Show FIVE MILLION DOLLAR COMPANY TO EXPLOIT SPITZ OIL LOCATING DEVICE about the middle of the month articles of incorporation of the california Pert oleum developing company were filed with the secretary of state the stated capitalization is 5 in shares having 6 a par value of 1 the board of directors and officers named are as follows samuel spitz president harvey kyte first vice president john H boot woot I 1 ton second vice president D E jenkins treasurer J tra tracy y wootton secretary laura wootton and ida kyte whether this new company is a companion of the california petroleum development company of california with headquarters in los angeles does not appear but as the president bof the coast company also is president of the local organization the presumption is that the latter has been organized to control the business of this particular region or utah colorado wyoming and montana for some little time prior to a week ago dr samuel spitz was making salt lake his headquarters early this week he was scheduled to make a trip into the dry piney labarge oil field of wyoming to conduct a number of tests with his petrol ometer device for operators in that section and it was said that from wyoming he was scheduled to make a trip into the kevin sunburst and probably other oil fields of montana since coming to utah it is reported that dr spitz has made investigation of some of the oil propositions in the country north of great salt lake that his findings have been assuring to some drilling concerns while others were not so favorable but it is stoutly maintained by those claiming tobe to be familiar with what has been go ingon going on that dr spitz has a machine that will create a sensation in the oil fields as it becomes better known and understood it is claimed for the device that the presence of oil or its absence can be accurately determined by the spitz machine and that the depth at which oil exists can be so positively determined by it that the company works under a guarantee to pay 1000 if drilling proves prove s the report submitted is not approximately correct |