Show OIL WELLS ON SALT LAKE SHORE if noted expert reports and the preliminary action of authorized agents cou count nt for anything says the daily herald there is every probability that the day is not far off when salt lake will become a great oil as well as metal mining metropolis under options leases and bonds no less than acres of land stretching along the shores of the great salt lake from here to promontory Pro and acres by right of location on the north end of the lake have been acquired by the powerful hogg swayne syndicate of oil operators of houston tex all the deals having been sewed up C K roland who came here several weeks ago to turn the trick pulled out for headquarters yesterday and within the next few weeks it is said boring operations in the field will be under way included in the syndicate named are such men as J M guffey john galey governor frazier of tennessee and attorney general bell of texas operators whose combined wealth is anywhere from to the syndicate decided to come into this field in search of oai oil only after a most thorough study of it had been made by J M Guf feys expert professor who is reported to have declared that thai nowhere in america were the conditions as nearly identical with these of the world famous baku fields on the shores of the caspian sea russia as along the borders of the great salt lake he reported that there was no question as to the existence of oil in limitless quantity but he said that it would not be encountered at less than feet beneath the surface or if it was he would be greatly surprised with rigs in the beaumont field to 10 burn rigs that combine the rotary boring and ordinary drilling devices and capable of working to any depth this feature of the enterprise did not cut any figure with the syndicate mr roland was therefore authorized to go ahead and secure the ground and before leaving for denver yesterday he announced that the commission given him had been carried cut as stated above As soon as machinery be begins girs to arrive arria J L lucas the man who struck the first producing well on spindle top heights in the beaumont field will arrive and serve the syndicate as field manager boring will begin at some point north of this city and at intervals all the way from here to the north end of the lake wells will be put down and before the year closes it is expected that something like twenty wells will be under way at the suggestion of professor a test well has been sunk between here and farmington to determine if seepage would not be found in a certain stratification if it was the professor said there would be no doubt of results at great great depth his judgment in the first instance was verified and results were telegraphed to headquarters by agent roland it is understood to be the purpose of the syndicate to form two companies to handle the enterprise a real estate and an oil company and they will work in harmony one with the other the big operators it is understood der stood calculate on spending a great deal of money before looking for returns and that they mean business agent roland declares will be forcibly demonstrated within a very few months |