Show LEASING BILL SIGNED RUSH TO LOCATE LANDS word was received here yesterday afternoon that president wilson signed the leasing bill at 1 p m our time there was mas an immediate rush onto lands most of which if not all was being held jn in some cases moro more than one located the same piece of ground who was wass first being a case for or later settlement outside ot of the city limits to the south there was gun firing etc to spread the news and considerable excitement prevailed deposits of coal phosphate sodium oil oil shale or gas and lands containing such deposits owned by the united states including those in national forests and in national parks will be subject to lease under terms defined in the bill which are different as relating to the various deposits in oil and gas applicants are given a permit to prospect tor for a period not exceeding two tuo years rears upon not to 2560 9 wherein such deposits are not within any known geological structure of a producing oil or gas field upon condition that the shall begin drilling operations within six months month from the date of the permit and shall within one year drill one or noro nore wells to a depth of not less than boo feet each unless valuable deposits of oil or gas are discovered sooner and within the two years the must drill to a depth of 2000 feet unless the deposits are discovered sooner then it oil or gas Is discovered the la Is entitled to a lease of one fourth of the land embraced in the prospecting permit the leases to run TUU lor for twenty years upon payment of a royalty of 6 per cent in amount or value of the production and the annual payment of 1 per acre |