Memory's Storehouse Unlocked, True Stories: Pioneer Days In Wetmore and Northeast Kansas
John Locke · en
I was offered the trusteeship—but I declined to accept it. I think
the reason the committee offered it to me was because I had been the
trustee—with no part in the promotion—of a block of eight hundred acres
of oil leases in Elk and Chautauqua Counties, purchased from Charley
Cortner, salesman, of Iola, and Dr. C. E. Shaffer, vendor, of Moline, by
our Wetmore group, at $10 an acre, with further obligation of $1.00 per
acre yearly rentals, for five years, which had been carried through to a
successful termination, with no gain to the “investors” and a loss to me
of only $85—aside from my $250 first come-in and my part of the rentals,
$25 a year, through payments of rentals in general, as trustee, in
excess of collections. I had to collect four hundred dollars twice a
year from fifty-three people—and I didn’t quite make it. I therefore
regarded the trusteeship now offered me as not a desirable recognition.
To keep the record straight, I shall now give with a little more
enlightenment. I actually had a little velvet in the Shaffer oil
deal—leastwise it looked like velvet at the time. Not for promotional
influence—but for services rendered, and to be rendered.
I went with Charley Cortner, the salesman, and three other Wetmore men
to the Moline oil field—paid my own expenses, even to transportation
equal to railroad fare, and therefore was beholden to no one. The Moline
acreage adjoined a block of leases on which the discovery well, a
small producer, had recently been brought in. There was, however, big
production—and growing bigger every day—at Eldorado, where we stopped
on the way down to get our appetites (for oil speculation) whetted. I
wanted to go in with them, of course.
You know, should you pass up an opportunity to go in with the home folks
on something that was to pan out big, you would always feel that God had
given you less sense than He had given your more fortunate neighbors.
And, should you strive to live down the mistake, there would always be
lucky ones to remind you of your dumbness. The hope of oil-money was in
my system. Had been hankering to get in with the home folks on something
good for a long time.
When reminiscing for entertainment, as well as for record of historic
fact, with no particular theme to exploit, you will, doubtless, agree
that it is permissible—nay, oft-times necessary, to break all the rules
laid down by learned teachers; such as to never let one incident call up
another. And, if you don’t agree—you are going to get it now, anyway.