Memory's Storehouse Unlocked, True Stories: Pioneer Days In Wetmore and Northeast Kansas — John Locke — John Shaqi
Memory's Storehouse Unlocked, True Stories: Pioneer Days In Wetmore and Northeast Kansas
John Locke · en
The point I’m trying to stress here is, that we did not acquire the
mining claims for the purpose of launching a stock-selling enterprise,
as was so of ter done about that time. But we learned that more often
than not even promising mining prospects require the expenditure of
more money than we, as individuals, could devote to it—hence the
incorporation.
Thus it is that, in the fullness of Time, I have tried mining—to the
tune of Six Thousand Dollars, plus; out of pocket—and I’ve tried oil,
not once but three times; and I’ve even tried real estate speculation
in the boom days of Port Arthur, Texas—all avenues leading up to the
coveted get-rich-quick-field—and so help me, I have never taken down a
dollar.
I promised my companion of the day that I wouldn’t tell about our
“investments” in Port Arthur town lots. But that was a long time ago,
between the time he was elected Governor of Kansas, from Nemaha County,
and the time he served as Governor of the Federal Reserve Bank in Kansas
City, Missouri. So I opine that it doesn’t matter now, since he is
safely beyond the pale of political patronage. In the new boom town of
Port Arthur that warm January day about the turn of the century, the
“boomers” showed us the location, with rock foundation all ready in
place, for a bank building, with brick enough piled on the site to build
an edifice big enough to house all the money in the world. But the
most revealing report I ever got from my friend, the Governor, on our
investments, was that the restless bank foundation and its companion
brick pile had gone on the prowl, virtually slipped from one end of the
plotted business section to the other end, taking now and then a rest
period.
The old regulars in our group of “investors” are about all dead now—or
have dropped the Big Idea. Joe Searles, at present prescription clerk in
a Sabetha drugstore, never in too deeply with the old group, is in line
to get his now. He has taken on both leases and royalties in the Strahm
field. The development so far has been done by the Carter Oil Company,
holding most of the leases. But private interests are trafficking in
royalties in a big way. Should Joe make good—that is, break into the big
money where the Internal Revenue take would warrant him in throwing
away a portion of his winnings in “wildcatting,” I suggest that he come
home—and finish the Haigh-Lapham oil test. This—and other betterments
for the old home town—is what I planned on doing, had I become burdened
with mine-made money.
Also, let it be understood that I took no part in the organization
of our group of “investors,” or the promotion of any of our oil
speculations.
And now a last word.