THE HOME NEWS
EDITED IN THE INTEREST OF McCRORY AND WOODRUFF COUNTY
VOl-UMN 6
\
McCRORY, ARKANSAS, FRIDAY, JAN. 28, 1921.
NUMBER 28
HOME NEWS EDITQR
VISITS NEW OIL FIELD
While in Little Rock last
week visiting the legislature
and attending the meeting of
the Arkansas Press Associa
tion, we were extended an in
vitation to visit the new oil
field at Eldorado in company
with Messrs Fred Alsop, man
ager of the Arkansas Gazette,
Will Wilke, of Minnesota,
president of the National
Editorial Association, Frank
Henderson, publisher of the
Arkansas Oil and Mineral
News, and other leading
newspaper men.
The party boarded their
pullman in Little Rock at ten
o’clock Saturday night and
arrived at El Dorado Sunday
at 7:00 a. m. We remained
there until 3:30 p. m. and
following are some of the
sights we witnessed:
Even the “hot dog’/ mer
chants, and there are plenty
of them, were getting ready
to buy stocks and such.
Washington avenue from the
hotel to the depot resembled
the “front yard" of Ringling
Bros.’ circus when it shows in
Little Rock. The street was
lined with “hot dog" wagons,
and they were doing a thirv
ing business.
r>om me kock isiana ana
Missouri Pacific railroads
were getting ready for exten
sive expansion there. The
Rock Island has the initative
and is laying additional sid
tracks. Space occupied by
the Gay Oil Company, Pierce
Oil Company ahd Magnolia*
Vetroleum Company has been
taken over by the Rock
Island to make room for addi
tional trackage. The oil com
panies' buildings, tanks and
such have been moved back
away from the right of way.
A new form of leasing has
sprung up. It is front, side
and backyard leasing, but the
leases contain no drilling con
tracts. Instead, they per
mit the lease owners to erect
tents, portable houses or sim
ilar shelters. Within a week
a city will exist there, with
scores of small shelters ereet
ed in yards and on vacant lots.
Dr. Frederick Cook, well
known for his North Pole ad
ventures, was^among the latest
arrivals. Dr. Cook has been
successful in the oil business
McCRORY DRUG CO.
Jeffries & Morris, Props.
-0
“Everything in Drug#”
PHONE 42
SKOMWia
WHERE WILL YOU LAND?
An expert says: “Most individuals spend
money the same way a dog jumps over a fence.
They do not konw whether they will land in
a fox trap, or bee’s nest or close to a juicy
bone.”
In other words they spend their money
and take chances. * It pays to save money and
keep it in a reliable Bank, like ours. Then
when investments are to be made our entire
banking facilities and banking experience are
at your disposal and you need not take a leap
in the dark. We carefully safeguard every
dollar entrusted to aur care.
BANK OF McCRORY, McCRORY, ARK.
Safe and Strong.
in Texas. So far as could be
learned, he has not acquired
any leses there but probably
will.
There was not the slightest
diminution in the volume of
incoming traffic. Every train,
passenger and freight, is load
ed.
Ranger and Desdemonia, in
their palmiest days, never
equaled the excitement that
prevails in El Dorado accord
ing to hundreds of oil men,
who declared, after special
trains had unloaded from the
Louisiana field, *that El Do
rado contained more big oil
reprsentatives than ever
gathered in any small city be
fore.
And speculation was rife.
There were hundreds of dol
lars changed hands. Acreage
anywhere in the vicinity of
the Busey well, north of north
west, was called prohibitive
four or five days ago. It may,
have been prohibitive then, at
a thousand dollars per acre,
and fifteen hundred dollars
•per acre, but it has gone to
three and four thousand dol
lars an acre, now and there
in no question where it will
stop soaring.
The field is considered
proved. There is never any
more question of whether
Arkansas is an oil field.
That is answered. The
question is: ‘‘How much will
the production be,” and as to
whether the field will spread
to big productions. Every
body believes that it will.
And oil men are putting down
their money like if as they
knew it.
With the stream of oil from
the Busey-Daniels well which
came in a gusher at 4:30
Monday afternoon, still shoot
ing 50 feet above the top of
the derrick the average esti
mate of the well's production
had been placed by reliable
oil men at 20,000 barrels
daily. Eighty thousand bar-,
rels of oil, it was estimated,j
had flowed from the well up
to Sunday and was dammned;
up in a ravine an eighth of a^
mile long and 200 feet wide.
At one time a part of one'
dam give way and oil flowed
into the Rock Island pond ’
nearby.
For many feet about the
derrick a black fog enveloped
the landscape, while the;
stream of oil rose above the!
derrick, falling back to earth
in thick splashes and con
tinuous spray. The stream
came in jets and periodic out
bursts, rising at times far
above the derricks, as the
pressure of the gas below i
forced it upward. There was
a continuous roar from the
well that could be heard for
a considerable distance, and
from the housetops in El Do
rado the derrick and its en
veloping cloud of oil were
plainly visible. )
El Dorado’s pulse, whipped
to feverish activity by the re
port Monday afternoon that
the Busey-Daniels well had
come in a gusher, was racing
at about 120 to the minute
Sunday morning and those
who owned land or leases in
the vicinity saw themselves
potential millionaires.
This little town of five or
six thousand souls (the cen
sus gives it only 3,000) was
in a state of tuurmoil as the
result of the quick events of
Monday afternoon, with no
one able to forecast the fu
ture. People were arriving
from all directions in such
numbers that it quickly be
came a question of how and
where to house and feed*
them. Sunday morning two
(Continued on page two)
HARGIS-WISNER
Married: Sunday night,
Jan. 23, 1921, at the Meth
odist parsonage, M}rs. Edna
Hargis and Mr. E. T. Wisner,
both of this city, Rev. Guy
Murphy officiating. They will
make their home in this city.
The News joins their many
friends in extending con
gratulations.
Mr. Roger Fakes was a
Little Rock visitor Saturday.
Mr. Gus Waring of Hickory
Ridge has again accepted a
position in the Sanitary Bar
ber Shop.
Born: Wednesday, Jan.
26 ,1921, to Mr. and Mrs.
Horace Chaney of Augusta,
a girl.
Mr. Nelson Fitch, of the
firm of Fitch & Liles of Grays,
transacted business in Mc
Crory last week.
Mr. Harry Granville of
Kezar Falls, Maine, arrived
Wednesday and is the guest
of his friend, Mr. Tommie
Jeffries.
Mrs. Clair C. Carson and
two children, Billy and Ruth,
who have been guests of
Messrs and Mesdames G. L.
and K. H. Carson, left Tues
day for their home in Cleve
land, Ohio.
Riggs Brothers inform us
that the price of the Fordson
tractor has been reduced this
week from $790.00 to $625.00
f. o. b. Detroit. They were
informed also that no further
reduction in the price of Ford
cars will be made.
Miss Lizzie Bronte who
graduated at the McCrory
High School Friday is losing
no time in making good of
her education, she having be
gan teaching a term of school
at New Haven Monday morn
ing.
Mr. and Mrs. Webb How
ard of Chelford, where he has
been working in the store of
J. A. McClendon & Co., ar
rived Saturday for a visit to
Mir. and Mrs. Bernice Ward.
They are looking for a loca
tion and Webb says that Mc
Crory is the best town on the
map. We are glad to welcome
them back home.
I
NEW JEWEL THEATRE j
High Class Motion
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Pictures.
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W. W. RANEY, Prop.
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