Show OIL BILL SIGNED BY PRESIDENT Thursday President Coolidge signed the IndIan oil leasing bill Ai At the close ot of the last lat session session of congress abill abill a 1 bill somewhat similar was passed whIch met with opposition result result- resultIng result Ins Ing in th the president vetoing th the i f measure According to Washing Washing- Washington Washing ton ton advices s the president had the Warren Warren Hayden measure measure referred to the tha secretary of the Interior the attorney general central and bureau of budget all aU r of whom gave cave theIr approval 1 The new law Is s expected to aId aIdIn aidin aidin In the development of ot the oil all lands of o southeastern Utah within the area of ot executive order In- In Indian In ln Indian dian reservation lands lands The new law gives lives all th the royalty from leases to the Indians though It St a ai- ai al A lows the stat stata the right to tAX 1 the oil produced d and the property ot o the oil companies other than the leased lands The measure as applied to thy th Navajo reservation provides that i any ny person who prior to May 21 1924 filed application for pros pros i permit and who who prior prior to 4 January 1 1926 did material work work to show good faith falth In Sn an cHort to discover or develop oil all may 1 proceed with his prospecting or d developing and may obtain ft a lease i upon the discovery ot of oll or gasp gas 3 1 the lease to run forO years on not more than acres acre s royalty to be be 5 per cent of production l With the clearIng up up ot of itis Is cloud the thi extreme southeastern end d t I Utah and the adjacent Arizona should begin to t sho sho sIgns ot of an oil all boom nn |