Casper Daily Tribune Newspaper, April 17, 1924, Page 10

PAGE TEN. ee SCRAPPING OF TEA ‘GOOD BARGAIN’ SHOULD. STAND (Continued From Pago One) navy by drainage, Mr. Winter con- tinued by asserting that “both Salt Creek and Teapot fields are in one great ofl structure. The producing oll sands in Salt Creek run through Teapot field and are continuous be- tween the fields. In Salt Creek these sands are 150 feet higher than in the Teapot. Last year, 1923, while the Teapot was producing 1,022,000 barrels, Salt Creek pro- duved 35,000,000 barrel: Oil under gas, rock, and water pr re seeks the highest point in these under- ground sands. “Wells drilled in the syncline, a slight depression of the sands be- tween the ends of the two fields, found in the second sand oll, not water. That was absolute proof of the continuity of the oil deposit of the two fields. he “A ine of wells in Salt Creek 200 feet from the division line, an imaginary line separating Salt Creek from the Teapot, produced when drilled to the second sand large amounts of oll. “When wells were drilled in the Teapot Dome, the production of the Salt Creek wells across the line were at once, diminished, again showing the contact, the connection, and the effect of lessening the pres- sure of gas. “The ‘absence of tremendous amounts of of] which should have been found in the Teapot by the unanimous judgment of all con- cerned is exceedingly significant.” NOTED GEOLOGISTS STAND CONVINCED. Quoting from well known geolo- gists Mr. Winter’ ‘asserted that their opinions and subsequent de- velopment offer “convincirig proof that Teapot was being drained and it was therefore necessary to make the lease. But I will go further and say that even if such over- whelming proof were lacking, if ‘and greater proportion the royalty there was a single doubt of the gov- ernment oll being safely held in the Teapot structure, it was the abso- lute duty of the secretary to make fa lease at once. How apparent it is that if he had not made this lease and a few years from now the field hd been opened and the discovery then made that it held but 26,000,000 instead of 135,000,000 barrels, there would have been a terrific condemnation and a hue and cry would have gone up all over the land at the great loss. But as the record stands the responsibility for that loss {s upon Mr. Daniels, Mr. Lane, and Mr. Payne, secre- taries under the Wilson administra- tion. “The present situation {s that re- serves No. 3 and No. 1 are under receivership in the courts at the sult of the government. It is signi- ficant to note tho fact that no temporary injunction was asked for or granted against production from these leases. Wells, especially pumping wells, are those on the Teapot, can easily be closed in. ‘Therefore it is the drainage they fear, and rightly so." CONSERVATION IN GROUND IMPOSSIBLE Conservation of oll in Teapot was put beyond all possibility by the sale of leases aggregating 6,400 acres on the east, southeast and south of the Salt Creek field in June, 1921, Mr. Winter added. These Jeases gave the owners the oppor- tunity to drill wells within 200 feet pf the Teapot line. Negottation of the Teapot lease, calling for the construction of a 715-mile pipeline from the field to Missouri, paid the government large dividends in the form of a greatly increased price for its royalty oil from both Teapot and Salt Creek, it was pointed out. Forty-one cents a barrel more 1s being paid for this royalty ofl than would have been possible without the pipeline, which on the government's share an estimated content of 26,- 000,000 barrels tn Teapot alono will amount to $1,742,500. If the field had produced its original estimate this revenue alone would have been $16,000,000. The government alro receives 41 cents more a barrel for Balt Creek crude, amounting to Cate to $3,000,000 more than would have received ‘had there been sno ‘Teapot lease to require the building of the pipeline. JAPANESE MENACE WAS CONSIDERED “Again, in judging the necessity for and the wisdom of the lenses both in Wyoming and California,” said Mr, Winter, “let it be remem- berer that immediatety prior to and at the time of the making of the leases and contracts therewith, our relations with Japan were strained and culminating toward early con- flict in the Pacific, Touching the charge of secret letting of the Tea- pot lease it was deemed by the Sec- retary of the Navy proper and best for all the interests of the country not to make public the naval oil storage plans until a contract on reserve No. 1 was accomplished with similar provisions for exchange of oll and storage of fuel oll, com- plementing and completing the plan and system for the benefit of the Navy and the Nation's 4efense. “Before any work wos done, un- der these leases, Secretary Denby, on May 4, 1922, informed a sub- committee all about tho Teapot and the negotiations for No. 1 and the reasons for entering into them Nothing waa « alod. r € had full informatic two ears Ago. It js true that there was no pub He advertising for bids on tt Tea pot lease. But three great com: panies, outeide the Standard ou, were asked to bid. As to No. 1 lease, five companies bid, of which three are on record in the Interior department. What does this tend to prove? It shows that there was 4 ng secret collusion with the lessees who got the leases. It shows that the reasons actually were the with- holding of our Nayy plaps, until leases and plans were completed, and to secure one great company powerful enough to develop the whole field comprehensively and econamically, as a unit, and able financially to build the pipe line. EXCHANGE OF OIL DEFENDED “Ag to the wisdom of that part of the leases and contracts which pro- vides for the exchange of royalty oll for tankage, great indignation had been expressed at the idea of the secretary of the Navy paying over to the lessee a large amount of the oll for the furnishing of the material and the labor and erection of the stee] storage tanks. It is true it took two barrels of oil to raat Ls te] rage one barrel; it is pointe ar that menods instead of getting 17 per cent on Teapot oll, we get only 6 per cent. Of course, we got the 17 per cent royalty. We apsnt out ralty 41 per cent to pay these tanks to store the 6 per cent left. That was a simple matter of arithmetic and market price. The ofl ‘was worth so much, the steel tanks supplied «nd erected were worth s0 much, No one has ttempted to show that the pricés at which each were figured were not the fair and reasonable price and value of each. Under the terms of the contract, moreover, no one in competition would have erected the tanks for the same amounts, as Doheny and Sin- clair were compelled by the con~ tracts to erect them at cost and without profit. Their value to the Nation's_security is incalculable. “The lease on the Teapot Dome was let with the anticipation by all parties concerned that it contained 185,000,000 barrels of ofl; It was ex- pected that tl would be 50,000,000 barrels in thé first Wall See wad ,000,000 barrels in the secon wou Creek sand. Had this field contained 185.000,000 barrels, while {t would have benefited Sinclair, it would also have enhanced-in greater portion of the Government. That would automatically haye secured to the United States much greater re- turns as the percentage of royalty under the contract and lease rose on a siding scale from 12% per cent minimum up to as high as 50 per cent on all wells averaging 1,000 bar- rels production per day. This was the highest royalty ever given, to my knowledge, in the histery of the business at tlme the lease was made. ‘The gross royalty might easily have reached 30 or 35 per cent, and the net in storage 10 or 12 per cent. SINCLAIR WAS PLUNGER AND LOST “The 64 producing wells were dril- led through the producing sands. The remainder of the weils were either unproductive or productive of gas only, for which there is no market. ‘The average cost per well was $30,- 000. With equipment camps, water lines, gas lines, steam lines, oll lines, road building, water tanks, and pro- duction tanks a total of $6,000,000 was spent on the field. Including the pipe line required by the lease and contract to be constructed, costing $20,000,000, and including also a great number of storage tanks of 80,000 barrels capacity each, there had been a total expenditure of $40,- 000,000. “Assuming that the pipe: line, 715 miles in length, and the great tank validity in connection with the leas- ing were next discussed Mr. ‘Winter, who upheld the right of the navy and interior departments to negotiate the contracts under au- thority granted by congress under the act of June 4, 1920, “which clearly ant admittedly covers the right to conserve, develop, operate directly or by contract or leasing, store, exchange or sell the ofl from the naval reserves.” The policy carried out, he declared to be the most simplified and desirable from every standpoint in that storage for navy ofl was provided and the lighter grade of crude oll exchanged for fuel ofl to be placed in storage at Pearl Harbor. Mr. Doheny took the “only way to make absolutely here would be ofl 30 years hence. There has been no cMiticism of the exchange basis, it was pointed out, and the government has profit- ed to the extent of securing wharves, piers and dock facilities in addition to storage tanks without the necessity of securing appropria- tions from congress. The one disappointment that looms is the fact that while it was estimated that the government would be able to place some 47,000, 000 barrels of fuel ofl in storage, the loss through drainage of the naval reserves under the conserva- tion policy previously followed means that there will be available only 31,500,000 barrels of fuel oil for navy use, NEW. LEASE WOULD BE UNFAVORABLE. “If the present government leases are canceled by the courts on the ground of fraud or corruption or any other reason,” said Mr. Winter, “TI assert that immediately thereon the government will at once be com- pelled to. elther operate the naval reserves itself and pursue the same policy of exchange and of ‘storage or let new Contracts. and leases for the same purpose,” The oil must be ‘produced or lost. I further contend that in the event of such cancella- tion the probable decision of the government will be not to embark in the strange business of oil pro- duction itself. Had it done so in the Teapot field, it would have recelved less net value than it is now receiving. The United States, in my judgment, will never be able to make as favorable a contract and lease on the Teapot reserve as the existing one; nor probably on re- serve No. 1 lease, which it now seeks to cancel. “I submit further the suggestion as to the Teapot Dome if the lease is canceled the court will, unless it is prepared to go to the length of gonfiscation, decree the return to the Mammoth Oil company of the quitclaim deeds for the mining claims which existed on the Teapot field before its withdrawal, Septem- ber 27,1909, for which Mr. Sinclatr paid $1,000,000 and obligated him- self by contract to pay another mil- Mon, and which he quitclaimed to the government. 3 SIN: WOULD GET QUIT CLAIMS. “Th Were at least four such claims, aggregating 640 acres, hav- ing producing wells ready for and demanding patents whose owners Che Casper Daily virtue and. honesty, to the benefit and the glory of the American ple. The past with its great achieve- ments and its great figures is the infallible guaranty to the people for the future, ‘The government at ‘Washington,’ the best and strongest on earth, ‘still lives.’ The United States of America and its officials are sound and safo and still hold to the ‘righteousness which exalteth a nation’ WOMEN, COME “TO GRIPS AEAIN (Continued From Page One) in the Thaw case, But what a far different Evelyn today. There is no longer any mystery, any look of girlish wonderment in those big dark eyes today, dimmed with tear- bought wisdom, the eyes of dead ashes. The once tender mouth— the lips that caught thé fancy of the great artists of her early days— are curled today in a cynical hard- ness. The deep brown velvet hair which used to mass itself about a small head in waving plenitude, has lost all its gloss. It is bobbed now and bristly and has that burnt-out Took that goes with too much curl- ing on the irons. Evelyn Nesbit wa# a lonely little figure at the first Thaw trials. She sat with the family then, but they tolerated her with ill and uneasy Brace. They tolerated her because she was the only human factor which could save the scion of a proud Pittsburgh family from being “burnt up the river,” from the fate of the common murderer. During the two great trials, which were read around the world as no other murder cases ever have been, Evelyn, who still calls herself as if the first syllable was spelled ‘Eva’ stuck to the ship, stuck to the most dramatic story of a r'rl’s ruin which ever has been told In court. It was a confession which should have been heard in some cloister. But it was given to the world that Harry Thaw might not. die in the chair for an act of mad jealousy— the slaying of Stanford White that summer night on the Madison Square roof, Evelyn claims that after she had pald and paid and paid at the trials, she was cast adrift by the Thaws. They gave her no money. ‘They thought they needed her no longer and so today Evelyn sits again a lonely figure in the yault like court room where Thaw money ts fighting again for Thaw liberty. As one looks at the mature woman ,who was once the 16 year old sweetheart of the,great architect, there rushes back th8 memories of the room. of mirrors, the forest room, the big velvet swing where Stanford White would swing her higher and higher until at last she could kick her Pointed toes through a Japanese Parasol attached to the ceiling; the Sreat room in the Madison Square tower studio where the parties were relinquished their right to patent to apply for leases. Leases were re- fused and a rehearing on the appli- cations asked and denied. These claims, in my Judgment, are entitled farm will ultimately pay for them- selves in the storage and transporta- tion of ojl, and considering only the $6,000,000 expended on the field, it will take several years of production at its present rate to return this in vestment and to begin the accrual of profits. The di production, 4,000 barrels, if maintained—and it can only be maintained by the drilling of new wells—amounts to 1,460,000 bar- rels per year, of which thé Govern. ment will receive 17 per cent royal- ty, if last year’s well capacity and royalty be taken as the standard. This means the Government will re- ceive annually 248,000 barrels, leav- ing 1,222,000 barrels. “Giving this an average value of $1.25 per barrel, the market having been as low as 60 cents per barrel in the past year, the share of the leasee will be, in round numbers, $1,500,000. Without calculating an immense overhead and new wells to maintain the dally production, it will take three years more to return the lessee the money expended on the field. In- cluding the $20,000,000 expended for the pipe line, the life of which with out renewal would be but 10 years, the $6,000,000 on the field and the $14,000,000 operating expense and storage, the known whole content of the field in the two sands, 26,000,000 barrels, worth $30,000,000, will repay to leases under the act of February 25, 1920, if not +patents under the general ‘mining law and_ perhaps under section 37 of said act. Whether patents or leases be grant. ed or not, the law Bives the right to'develop and to extract mineral, ineluding oil and gas, without Patent and without lease, until the claimant is lawfully dispossessed by Proper procedure. If the claims are valid, they can never be- dispos. sessed. It will take years of litiga. tion to clear the fields of such titles as may be invalid, dispossess the claimant, and put the government in possession to operate by itself or by contract and leases. The pro. cedure will have to be taken by the secretary of the interior, who has Jurisdiction. Not until that is done. and as to valid claims it may never be dono, will the secretary of the navy acquire jurisdiction and be placed in @ position to enter and operate the field for the government or put any other lessee in posses- sion. Meanwhile there will be no such thing as conservation in the ground. Production and drainage will be going on. PRODUCTION 18 “CONSERVATION,” “As the matter now stands, it the ‘Teapot lease 1s enforced, ‘the the lessee but three-fourths of h expenditures, It will take 20 years to do that, “When the Teapot lease was made and everyone concerned thought that the fleid would produce oll, {t was not in fact a proven field. No well had been drilled In the Wall Creek sand within the withdrawal lines, It was in that sense a wild- cat field, ‘The other compantes ask ed to bid on the Teapot lease would not take the chance. The provisions demanded by the Secretary in favor of the Government, Including the en ormously important feature of the great pipe line, were too drastic. Sifolair was a plinger and took the chance. Developments have shown that he has lost GOOD BARGAIN FOR GOVERNMENT, “The government plainly drove a good bargain. Had the field con- tained the expected volume of oll, it would he na still better lease on behalf of the government, because of thy larger royalty. pay- able under the terms for larger wells, * * © “Much has been said of the aban- donment of our fixed policy of con serving the navy ofl, ‘There was no, change of policy. as to conserv ing the ol When the conservation in the ground was endangered, when we were losing our oll, method of conservation had to change. When conne tion underground be- came ineffective, tmpossible, con servation on the surface of the ground became the method and the only effective one, Let us face this undeniable fact and, using reason ‘common sense, be fair.” The question of authority and titles are cleared, production . serving the oll otherwise draining by private wells, the government to surely and rapidly securing, under & Contract and lease providing in its terms the highest maximum royalty known in the oil history up to that time, a §00d proportion of the oll; it 4 further securing by exchange a fair, large, and adequate supply of accessible navy fucl oll safely and Permanently conserved At the proper places on the coasts and Hawaiian Islands for our navy defense and future safety. should we not take a second thought? Even if ‘voidable, the government should enforce the naval reserve No, 3 lease and consider the same action as ¥ naval reserve No. 1. “Let the people be not al Thero has been no breaking deny of government. Let there be mo anxiety. ‘The guilt of one man, if Proven, can not affect the stability of this great ge country. Such guilt is individual, 1t does not change the integrity, the power, and the genius of this great overn: tho. United States. No Eullty pore son’ will be shielded, No party wants any criminal protected. At the same time the fairness and common sense of the American peo. plo under the steady guidance of Our president will secure eve: of the people en the one hand and Constitutional rights of individuals pin: tbe other hand will both be held Let the people continue to hold and have faith in their presi. dent, in their congress, in their courts, in thelr government, which, under either party, through all the years of the past, has proven ite given for the rich young men about town and the chorus girls and Evelyn emerged one night from a papier mache: pie, a glorious throb- bing young creature, an artist's study in the nude. Laura Jean Libbey in her palmiest days never thought of such a plot or such a story as came rippling from the lips of Evelyn Thaw on the witness stand. It held the world spellbound. Evelyn still was inno- cent in those days despite her ex- perience at the hands of Stanford White, despite her experiences abroad with Harry Thaw, the nights at the “Dead Rat” in Paris, the nights of flagellation, the nights of abeinthe intoxication. If not info- cent, at least she wore the niask of innocence and it was intensely be- coming. But much water has flowed u the bridge since then. Bivelyn has been adrift. Like Harry Thaw him- self she has once attempted to end hewlife. At another-time, the body of a lifeless girl found in the Potomac rive was thought to be hers. But Evelyn ald then that when sho finally committed suicide it would be in a more spectacular manner than merely finging into some dark waters, says success has come to last. cabaret at Atlantic City, By sho comes to the insanity hea here. Apparently she is prospe and apparently no longer addict. She claims she was divorced, that she knew nothing of the aul until {t was all over. Evelyn ves by the publi ro rite hg Public and for the Old Mrs. ‘Thaw, however, nothing of the public, not even its sympathy. She looks on the public, on the people, as her enemies, ‘ he By night she dances in the at day ring rous a drug illegally ask remembers that it always has ae ithe People vs. Harry K, Thaw.” The people demanded her son's Ife. Now they demand his incarceration, Why should the common people make 80 bold with a Thaw? Those who saw Mrs. 1 aw oat her son's trigis remember the reluctance with which she permitted the in- sanity plea to be made. That was the crushing blow. ‘Th ow. hero was no belief that the son had done wrong. The plea of “dem entia americana” was music in her pe eats. It Delphin Michael Delmas hia big fea —————.—_—___ * Camphor Acts Quick People are surprised at the quick action of simple camphor, witch. hazel, hydrastis, etc., as mixed in Lavoptik eye wash. One small bottle helps any case sore, weak oF strained eyes. Aluminum’ eye cup free, Casper Pharmacy,—Adv THE YELLOWSTONE APARTMENT HOTEL “Largest in Wyoming” 1 Room and Kitchnette A Real Home for Two $50.00 Per Month 426 W. Yellowstone Eribune ° SENATE LAUNCHES INQUIRY INTO GUILT OF SOLON FROM MONTANA (Continued From Page One) that Senator Wheeler hat. appeared for Campbell in the state gourt cares. At the outget of the hearing Sena- tor Sterling, Republican, South Da- kota, suggested that it might be well to have the witnesses waive immu- nit: 2 fone of these witnesses are charged with anything,” sald Chair. man Borah. Attention was called that Camp- bell had been indicted with Senator Wheeler but Senator Borah said that could be taken care of when Campbell was called. i 2 The chairman read the statu under which Senator Wheeler was indicted on a charge of accepting a fee to appear for Campbell before the interior department in the in- terest of oil land claims, Stout then was called to the stand. ‘The witness said his conversation with Campbel! about employment of Senator Wheeler took place in December, 1922, a month after Wheeler was elected to the senate, The litigation related to an effort to throw Campbell into receivership, He himself, Stout said, was not ing terested “in any way” in the com- pany. He also, said the fee Wheeler had asked to represent Campbell was $10,000 a year. Gordon Campbell, indicted with Wheeler, followed Stout’ on the stand and watved all immunity. ‘Wheeler’ told him, Campbell said, that as he “had been elected United States senator he could not attend to any of my land cases.” “He didin't want anything to do with the land cases,” Campbell added. Z Campbell began his testimony by saying he was a geologist and tell- ing of his discovery of the Keyin- Sunburst ofl field on Montana. ‘He said he had been involved in about forty law Suits in ofl field niatters and sald the pronerty concerned was oe of “very great value.” He described his conversation. with Stout and said he had told Stout his own law- yers were “not standing pat with me,” and that he had thought.of employing Wheeler “because he's a fighter.” \ A Wheeler came to his office in Great Falls about December 20, 1922, and the agreement for his em- ployment was reached verbally, Campbell added. Campbel! declared Wheeler had never appearéd for him before tho interior department “and repeatedly told me he could: About a month ago, Campbell said, he telegraphed Wheeler when ‘they were going to pull some of my casing’ in ‘oil wells on public Jand, “They,” referred to the bank which had foreclosed “Is there no way for the gove! ment to stop ruining these wells?” The message to Wheeler said. Campbell produced a “true copy" of Wheeler's reply, saying he was “advised” that the government could not intervene in the bank’s plan to sell the casing under a foreclosed mortgage. Another Campbell telegram to Wheeler was presented, relating “to the Lincoln permit.” It asked Wheeler to arrange a conference with Solicitor Booth of the interior department. Senator Wheeler's of- fice replied that the senator had seen Booth and that the latter would see Campbell when he came to Wash- ington. . The witness insisted there never was any “question of government permits” involved in his dealings with Wheeler. He confirmed that the fee agreed on was $10,000, and said he paid Wheeler $2,090 to rep- resent me in this litigation in Great Falls.” “What do you mean by land mat- ters?” asked Senator Sterling, Re- publican, South Dakota. “Some of our lands had to be cleared up,” Campbell said. “Did Senator’ Wheeler give any reason why. he couldn’t-appear for you in those maters?” ‘ “He said he could not appear be- fore government departments, Some of the leases were coming before the general land office. We had a man in our officerwho attended to that and I told Mr. Wheeler.” Under questtoning by Senator Caraway, Democrat, Arkansas, he reiterated that he had hed no un- Isierstanding, “direct or implied” with Wheeler in regard to any mat- ters. Campbell testified that the $2,000 payment to Wheeler was made “about the middle of January, 1923.” Senator Borah read a count in the indictment returned against Senator Wheeler charging that he had ac- cepted $2,000 from Campbell in Jan- uary, 1923, to appear before the in- terlor department. “What was this $2,000 paid to Senator Wheeler for?” asked Sena- tor Borah. “To appear in the state courts in the receivership case. ‘es sir, he won the case.” Did you ever pay Mr. Wheeler any sum to represent you before the Interior department?” “No sir, and he’ never appeared before that department for me." Campbell said he later had paid Senator Wheeler an additional $2,- 000 on the account of the $10,000 annual ‘retainer. He sald Senator Wheeler still is his counsel in the Montana state courts. The “Lincoln permit” telegram from Campbell to Wheeler as put in- to the record reads. . “Please advise when you expect to return. Believe mattér of Lin- coln permit vitally important. Tt is possible you can discuss matter with sol{citor and I can come to Wash- ington and discuss matters with him with view to satisfy settlement even during your absence. Feel this per- mit should have prompt attention.” This reply was sent to Campbell: “Have already discused permit with solicitor, but did not have num- ber. Wire that to me and I_wfil ar- range to have you see him in person if you come here." “T will state,” interposed Senator Wheeler, when the telegram wai $e THURSDAY, APRIL 17, 1924. | ° SG read “that that telegram was sent from my office in my absence, but I take full responsibility for it.” Campbell said he did confer with: ‘Solicitor Booth and the latter had told him he should employ Washing- ton’ attorneys to represent him be- fore the interidr department. He followed that suggestion, he added, reiterating that Senator Wheeler had never “ " for him be fore the interior or other govern- ment department. Copies of correspondence between Campbell's land attorney in Great Falls and bis land attorney in Wash- ington were produced. The origi: nals had been taken from his office in Great Falls “by the government,” he said. ’ “How dia the government take them?" Senator Borah asked. “Just took ‘'em,” sald Campbell. “They worked a whizzer on my of- fice force.” % Campbell then testified that vari- ous department of justice and post- office people had taken the papers from his office, included in the group being the postmaster of Great Falls, whose name he did not know. “They worked a very high handed game,” Campbell sald, “adding that he had previously told officials who called at his office on the case that Y< he would give them any information they wanted. : Senator Borah called for Solicitor Booth when Campbell was excused, but as the interior department of- ficial was not in the room, James H. Baldwin, Wheeler's law partner, was put on the stand. \ The law firms books showing Payments made to the firm by Campbell in the cases in which it represented him were produced by Baldwin, who gave also details of the state court cases, He said he understood that “the Standard Ofl and its subsidiaries” were trying to get contro] of the Montana oil field involved in the 19 cases in which the Wheeler-Baldwin firm repre- sented Campbell. e “Was there anything pending in your office relative to Mr. Camp- bell’s affairs requiring you to ap- bear before the interior department or the local land offices?” asked Senator Borah. “Absolutely not,” Baldwin replied. Baldwin was excused and the 8 committee adjourned until 2:30 p.m. The Truth eo About this Light-Six—plus proof on proof HIS Studebaker Light-Six is the supreme value in the “thousand-dollar” class. It offers, not a few, but scores of advantages. In its chassis it repre- sents the best that modern engineer- ing knows. 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And saving you by quantity produc- Built in a model tion from $200 to $400. Built of the same steels, with the same care, ds the costliest cars we make, The car that saved 11.4% in rivals, The car with 14 Timken gs. Mail coupon for book about it The equipment is unusual. The cushions are of genuine leather, and are ten inches deep. Every part and detail accords with Studebaker traditions. And the name ~ Studebaker has for 72 years stood for quality and class, Mark this result } Some men who operate fleets of sss FO LIGHT-SI1xX r SPECIAL-SIX 5-Passenger 112-in.W.B, 40H. P. Touring .° es Roadster (3-Pass.) . . « Coupe-Roadster (2-Pass.) « Coupe (5-Pass.) . . . Sedan. ww wee ew 5-Passenger 119-in.W.B. 50H. P. pj SIONS" Rogtng ss ba. wwe ASS «= 1025 — Roadster (2-Pass.) . x + vm 1400 = 2 1395 Coupe (5-Pass.) . a sw «1895 SSeS MAME eS ek OKO Mbes iting cost under miles. All because of this quality con- struction, What it saves you We build 150,000 cars yearly. All such major costs as engineering, dies, overhead, etc., are divided by 150,000, We build in model plants, with modern ma- chinery, which have im- mensely reduced the manufacturing costs, A car like this, built under ordinary condi- tions, would cost you from $200 to $400 more, Learn, for your own sake, what that means to you, Send for the book Mail us the coupon be- low. We will send you free our new book that will inform you on five simple things which re- veal the value of a car, For instance: It will en- able ies fo look at any car and tell whether it’s been cheap- ened to meet a price or offers true quality. It will tell you why some cars rattle at 20,000 miles and others don’t. It shows one single point ina closed car which measures whether you're getting top or medium quality, ae book is free—clip the coupon iow. B Ll Gets at xy + 7-Passenger 126-in. W.B, 60H. P. Touring . . . 6 « mw 81750 Speedster (5-Pass.) = m « » = 1835 Coupe (5-Pess.) « =m we we Sedan... (AU prices }. 0. b, factory. Terms to meet your eonvenience.) Studebaker Sales and Service Railroad and Wolcott Phone 1817 eee eeeeeeseneneeneeen (MAIL FOR BOOK 1 STUDEBAKER, South Bend, Indiana 1 Please mall me your book, “Why You Can- § not Judge Value by Pric . ‘a THE WORLD’S LARGEST PRODUCER OF QUALITY AUTOMOBILES § .nnananncncnnnasnnesunesecnnee: 24 -APOT LEASE FOUGHT BY REP. WINTER ~ 5