The Caddo Herald
April 9, 1920
Some Building in Spite of High Prices
Caddo has considerable building going on, notwithstanding high prices of material and labor.
R. W. Wilson is preparing to erect a gin on the old gin stand just east of the railroad.
D. M. Wilson is repairing his gin.
The Caddo Cotton Oil Co. has bought machinery for doubling their capacity. The work will start as soon as the machinery arrives.
The Caddo Mebane Cotton Seed Co. will double their capacity, putting gin four new stands. Thus Caddo’s ginning capacity will be increased by twelve stands for the 1920 crop, equivalent to ten bales per hour in regular season.
M. L. Tanner has the side walls and roof on his new residence on Buffalo Street. This will be a complete and comfortable home when completed.
The town is having some dirt hauled to fill in some rough places on the streets. The Commercial Association will make some plans to do some street and road work right away. The membership is now 102 and by taking over the work of the Bigger Caddo Club, they can do some pretty good work.
Several more oil rigs are expected in the next few days. This ought to furnish plenty employment to all who want it. Meantime the farmers have their lands in good shape. Oats have come up to a good stand. Corn is up, and cotton ready to plant, just waiting for warm weather.
Oil Well Had Some Luck- Lost a Bit
Drilling operations have been suspended the past ten days in the McCoy well on account of losing a bit and failure to catch it again.
The drillers have worked hard and long trying to get the lost piece of metal an since it is in hard rock they cannot push it out of the way and drill around it.
Without going into technicalities about it, the driller, Mr. Holcomb, says that if he is not successful in getting it out soon he will start another hole close to this one. This would mean drilling some 700 feet more, but that may be faster and cheaper than trying further to get out this bit.
The Riddels Company and several others to whom they have assigned leases feel very confident that this is good oil territory and are sure of striking oil in paying quantities very close to the present depth of the hole.
Mr. Holcomb stated Wednesday that they had abandoned this hole, would skid the derrick south 22 feet and start a new hole Saturday.