Casper Daily Tribune Newspaper, March 13, 1924, Page 5

-GONVENTION OF ~ THIRD PARTY TO MEET IN AUNE Farmer-Labor Element To Be Promment in Program. ST. PAUL, Minn., March 13.—A national convention to select cand!- Gates for president and vice pres!- dent on a third party ticket will be held in Minneapolis, June 17,.as the result of a call issued at a meeting here of representatives of 13 organi- zations from eight states. The Farmer-Labor party was prominently represented. Pubifé ownership, government banking, public control of al! natural resources, restoration of civil Iiber- tien guaranteed by the constitution and the abolition of the injunction labor disputes were planks tn the Swniative platform adopted. Organt- gations sending delegates to the national conference must -endorse these planks. Senator Robert M. LaFollette of ) Was mentioned as a pos- mible presidential candidate. Serbian Wedding Bans Celebrated With Festivities HUDSON, Wyo., March 13.— Eventually—why not now? That's just it. Why wait until marriage before celebrating? Well, some People don’t. Bride and groom of a future wed- ding along with 20 cars of friends dashed out of here for Lander the other day. The leading characters in this parade were Miss Milka Bo- sick and Rade Svilar who perhaps will soon be man and wife—when the proper preacher from Evanston \q finelly arrives. “In the meanttme a Lander photo- grapher was faced by a festive crowd. Decorated with American and Serbia flags, the 20 cars returned here and a genuine Serbian wedding- wake (if there is such a thing) was staged, And refreshments such as mother back in Serbia used to con- coct, were passed around. Zitzers- plicken, which might mean ‘hot dog” in the Balkans, is the kind of a time that was had by all. The martiage comes later. Curtain and intermission. SEND IT TO THE PEARL WHITE LAUNDRY PHONE 1702. NEA photographers again ha Rivers, N. M. A few da of the interior lives. T side ordinary range cattle igo they obtained picture below sho ve run the gauntlet of the cowboy guards on A. B. Fall's ranch near Three ictures of the colonial ranch house where the former secretary, blue-blooded Holsteins and registered Herefords grazing along- Reasons for Passing of Leasing Act Explained Oli, Ike gold or silver or natural gas, is found by prospecting, which is but another name for experiment- ing. Prospecting for oil is a gamble. It may be found; it may not. If found, it may be in paying quantities, or it may turn out to be but a small pocket that is speedily exhausted leaving the prospector “broke.” The cost of drilling an ofl well varies. The average cost, used by oll men as the basis in estimating the outlay necessary to develop an oll field, is $30,000 a well. The drill- ing process has been known to cost as high as $75,000 to $100,000 where the depth was very great before oil strata were reached. On the naval oil reservations in California, now operated by Mr. Doheny under the lease obtained from former Secre- tary Fall, the drilling has averaged $60,000 a well. To develop an oil field, practical oll men drill one well to every ten acres. The cost of drilling is only the beginning of a long list of heavy expenditures. If the well develops into a producer the oil must be piped to storage places, pipelines and storage tanks must be built at tremendous costs. It is very plain that devéloping an oil prorerty is, under the most favor- able circumstances, a very expensive proposition. An outlay of hundreds of thousands of dollars must be made before there are any returns. If the wells prove to be “dry holes” it means a dead loss of hundreds of thousands of dollars. It is a matter of common knowledge that untold thousands of individuals have gone broke in attempting to develop oil territory, where only a few have gotten rich. The public never hears of the thousands who are bankrupted. It only reais of the few who strike {t lucky. For the information of those who are not conversant with the oil busi- ness, it may be stated that prac- tically all ofl territory is leased to eXpert ofl men to be developed. When the owner of property be- leves there is oil on his land, he calls in expert off men, or com- panies, whose business it is to de- velop fields. These have the expert knowledge and in addition they have the mechanical equipment, the staff of expert workmen and other facili- tiles which the property owner does not have and could not obtain ex- cept at the outlay of a tremendous sum of money. If, in the opinion of the off men, the property warrants their taking a chance, they undertake to drill the wells and develop the property at their own expense and risk with a royalty for the owner, !f oil is found. If the prospect does not pan out, they are out of pocket all the money they expend in drilling and other work. If the property Proves to be a paying one, they take the long end of the output and give the owner a royalty. x The amount of royalty paid own- ers of oil territory by, developing companies greatly varies. In ordl- nary oil fields owners of land get a royalty of from one-tenth to one- fifth of the output. © Practical oil men and companies engaged in this business make money not because they always find oll but because their profits in fields which they do successfully develop more than off set their losses in fields which prove dry. In other words, they succeed the same as’a real estate man who loses on one deal, but makes money on other deals. It 1s the rule, therefore, for of! territory to be developed by the leas- ing process. The only other way is for the owner to equip himself with machinery, surround himself with oil men and finance himself suffi- ciently to:complete the work before he obtains any returns. And of Che Casper Daily Cridune in one place or not. Expert of] men | ave aware of this fact, which 1s evi- denced every time a new oll field is discovered anywhere jn the world. je upon the development of a “gusher” in undeveloped terri- tory, ofl prospectors and “wild cat- ters” buy or lease all land adjacent to the territory in which the gusher is found and start to drill wells in the hope of tapping the same sub- terranean lake of oll, or in the hope of draining the oll from under the other fellow's territory. The drainage of of] from under another's territory is a very simple and {nevitable process provided the strata of rock are such as to per- mit it. Underneath the surface of the territory set by as a naval oll reserve there is a reservoir of oil. At some point immediately outside of this ofl reserve wells may be sunk which pump the oll from under the reserve. This has been done over and over again in cennection with Private oil fields, and it ts a matter of record that {t has been done in connection with the government's oll reserves. This very practical fact makes {t impossible for the government to set by an of] reserve for use of future generations with any assurance that it will not be drained by private ofl companies operating just outside, along the bor- er Ine of the reserve. The only way to prevent this is course he always takes the chante of finding his property is not valu- able and losing everything he put Into it. nes The United States government no exception to the rule. When t! naval oil reserves were created there | ther swidhay ours potas: 3 Wins and government is overwhelming against the government taking such a gamble as going into the oil busi- ness. : In 1919 and 1920 it was very evi- dent that private of] companies were busily engaged in draining the naval of] reserves by drilling wells on territory immediately adjoining these reserves. Geologists in the employ of the government, as well as praciical oll men, were unani- mous in their opinion that if such a condition remained unchanged, !t would be but a very few years be- fore the ofl in the naval reserves would be drained or pumped into the wells of private corporations on this territory, and if the govern- ment intended to protect its ofl sup- ply it must take measures to ex- tract the ofl from underneath the territory it owned. This brought the government face to face with the alternative of the navy engaging in the ofl business or leasing the development of naval oll reserves to private corporations. All agreed the better plan was to provide for the leasing of the naval oll reserves to private corporations, on a royalty basis. To legalize this, the naval leasing act of 1920 was Big Delegation From Alabama BIRMINGHAM, Ala., March 13.— Senator Oscar W. Underwood gained the Alabama delegation to the na- tionai Democratic convention in Tuesday's primary, according to 1n- complete returns, which gave him a plurality approximately of 20,000 votes over L, B. Musgrove. M, A. Dinsmore, who ran third, made the race az a backer of William G. McAdoo. However, Mr. McAdoo had announced he was not compet- ing in Underwood's home state and was not represented by Dinsmore. Musgrove refused to concede de- feat and declared “would be exposed.” He charged that in some counties the votes “had been manipulated in the Inter- est of my opponent.” William J. Bryan had spoken in support of Musgrove. alleged frauds were but three things to do: (1) leave them undeveloped; (2) have Congress appropriate money year by year to enable thegnavy to go into the oll developing business, whereby it could drill its own wells, | build its own pipelines, erect its own storage tanks and otherwise engage in the ol] business; (3) have the navy, lease its ofl’ reserves to private oil experts who would develop it on a royalty basis, they making, all the outlay and taking all the risk. | There are two schools of opinion! regarding natural resources, such as ofl, coal and forests. One school believes these resources should be kept undeveloped and untouched for future generations to use when pri- vately owned properties have become exhausted. The other school be- Neves such public resources should be developed and economically used although at no time should they be for the government to drill what are known as “offset wells.” . These off- set wells are located immediately Inside the line of government's re serves, so that the oll from under the reserve that fs subject to drain- age can be pumped Into the govern- ment's offset wells rather than into the private wells immediately out- side the reserv ‘The second alternative je for the navy to go into the of! business and by using congressional appropri- ations to develop its own ofl terrt- tory. To do this it would require annual appropriations of from $50,- 000,000 to $150,000,000. Even if congress could be persuaded to make appropriations of this size to enable the navy to engage in the| ofl development business, it is by no means certain that the money expended would produce o!l, The navy might, and in all human prob wasted. |ability would, dri. many wells that |would be dry, thus expending hun RTRuTELNL-Canicania sateen al teote ot Uhoveanda ot Gnlare with: strict conservationalist, than _any|0Ut Producing any oll. Such a con- other public resource.” If the ne,|dition would bring upon the head tion creates a forest reserve there (0! the navy a storm of criticism and is no way this reserve can be de,| WOuld cause congress to refuse fur- passed by the congress. There was | no objection to it, either by the Democratic administration officials | i? ‘ vnd cabinet officers or by Demo-|.. - crats in congress. It. passed the Cheb gee It. Drive Them senate without a dissenting vote, with Dr. Edwards’ and with only 13 votes registered Olive Tablets against it in the house. “ay |_A \m longer if io | Dr. Edwards’ Olive Tablets. The skin |should begin to clear after you have | taken the tablets a few nights. |__Cleanse the blood, bowels and liver | with Dr. Edwards’ Olive Tablets, the | successful substitute for calomel; there’s | no sickness or pain after taking them. | _Dr, Edwards’ Olive Tablets do that | which calomel does, and just as effec- tively, but their action is gentle and CLEVELAND, Ohio, March 13.— | safe instead of severe and irritating. Newton D. Baker, former secretary} No one who takes Olive Tablets is of war, intends to carry his fight @vercursed with a “dark brown taste,” for the league of Nations to the @ bad breath, a dull, listless, “no good’? Democratic national convention. feeling. constipation, torpid liver, bad Speaking before the Women's disposition or pimply face. City here, Mr, Baker said | Olive Tablets are a purely vegetable he would go to the convention and Compound mixed with olive oil; you “plead with every body who wilt | Will cree them by tie roelpal nc listen to,put a straight out dectara-|, Dr. Edw . Feat 1 tion in the platform” for the United | Gents afflicted with liver and bowel States to enter the League. complaints and Olive Tablets are the fiat ae SB Re ton he immensely effective result. Take one or two nightly for a week. See eae t a package of Baker to Take League Battle to Convention eub ply face will not embarrass you | How ! Gained 14 Pounds In Three Weeks Finds Si Way to Put Fla’ Or Thin Folks “I am a Motion-Picture Director and w ve your formula to be a real marvel.” If you actually want to make sure in your own case of the same @ certain results as are re- ported above, just try the simple test countless other thin and run down men and women have made who today are enjoying radiant health and youthful vigor: First weigh yourself and measure our- self. Next take MASTIN'’S VITA- MON—two tablets with every meal. Then weigh and measure yourself again and continue taking MASTIN’S VITAMON — regularly until you are satisfied with your gain in weight, energy, nerve force and improved appearance. No matter what your friends say or think, the scales and tape meas- ure will tell their own. story. MASTIN’S ViTAMON TABLET MOVED | DR. SNODDY | DENTIST 112 East 2nd Street Over White’s Grocery Phone 204 C.R. & W. | MILLING CO. 1830 East Yellowstone For Cabinet Work, ~ Frames Screens. Sash, Surveyors’ Stakes e Phone 698-J stroyed except by fire or timber! Dlight. If it sets by a reserve of coal lands, it ts absolutely certain that the coal will not be depleted as! long as the reserve ts maintained. | But this fs not true of oll, which| Is a fluid resource. Geologists agree! that underground oll is restless stuff. | Glven the slightest opportunity, t| will migrate along the path of least resistance regardless of whether the} government wants it “to stay put” Weak Eyes? Camphor If you have weak, aching eyes try simple camphor, witchhazel, hydras- Us, etc., as mixed in Lavoptik eye. wash. One small bottle helps any case weak, strained or sore eyes. Aluminum eye cup free, Pharma dvertisement. that isa blend the choicest From the plantation’s best to you. There is the charm to a 8 ‘Nut that will set you a day-dreaming of the romances of southern seas. ) of Butter- 7 | Tribune Wantads bring results | better you feel and look. 15¢ 30c. ‘Yes—it can be done The finest of cars can be sold at these prices HE Studebaker name guaran- tees to you the utmost in fine- car construction. For 72 years it has stood for quality, for honest workmanship, for square dealing. It has always stood for style and class. Remember Studebaker car- riages— examples of fine coach buil 6 fi Consider our facilities—mark what ‘we have at stake. $90,000,000 in as- sets, $50,000,000 in plants and equip- ment, $10,000,000 in body plants as maultiplyin; ote our 'p] 4 sales—the sensation of Motordom. It is fair to assume that ‘we can and do build the finest cars and at Stude- baker prices, What is a fine car? A fine car means the best materials any cost can buy. We use 35 for- mulas for steels, each known eae best for its purpose.’ We pay a pre- mhium of 15% on some to get the formulas exact. All Studebaker models are equipped with Tim- ken bearings. There are few cars in, America, re- gardless of price, which equal ours on this point, In our Light-Six, for in- stance, we put more ‘Timken bearings than are used in any competi- tive car, within $1,500 of its price. s ‘A fine car means fine engineering. We spend $500,000 yearly on that de- partment, employing 125 able men. It means careful construction. We hhave 12,500 up-to-date machines. 1,120 of our operations are exact to 1/1000 of an inch. 360 are exact to one-half of 1/1000 of an inch. It means infinite pains. For in- stance, we machine all surfaces of our crankshafts as was done in Liberty Airplane Motors, We are SI biG Hit. scl = opmenger 1i2in W.B. OTF. the only makers of cars at our prices who do this. It means careful inspection. With Us it means 30,000 ins ions in the manufacture of each Studebaker car, Luxury and beauty It means a car to be of. Our body finish includes 15 coats of tt and varnish. hase Mohair is used to upholster our closed bodies — made from the soft fleece of Angora goats. We offer much extra equipment. Go and See Why Studebaker Leads Studebaker is now the world’s largest builder of quality automobiles. _ ‘Last year, 145,167 fine-car buyers paid $201,000,000 for them. There are 13 models. Prices begin at $1,025. Go see the reasons for this trend. See why $1,400. sales have almost trebled in three years. Why these cars have become the sensation of Motordom. You owe that to yourself before you buy "a fine car. Some of our Big-Sixes, for instance, have two pe Bas Reames bumpers, one or two extra disc wheels with cord tires, a courtesy light, a motometer, steel trunk, etc. This factory, remember, is the _ancient home of fine coach work. es 8 8 A fine car must be enduring. A Studebaker Big-Six, built in 1918, has so far run 475,000 miles. That means 80 years of ordinary service. Where savings come Then how do the Studebakers so far undersell any comparable cars? Because we build so many. The fixed costs dre divided by enormous output—150,000 cars per year. Because we build our own bodies. The saving to you on some types is up to $300 per car. - fe Because we make our own forge ings, saving another profit there. Because our plants are modern and efficient. We have spent $38,000,000 on them in the past five ners, pay them large bonuses to stay. ‘Chang- ing men is expensive. ecause weconduct this buriness in every way on the sest modern lines. What buyers save The Studebaker Light- Six Touring Car sells for $1,045. Under manufacturing condi- tions it would need to cost you from $1,200 to On our Special-Six the difference might be $400 to $700. On our Big-Six type the difference may fun into thousands, depend- ing on the number pro- duced. For this car come pares only with the fh- est-priced cars in Europe and America. » « »#& You will respect the Studebaker methods when you come to know them. You will admire the cars they create. You will delight in the values. Remember that last year 145,167 fine-car buyers, after comparisons, chose the Studebaker models. many people could not be wrong. Learn why they did so ¥efore you buy a car at $1,000 or over, You owe that to yourself, SBPECIAL-SIX 5-Passenger 119-in.W.B. 50H.P. Touring = + $1425 = 1400 - 1895 ~ 1985 Bre LG's Sk ————— 7-Passenger 126-in.W.B. 60 H.P. Touring . 2. 2 2s $1750 Speedster (5-Pass.) . « 1835 Coupe (5-Pass.) . . « 2498 Sedag 6. 00 3s we 2685 we « Fae ee __ (AU prices }. 0. b. factory. Terms to meet your convenience.) STUDEBAKER SALES AND SERVICE » Railroad and Wolcott THE WORLD’S LARGEST PRODUCER OF QUALITY AUTOMOBILES Phone 1817