Show T V V 7 The Oil Ohl Land Leasing Bill Bail A DISPATCH from Washington to The Herald pub pub- fished yesterday tells of the ue I congratulations bein being c upon Senator Senator- Smoot on the tho masterful manner mange 1 which he hc conducted the fu fie ht in ill behalf of the ti ma IC Ol oil id dd d IC leasing sing bill to a successful passage b in the Senate t e o measure was only introduced three weeks ago an and MI all the well known opposition l of the tho he t cast a against rr intended for the thc development of west the th the c may be bo regarded as us phenomenal That Tha l. l lor tor Smoots Smoot's position as chairman of the public r rr r 10 g gi i 1 I t e tc t c I I I I I I I 1 lands l committee his knowledge knowledg of the resources nn and conditions conditions con con- con I in the Senate Senate Senate Sen Sen- of the mining g stales states his experience ate his earnestness earnestness' anti and integrity rity and the confidence reposed in kiln him him-by l. l fellow Jus-fellow members embers have been important Cant tant factors in steering the tho bill through the time shoals shoal oC of opposition and debate are arc everywhere e recognized by no noone noone one euc more t than Franklin K Je 1 Lane secretary of or the interior in ins wj o adds his 1115 his his' congratulations h self himself a western man r handled r the bill hin the senator lations and avers ers I superbly While bile it is is not believed belie Cd the bill tins lias l S been materially amended since it t t was introduced by Senator Smoot on An August 15 it has yet et to run the gamut ut of of the tho louse House House II to give C a divest digest of Representatives of-Representatives cs r and and- and so so any attempt of its pro provisions visions at al this time would be he futile and perhaps perhaps per per- haps productive e of misapprehensions It t. t is to that know know that if the tho bill is is soon passed b bv y the House and meets executive approval the m millions of lands in western states slates which whit 1 of acres oC or f government go were al withdrawn from entry ten years ago by br which the tho growth and development o of the great west have been heen seriously retarded will be available u not to entry as aB that was deemed impossible in view of eastern opposition Opposition i- i tion tion but to lease upon terms that arc considered desirable desirable desirable desir desir- able by hy western mining men The hC measure is entitled It A A bill to promote the theng mining ng of coal phosphate oil gas gns and sodium on the public domain and p prescribes the tho manner mancier and terms upon which each shall be subject to disposition Referring Referring Refer Refer- ring rin particularly to oil and gas upon a which u the eyes of Utah r men have havo been particularly centered the past several sev sev- eral years cars owing g to f fora favorable ora le indications in in various I the bill authorizes the tho secretary of parts of the state slate I the interior to grant to any applicant an exclusive pros pros- prospecting peeling g permit for a n. period not exceeding two years cars to et for oil not to exceed four sections prospect sIC or b gas upon of land wherein such deposits belong to the United States Slates and are arc not within any known geological structure structure I ture turo of a producing oil or gas field upon condition that the shall begin drilling operations within six sit months from tho the date of the permit and shall within one year thereafter drill drin one or more wells Swells for oil or gas gasto gasto gas gas' gasto to a depth of not less than five hundred feet each unless I valuable deposits of oil or gas shall be sooner discovered disco I ce eyed ered and shall within two years from date of l permit drill driB t to o an aggregate regate depth of not les lest than two thou thou- I sand and feet unless sooner discovered Upon prescribed conditions this time ma may be extended extended extended ex ex- tended not exceeding exceeding- two years Upon discovery disco of oil or gas the is entitled to a lease for one- one fourth of of- the land embraced ed in the tho permit such area to 1 bo be 0 selected in in compact form The leases run fin for a term of or twenty years yrol'S with right of renewal upon a royalty of 5 per cent in amount or r value of the production and the annual payment in advance of a rental of 1 41 per pcr acre the rental paid for any anyone one year to be he credited against the royalties as ns they accrue accrue for that y year ar The is also entitled to a preference prefer prefer- ence right for six SIX months from notice to a lease for forthe forthe forthe the remainder of the land in the permit at a royalty not less than 12 per pee cent nor more than 25 5 per cent as may b be fixed fIxed by the secretary of the interior The principal amendments made to the bill bin are arc believed beI believed be be- to be b reservations reser at ons to the government to purchase purchase pur pur- chase the oil at a fair price in case caso of war or other emergency ncr It is earnestly to be bo hoped our representatives I h tives tives es in in the louse House may mayy champion the bill and meet I 1 wIth the same success which Senator Smoot has done Pa Pa |