Inter-Mountain Republican | 1907-05-31 | Page 1 | Gates and [Illegible] Fighting Standard

A Texas Company Closes Oil Deal for Two Millions Galveston Tex rex May The O.-The The Texas company of which John W W. Gates is the controlling spirit ha has closed a deal iteal whereby it ii takes over the property of three oil corn com Including ten or twelve wells and oil storage and several hundred acres of land In the East Texas fields This gives Gales Gatos and his associates control of thirty per ier cent of the Texas oil properties and makes them themI I the h e Tn most ost powerful i I i independent a d open ii en t oil nil concern in the tho country They are building an en inch eight pipe line from the territory fields where Gates owns big Interests to Port Arthur Texas t tw I I I iee y r-r- r t 4 4 II Clay 18 When hen asked about his reported as- as with H. H Clay Pierce tt fight Oil Jr Gates said Pierce anti and I have havi not formed a partnership nor In the tho oil eli oilfields fields to Light fight the Slant ii OH Oil oi or any other company Pierce In is Indirectly associated with me but it matters It-matters s not how or Ot when Ave ve may swap business with each 0 1 Ii tir I Wo are not in any trust nor try try- ing to 10 form one but are now and propose to be 10 Independent I am tin naturally against the Standard Oil company may not bo be its biggest competitor The Standard has never floe done anything for me