Casper Daily Tribune Newspaper, April 1, 1922, Page 7

SATURDAY, APRII. 3, 1922. fbe Casper Daily Cribune PAGE SEVEN \In Five Months \4 May I repeat— In five short months I have paid 145 per cent cash dividends in this enterprise. Folks say that this dividend record has never been equalled in the recent history of the Texas oil fields, I am heralded today as the greatest living known cash profit payer in the current history of oildom. I paid 145 per cent cash dividends in less than a half a year without producing one pint of oil. I paid these enormous cash returns to my pio- meer unitholders in the Texas-Mexia Drilling Syndicate from the sale of water to drilling neighbors, and other sources of revenue my in- timate knowledge of the oil business enabled me to divert into this the most sensationaily successful petroleum project of the year. Remember this: I do not come to you today and ask you to join me in this enterprise offer- ing as an inducement some profit-paying accom- plishment of the hoary past. In five short months, right here in Texas, in this very company, I have paid 145 per cent cash dividends. The prospects of my being able to continue paying these fabulous profits are bright, indeed. I am preparing to drill—in two likely areas —upon two veritable empires of acreage—upon two apparently perfectly enclosed oil struc- tures. My drills will soon be pounding their way payward. I paid 145 per cent cash dividends in five months—without drilling a well—without pro- ducing one single barrel of oil—Think, then, what I can do when these two wells are suc- cessfully completed as gushers. | Paid 145” | « vs T plan to drill many wells this year. Before the year 1923 is born I hope to have 50 wells completed or drilling. In a few days now, not later than April 10, I will spud in my first well on 2,000 acres in San Saba County, Texas. This marvelous shallow field is now yielding a valuable oil of high lubricant content from shallow depths. On 2,000 acres in San Saba County, Texas, I will drill my first well, where I have every assurance of encountering commercial produc- tion at very, very little drilling cost. At the same time, I will start a well on my syndicate’s 20,000 acres in Crane County, Texas. I expect to have this well drilling by April 10. When successfully completed my Crane County well will be acknowledged the discov- ery well in what I predict will prove the most fabulously prolific oil pool in the entire United States. Beneath our 20,000 acres in Crane County a veritable lake of oil will be found, is my belief. When these things come to pass I will not only have garnered millions in profits for my unitholders and myself but I will be recognized as the Colonel Humphreys of a new petroleum pool. Before the middle of May I intend to drill my third well, on this syndicate’s 5,000-acre block of leases in Kaufman County, Texas. Here my trail will cross that of Colonel Humphreys. He, too, is drilling in Kaufman County. Of course, J czsnot expect to be the discov- erer of oil in Kaufman County: Colonel Humph- reys is already drilling, but here again I expect to reap hundreds of thousands of dollars for my associates and me. ” Cash Dividends In This Enterprise Then I will trek toward the northern lights. Not later than April 10 one of my “grub- stake” drilling crews will have spudded in our first Oklahoma well, on a recently acquired lease in Coal County, Oklahoma, I will strike . for fortune again. My ambitions know no bounds; state borders nor rivers, mountains nor valleys, no artificial boundaries will circumscribe my empire. Well will follow well, in my plans; long be- fore our present vast holdings of leases are drilled up I will have acquired additional acre- age where my experience and my judgment tells me oil will be found. As wells are completed acreage deals can be made; in fact, the possibilities for profit are nearly as great from the sale of acreage as they are from the actual production of oil. During ali this time I expect to continue pay- ing dividends. My ambitions are so far reach- ing, my plans so extensive and the probability of their realization so vivid in my mind that I venture this prophecy: Ere the minds of men are bathed in-the kindly light of another yuletide—before next Christmas—my dividends will aggregate 200 per cent on initial capital invested—my units now selling at $2.00 will change hands for as much as $100.00 each—my unitholders and my- self will be recognized as the wealthiest group of men and women in the land. I have told-you my plans, I have outlined my ambitions—you know my dividend record-—my prophecy is before you+—now I ask you— Will you join me? Will you be with me when all these things come to pass—will you cast your lot with mine —will you lend your financial support to a prop- osition so pregnant with possibilities of profits as this? If you will join me now— if you will accept my hand of fellowship in this enterprise “Fate Saved Me From the Firing Squad to Do This Great Work’”’ When the American forces en- tered Vera Cruz during the late difficulty with Mexico I was lan- guishing under sentence of death in a prison in the-capital of the southern republic. For over twenty years I had trekked the waste places of four continents in search of the elusive amber treasure—oil. As I laid there in that prison hell, with great gaunt beady-eyed rats as my companions in the death watch I entered into a cove- nant with Providence—and my life was spared. Few living men are axdeeply indebted to fate or as conscious of their obligation to the fickle goddess as I. It seems as if I were destined in the divine plan of things to make one big outstanding contri- bution to the needs of mankind. This thought has quenched my thirst, has been a balm to my aching muscles, has been my solace in the hours of discouragement, has been my unfaltering beacon light; this thought has sustained and guided me for the last five years, during which time I have “mushed” on foot over the entire state of! Texas in search of new oil fields. I say, fate saved me from the firing squad to do a great work. Out of the jaws of death I was snatched for a purpose. From the very brink of an inglorious I Ee ee ene: wish age grave I was rescued almost THAT SOMETHING, I AM DOING TODAY. I am not superstitious, but it seems to me heaven has ordained that I should succeed. There is yet time for you to enroll with me while my units are available at $2.00 What the price of my units will be 30 days from now I cannot tell —maybe $4.00—maybe more. Under my unique “grubstake” plan I feel that the capital realized from the sale of these units will take care of my immediate develop- ment campaign. I believe in my heart that ere this program is carried out | will have profitable shallow production in San Saba County. Sincerely, B.wike Old Time Geologist Chosen by Oil Men Mexia, Texas, Oct. 12, 1921, Mr. B. M. Hatfield, Petroleum Geologist, Mexia, Texas. Dear Sir We, the undersigned drillers and oil work- ers who are anxious to form a drilling organ- ization of old and experienced oil men, here- by carncstly request you to become head of our organization in its entirety, knowing that you are thoroughly competent and capable of directing its affairs duri perations in the great Mexia and other Texas oii fields. Trusting that you will accept and that we will get some of the well known Hatfield action, we remain. Yours sincerely, Fields, oil driller; Brown, oil driller; iz, oll well machinist; 3. Gaston, tool dresser; Duffy, oil’ driller; 1. Fry, oil driller; usha, oil driller; nt, tool dresser; nes, oll driller: Williams, ofl drifier. Co-operative Profit-Sharing Development Plan The Texas-Mexia Drilling Syndicate has been organized under a Declaration of Trust on file with, and recorded by the County Clerk at Groesbeck, Texas, and with myself as sole Trustee; and also re- corded in Tarrant County, Texas. Our Syndicate is divided into’ 500,000 equal beneficial interests or units with a par value of $1.00 each, fally paid and non-assessable. Our books are open to any and all of the interest holders at any time. A quar- terly statement showing the exact finan- cial condition of the Syndicate will be mailed to each interest holder. From any income which the Syndicate may have, 10% will be held as a reserve, and the remaining 909% less actual oper- ating expense will be paid in dividends, these dividends to be declared as often as profits are earned. These dividends will be distributed on the following plan: The drilling crew that completes the first producer for the Syndicate, thus creating actual values and making possible profits, will receive dividends on basis of $2,500 worth of units each, and I will receive divi- dends on $10,000 of the units. The units on which the working mem- bers of our organization and I will re- ceive dividends will not be our private property, but will be held in escrow by the bank and we will receive only the profits earned by these units, as more wells are completed and more working members of the Syndicate begin to share in the profits, the number of the escrowed units on which each will draw dividends will be decreased. The total amount of these escrowed units on which the working members of the or- ganization and I will draw dividends will never be in excess of one-fifth of our total capitalization. This plan—tbe only one of its kind ever worked out—assures that the investors whe furnish the capital and the workers who actually create the value and make possible the profits, will both share in the profits of the Syndicate, and it also assures the quick and continued success of this enterprise, and especially does it in- sure the maximum of effort and efficiency in operation at the minimum of expense. The Unique Grubstake Unit Plan Explained In lieu of stated salaries or wages all of the employes and officials of the Texas- Mexia Drilling Syndicate are working on a co-operative _ profit-sharing “Grubstake” plan that works out as follows: 100,000 units of the Syndicate have been placed in escrow to be apportioned from time to time to all employes, from heads of departments to the humble field work- ers. The number of units allotted to each to be determined by Col. B. M. Hatfield, sole Trustee, according to the value of services rendered. : ‘These units are escrowed, not given or sold to any employe, and the interest of each individual in his or her escrowed units is continued to the dividends therefrom, for such time as he or she remains a loyal em- Joye of the Syndicate. ; Pte the event of a worker's death during employment, one-half of the dividends au- tomatically cease and the other half re- verts to the employe’s estate in perpetuity. In the event of either total or partial disability of any employe while on duty he or she receives the full benefit of the apportioned units. CLASSIFICATION OF GRUBSTAKE FORCE Grubstake employes are divided into three classes: Class A—-Heads of departments and of- fice employes, including attorneys, chem- ists and engineers, to the number of 28. Class B—Drillers and drilling crews, to the number of 56. Class C—Refiners and distributors to the number of 16. Making a total grubstake force of 100. MAXIMUM ALLOTMENTS OF GRUB- STAKE UNITS Class A—1-10th of 100,000 units, or 10,000 units. Class B—1-25th of 100,000 units, or 2,500 units. Class C—Based on efficiency. PAYMENTS IN CASH The payments in cash to the Grubstake Force are determined by the Trustee, as follows: Class A—Living expenses. Class B—$12.50 per month and board on a job. Class C-—None, Cash payments to everybody cease when income from any other source reaches the amount of cash payments, By then, I am convinced, my well and lease in Crane Count: have a market value of $1,000,000.00 at least. Pane oe Before these days of which I speak are past I think that Kaufman Coun- ty will yield her treasures up to me. With these thoughts before you I ask you, brother to brother, man to man, will you jom me? Sincerely, — Biche 500,000 UNITS PAR VALUE $1.00 EACH Sold in Blocks of Not Less Than Ten. Limited Offering of Units at $2.00 Each. 2 ge! COLONEL B. M. HATFIELD, Sole Trustee TEXAS-MEXIA DRILLING SYNDICATE SUITE 1211, F. & M. BANK BLDG. FORT WORTH, TEXAS Reference—Any Old-Time Driller or Oil Operator in Any Part of the World. I cannot guarantee you thou- sands of dollars for every dollar invested, but I can do this— I pledge all of my man- hood to the success of this venture. Soeeecccccccccccccseceeseesesces oes Pees ness eeeenseseeeseeseee sooo eee eCe see Doe Ce tees seeeS 3 COL. B. M. HATFIELD, CDT—4-1-22 3 TEXAS. MEXIA DRILLING SYNDICATE. . 1211 F. & M. Bank Building, Fort Worth, Texas. FORT WORTH, TEXAS..._............-_, 1922 $ DEAR SIR: +4 Express : Enclosed please find te For $ ae sin full payment for... =e H =O} s Units at $2.00 per Unit (not less than 10 or more than 1,000) of TEXAS-MEXIA DRILLING SYN- H DICATE of which Col. B. M. Hatfield is Sole Trustee. : Make certificate in the name of and mail dividend checks to DIVIDEND RECORDD TO DATE Nov. 192 7 Dec. 192 Nae i 5 0 a ne note Jan. 1922. (Write First Name in Full) Feb. 1922. Mar. 1922.... Street —____ peereaseconeesr aia’ pale cal Total (5 months). ..145% Town... State