Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1942-08-15
WHAT IS "SECURITY"?

We are this week issuing to all active
members a publication on the handling Of
royalty checks by men in the armed forces
or in war industries, when they are away
from home
Many Of our members have taken their
royalties in the names of both man and wife,
with right of survivorship. The purpose of
this method is to make It possible for the
widow to continue to receive royalty checks
without interruption in the event of the
death Of the husband 1t Obviates certain
probate proceedings, which not only cause
a delay but frequently are very expensive.
Under such assignments, however, many
buyers of the oil issue royalty checks in
the names of both husband and wife, As
an example, check goes out to John Dee
and May Doe and 1t is necessary that both
John and May endorse the check. This
caused difficulty in few instances until the
outbreak of the war when men left their
homes to join the army or TO go into de-
Tense industries at distant points. Then
came delays in getting royalty checks prop
erIy endorsed.
All went well, however, until certain roy
atty owners were sent to Australia which
meant impossible delay in getting checks
endorsed The problem was put up to us
and we put it up to our attorneys. The
current publication covers this situation. We
have furnished each one with blanks to be
signed by both husband and wife, each au-
thOrizing the other to endorse royalty
checks. These blanks properly filled out and
signed, will be furnished to buyers of the
oil and, where necessary, to banks, so that
the wife may continue to receive and cash
all royalty checks, no matter where the
husband may be.
1t is an arrangement that should be made
in every instance, we believe. wAsre royal
ties are held jointly with right of survivor
ship, even though the husband is not now
in the armed service leaving for employ
ment elsewhere. There is no telling what
the future may bring and every royalty
owner should take every precaution to pro-
tect his family by making certain that they
can continue to receive and cash royalty
checks without interruption.
1t is a wonderful feeling for the man in
the army to know that his family has a
source of income while he is unable to
provide the weekly pay check. No matter
how large or how small the royalty income,
it is most appreciated in times like these.
Even If the amount is small, it serves to
provide little luxuries that might otherwise
be beyond the reach of the war widow"
1t gives the soldier a feeling of security In
that his royalty holdings may some day
take good care Of his family
The writer can testify what the word @se-
curity" means TO a soldier. The writer was
in the air service in the first World war,
and while training to become flyers the
cadets were supposed to receive flying pay"
Somewhere along the line the records were
baIIed up in the red tape of military chan
nels and for several months we did not
get our pay. In fact we did not get all Of
our flying pay until after the war. We had
depended on this pay 10 help care for the
family. 1t was impossible for this soldier
to concentrate on his training while worry
ing about what was going to happen at
home. An insurance policy came due-with
no funds TO pay and trigger-finger In
surance company anxious to cancel the
policy. That one thing, we recall, cost sleep
less nights when the energy should have
been diverted to preparation for fighting a
war. Only the help Of the Red Cross and
5he b. p o. EIks made possible solution
10 that and other problems
We have often thought, since then, how
il would have been had we owned
a dozen or so little royalties such as we
now have, which would have meant "se-
,urity' to the family and peace Of mind
o us.
A number of our ENTHUSIASTICALLY in
7estOrs who have been buying through us
ire now in the service and our correspond
nee with them is inspiring. we enjoy