(Q) Any further suggestions as to the investment counsel
activities?
(A) Still as we find, in relationship to these, we would
- not that these are to be sought over and above others, but
- consider the investments of foreign capital in securities
in this country.
For, as will be the greater activity for some years yet,
great numbers of individuals - where there is the possibility
of the exchange, and which will be made more possible by the
unification of valuations between countries - more and more
investments will be made of foreign capital in America. For
there is the general growth of the idea that America is and
will remain in its activities (and justly so) more secure
than many of the other countries or activities in same.
Hence we will find more of French, English, Spanish, German,
Russian and some Italian activities that will make it
possible for those engaged in the activities of securities in
this land to gain a greater amount.
These so long as they are held in the manners as are being
set for the stabilization of the currencies in ALL lands,
and of a BETTER activity, will grow more and more - making
secure the land of America.
Again - there is gradually being eased the strain between
exchanges in the southern countries - or South America,
Argentine, Brazil, Equador, Peru, Chile, and those countries
as may be called the Latin-American. These, to be sure, are
not all desirable; but the general trend is that there will
be, with the new possibilities that are gradually being
formed, the closer associations; and the abilities for the
investments of those in the positions to make such in
American commodities, American securities - or the United
States.
This is then gradually making for a period - which must come,
of course, before '41 or 2 - when there will be the GREATER
BOOM in the United States that it has known!
(Q) Would this business be secured by advertising in foreign
countries?
(A) This is a channel and a very good one, as the general
way, but has to be done very diplomatically to be sure.
(Q) Information was sought through this channel [in
261-29,
261-30 &
261-31] on Nov. 26, 1937, on March 14, 1938 and on
April 16, 1938, with regard to the operations and property
of the A. V. Oil and Gas Co., located at Dundee, Mich. From
the information obtained I understand that oil and gas can
be obtained at two levels -
(A) Correct.
(Q) One at approximately 2100 feet and one at 3900-4200
feet, and that -
(A) Yes, from 38 to 4200 feet.
(Q) And that the greater production will be found at the
lower level.
(A) Correct.
(Q) I am still not entirely clear as to how deep the well
now being drilled should be carried.
(A) To the 21 to 2200 feet. To make any field valuable,
have production in commercial or paying quantities. Then
the activities and developments as arise from the very
processes of bringing valuable production make the whole
situation MUCH easier.
So, when the deeper productions ARE sought, it becomes a
much easier proposition.
First, obtain that which is proving to make the field an
asset, rather than a liability.
(Q) The Reading of April 16 indicated that gas and oil in
commercial quantities would be found at 2178 feet. Does that
mean that this well should be shot at that level and not
carried to the lower level?
(A) This depth is correct, as we find.
Whatever the process needed for the character of the
formation, to make for production, this as we find would
be the better - to shoot.
(Q) How heavy a shot should be used?
(A) From 20 to 45 - of Nitro.
(Q) Should the acid process be used in this new well or
will it not be necessary?
(A) This should not be necessary, but as has just been
indicated, this depends, of course - See, there are manners
of shooting and then there are other manners of shooting.
Now, if the activity or the manner in which this is handled
necessitates the acid process after cleaning, or if the shot
in itself produces sufficient of an opening for the flow,
then these will be the manners to handle same, see?
(Q) Will the production of this well at the 2178 foot level
be principally gas with some oil or principally oil?
(A) As we find, this will be sufficient oil to make it a
commercial well, with sufficient gas pressure and quantity
that there may be the considering of that possibility and
prospect as indicated; that the need of same in the
commercial fields thereabout would be practical, see?
(Q) When should a well be drilled to the lower 3900-4200
foot level?
(A) When there has been the proof, as indicated, of this
being a field worthy of the necessity for expenditures in
that direction.
(Q) Where should such a well be drilled in relation to the
well now being drilled?
(A) This will tend more to the South and towards the West.
You see, the folds or the formation in this particular
territory, as has been indicated, while a little bit unusual
follow the general operations for such activities. And while
these to the South and West go to the greater depth, it does
not come more and more upon the general FIELD itself or pool
itself, see? for as has been indicated, these are rather
stratums or flows here, see?
(Q) Anything further in connection with this operation?
(A) These we would consider from even those physical facts
that are indications in the formations through which present
operations pass, also the physical surface facts of the
faults, of the folds and of the general lay and pressure in
the fields, of course, far to the South and East of same.
(Q) Once I was told through this channel to study Numerology
in relation to stocks; and recently it was stated through
this channel [
826-10, Par. 6-A] that the best books along
that line are written by Pfeiffer an Plancents. Can you
tell me where such books can be obtained, including the
street address, state and country? or the name of the person
or company handling the books?
(A) The name Pfeiffer is spelled improperly. It is
P-h-feiffer and published in Munich.
The other was referring rather to a census of the activities
of others.
We are through for the present.
BACKGROUND
Previous rdgs. were obtained for his physical condition of
stomach ulcers, etc., his business and mental-material
affairs.
4/23/38 He was present, submitting questions.
REPORTS
8/29/38 He obtained Ck. Physical Rdg.
261-33 for poison ivy.
11/22/41 He obtained Business Rdg.
261-34 answering
questions.



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