Show HALF MILLION IN TWO TV O CHECKS Fruits of Beneficial Oil Sale Deposited In Ogden Banks Ogden Oden bank d deposits were In- In Increased Increased In Increased creased late lat Friday after after- afternoon afternoon noon when two checks cheele were de- de deposited de deposited posited by the tho Beneficial Ull com corn company company pany these being the tho pay pay- payment payment pay payment ment from the U California Petrol Petrol- Petroleum Petroleum eum corn company for tor holdings holding ot of the owned owned Ogden corpor corporation In the LaDarce field fold near Kemmerer I Wyo The half halt million dollars wn was paid to A T Wright vice leo president Nul president dent and Frank tress tress- trea of the tho Beneficial company and was wa deposited Immediately In tho Commercial Security bank and the National Bank Banic of Commerce After Arter n II thorough In Of both the tho title to and ami the I ec- ac actual tuat production of aT the tho th Beneficial company's properties the tho C Call Call- Cali California fornia Petroleum company ny closed the deal for tor 1000 acre acres of ot the Beneficial's holdings including five producing wells elli the th consid ration oration being approximately tely 2 12 2 GOES GOD TO The chief stockholders of oC the Beneficial Oil company are ar W Ii D Scoville H I B D Scoville A L I Scoville ville Frank L Scoville Lester Lesler S Scoville A T Wright and anti Thomas Wilson there being ApproximatelY a hundred stockholder according to an officer of ot the company Additional payments payment are arc to bO be made for tor the tho property as u 11 production tion proceeds on the tho th tract until has ha been paid In addition to the tho th first In- In in installment If It oil I Is struck in low low- lowen lower er or as IlS expected by the tho com corn compan company pan pany officials official another payment ot of will wll bo be made It If this result ts Is I attained the tho complete completo payments will wll bo be D DJ BEAt J IMPORTANT Practically all of the th money front this big bla- bl oil ott deal dial will w remain In tn Ogden with Ogden Oden people cald caid A T Wright this morning Itt In that respect it I Is of o tremendous tremendous dou dous Importance to Ogden n It Is the tho biggest Individual deal that has ha been carried through by Og- Og Ogden Ogden Og den den people for tor a lonG lone long time The amount of ot money Involved In Inthe Intha the tho first payment pan Is I a 0 hugo huge one one- one for it I is mighty seldom Idom that two million quarter-million quarter dollar chocks check aro deposited on the th same samo day In banks of DC a city as large larg us as Ogden But more moro than all alt these thee is the lucce success which has be been on for tor Ogden men in their enterprise The directors director of ot the tho th company will arrange later for the tho other steps In connection with this financial transaction A hundred stock stock- stockholders stockholders stockholders holders will be the beneficiaries The The- Beneficial Th-Beneficial Beneficial tract of ot the th La LaBarge LaBarge LaBarge Barge field was located a sod nil n l de- de developed developed de developed under direction o n Walter alter D B Scoville a 0 number of ot Ogden Orden people Joining with the brothers In the development of othis this and two other oil another enother In let Wyoming and one ono In Montana Where work Is now un- un under onder un under der way |