Jasper County Democrat, Volume 23, Number 40, Rensselaer, Jasper County, 14 August 1920 — SISTER OF MRS. A. C. PANCOAST [ARTICLE]

SISTER OF MRS. A. C. PANCOAST

Of Newton Tp. Struck Fortune in Oil—Now in Europe. Mrs. Belle Hedlund; formerly of this city, but now an Oklahoma “oil queen,” in company with her sister, Mrs. Loie Bruce, of Nebraska, are crossing the Atlantic to visit the sights of France and other interesting points in the foreign lands. They are going to see everything seeable across the water and a little oil well on a I'6o-acre farm near Cement, Okla., which Mrs. Hedlund became the owner of for a little or nothing a few years back, will pay the ex. penses of the trip—just the interest on the daily principal that is fast accumulating into a snug fortune. Mrs. HedlUnd some months ago sold the oil leases on her western * ranch for $160,000, retaining an eighth interest, provided by an Oklahoma law, on any wells that might produce oil. In the course of time a well was drilled on her farm by tlfe lessees and oil cars are now carrying the products of it to a refinery. It’s oiie of the big paying wells in the state and consequently Mrs. Hedlund’s eighth interest is something like $40,000 and other wells are going down/ with equal promise of big dividends. —Crown Point Star. Mrs. Hedlund and Mrs. Bruce are sisters of Mrs. A. C. Pancoast of Newton township. They sailed on July 24, and have no doubt landed ere thi?. They expect to visit Scotland, the birthplace of their ancestors, the Livingstone’s, England, Ireland, France and possibly a portion of Qermany. They will probably be gone until late this fall. Mrs. Hedlund is a widow and for injany years was a school teacher in Lakp county. Some few .years ago she invested her savings In a farm near Cement, Okla., which has- developed into a great oil producing community. Mrs. Bruce, who accompanied her sister abroad, will make a etudy of art during their stay in France.