California, Southern -- Fiction; Motion picture industry -- Fiction; Petroleum industry and trade -- Fiction; Political fiction
Mrs. Groarty was always glad to see Bunny, and Bunny, alas, knew
why—she wanted to use him for an oil well! He would politely pay her
with a certain amount of information. He asked Dad about Sliper and
Wilkins, and Dad said they were “four-flushers”; Bunny passed this
information on, but the “medium lots” went ahead and signed up with this
pair—and very soon wished they hadn’t. For Sliper and Wilkins proceeded
to sell the lease to a syndicate, and so there was a tent on the lot
next to the Groarty home, and free lunches being served to crowds of
people gathered up in the streets of Beach City by a “ballyhoo” man.
“Bonanza Syndicate No. 1,” it was called; and they hustled up a derrick,
and duly “spudded in,” and drilled a hundred feet or so; and Mrs.
Groarty was in heaven, and spent her thousand dollars of bonus money for
a hundred units of another syndicate, the “Co-operative No. 3.” The
crowds trampled her lawn, but she didn’t care—the company would move
her home when they drilled the second well, and she was going into a
neighborhood that was “much sweller”—so she told Bunny.
But then, on his next visit, he saw trouble in the stout lady’s
features. The drilling had stopped; the papers said the crew was
“fishing,” but the men said they were “fishing for their pay.” The
selling of “units” slowed down, the “ballyhoo” stopped, and then the
syndicate was sold to what was called a “holding company.” The drilling
was not resumed, however, and poor Mrs. Groarty tried pitifully to get
Bunny to find out from his father what was happening to them. But Dad
didn’t know, and nobody knew—until six months or so later, long after
Dad had brought in his Ross-Bankside No. 1 with triumphant success. Then
the newspapers appeared with scare headlines to the effect that the
grand jury was about to indict D. Buckett Kyber and his associates of
the Bonanza Syndicate for fraudulent sales of oil stock. Dad remarked to
Bunny that this was probably a “shake-down”; some of the officials, and
maybe some of the newspaper men, desired to be “seen” by Mr. Kyber.
Presumably they were “seen,” for nothing more was heard of the
prosecution. Meantime, the owners of the lease could not get anyone to
continue the drilling, for the block next to them had brought in a two
hundred barrel well, which was practically nothing; the newspapers now
said that the south slope looked decidedly “edgy.”
Public-domain text, read in full here on John Shaqi.
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