Casper Daily Tribune Newspaper, March 11, 1922, Page 8

PAGE EIGHT NEWINTEREST NEVER LACKING IN. TEAAG OIL, SENSATIONS COMMON, Security Producers and Drilling Company Proves It In Excitement Aroused Over Opexation in Purdon District of Big Oil State MARCH 11, 1922. be Caspet Daily Critune INO FIXED CAPITALIZATION BEAT FOR INVESTORS, REILLY DECLARES Oil Wizard of Trapshooter Fame Prefers to Let It Be Determined by Stock Outstanding at Time of Stake; “Luck” Is Discounted FORT: WORTH, Texas, March 11.—“I do not want any fixed capitalization for any of my companies,” declared Trap- shooter Reilly at the organization of his Trapshooter Develop- ment company. “I think the company with no fixed capital- ization is the fairest proposition for the stockholder. The two big important things for you to look out for when you SATURDAY, A CINCH? No. There is no such thing in the oil industry. From my personal knowledge and observation, and I have been intensely interested for a number of years, there are very few, if any, real cinches.. Of course, the average advertisement is so worded and FORT WORTH, Texas, March 11.—Oil fields are being discovered in Texas with such trip hammer regularity that it would seem the inhabitants of this state would soon get used to seeing a forest of derricks spring up in their back yards! almost over night, but such is not the case; each new field and locality seems to have something different than the other ! and attention of th: ANOTHER GREAT: GASOER BROUGHT IN GY NEW YORK Well No. 7 Poison Spider Comes In With 000,000- Foot Production on Drill- New York Oil com well in the Poison completion pany of its 2 Spider well, which was carried down | from the first producing horizon. ‘The ‘well was carried to 1,435 feet. flow of the in the first sane. from which it had been producing for some time, was bout 5,000,000 feet. This the second 35,000,000-foot g3 well to be compioted in the field by the New York company the first hving been drilled into the same sand last month. The deeper sand is Cas. per’s guarantee of great gas produc- tion for years to come and with other Dig gas fields in the same anticline an apparently inexhaustible supply ts in sight. CIVIL WAR VET TO BE well BURIED HERE SUNDRY |: WITH! AATLITARY HONORS) Wrneral services for Frank B. Gillis pie, civil war hero who died in Casper ‘Thursday will be held at 3 o'clock Sunday afternoon. Rev. J. M. Crom- ‘er, former pastor of Gantz Memorial Methodist church will officiate at the service. The body of the aged man ‘will be interred in Highland cemetery near that of his wife who died sev. eral years ago. Many organizations, patriotic ant <tvic wif participate in the funeral showing the respect of Casper to mem- ery of one of the heroes who engaged in the struggle which threatened the integrity of the nation. The Casper chamber of commerce will be repre- #ented at the funeral and 10 automo: biles will be provided by ynembers who will attend the service at the Metho- dist church and at the cemetery. ‘The remains of the deceased man will lie in state at the Bowman mortu ary where they may be viewed by friends until 2 o'clock Sunday a noon | a ‘PLATONIC’ ELOPERS CAUGHT AT CHEYENNE 70., March r Inez Mary Tur. ars old and both resi land, Neb., are held the request of his and the fromy her uple, sweet- hearts, came to this city on what might be called a “platonic elope ment,” both asserting that they did not intend to be married now, but to seek work at which they until they teorge H. Troa- request that | ase as 000,- 000 nerve ce lich. Phone ™. 3-11-31 FOR RED modern hed to attract inter: The inhabitants and land ow- ners located In th ¢ the the now fault, since the great } discovered cast slope « pany will come along and ah ofl well and make territory. the present Producing they are drilling a w structure, This struc. jest of the Cir- ch apart that it y new and separate of the off world upon their ope: neir well is being dril and ou kable rapidity a wild scramble for properties in and around their well is now taking p ho fact th like the Mex: belief that just as big £ four 4 he as at Mexia. Nine shallow gas wells were “drilled in this immedi- ate vicinity, which is taken by experi- enced oil men and geologists as an indics n Of a large of] pool underly. Thiz same condi. Mexia when Colonel undertook to drill a ing the structure. at tion existed Humphreys deep t Gas has always been the greatest factor in the locating of ofl pools. It was the strong gas indications that attracted Colonel Humphreys to Mexia and so it has been in nearly every oil field that has been developed in Texas, and with the abundance of gas show- ing in the immediate vicinity of where the Security company is now drilling one can reasonably feel a certainty of 3, ports coming from the head office Security Producing and Drilling at Fort Worth state that the so far is highly satis- the formations are practicalty the same as foynd in the Mexia proven field. They have passed through several shallow gas sands and bave struck a sand\showing ofl. Drill- ing has been stopped, casing is being tushed to the well and this sand will a th facilities are being arranged for and everything is being made ready in case a big well is developed. The interest which the Security Pro ducing and Drilling company has cre- ated has caused eight or nine other companyies and contractors to rush Grilling equipment to the scene in a mad h to get their wells down to the The Security Producing and Drilling company was the first company to be- gin active drilling operations and be- ing the first in the field they had the opportunity of selecting their leases covering the most pronour area of the structure. eee The area of Egypt proper is about 400,000 square miles, but onty 12,976 square miles are fertile and tnhab- ed by a settled population. Jim Jeffries, former heavyweight champion fighter of the world, has turned evangelist. Here he is ox his farm at Burbank, holding one of his calyes—a fatted calf, a Stware. Special Easter TripPalati S their passengers and the discomforts, Inconveniences Tickets Good on Eith S. S. “Fort V; Twin-Screw, Disp Incl No ng Golf, Tenni: sporte—Man , Bat OR ANY TOI ®| statu be given a thorough test. Tanknge| aos BERMUDA leave N. ¥ i Fastest Steamers on Bermuda Route The palitial oil burning steamers of the Furness Burmuda Line land i baggage directly to Hamilton Dock, » Sailing Twice Weekly From N. Y. Every Wed. & Sat—From Bermuda Every Tues. & Sat, Steamer—Offering Unequalled Express Service 14,000 Tons Displacement. Bermuda Offers All Outdoor Sports rn Hotels. Write for FURNESS BERMUDA LINE 31 Whitehall St. Duke Torlonia, shown here, en- gaged in a duel with Count Lova- telli, noted sculptor, in Italy. They met with swords “on the field or honor” following a quarrel over a for which the Duchess Tor- » above, posed, MUTUAL DN } lor MOVIE INDUSTRY ~ 19 PROJECTED Will Hays Is Director in Cor- poration Formed to Ad- vance Interests of All | Companies. . ALBANY, N. ¥., March 11.—wi H. Hays, former postmaster general, is named a director with 17 others, many of them widely known motion picture ‘producers in a new motion picture cor- poration chartered today by the secre | tary of state. ‘The new corporation in- | tends “to foster the common interests | of those engaged in the motion picture | industry." No capital was mentioned in the papers. The articles of incorporation set forth that the corporation also is in- tended to improve the motion picture industry “by reforming abuses relat ing to the industry,” and “by securing freedom from unjust or unlawful exac- tions.” Among the directors named in the corporation which is styled “The Mo- tion Picture Producers and Distribu- tors of America, Inc.,” are many of the big producers of the industry. —— UNSETTLED WEATHER FOREGAST DURING WEEK WASHINGTON, March #1.—Weath- er predictions for the week begin- ning Monday are: Upper Mississippi and lower Mis- souri Valleys—Unsettled, with prob- ably rain over southern and rains and snows over northern part first half of the week; generally fair there- after; normal temperature. Rocky Mountain and Platesu Te gions—Unsettled with probably snows and rains at beginning of the week and generally fair thereafter. Nor- mal temperature. Pacific States—Considerable Clondi-| occasional rains; normal tem- perature. ness, eee MISHLER FUNERAL 10 BE HELD ON MONDAY Noble Jay Mii accident on t er, kifled in a truck It Creek road Wed. nesday will be buried at Highland cem etery at 2:39 Monday afternoon. Serv ices will be held at the Bowman Mort- uary, Rev. Lewis E. Carter, pastor of the Methodist church officiating. Extra Fancy Large Grape Fruit PUBLIC'S ATTITUDE GN NINE MONTHS? HIGHWAY HAS UNDERGONE CHANGE A few years ago, & highway official of a nearby state, while campaign- ing for a county bond issue was fre quently met with the troublesome bromide “Our roads are good enough for nine months of the year, Can you stand a little discomfort for the er three?” mt "pecame quite a difficult question to answer as the campaign progress- ed, and was rapifly “getting on his nerves,” when one day he came upon a heartbreaking drama that answer o question. sea track driver, under conditions for which he was in no way responsible, undertook to cross a railroad track, and was struck by an unobserved train and so badly injured that he died in a few hours. As soon as the accident happened the highway official endeavored to se- cure a physician. He found that the local doctor was stuck in the mud three miles away. He then telegraph- ed to the nearest town only to be told by the physician there that the roads were so bad he would have to @rive, requiring three hours to reach the injured man. A conveyance was then sent for the local doctor stuck in the mud three miles away, but be- fore he reached the scene the unfor- tunate man had bled to death. In the meantime, returning to the scene of the accident, the highway official found the 10-year-old son of the truck driver leaning over his father, com- forting him as best he could and be- tween the gasps of his childish pray- ers was pleading with him to “Live, ive, live.” | Tt was there that the answer came: What difference id it make to that father that “our roads are good nine months of the year’ when he was ying in one of the other three? What difference did it make to that little broken-hearted son that “our roads are good nine months of the year”| when his heart was bleeding in one! of the other three? We do not claim for a moment that had the doctor reached the scene on time the life would have been saved, that is not for us to decide, but we do claim that there fs not an avaricious nook in a single pocket in that state that would not gladly disgorge a year’s taxes to savé a fleeting life or to administer comfort to the bleeding heart of a stricken child.—Highways News Di-| gest. | Soa eS OE Thomas Estill, the new territorial) commander of the eastern states, has served sucoesstvely as territorial] chieftain in South Africa. New Zealand, Holland, Japan and the west- ern states. qa es Treland is said to have fewer sui cides than other cow “QUEEN OF SHEBA” The Love Romance of the Most Beautiful Woman the World Has Ever 10c Each at the GRAND GROCERY Friday and Saturday Only ‘FORT ST. GEORG’ April 8—Arrive N. » April 15 and delay of landing by tender. S. “Fort Hamilton” Twin-Screw, 11,000 Tons cement hing, Fishin; Riding, Driving, Etc. tive inclusive rates NEW YORK JRIST AGENT |son with obtaining property under |paid on recelpt of price. |The ‘I invest in an off company, or any other company for that matter, are—that the men back of the company know their business; and that the frnds en- trusted to them will be used o smestly and wisely. “Now suppose-you organize a com- pany with a million dollars capital. ‘Then you sell enough stock to get de- velopment work well under way. Then suppose you bring in a big producing well when you have 100,000 shares sold? What usuajly happens? The of- ficers, trustees And “inside friends” of the company jump in and buy up the unissued stock—after they know it has beer inads valuable by produc- tion, "The more stock outsanding, the smaller will be the dividends. Under my plan of no capits ization, the out- standing stock will at all times repre sent the capital of the company. If I bring in a big well with only $100,-, 000 worth of stock outstanding, my shares will of course advance immedi- ately—but there will be no unissued stock to be ‘gobbed’ up, The stock gees up three or four for one and who gets the benefit? The present stockholders of course.” Reilly’s spectacular successes are often regarded as just plain luck but as a mntter of fact, they are due to hard work and good judgment. He never picks a structure for drilling without the strict advice of his staff geolbgiste--ana lus has some of the best men of the profession with him. His big 3,000-acre lease at Mabank (Kaufman county) wits carefully sur- veyed and examined before any leases were taken. Reilly will not admit that he ts un- lucky—nelther will be admit that his phenomenal success {s due to luck. “I'm some geologist myself,” he de- clares. ash aeons SWINDLER SURRENDERS. LINCOLN, Nebd., March 11.—David W. Simpson, whose address is reported as Oregon, Missouri, today surrender- ed to Lancaster county officials on a grand jury indictment charging Simp- false pretenses. Sale of stock in a questionable en- terprise is contamned in the indictment. Mountain States Oil Digest A Valuable Booklet for the Oil Man Containing complete and authentic information on over 500 oil, gas, refin- ing and pipeline companies operating in Rocky Mountain Region. Just pub- lished. “A Gusher of Information” Price $1.00 On sale at News Stands or sent post Commercial Printing Co- Known. dressed up as to make you believe you can not lose—that it is only a matter of raking in the profits, but you no doubt know, as I do, that this is not always the case. In our proposition we don’t propose to stoop to subterfuge, nor is it our desire to hold out to you Javish promises of certain wealth. Ours is not that sort of a deal. If you can afford to either win or lose, we want you with us in what we are pleased to term the cleanest and prettiest little bet in the entire Mexia field, but if you are not so financially fixed that you can take this clean gamble, then stay out. We want you to know definitely, right here and now that our proposition is a SPECULATION But it’s different from the rest; it’s clean through and through: it isn’t over capi- talized; we trustees, Charley Andersonand myself, are determined and our pur- pose {is clearly defined. to give every one of our unit holders of our Syndicate which you purchase represents dollar for dollar valuation; the geological report on our big 400-acre lease, between five and six miles southeast of Mexia, listens extra good and argues well for the completion of a big’ producer. We're not stall- ing along and offering weak excuses for the postponement of drilling from day to day. But to the contrary our operations are in full sway—the very minute that you are reading this ad the big rotary drill is eating its way dowrward to the prolific Woodbine sand. Ours is a quick, clean-cut, man-to-man deal. You place your bet, and if our well comes in a gusher there is no estimation of the profits that each one of you will receive, but if she proves after a thorough test of 8,500 feet, then you lose. The thing to be remembered about the Mexia Exten- sion Syndicate is that our well is now actually DRILLING Charley Anderson, my co-trustee, may be truthfully termed a master driller. He brought in 23 out of 24 wells drilled of the famous Gladiolus lease, and in the northwest Burkburnett field he brought in 24 producers out of 24 wells drilled. He has made hundreds of thousands for others and he is now in an un- dertaking which he hopes will do the same for himself and his unit holders in the Mexia Extension Syndicate. His wealth today is in the form of experience and good judgment. Fortunate are you unit holders in having such a man as Charley Anderson as the guiding and superintending factor in charge of our weil. The oil industry should not be a playground for widows and orphans, but for men who want to win and win big, and who are able to assume the risk, IMPORTANT Here are a few more facts and features concerning our Syndicate which you can not help but approve. Our capitalization is small, only $75,000, which at present prices, practically represents the valuation of our 400 acres and the cost of drilling our well. We get full seven-eighths of all oil produced—there are no hold-outs or inside cuts. Our driller and crew are taking one month’s sal- ary in units—that’s how good they feel about our chances of getting a big well. During the past thirty days more extention producers have been brought in to the south of Mexia than in any other direction and we firmly hope and believe that our Mexia Extension well will be the next big extension to the field. Charley An- derson expects to enter the Austin Chalk some time this week—another 1,000 feet of drilling and the story will be told: Our units are 10 cents par value— $100 buys 1,000 units, $50 buys 500 units. No order accepted for less than 100 units. Permanent, transferable, negotiable certificates (not interim) are being issued. We've described our proposition in detail. Orders are coming in fast from people who appreciate this kind of a deal. If you desire to join us it will be nec- essary that you act quickly. CHp the coupon, attach your check and forward it to us without delay. Sincerely yours, Cairo (Signed) M. W. HOOVER, Trustee. Mexia Extension Syndicate, C.D.T.3-11-22 Dan Waggoner Bldg., Fort Worth, Texas. Gentlemen: Enclosed please find $___._-__-- as full payment for. units in your Syndicate at Ten Cents (10c) par Value. Mexia Extension Syndicate $75,000 Capital Par Value 10c Units Fully Paid and Non-Assessable Dr. M. W. Hoover Charley Anderson Trustees Dan) Wargouer Bldg. <> (Spans, ee ee en Fort Worth, Texas