OCR Text |
Show -- '. -- THE PRESS-BULLETI- N - - - , PAGE THKE3 SUCCESS OF THE DENVER OIL CLUB IS DESCRIBED Salt Lake Is Declared to Be In Condi-tion for Similar Venture "The large number of applications for memberships that have been re-ceived from the- - people of Salt L.ake and the lutermountain country to the Salt Lake and Intermountain Oil Club," said W. W. Illarmon, president or the (Salt l.ake Oil and Stock Ex-change, yesterday, "Is an excellent in-dication of the greatly stimulated In. terest that the investing public is tak-ing in the oil boom that has been so often predicted is on the eve of Its appearance in this city. In this con-nection the history of the organization of the oil cluba in Denver about a year ago and the part they played in bring-ing to the attention of the public the wonderful possibilities of oil Invest-ments may be of Interest. "A year ago last winter In Denver there had been the same mild Interest taken In the development of the east-ern Wyoming fields as has been taken locally In the opening up of the west-ern Wyoming and the Utah fields. It was generally known that drills were In operation In and around Casper and the Salt' Creek and (Big Muddy fields, and the presence of oil men in Denver passing through the city on their way to the new districts was occasion for comments by the press. Glowing re. ports were being received almost daily as to the bringing In of wells and the advent of big capital. 'Merchants, hotel proprietors and supply men generally were cognizant of the fact that there were Important developments taking place in the Wyoming oil fields, but the general public, except in a casual way, was little interested. "About a year ago, however, there was organized in the, city what was known as the iFive iHundred Club.' This was an organization of small in- - vestors, formed for the purpose of put- - ung meir money into a Jackpot and supervising drilling operations on proven oil land selected by a commit-tee, after having received pledges from a sufficient number of men to keep cperations going until a well has been sunk a sufficient depth to prove up the. ground. "The efforts of the club were limited to the drilling of one well, but the work of the committee, done as it was without charge to the members except the actual expense, as well as the fact that they had the money in the bank and pledped by the members for the completion of a well gave the organi-zation the chance to pick and choose their ground. There were no commis-sions or other overhead charges and the site selected was one that showed excellent potential possibilities. . "A rig was purchased and erected on the property; mafeTials and tools were shipped in and operations were commenced., Within a few months the word was passed to the members that the club had 'struck oil.' Immediate-ly there was great excitement among the various members. Memberships In the club that had only cost $'i0 on the partial payment plan and on which the members had not yet paid but half of their installments, jumped over, nipht to over $i!000 a share. one connected with the Evry organization had made money more than they had dreamed of from the investment of such a small amount and the oil boom in Denver was on. because of fie fact that the profits to be made in the oil business were brought so clearly home to the small Investor. "The second five hundred club was organized and the membership was immediately oversubscribed, and this, too, I am Informed, was brought to a successful conclusion. Other drilling clubs were also organized and are now operating with assurances of great suc-cess in the eastern Wyoming fields 'The plan of the Salt 'Lake and iin Oil Club, while more com-prehensive in its scope, Is to operate along the same line as the Denver drilling clubs which have made such a great success. However. Instead of se-lecting one site on which to begin drill-ing operations the club directorate will select the stock of the cftmpanies which are operating in proven oil dis-tricts. The companies will be thor. oughly Investigated under the auspices of the Oil Exchange, of which I am president. The club members will have the use of our facilities In the selection of companies that have only good man-agement and proven land and will re-ceive the benefit of having an orgcnl-zatlo- n of strong financial interests watching the development of the vari-ous properties in which the funds of the club are Invested. "Production Is the prerequisite that is necessary to stimulate public inter-est- . It is the actual bringing In of oil and the payment of dividends to stock-holders that is needed to keep alive the interest of the Investor, and this can only be accomplished by drilling intelligently direct. This is what the officials of the club hope to accora. pllsh and the care thai will be exer clsed In the selection companies, is good earnest of our ultimate success." rjjij ll ' ' r"" vmw n ikiiMAMUMMMM I fmiilnlltHi "'Uujutiiiul 1 Apaatt 5ERVECOLO I " . J0NAlC0H0Uc ' -- . ; Try some- Alpha-- ; today get. ;; . ; ififfff r 1 acquainted with the nation's best '$MilP i new drink. - .The delightful flavor-o- this golden,; y-fiAfMK- Y ' bubbly beverage will appeal to everybody IMMl it's the drink for all, at all times, jl jV C Is a Wonderful Drink M "THE TEST IS IN THE TASTE" ... . Jj& f ' Alpha is a beverage of quality-ser- ved ; wherever soft drinks are sold. Order a P'wit" case for your home. '.' ISt f0y Drink it with your meals serve it to wJ your friends enjoy this sparkling, llMiSir 1 ' delightful drink. . Ifc I ALPHA BEVERAGE DEPARTMENT ' vMBH Chicago, Illinois """"' EVANS ICE COMPANY, Distributors Ak Your Dealer Bingham, Utah ' i - - WWW SMSSSSSSSSSSSSSSMMMSSSl - appetite. --w digestion. 1 --Give It to me. ji. -- please. Grand- - "Why Bobby. If & you wait a bit for have IblS to enJoy lonfierl m..2is) Tco-poo-I That's lf no argument with r5rrl y VHIGLEY5 K 'cause th flavor WZri 1 lasts,, anywayf ' L-- fitter every mealt&p. . iiiu'ii mi i' h iiiiiih iiwiwim w iifiiii iiriiit J . . j 1 I IT'S QUALITY f 4, !! in coal that makes the heat, T ;; that makes possible a 90 W?5l Fm0lTG?& ! per cent consumption and a r ANw&L ' $ . 'onsequtnt loss of but one- - 'Jri)V tenth, and that light, clear gy rsPS&h )VS I Tf ash that doesn't clog grate l vTA ' or retard draft. Our quality XHifM f does this satisfactorily, L ' rJ Wtf . consequently lessens your "4. !A fuel bills. A sample ton V'V.. I proves it tetter than we SOT-j- S ...... PHONE 39. CITIZENS COAL CO. I I Bingham, Utah f ' , LIKE YOU know how cooking , . out all the rich pungent flavor of bacon there's nothing that tastes better. But you wouldn't like it raw. : IT'S TOASTED So we toast the Burley tobacco used in LUCKY STRIKE Ciga-rettes for exactly the same reason Q n Guaranteed y"" 1 n McCALL'S MAGAZINE (For April) . J"C r makes dozens of de- - Lil'V s lightful suggestions, A MJm many. of which will pHvHI? I cxactly fit int0 yur yHlj plans for your Spring WllT j' wardrobe. McCall Vr Si IV Patterns show exactly i 1 1 1 V life?m h0W t0 Carry them out Mm adm - M lif McCallPatteras forAPril '.T? NOW ON SALE Skirt t)U70 i THE McCALL COMPANY New York San Francisco Atlanta Chicago Boston Toronto ' 1440-21- KGrtitfremyour det;::.fr;iPM iSDiiPi? Du.h. n Dupk-- i Domino I stss mMM Bnoraz , p DURHAM DUPLEX RAZOR CO. JfpsfvCityN J. i zo J. Stohl and John A. Hendrickson, and the plant moved two years ago to Cornish. At the time it was increased1 from 350 to 600 tons capacity. (Later -- the Knight interests again acquired control, finally to turn the property over to Woolley. Just what were the fetalis of th deal and the amount of money or prop-erty consideration Mr. Knight nor Mr. Allen would divulge. Mr. Knight, In answer to a question concerning the reason for ellintf the property, said" that his father, "Uncle" Jesse Knight and the other members of the family are disposed to feel that they have enough interests to occupy them fully - " . without the factory. KNIGHT PEOPLE SELL SUGAR INTERESTS IN WEST CACHE Control of the Wett Cache Sugar company passed to Ernest R. Woolley from the Knight interests Saturday. The deal by which Mr. Woolley ac-quired right to the majority holdings of the property, of approximately $1,000,000 value, was closed Saturday afternoon In s.Mr. Woolley's office, 618 Newhouse building. J. Will Knight of the Knight interests, R. E. Allen, secretary of the company, Mr. Woolley and others were present. The West Cache company's factory produced its first sugar in the present location lajt year. It was formerly located at Raymond, Alberta, Canada, then the property of the Knight Sugar company. Control of the plant was sold by the Knight Interests to Loren- - MRS. I. H. MASTERS IS NOW IMPROVING Mrs. 1. H. (Masters is Improving. .. Her temperature for the pat several days has been practically normal. It is expected that she will be able to -- leave the hospital some time next .. week. ' 'i M SUPERINTENDENT HYDE MAKES REPORT TO STATE BOARD State Auditor Jos. Rirle and State Treasurer D. O. Larson of the state board of insanity attended the month, ly meeting of the state mental hos-pital Thorsday. :' - - (Superintendent Geo. EX Hyde re-ported $798 received ror pay patients and $a 67.40 from other sources during March. The following bills for March were audited and allowed: General maintenance, $4,476.50; salaries, library and amusements, $37.40; furniture and furnishings, $196.60; improvements and renewals, $266.47. Total, $8,902.67. Superintendent Hyde reported that the farm work is well advanced and all the planting that could be done has been done. The dairy herd has been tested for tuberculosis and found not to be affected. New gymnasium and swing appara-tus have been installed. The superintendent was authorized to build cement walks from the hos-pital to the end of the parked portion of Center street; this jwork to be taken up after the outside spring work is completed. The board expects to make another visit to the hospital during the month for the purpose of investigating the matter of securing an Independent water supply. The springs in Rock Canyon, Slate canyon and Maple flat and the possibilities for securing and piping the water will be gone Into thoroughly. FRED NELSON RATED AS FIRST CEASS AIRPLANE MECHONIC In 'order that the friends and rela-tives of the men in Kelly field, the largest aviation field In the United States, may be informed as to the progress the soldiers there are mak-ing, the state of their health, the en-tertainments and amusements pro-vided for them, and other news of their doings in the army, they have In-augurated a news service. In which they will gather and send to the home papers of men in the field news of their promotions, athletic records and other act.vitles. The following iter.) from this source was received by the Provo Herald today: Private Fred Nelson of Provo who enlisted at Salt City last March, Is now stationed in the aviation sec-tion, sipnal corps, at Kelly field, SoUh San Antonio, Texas. Nelson 'ias been rated r.s a first class airplane mechanic and expects to be called for service overseas soon. Happines. Do not rnn after happiness, but sees' to do good, and you will find that hap-piue-will run after you. The day will dawn, full of expectation ths night will fall, fuli of repose. This world wllj seem a very good place, and the world to come a better placs still James Freeman Clarke. New Dieting Advlc An anxious young theolvgwol tn-den- t once asked Henry Ward Beecher what was the best and most successful method of preparing for a lecture or sermon. The reply shot back in one sentence, "Just fill yourself chock full 01 your subject and then let nature caper 1" .nd the bes. general advice for hyglenle dieting runs along similar lint's; Just spreud a liberal table and then let your appvrjte coper. Ex chunge. Don't Lose Your Temper. He who loses his temper, loses much besides. He losea his self-respe- ; he loses the respect of others; he Wmes an tlement out ot his character and repu. tatlon which he cannot ha loses vitnl force, and stumps an on his whole which time cuDiiot efface. Use of Fetters Ancient. The use of fetters goes back to an-cii-- times. Fetters were usually innd of brass nnd also In pairs, the being In the dual number. Iron wai nccnsloiiiilly employed for the ur pose. (I'snlMis Kir,:lS; 14U :H.) |