Chicago's Oil

Although it got badly burnt in its search for a beautiful woman (see above), University of Chicago last week found oil to soothe its smarts. Oil has been the University's sustenance from birth. Of its $121,000,000 assets, $78,000,000 came from the Rockefellers. In the 1890s the University was called a subsidiary of Standard Oil Co., was twitted in an apocryphal alma mater song: "Praise John, from whom oil blessings flow." Last week University of Chicago struck oil on a tract of land it owns in Olney, Ill,* and began to collect royalties on a gusher producing 450 barrels a day (at current prices, $1.40 per bbl.).

*A bird sanctuary, left to the University by the late Dr. Robert Ridgway, for 49 years curator of birds in the U. S. National Museum.

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