Casper Daily Tribune Newspaper, April 17, 1919, Page 5

~ Mid-Continental Field: J. O. Lewis, case of the individual districts, these supervisor, assisted by H. B. Good-|curves and tables were prepared rich, Calvin T. Moore, Jas. H. Hance,!under the supervision of the men in == we MANUAL ISSUED FOR OL TAXES Determination, of Oi! and Gas Earnings Simplififie by U. S. Revenue Bureau. W. E. Wrather and others. Dixon. supervisor, assisted by Dixon,:-M. M. Mattison dnd! others. A, Fisher, supervisor, others. To assist the taxpayer of the oil and gas industry in, correctly and ex- peditiously. prepaping hfs federal tax returns, the Bureau of Internal Revenue has prepared a ‘Manual for; the Oil and Gas Industry Under the Revenue Act of 1918.” Although the endeavor! has been made to un- ticipate all questions that’ may be asked regarding the law and reguta- tions, and the latter have been an:pli- fied when it was deemed necessary to obtain the desired resu!t, it is recog- nized that such a manual is only gen- fias. The book consists of three parts. and regulations. may exist. The Manual is based largely upon information gathered during the fall of the year 1918 by a corps of geologists, technoiogists | their application. Northern Louisiana Field: A Faison Gulf Coast Field: 'E. DeGolyer, Abner F. Rocky Mountain District: Cassius assisted by Arthur Eaton, C. W. Comstock and California: Carl H. Beal, super- Visor, assisted by N. R. White, E..D. ‘Nolan, Robert B. Moran and: others, .) The foreign countries, including Mexico, were covered by V. R. Gar- The natural gas industry was han- dled by E. W.. Shaw of the U. S! Geological Survey, assisted by S. S. Wyer, A. J. Diescher, W. J. Judge; W. A. Williams, T. B. Gregory, FR. Clark, E. H. Finch and K. D. White. Part I. deals directly with the law ; These as they re- late to the oil and gas industry, are eral and cannot cover all cases that explained and aealecte illustrations Part II. deals with questions of! depreciation and is the result of the work of a committee of which W. A. | Williams, of the Fuel Administration, | was chairman, assisted by Thos. Cox, charge of the districts in which the pools and fields are situated. The curves and tables are intended las a suggestion for the guidance of the taxpayer in the computation of his depletion allowance, which in turn has a direct bearing on the amount of his tax. They are not to be applied indiscriminately to specific properties, and the treasury department is in no ‘way committed to accept estimates based upon them. Every claim for deduction on account of depletion must be accompanied by a detailed statement ‘of production, etc., upon which such claim is based. The curves and tables are based upon a careful systematic study of thousands of production records; all that couldibe made available in the bureau. Many refinements and minor corrections are advisable but are de- layed until more complete records limited time at the disposal of the are in hand. The investigation resulting in the preparation of this manual was be- and examples are given to ‘bring, out gun before the signing of the armis- |tice, and most of the men who took part in it were called from their usual vocations. and undertook the work at a financial sacrifice, and often at great personal inconvenience. The oil operators throughout the country were most generous in their qi TOIPITTIOISTIISIOILO LOO L yf WEATHER UNFAVORABLE FOR FARM ACTIVITIES; MOISTURE INCREASING BY GEO. W. PITMAN. (U. S. Weather Bureau, Cheyenne.) | The week was cold and unfavor-| able for farm activities; the mean temperature was about four. degrees below normal. The deep snow cover- ing over southern and eastern dis- tricts melted slowly, and will be bene- ficial to the ranges and dry farmers, as the frost is well out of the ground. It is reported too dry for the ranges to start well in north-central distric Spring wheat is: sprouting well altho) the sunshine averaged about 61 per cent of the possible and night te peratures were, as a rule, below freezing. The week was hard on the| @ calf crop and losses were somewhat | * above normal over southeastern Wyo- ming; otherwise the condition of live- stock is reported as better than nor- mal, and no heavy losses are re- ported. Precipitation for the Week. Archer, 0.35 inch; Cheyenne, 0.15; Wheatland, 1.20 (6th to 12th); Cas- ger, 0.70 (7th to 13th); Sheridan, | 0.44; Lander, 0.13; Yellowstone, 0.44; Salt Lake, 0.92. 4, New Arrivals In Easter Apparel Smart New Suits Russian Blouse, Box Coats and Novelties. Priced $45 and Up @ceccccescescoosceccec New Easter Wraps Capes, Dolmans and Coats—a ¢j:lendid assortment of the newest styles. Priced $25 and Up if PIL IL ELIS IIL IIS ILS ISIS LIS. \GE = Charming New Dresses Jerseys, Tricolette, Paulette, Georgette, Foulards and Taffeta,—all brand new styles to select from. —Priced $18.50 and up. Blouses?For Easter In all the newest styles and colors. —Priced $5.75 and up. Blakey & Co. 0. S$. BUILDING - - - SECOND FLOOR IF IA PLMABPALAALADELAALEL EA he De / é TIFITTITFSILILLLALLLL 2 LOO aH. nae and engineers. The investigation was’ undertaken primarily to furnish al basis for arriving at valuations, and | depletion and depreciation deductions A. W. Amb H. H. Hill, J. P. in connection with oil and gas prop-| snots of the conrad of Mines ‘and | co-operation during the prosecution r Saar eens ceeeelmesceste Ne lbs G. Donnelly of the Bureau of In-|of we work not ony 6s, individual |Summer Homes in Sg Sy “\ternal Revenue. This chapter should| Dut in eir organizations, - ° D 7 reau of Internal Revenue instituted a acct the taxpayer in standardizing hearty support of the bureau ‘| Rhineland Listed Giited Stated ware canvassed Rec- | his classification of equipment. It| mines, Geological survey, fuel admin- fi S l L t 1 Gaavormprodicton@otlthoorands of |2/80 offers suggestions as to relative | istration, and other federal bureaus | or Sale Lately properties were collected and tabu- | Fates ot mdeprerieombecy different | eee of all ee Scie th | peal, ‘These were carefully classitied |'YPe of Physical property. The /Assitianee | Of i ae been accom.| - COLOGNE.—In recent newspaper ind studied by the most competent |Tates are not to be applied indis: ined in the limited time available. |#dvertisements an unusually | lange and experienced men in the country |criminately: to specific cases but are | P TI x . Aa edi *\inumber of villas and landed estates and the average future production Tela sive yon yy au ig len ercasury, ibs | aah’ pu cE: compiling) and edi jin the Rhineland have been offered curves and tables of valuation data | partment I committed | ing the material in the manual wa) 4, <ale at “sacrifice” prices. Many were produced as a result of this |°° eccengs tem) ih the porn done largely by A. D. Brokaw, J. Ie oe these residences are on the hills | study. ILI. consists of descriptions and | Darnell and L. G. Donnelly. The im- 'along the Rhine and are occupied The Manual, which consists of ; methods of estimating underground Mosca aay and publication woe only during the summer months, the about 140 pages and 13 plates is now oil reserves, especially by means ot alah re aeenorey REROH SAI Ee owners having homes in Berlin, being distributed among taxpayers production curves.. The ‘principal ae iene pecnict Of che ones |Frankfort, Dresden and other cities of the oil and gus industry. In com-|Paper in this chapter is by J. O. Repti hae of the interior. \Most of those eager piling the Manual, the country. was | Lewis and C. H. Beal of the/United} An effort will be made to have 2 to sell appear to be German nobles divided into seven districts, each of States Bureau of Mines, whose work) copy of this manual in. the hands | and higher class public officials, prices; which was handled by a supervisor |#!ong this same line is well known of each taxpayer engaged in the oil asked for these properties ranging and several assistants. These were |‘? petroléum engineers !throughout |4od gas industry and such profes~| from 50,000 to 1,000,000 marks. 4 the Applachain Field: G. B. Rich-|the country.. A collection of curves sional men as would require it. Copies | — —— ardson, of the U. S. Geological Sur- and tables covering many of the|may be obtained by. application to | Houses. constructed entirely of salt | vey, assisted’ by Barnum Brown, L. oil, fields and pools in the United ; the commissioner of internal revenue, |zre a unique feature of some of the) 3. C. Glenn, Roswell H. Johnson and 5ttes accompanies the text. In the | Washingto 1 jvillages in Russia Poland, y A WYOMING CORPORATION Authorized Ca pital—$1,000,000, Divided into 200,000 shares of a var value of $5 each. No preferred Stock, No Bonds, No Promotion er Bonus Stock i About 30,000 shares now outstanding. Offers the Unsold Portion of Its First 50,000 Treasury Shares at Par NOTE: This stock is now being actively traded in on the New York Curb Exchange at $5 to $5 1-8 a Share. ————— AELIANCE OIL AND REFINING COMPANY CONTROLS THE CHIEF PRODUC- TION OF THE WARM SPRINGS OIL BASIN. CONTROLS THE PRINCIPAL ACREAGE OF THAT FI Contracts are now being let fory the immediate con- struction of the Company’s first Refinery unit—a topping plant with a daily capacity of 1,000 barrels. - materially in ELD. : The Warm Springs wells are already producing about Pe ee eR IN ESL DINGY ERCM THERMOPOLIS TO THE a y cates ux ri < 1 A EASTERN L ‘Ss Ol T iF ¢ rent need of more 2,000 barrels of oil daily—much more than sufficient to keep PIPE LINE ALREADY CONNECTED WITH 28 PRODUCING WELLS—21 _ OF penning, facili Dera See: Rea Cele WHICH ARE CONTROLLED BY THIS COMPANY AND ASSOCIATE INTERESTS. the first unit in continuous operation, ADJOINING THE The development of the Warm Springs basin is just starting and the vigorous drilling now in progress there should soon greatly increase the output of the field. kets and the ne that Wyoming cru less the const OWNS 57 ACRES OF REFINERY AND TANKAGE SITES BURLINGTON RAILROAD IN THERMOPOLIS. OWNS TANKAGE EQUIPMENT WiTH PRESENT STORAGE CAPACITY OF 37,500 BARRELS OF: CRUDE economies require home. Neverthe- e has not kept tion of x ine li FINE NIT—A_ TOPPING PLANT OF 1,009 ae see epy This Company also proposes to extend pipe lines to other BARSNUS DAILY CAPACITY, WHICH SHOULD NET THE COMPANY $1,170 A DAY. pace with the develop ALLIANCE producing fields of the rich oil territory of which Thermopolis OIL and REFINING i ise—one is the center, to acquire controler produeion theres and ieeid OFFICERS AND DIRECTORS Rl sieves ae i i it yj as rapi as e conditions 5 Se cs ae pire tag eed) ype Ons MAURICE SINGER, New York City. .......----:0+seereees President production in the factor in the succe of crude to refine, ably situated in t President Singer Securities Cor J. c. REZNIK, New York City ....... Cotton Merchant But even with only a single 1,000-barrel refinery unit in operation only 26 days of each month, ALLIANCE OIL and REFINING can easily earn 36% NET EVERY YEAR on its ......Wice President E ! PITAL. FRED BLOOM, Brooklyn, N. Y....-.-.--2 ese essere ee _,Secretary or management. The proiiis —surge and small— Raat apey ee auvell based, figuring 25 cents Woolen Merchant qT in Wyoming and outside the > this the most attrac- j per batrel for refining cost, which should be ample to cover ISSER REZNIK, New York City. - . . LC OSS OCHO BSB Ore reasurer tive phase of the oil ind » companies en- Proprietor Tenafly Cotton Mills, Tenafly, N. J. re M t i ant 7 gaged in refin 2 ual earnings of all refining expense, including overhead; a price of $1.30 per DR. W. E. DOWNIE, Casper... ...eee00- ++ . Director aye oe es a 1 val ngs 0 barrel for crude ;\ and ‘the moderate Bg ett of eee for ATTORNEY C. W. AXTELL, Thermopolis. . a . Director companies are in ondents. ° Hono poly on one the commercial contents of each barrel) of crude renner: Ona A. K. LEE, Thermopolis........-.-++++++- eho . Director profits. Small refineri f 506 009 barrels daily capacity basis of $1.17 per barrel:profit, this company can net $365,040 “State Senator and Vice President of Thermopolis State Bank iar ena paar TA Oa UL RETILNEI ER TEEEE a year, set aside a substantial reserve for enlargements and T. BLAKE KENNEDY, Cheyenne..;.......--- : A ee eee Director capil 1 Oneehne nee Be me € m opor ionate acquire further . property, .and still pay handsome dividends Chairman Wyoming Republican State Central Co ee ‘ 290% in 1917 on a $1 00 in ee yt nee Sa earned on every share of its stock to be outstanding when present fund- R. B. FORSYTH, Cheyenne.......-2....-- seseeeeee se Director SS RR ETTOTOG: TRA GEIR OTE SLODOUDTIZS the same ing operations are completed. ‘ Wyoming State Insurance Commissioner : E ee t a year on a $100,000 investment. SPECIAL ESCROW STOCK PROPOSITION—GOOD ONLY UNTIL MONDAY NIGHT, APRIL 21ST. By agreeing to protect the sale of the Company’s treasury stock through an agreemeni not to transfer your cer- tificate for possibly one year you can obtain ALLIANCE OIL and REFINERY Stock for a few days at the Special price of $4.00.a share. This special offer will be withdrawn Monday night, April 21, and no orders postmarked after that date will be accepted at the $4.00 price. Proceeds.of all stock sales. will- be. used: to complete payments more pipe lines to other producing structures around Thermopolis, on property already bought, to acquire more production and acreage in preven fields, to construct and to enlarge the refinery as conditions require. er History of the Midwest is only one instance of the truth of this statement. Thermopolis is an i ery location and experts ALLIANCE OIL and REFINING holds the key to the Thermopolis refining situation. Sulstantial earnings for its stockhold- ers are already assured. } SINGER SECURITIES CORPORATION Underwriters 15 Park Row, New York City Address all Western Communications, to-our Western Office _KLINK BUILDING, THERMOPOLIS, WYOMING The biggest profits of the Oil Industry are made in refining. The agree that it is Gday one.of the greatest Refinery opportunities in the United States. . Send today for circular giving complete details.