., 1939-01-18
Senator Reynolds Supports Washngtons Fight for Ballot

give only national representation
to the Districts also pending
on Capitol Hill. It is backed by
senator Arthur Capper CRO. IT
Kansas, and Representative Mary
Norton (DD, of New Jersey.
The Washington times., 1939-01-18

subject Of extensive hearings last
year before the House Judiciary
Committee headed by Represent
ative Hatton Summers CD, Of
Texas.
A second resolution-this to
The Washington times., 1939-01-18

AAA4NoONA III VA1O NOH~SS "S3"OK7 WIZ EV1e RObeFt
way or another). Nobody KNOWS for sure if it
was cold he had-but personally doubt it-as
the rumor is that he has the warmest and
woolliest and longest Of the "reds" However, I'm
glad to see he's up and about again, because
draught draft. or no draught draft he's swell
The Washington times., 1939-01-18

two.year agreement with the
operators ends April !. Lewis
will no doubt ask for a wage
boost, but the operators will de-
cline it, and the present wage
scale probably will be continued
two years.
The Washington times., 1939-01-18
Not OUerly Concerned

A MOTHER indication that
IA FDR does not really expect
a European war in the spring:
He has let it be known he
hopes to go to the Caribbean
February 18 to watch the naval
maneuvers, a trip which would
require about two weeks. He
has also said he wants to 60 to
Warm Springs for another two
weeks.
The Washington times., 1939-01-18
Ewes Rib

TT APPEARS that Chief Justice Alfred A. Wheat
of the District Court is fresh air fiend.
When he comes into the Mayflower Coffee Shop,
those who know reach for their camels hair"
instead Of q Camel-for the very moment he
The Washington times., 1939-01-18
Nuggets

DULK of communications op-
ID posing Felix Frankfurter
for the Supreme Court came
from the Middle West =. Col
leagues are now calling Mr..
Garner Cactus Jack Brum-
mel" He has a new suit, a
light gray one, which glowS {.
the Senate crowd is figuring to
accept the House relief cut {.
Within the last few weeks Rus
sia has adopted a system Of
issuing a booklet like a passport
to its workers, setting forth
their working records. Idea is
to cut down migration Of
workers, keep closer tab on
their efficiency, If any.
Earl Browder, secretary Of
fhe Communist party. has sent
each Congressman a denuncia-
ton of the Dies committee
which is just about all Chair
man Dies needed to get a new
appropriation for continuing
his investigation Of Browder.
The Washington times., 1939-01-18
WEDDING AT "oAN\NGvoN"

even such peculiar way as that to this grand
family of gals makes me pretty lucky, don't you
think?
The Davies-Grosjean wedding will be at Oak
ington, the lovely country place in Maryland
owned by the Tydings and it will be towards the
end of May. If I remember correctly previous
party of the Tydings' at oakington-the wedding
will be somepin' lovely.
"Stand in Sunlight"
MIR. MHALE national committeeman from
AVA Indiana, and Paul McNutt's campaign mana
ger, made statement the other day. IF man
isn't strong enough to stand the sunlight now,
he'll never be. believe Paul McNutt thrives on
sunshine" He's going to offer Paul McNutt as
"a Conservative New Dealer"-thereby killing
several birds with one stone, he thinks. He could
offer him as a sun-worshipper, too. Then we
could either take or reject his offer as we see
fit-of course having the additional information
about the sun spot.
The Washington times., 1939-01-18
Behind the News By Paul Dlallon

payers money roll out in the
preparation and circulation of
such stuff, but an announcement
to that effect has not yet been
made.
The Washington times., 1939-01-18

SCHOOLS AND COLLEGES
The Washington times., 1939-01-18
SAVE ON DINING ROOM SUIT

7-Pc Mahogany Dinette Suites, Dune an Phyfe Tab
Rapids make ...............
10-Pc. 18th Century Mahogany Dining Room, sheIc
1O-Pc Solid Carved Oak Dining Room Suite .....
1O-Pc Modern Oriental Walnut Dining Room Suit
1O-Pc Swedish Modern Beached Mahogany Dining
lo-Pc 18th Century Dining Room Suite, mahogany
7-Pc Solid Rock Maple Dinette Suite. ..........
The Washington times., 1939-01-18
SAVE ON LIVING ROOI

2Pc French Custommade Living Room rayon bocatee down
2Pc KroehIer-Made Mohair BedDsvenpOrt Suite .55C
2Pc Swedish Modern Living Room Suite solid walnut frame 1926
2-Pc 18th Century Rsyon Damask Living Room ...l29C
2Pc Modern Frieze Living Room Of saeess construction
2-Pc jamestown Lounge Solid Carved Oak Living Room .249C
Evening star., 1939-09-03
The
MAILBOX
CHASED BY UNKNOWN"

Dear Editor: One day my sister
and were just coming back from
trip to the store for my mother. AS
we turned the corner we heard a
queer noise coming from behind
clump of bushes.
We were a little scared, but we
kept on walking, and when we
reached the bushes large animal
with long hair on its body and long
horns on its head came running to-
ward us.
was badly frightened, and as We
were right in front of a house I
ran up on the porch and knocked
on the door, but no one came.
My sister didn't scare as easily as
I, or else she was too scared to move,
but she just stood there The animal
kept coming toward her, 50 she
started running around and around
the tree, with the animal chasing
her.
I started screaming and so did
she. Some men heard us and came
running with clubs to chase the ami
NAL away. They were just in the
nick of time, because it had knocked
my sister down and was butting her.
The men locked the animal up,
and when we thanked them and
asked them what the animal was.
they replied:
''It is an Angora goat
HENRIETTA GLOVER, IA.
Evening star., 1939-09-03
Four Pet Chickens
Are Given Names
OF Flowers
BY HELEN STRUNK, 13,
Taft Junior High School.

My brother and I have four chick
ems. When we got them they were
small baby chicks and we named
them for f1owers-Tulip, Violet, But
tercup and Sunfower. We thought
at first we would raise them until
they got large enough to lay eggs
and then sell them. Now we are
too fond of them and don't want
to sell them.
When they were little we fed
them with the finest chicken feeds,
but now they eat almost anything
such as tomatoes, raw and cooked
oatmeal and breadcrumbs.
Violet is my mothers pet, because
when Violet was a baby chick she
was very sick and mother made
her we'll. Violet is the smallest
chicken of them all.
Tulip is my chicken. I named
her Tulip because she was so small
and yellow as q baby chick. Later,
when she got few weeks older,
she became reddish brown and I
changed her name to Ginger. I
think she is the prettiest of them all
My father said, Ginger is ready
for the frying pan" But he was
only joking I wouldn't sell Ginger
for anything.
Evening star., 1939-09-03
LOST IN SWAMP,

Dear Editor: One sunny day my
mother sent four of my sisters and
me of to school. We had to follow
a path through the woods, and there
was a swamp near the path.
We had never followed the swamp.
so we decided to take off our shoes
and follow the swamp instead o,
going to school.
After while we were lost. We
saw snake and I thought he was
going to bit me- Once we came to
some quicksand and my sister
stepped into 1t. We grabbed her and
pulled her out.
At last we came to the road. Then
we came to a house where there
were some fierce dogs, and they
chased us into the briars.
During this time my father and
brothers had started looking for us
when they didn't find us at school.
While they were looking, we arrived
at school.
Our feet were scratched and bleed
ing, but the teacher wiped of our
feet and sent us home. I never fol-
lowed the swamp again.
DOROTHY MCPHERSON, 10.
Evening star., 1939-09-03
Clouds
Prize Contribution.
Nv TuOMAS uAUK ~

Pffze Contribution.
BY THOMAS HAWK, II.
Eastern High School,
When cold rain slants against the
land,
The distant views are blotted out,
And chill clouds drop like great
gloved hands
To hide the country all about.
Though it rains SO drearily here,
My plane will find soft white sea
Upward 5000 feet. quite near,
Stretching to blue infinity.
Sometimes the climb is greater still
Than my ship, at best, can do;
Then the black storm formation will
Tower unconquered in the blue.
No matter whether there be ice
Or snow or cold gray mist to fly,
The wall-card motto will suffice,
Behind the clouds, the sun is
nigh"
Ever shining on rearing shapes,
Lighting them with brilliant cheer,
Showing gigantic lumpy apes
Mocking my great man-made
machine.
The airman views most joyfully
Glimpses of earth through
openings,
Scenes Of country or placid sea
Framed by the clouds beneath his
wings.
Evening star., 1939-09-03

ally, and has a tin roof, insuring
dry passengers in wet weather Two
tin cans are the headlights and they
lack only candles to make them of
real use. Bobby is the No. / driver,
but he takes turns with John and
Alfred in pushing the bus when
business beckons.
-Four passengers is limit load
for the miniature bus, and single
rides around the block costs cents
The enterprising boys, however, have
printed weekly passes, good for 10
rides, at price of Is cents. The
line is prepared to carry freight,
too, in the form of neighbors' gro
ceries from store to home. The
freight rate, says Bobby, is cents
per block.
Stockholders return on their in
vestment will come. John explained.
after we start making money, and
after our expenses of so or IS cents
a week are taken out.
Right now," he pointed out, I'VE
have no money. We're financially
embarrassed"