Rodolph Hatfield Missouri Oil and Dev company Springfield, MO 25 Sept 1901
ner A BIG COMPANY PROF. SHEPARD IS MAD3 PRESIDENT. TKE PROMOTER TALKS He Made an Investigation of th Land But he Owns no - Stock, JOPLIN, Mo., Sept. 25. Tha secretary of the state has granted a charter to the Missouri Oi and Development' company with a cap ital stock of $i,cwq,ooo. Yfhe organization and future success of this company may be of more than passing interest to Joplin. Soma of the organizers of tlie new com pany are men bedding large mining interests here, among whom may be mentioned John Carter, interested in the Sherwood and Sew Portland mines, and Rodolph Hatfield, owner of the North Heights property. Mr. Carter was interviewed last evening conccrning - th plans of the company, and said : "The company has been quietly working in Vernon county for tha past year, obtaining leases and prospecting. We now have nearly 20,000 acres of land under lease and option, and have drills at work prospecting the ground. We have had no desire to make our plans public, but now that the charter ij issued we have no objection to let ting the public know what we pro pose doing in v ernon county. "For some years it ' has be;n known that both gas and oil could be found in the vicinity of Stotcs - bury and Richards, which towns are included in the last United gerdogical rcnort as within the od and gas belt of Kansas aud Missouri. To make sure of our ground we sent Trot". E. M. Shepard to make a careful geological examination of the territory in which. we proposed operating. Prof. She ard is professor of minerology at Drury college, a member of tha American Institute of Mining Engineers, and has an international reputation as a geologist. His re port was very encouraging, and In blocked out a certain territory, within the bounds of which bs said we would find gas, oil and coal. Active work was at - once commenced, and we have found ail three of the minerals named. "Now that we are dulv orcaniz - cd development work wifl be push ed more vigorously and we expect that within a short time we will have enough Wells opened to war rant us in commencing pumping and erecting the necessary storage tanks. "The lands of our company - rj intersected by the Kansas City; Southern ami Missouri Tacifia railroads, which fact will material ly assist our future plans." Prof. Shepard was made president of the company although ha holds no stock. The company is composed of substantial men and the selection of Prof. Shepard M president, While a surprise to him is a great compliment.