Oil prospects on Oklahoma land spark big school fund talk
The report notes government gifts to the State creating a permanent school fund backed by land sales income. It highlights 209000 acres in the Panhandle border area now eyed for oil tests by notable wildcatters, with potential leasing value and royalties directed to support rural schools.
MENTIONED IN THIS ARTICLE
Panhandle
Texas Panhandle
Wight
Little Red
Oklahoma City
Wlr
W. E Stamsery
Oklahoma
California
Endowment Promise for Oklahoma Public Schools
The piece notes the Oklahoma Territory’s 1888 land openings and the federal allocation of tracts totaling about 1,280 acres per six square miles for future state common schools. It mentions endowment lands set aside for state schools and other lands becoming state property, pending verification by geologists before the State Board of Land Commissioners.
MENTIONED IN THIS ARTICLE
Homa
State Board of Land Commissioners
Oklahoma Territory
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