Show r Oil Firm Soon To Operate Local Company with Capital Capi- Capi 1 tal Stock at Organized Organized Or Or- to Promote County's County's Coun Coun- tys ty's Great Wealth Announcement that a company incorporated for had beer been organized for the purpose of developing developing devel- devel the oil shale ledges in this part of the county has created considerable consider- consider Fable able interest over oyer the State mg to reports It Itis is the plan 01 of local investors to immediately plat Ifor for actual operations eo The company is fin financed by the following local persons Fred L. L Wat Wai- Watrous ro ions rous s president A A. A B. B Herrick vice president R. R Peale Herrick er and general manager F. F M. M Shei Sher Shelton Sherton ton secretary M M. G. G Watrous mem member memo ber of the board of trustees The holdings of the Duchesne Ou Oi Shale Company are mostly all in tb the Indian Canyon A Erickson machine J wll be installed at once it is said A Ali li limited amount of stock will be disposed disposed disposed dis dis- posed of in the near future In connection with the Ericson machine and local shale the Sa Lake Tribune and Saturday Evening Post ran the following article The Saturday Evening Post under d date te of March 0 a. most mart profound article by Floyd Parsons th the wel known wel-known known writer of the industries industries indus indus- industries tries of the world as as- as asto to the possibilities of oil extraction from the shale deposits of the stat states s of the inter mountain However However a a ca careful diagnosis of he e article le leaves es the investor and producer up against precisely the SAme same obstacles in the oil extraction as s have invariably been encountered by every attempted process in the treatment of shale found in this country country coun- coun try and pla places es the installation oi of successful producing plants against expenditures of hundreds of thousands ands of dollars Some time ago at the U. U of U U. in Salt alt Lake a plant using the Erickson system Stem was Vas installed and a n number of demonstrations have been conducted conducted con con- ducted showing that Mr Erickson has produced a system for the reduction reduction I tion of oil from shale which is per cent perfect and by the simple method of placing within retort pipes piper from w the furnace every trace oi of cl dogging clogging and sticking is abs absolutely e eliminated This sticking and clo clog gang mg of the oil in the retort has beer the he te great drawback to all I as yet Vet attempted is article is based on a n test m made madey d by y the Erickson system of reduction t from m a shale deposit near Duchesne Utah to owned by the writers writers' and sev several eral other associates The test showed d a Production of crude oil oi of oib b 60 fin to the ton As above stated and as deduced t by y Mr bir Parsons' Parsons of investigation terns s now in I capital auras required for even a small daily dail capacity but tut in his written report on tl the e above test Mr Erickson places paces ces the estimate for the n tion bo of f one ne of f his 40 ton ton daily capy cap cap- y machines at the very small figUre fig fig- Ure ire of I dint FollOwing ng are arc Mr Erickson's de de- the he ton but 60 gallons to ban bani and on a tt basis o of 2 00 p Per r tune time babel i f for r crude oil oil which at this is I ton w quoted at for every of shale handled would be a f. f there ther a daily output of 4 OO gallons or Foss oss income of barIs barrels bar- bar 1 re Is per day at 42 gallons to the thc barrel Thus a 4 duct ton capac capacity y mill mM gives a pro on of of more than i gallons credo Crudo oil per day f e From FroIn these fi r 3 Mr Erickson rickson Plant es that a ton capacity olio follows ant per Pcr day will Wil produce results as ast t Four Ut Hundred Tons will vill produce 4 a net income of t Complete operating expenses expenses expenses' 1000 loyalty of 25 per cent for fot use of process of caving a net profit profit on air an m investment A 10 cent is exactly a 10 o per of Jf working basis basis ba ba- d and on a profit per day y to the year means mean sis of days It will thus be seen per cent incorporation of of f a comI company com corn com company hat by the divided I for the sum sum f pany into into shares of 1000 each that hat of stock would produce produce produce pro- pro worth annually the following income duce would be exactly per Income for days the staggering and day each result of of I er year for invested farther r with Mr Er But let us go the results of from report sha shale e the be test made of the By u a very simple pr prall process samples that 98 93 so oil is treated t all crude extracted fo fa amm ammonium on um were poun pounds cent to 3 the ton besides Iper p to o water water- o of still coke and 25 per pero percent cent of |