davidaulloa/AmericanStories huggingface dataset:
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-01-20

produced and the investors who have
shared the risk likewise receive ~ bar
rels out of each 100 barrels produced.
There are few landowners in Montanas
oil fields who have not sold part of their
royalty. AS a result there are some
1000 persons who own producing royalty
in Montana today. Back in 1921, when
Cat Greek first came into production,
royalties did not seem to amount to
much, from the investors standpoint.
The writer and almost everyone else was
buying stocks and shares in those days,
hoping to make a fortune, spurning
royalties which seemed too hard to un-
derstand. We recall how royalties were
traded for board bills in Winnet, and
for saddles and for anything in lieu
of cash.
But with the development of the Kelvin
field came the wise heads of the Mid
continent where the value of royalties
was fully understood from years of ex-
perience 1t was then that we learned
that the people who were made rich
over night in the oil business were the
OWNERS OF THE LANDOWNER
SHARE OF THE OIL. Thus our plunge
into the royalty business at a time when
many landowners such as William Howl
ing, thought that royalties were of no
value.
Royalties did not seem to offer much
attraction in 1922, when they paid only
S5,072 in Kevin-Sunburst field but at
the same time Cat Greek royalties jumped
to $420,S16 for the year Beginning in
1925, royalties paid more than the COM
bined dividends of all the Montana OPP
orators and have so continued over the
years.
landowners royalties, not. including
overriding royalties taken out of the
operators share) have paid $12, 382,276.
OF this total all save $466,00O has come
from four oil fields, none of which is
exhausted. Cat Creek-supposed to have
been exhausted a decade ago-is still
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-01-20
LET'S IN CALIFORNIA

The Journal is in receipt of
news from California that Captain
Harry G. Let's of Winnet is now
in San Francisco as a member of
the publicity and promotional sales
organization of the Natural Re-
sources company of San Francisco
which is financing oil development
on the west Coast. Natural Re-
sources company is headed by Ben
Dudley, discoverer and father"
of the Lost Hills pool in Kings
county, Calf, who is also known to
the oil fraternity as contractor
in many fields: bob" Pigott, real
estate and oil lease broker, is also
associated with the company.
The company markets 30-acre
tracts, subject to one-sixth land
owners royalties, this being the
California royalty basis rather than
the one-eighth reservation in Mon
tana.
Captain Let's was identified with
the Shelby Lions club campaign on
behalf of Montana-made gasoline,
and is well known in Montana oil
circles.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-01-20

Poor Businessman docking at a
big check that represented a big
sale he had closed AT last, my
deari Now that we have money,
you'll be able to buy yourself some
decent clothes"
His Wife: I'll do nothing Of the
sort. I'll get the same kind of
clothes all the women are wearing"
She: Say you patted my ankle
moment ago; now it's my knee.
He: Well, do you Object?
She: No, but Will pretty soon.
First Gal. you won't be excited
when you pose as Eve for that
handsome artist, will your
Second Gal: mo, but he will"
-
A tall and stately girl is merely
a long, lanky girl with money.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-01-20

Captain. to beautiful youne
hing: Remember, If anything hap.
pens on this trip I want you
on my raft"
Guest departing at LAST Good
BYE Hope / haven't kept you out
Of bed"
Host (politely): That's all
tight. We would have been getting
up soon in any case"
A Kelvin boy who was expec-
ling TO fall into some oil property,
actually did few days ago. He fell
INTO sump. Which is one way of
,ecoming immersed in the business
ses.
The father of the household
vas becoming impatient at the late
ness of the hour. when he said:
II can't see why that young twirp
ral.ing on Sophia hasn't sense
enough to go home. It's past
The inevitable little brother spoke
mp and said:
He can't go, father; sisters
sitting on him"
Bill: What did your wife say
when you got in last night?
Henry: Skip it Bill, I've got
ONE work to do today.
Cus4opoar. Va, r,ada n voistaI1a
n that prescription for my mother
n-law You used strychine instead |
If quinine.
Druggist: Is that so? Well then |
.ou owe me forty cents more.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-01-20

Two oil men we're inspecting the
Journals library in the presence OF
several other guests. One Of them
was reading the titles aloud. He
read the title to one mining publi-
cation, Proper Ore Dressing"
Hugh, protested one of the
other guests. You can talk plain
er than that"
Some folks drown their troubles,
while others take them right out
and give them swimming lessons.
Hobo: Boss, will you give me a
dime for a sandwich"
Marine: Lets see the sandwich"
Mrs: Tonight you stand near
he door and call the guests names
as they arrive"
Butler: "Foine nam, that's what
I've wanted to do for a long time!"
I want spark plug for a Pack
ard
Clerk: I'm sorry we don't sell
spark plugs here.
Lady: What the--kind of
irug store have you got here?
Excitement flushed little Hector's
as he pointed his fork /
It the wriggly worm in his salad.
"Oh, mother! I see a vitamin."
I'D be willing to bet that your
iast is full of mistakes" said the
to the old maid. But the
Id gal Tipped: Well, you'd lose,
ammit"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-01-20
MILE OF SEVEN
INCH PIPE SET
At BROADvIEW
BY f. A. BEELER

BILLINGS Calitana Oil Co. of
Los Angeles has completed setting
Tin. o. d. Casing in the 5129 foot
test, on Broadview dome on Sec.
1S-T3N-R23E, 35 miles northwest
of Billings, in Yellowstone county.
Casing was set at 5000 feet, and ce-
mented by Perkins. 1t is reported
that the operators will drill the plug
and attempt to bring in well some
time the latter part of January.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-01-20
Interesting
Wells Drilling

MOsIy-PctersOn No. 3, Sc NE z
SEA 7-32-5W, was spudded dur
ing the past week, marking the de-
termination of Mosby Oil company
to develop production in a two-mile
square area between producing
pools. The company had one dry
hole and one small producer and
has moved another quarter mile
eastward in its third attempt.
Big West Oil company's Dahl
quist No. 10, CSL NWA NEN 2S-
35-3W one location east of it's
sensational No. 8, is drilling at
1000 feet after setting S-inch
casing.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-01-20

Captain, to beautiful young
hing: Remember. If anything hap
pens on this trip 1 want you
on my raft"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-01-20
ACID AGAIN
tContlnued from Page Onel

Coolidge & CooIidge-McCurdy No.
2, NE NW4 NWH 11-35-3W, kept
on drilling despite the cold, at a
depth of 400 feet. The No. 2 is
two locations north of the No.
which was increased to 240 barrels
per day when drilled deeper and re-
acidized last summer. The No. 2
is northwest of the Perron-Hugi
No 2. and is expected to develop
large production. 1t is in the Rim
rock pool.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-01-20

more than two and three quarters mill
lions of dollars. Overriding royalties.
belonging largely to investors, have paid
nearly as much again. The people who
have made big money in Cat Creek are
the royalty owners although operators
have likewise profited.
Kevin-Sunburst has paid over five and
a half million dollars to royalty owners
and is expected to pay twice as much
again as the field is drilled out and
produced with modern methods.
Cut Bank has paid two and a half mil
lion dollars to royalty owners-nearly as
much as Cat Creek-and its development
has scarcely gone beyond outlining the
pool
Pondera, a smaller field, has paid
royalty owners over three quarters Of a
million dollars and because of the abb
sence of dry holes has been perhaps more
profitable to operators than to royalty
owners.
The four fields named have produced
$11,916,276 for the fortunate owners ,of
royalty and it is safe to estimate that
they will pay as much again from present
producing horizons.
Perhaps this is not ''big business"
but it is big business for the man who
has only a few hundred dollars to invest
and who cannot afford to lose his saw
ings. To those who have built up a
Giving income" Montana royalties are
regarded as the best, safest investment
in the world. The only ones who have
built up living income" are investors
who have invested their time, thought
and mental effort along with their money.
There are exceptions to this rule where
people have invested blindly and made
money, but the exception merely proves
the rule that an investor can succeed,
by following certain established pro-
ceedure.
From beginning of $3.50, 662 in 1921,
royalties have paid an average of $651,-
sos per year for the past 10 years.
with a peak year Of $1,219, S31 From
a half million to a million dollars per
year has been paid to royalty owners
in the past and there is every reason
to believe that similar amounts, at least
will be paid to royalty owners in the
future.
Certain it is that the only persons who
will share this half million dollars or
more per year will be those who NOW
own royalties on Montana oil fields or
who acquire them through purchase.
Royalties are the investment of the
the man who wants
to handle his own investments, buying,
selling and trading as his judgment d.
reefs. Just as the landowner can sell
his royalties. so can the investor. He pays
no salaries and no overhead" excepting
taxes, because he OWNS his royalties
through recorded deeds which give him
complete authority to handle his invest
ments as he sees fit.
Our buying power is increased by in
creased membership, a large number of
small investors making up sums to swing
deals not obtainable to any one individ-
lally. We invite new buyers to join us
and receive the service which this in
stitution has built up in Is years of ex-
perience in royalties.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-01-20
SEVEN WELLS
CONTINUED from Page oneJ

at 1850. 1t set surface casing at
$50.
Santa Rita Rasmussen No. 2,
NE SWh SWA 32-33-5W, is drill
ing at 1925.
Santa Rita-Lander No. 4, C SEA
SWA 16-35-6W, is drilling at
1925. 1t had Colorado shale at SIS
end set casing at 685.
acknowledgement No. 8,
SW SWA NEA 31-34-5W, is still
cleaning out after a 90-quart shot
of nitro glycerin.
SEND a CONTRIBUTION TO
THE SUNBURST BADGER
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-01-20

Il know man who has beer
married 30 years and he spends ev-
cry evening of his life right at
home"
That's what I call love"
THE doctor calls it paralysis.
That's a very attractive sweater
the young lady has on. Aren't
they?
newly married doctor was TAX
ing his young wife out walking one
afternoon when an attractive young
woman bowed to him. The wife,
seeming an earlier love affair, ask
ed: who's the lady, dear?" to
which the doctor replied; "Oh, only
a young woman I have met once
or twice professionally. mo
doubt" said the wife, but whose
yours or hers?"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-01-20
WE BELIEVE

GEOPHYSICAL SURVEYS haze been definitely pro-
indispensable in Montana. E0ery acildcat should
haze both Madison and Devonian highs" deternpi,t-
ed by reflection seSmograbh before drilling begins.
DEEPER DRILLING is essential to 7Wite the real his
tory of the Montana oil industry. The major
source of Montana petroleum is in formations BE-
LOW THE BIG LIME. abandonment of 7VeHs at
the Madison contact is 7caste Of money. Aban-
donDtent of 70eHs at the Cat Greek horizon is stu
Pdity No 7geH should be considered a completion
until it is drilled into the DeUoHian.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-05-11
Reds Divorce
Politics, Army

Military commanders Of the
Russian armed forces have been
made entirely responsible" for
future military operations. and
the divided responsibility between
political and military officers
eliminated. the Soviet press dis
closed Thursday.
Editorials in the communist
party newspaper Prsvda and In
the government mouthpiece lives
tia explained the re-institution Of
Red army generals and Red navy
admirals to a state of full military
authority and responsibility.
The editorials, following substi-
tuition of Marshal Semyon limo
shenko for War Commissar Kle-
mend voroshilov, recalled the
lessons learned by the Red forces
In the far eastern campaigns
against Japan and In Finland.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-05-11
Sales Up in Far West
Department Stores

SAN FRANCIsCO--sales in Far
Western department stores rose
PER cent IN the week ended May
- compared with the correspond.
lnE 1889 week, the 18th district
federal reserve hank reported to-
<sy.
Los Angeles stores showed the
largest gain with . rise Of ID PEI
cent Seattle sales were up Z pei
cent. Portland 9 per cent and Sail
Lake City 4 Stores In Oakland
and San Francisco reported de-
clInes which amounted to PEI
cent IA each city
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-05-11
To Study Report
On Cascade Park

OLYMPIA-The long-awaited re-
port on the proposed Cascade
Mountain national park will be
submitted to the state planning
council at its meeting in Seattle
Saturday. Pat Hetherton. executive
officer. reported today.
The report. drafted by a COM
mittee headed by DR.. r. +, Nc
Connell Of Ellensburg, will be con-
sidered at a closed meeting Of the
council in the morning. At that
time the council will decide what
to do with it and whether to adopt
II as the recommendation Of the
council.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-05-11

jective was the fleet biockading
the vital seaport
And sure enough. ~ mat
ters turned out, history was
made that same night.
The first ship ever sunk by a
submarine was the I6-gun steam
sioop Housatonic.
Two incidental facts are particu-
larry noteworthy: The David was
sunk with al hands upon that oc-
casion and not recovered until
after the war. The next time
ship was sunk by submarine was
not until 1914.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-05-11

WaD built ~
16cnlle. Ala One James r. Nc
c1lufock seems TO BE- the builder,
Mt - credited valuable assistance
% several other mechanics and
snipwrights-
Where the name David was In
spired we don't know. but she was
nevertheless simply an elabora-
lion Of m iron steam-boiler. 70
feet long and four feet in dame
ter.
A pointed compartment was fit
ted 10 each end. 10 that the whole
MS about 20 feet overall.
On her mout was = spar to
vhich was attached her torpedo"
which would probably be called q
bomb nowadays. At the stern was
her two-bladed propeller.
On top were = pair Of low con-
ring towers, into which an officer
thrust his head and shoulders
from below. They were each fitted
With hinged covers and headlights.
Diving planes. similar to those
otiII IN use, were on either side Of
Ne hull.
But the pay-off came In her
sengines." A metal crankshaft
ran her entire inside length. con-
nscted directly to the propeller. On
both sides Of the hull inside were
seats.
While the David's two officers
conned operations from their head
in-a-keg turrets, the crew Of seven
seamen sat on the seats and twist
Cd the crankshaft by hand. Top
speed was three miles plus per
hour.
The idea was 10 let some water
ballast into the tanks fore and aft,
sink below the surface. race madly
fstill three m. p. I'D at the objec-
tive versel. ram her with the bt-nb
On the spar. retreat amid glory.
pump out the ballast with hand
pumps. rise 10 the surface before
the cir vas al breathed. live ever
after ~ heroes.
Several things interfcred serious
" with that program between the
time the David was launched and
The time she sank the first vessel
ever conquered by submarine.
On the first trial dive In Mo-
bils's harhor. she didn't rise again
and all nine men were drowned.
She was raised. however. and
taken by train to Charleston.
Ehsre she set Z bareback record.
Two separate crews were drown
"a when water was shipped
through her open matches on diff
ferent occasions and she founder
a.
Another crew-she was always
nalvaged--made . dive and stuck
head first in the mud: some were
drowned, the rest suffocated.
Crew No. 8 was making a prac-
tice dive under . training ship and
hscame fouled IN q line trailing
overside. and they were drowned.
2co.
Crew No. 8 abandoned ship
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-05-11

GEATTLE-Dr Z. Weldon
Young. pioneer physician Of Seat
re. died Thursday at his home.
At the time Of hts death he was
director Of Gorgas Memorial in
sfifute. regional governor Of
American College Of Surgeons.
chief Of staff OF Maynard hospital
and trustee Of Seattle Chamber
e Commerce.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-05-11

Submarines are one of the most intricate destructive
and implements of modern naval warfare
but what you've undoubtedly forgotten that the first
submarine American and the first vessel
q victim of our own civil war
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-05-11

OF course there have been sub
surface craft-of dubious merit
ever since man has used ships to
fight. None Of them ever worked.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-07-02

Not a reconditioned cleaner
but a BRAND-NEW tank-.type
cleaner! Attachments for clean
ing rugs. Grapes, clothing, bed
ding, radiators, upholstery,
Venetian blinds, etc. Wakes
floors, demoths clothes closets,
gets under low furniture!
Liberal Allowance on Old Cleaner
The Wilmington morning star., 1940-02-13
Your u S.
Income Tax
EXEMPTION ALLOWED HEAD
0E A FAMILY

A head of a family is defined by
income-tax regulations as "an in.
Gividual who actually supports and
maintains in one household one or
more persons who are closely con-
nected with him by blood relation
ship. relationship by marriage, or
by adoption, and whose right to
exercise family control and provide
for these dependent individuals is
based upon some moral or legal OBJ
ligation." The exemption allowed a
head Of a family is $4,000. The
phrase Gin one household" may be
interpreted as meaning the taxpay-
er's- personal residence, an apart
ment, rooms in a boarding house,
hotel, ETC."
Under certain circumstances it is
not necessary that the taxpayer and
his dependents live under n roof
during the entire taxable year in
order that the taxpayer may be
allowed the exemption. If the com
mon home is maintained and the
parent is away on business or a-child
away at school or on a visit, the
exemption is allowable. Moreover,
if a parent is obliged to maintain
his dependent children with rela.
tives or in a boarding house, while
he lives elsewhere, the exemption
still applies. If, however, without
necessity, the dependent makes his
The Wilmington morning star., 1940-02-13
BILL FENNER MAY
ENTER 1910 RACE
Nash Man Tells Raleigh
Friends Not Yet Time
For Statement
Star-News Bureau
Sir Walter Hotel
Rv HENRY AVERlLL

RALEIGH, Feb. 12.-Revelation
that Major John Armstrong of the
highway patrol has Suggested
that his men might contribute a
dollar a month to the campaign of
Commissioner of Revenue Allen J.
Maxwell came as near being a sen
sational development as there was
last week in the current governors
sweepstakes.
Willis Smith, Raleigh lawyer, de.
cided it would be the part of dis.
erection. if not of valor, to sit on
the sidelines, practice law and
watch the rest of the field fight it
out.
Libby Ward definitely eliminated
himself from 1910 consideration.
Bill Fenner of Nash came to Ra-
leigh the last of the week and said
it is still not the time for him to
make any definite statement as to
his intentions.
The six announced a%spirants gal
Hoped here and there over the state.
spoke before various civic organi-
cations; got in touch with their
friends and those they hope will be
tfeir friends; solicited campaign
contributions; and generally tried
to build up their organizations.
1t is still much too early
to say whether or not the patrol
affair will have any serious roper
cussions. 1t seems that Mr.. Max
we'll had no part whatever in the
affair and was totally surprised
when informed of it. 1t is quite likely
that when boiled down there will
appear only a bit of o~verzealous
ness on the part of Major Arm
strong.
The Wilmington morning star., 1940-02-13
Urges Wider
JaD-Red Moral Ban

Chairman Pittman (D-Ney.) OF
the senate foreign relations commit
tee said that a legal" embargo
against Japan and Russia would be
preferable to any moral boycott.
"The so-called lloral embargo
Y. en- you Ear have a legal embar'
go-is a subterfuge under which
the government seeks to escape
responsibility" Pittman said.
Although the foreign relations
committee is considering an embar-
90 against Japan, there is little
expectation that it will be pressed
in the near future unless fresh diff
ficulties over American rights in
the Orient should develop.
Senator McCarr-n (D-Nev.),
meanwhile, suggested that the Unit
ed States break off diplomatic re-
lations with Russia. He said there
was no doubt that Russia was fail
ing to live up t, the agreements
which predicated American recogni-
ton.
The senate, in ecess today. will
vote late tomorrow on the export
import bank bill. Democratic leaders
are certain that it will be APPROX
ed.
The house, pushing ahead with
it's consideration of appropriation
bills, will take up tomorrow the
question of funds for the enlarged
navy. A subcommittee already has
cut about $500, coo, 900 from the orr
ginal request for 1854, 000, 900.
The Wilmington morning star., 1940-02-13

mine what foods should be so af-
fected. Available data is studied,
consumers and trade leaders are
questioned, and tentative specifica-
lions are formulated. After a public
hearing is held, suggested regula-
tons are drawn up.
Interested parties are given op-
portunity to file protests or sug.
gest changes. After these have
been considered and acted on, the
new regulation is put into effect.
New labelling requirements for
foods and drugs became effective
on Jan. 1. In substance, these re.
quire that labels on packages or
containers identify the manufac-
turer, packer or distributor, accu-
curately state the weight or meas
ure Of the contents and give de-
tails about the contents compost
ton.
The Wilmington morning star., 1940-02-13
ARM0RY RAIDED e.
BY BELFAST IRA
Irish Republican Demon
stration Is Put Down
By Police

BELFAST. Northern Ireland ep'
19-LPl-Resentment Of the irish
Republican army generated ny
Great Britain's hanging Of two OF
its members burst forth over the
weekend in rioting and a RAID on
an armory. and was accompanied
by a demand for "re-establlsnlng
the Irish Republic.
A. out 1000 I. R. A. sympathlzers
battled club-wielding police with
bottles. stones and bricks In an
hour of bitter street fighting yes
terday. Scores were injured and 20
arrested.
Fines and Jail sentences were i'm
POSED on two women and eight men
for participation in the distur-
Dances.
One man received a three-month
sentence, two one-month sentences
and the rest were fined 40 shil!;ngs
($8) each.
Despite a ban on demonstrations
the 7. R. A. sympathizers attempted
to hold a meeting l the Falls Road
area of Belfast, and police charged
them.
Police also broke up a meeting in
the nationalist area of the city of
Armagh. Copies # a government
proclamation forbidding meetings to
discuss the execution Of TWO Irish
men in Birmingham last week for a
bombing murder we're torn down in
several parts Of Armagh county.