Show TO PROSPECT IN OREGON outlook grants pass oreg albany oreg to develop oil deposits la in linn county is the purpose of a company formed this week at lebanon the company includes a number of the leading business men of lebanon and about 40 farmers residing between lebanon and crabtree this promises the most extensive movement ever undertaken to prospect for pe in this country and the indications of big oil in the country between lebanon and lacomb will be thoroughly tested the new company will be incorporated under the name of the lebanon oil mining company at yesterdays meeting the following committee was named to form the corporation attorney samuel M garland john griggs C H john dl and henry pyle that there is oil in linn county there is no doubts doubt but the problem to solve is whether it exists in paying quantities for years indications of oil have been found in many places just south of lacomb and southward from that point within three miles from lebanon many attempts have been made by individuals in past years to bore for oil near lacomb and petroleum has always been found but no gushers bushers gu have ever been struck the new company promises the first systematic investigation of the countes coun tys oil resources the company will lease lands which give indications of containing oil and will prospect in a scientific manner experts will be secured to do this part of the work the farmers who have been instrumental in organizing the company have several tracts already located where oil is believed to exist in paying quantities |