Show SALT LAKE BUSINESS MEN FORM huntington BEACH OIL SYNDICATE A syndicate of well known salt lake business men have organized a syndicate with the purpose of developing prospective oil ground in the heart of the huntington beach field out of los angeles california this determination has been reached following recent investigations of F fd ed d J shields president of the shields stationary co of salt lake who was in instrumental strum in securing a long term lease on property lying within less than 1000 feet of several large producing wells mr shield Shiel cb returned from the coast about the first of the month and a couple of weeks later the following li aist st of business men h had ad joined in the proposed undertaking and had subscribed about toward the proposed fund nd of with which the ground is to be drilled R E R miller geo B lockhart hugo W druhl dr R W hall wallace G hunter J J taylor dr H B sprague tte ellis freed fred auerbach gordon adams dr r C F pinkerton and morris friedman As soon as the jackpot jack pot has been subscribed and collected in the contributors will 1 org organize anize elect of fibers cers and proceed to business when this was written the eap exp expectation citation was that it would not take long tu raise the money required and get the enterprise under way if expectations are rea realized lizea and they are based upon the bl big u developments that have proven the territory in close proximity the promoters and backers of this undertaking will all be classed as oil magnates by the end ot the year |