Show 0 OIL LEASING PERMITS transferable in the correspondence from fallon in this issue of the mining review it is shown that the troubles existing between the oil operating companies and those who sought to locate and secure lease permits on old claims has all been cleaned up through the efforts of J H favorite a representative of the land office at san francisco A rather significant i ant sta statement bement is found in the closing paragraph of our fallon fallen letter which reads as follows one benefit to come from the visit of chief of field division J H favorite is that those in receipt of oil leasing leasin permits are informed that their permits will be made transferable and the process of transfer trans ici was explained in detail this will allow the holders of Pern permits lits to assign same to a cor cui horation po ration something that was not so understood anoe before while the motives underlying the intent of the framers ira mers and advocates of the oil land leasing law have always been viewed with more or less suspicion the claim has been stoutly maintained that the purpose was to protect and encourage bonafide bona fide locators and an oil prospectors in their efforts to increase oil aggression of 0 production as against the the big corporations the law was said to have as its object the legitimate opening UP of new fields and undeveloped portions of 0 old ones without interference on the part of 0 big 6 corporations who might profit by 0 back production through the acquirement of stupendous and the sealing of dvells e after they had been brought in it now de according to the statement quoted quo above that permits may be becu secured red by andl I 1 visuals and transferred to corp corporations orations the cecur sec apparent idea being that an individual to ing a permit may organize a company operate under it which in itself is not a it t v objectionable but what is to prevent the individual from transferring t his permit to a corporation big enough and powerful enough to make the new law serve the very purpose it was intended to defeat namely the control of the count rys petroleum output by the so called oil trust the colored bemman is apparently just beginning to emerge from the woodpile wood pile |