Mr. DE MOHRENSCHILDT. At the same time about, when we were breaking
this partnership, my wife's uncle, Col. Edward J. Walz, from
Philadelphia, who is an investment man and a man who is fascinated by
the oil business, offered me to form a partnership with him, and we
formed a partnership just about the same time.
Mr. JENNER. Have you identified this new man?
Mr. DE MOHRENSCHILDT. Yes; Col. Edward J. Walz, this was my wife's
uncle, Miss Sharples' uncle--much younger than his--than her mother,
but a man of substance, from Philadelphia--with whom we developed
friendly relationship. He liked me and I liked him. And we decided to
form a partnership, and we called this partnership Waldem Oil Co.--with
the idea of doing the same thing I did with Ed Hooker--that I would do
the fieldwork and he would do, more or less, the financial end of the
business in Philadelphia.
We had several very successful dealings together. On our first drilling
venture we found oil. I kept producing that little field for quite some
time.
Mr. JENNER. What field?
Mr. DE MOHRENSCHILDT. Post field, in Texas--a small part of this field
belonged to us, and we kept on producing. We did other operations in
the oil business, selling leases, buying leases, and things like that.
But we didn't do anything spectacular because he never could provide
any large amounts of money for anything spectacular. We did small
things. It was a small operation. But we always made money together.