Cañon City record., 1900-10-11
PROSPECTUS
The Routt County Improvement
Company
rLoaEneE. COLORADO.
The New on FIeld..

- ueo Ovou AuoWu lOi iO1k tiAnc
that . large Oil field exists in the
northwestern part Of the State Of
Colorado; in Routt county. but until
recently no effort has been made to
dsvslope this field. and it has lain idle
and unappropriated.
Realizing the great value of an oil
Geld, several citizens of Florence,
Colorado, who were and are interested
in the Oil business at that place. Or
ganized The RoUrr COUNTY IMPROVE
MESr COMPANY, and Immediately
began securing land in Routt county.
The OH Industry and Profits.
This business of drilling and operat
ing Oil wslls has been profitable ever
since Op was discovered. but during
the past three or four years the price
Of both the Crude and Refined pro-
duct has increased steadily. until
today, q good Oil well is considered -
good q . gold mine.
There are three Oil wells in the
Florence Oil fields, each Of which Is
said 70 have produced over Million
Dollars worth Of Oil, and each is still
producing.
California has q well producing
1900 barrels per day, and the Oil is
worth 81 .25 per barrel.
OF course, these are big wells.
The average runs about 100 barrels
per day. However. the above facts
show the possibilities Of the Oil bust
ness. The cost Of operating an Oil
veil is merely nominal after it Is
started to producing.
Six or seven producing wells would
pay dividends Of 20 per cent. on
81. 600. 600; or. il the investor has
obtained his stock at so cents PER
share. in . Company capitalized ct
One Million, his dividends would net
him 40 per cent. on the money he has
Invested, and his stock would reason
ably be worth Two Dollars per share.
Properly Of This company.
The Company has under lease. ct
6 per cent. royalty, 1880 acres Of
Land in the Elk River Valley, six
miles west of Steamboat Springs;
1000 acres located and filed on ss Oil
Placer land. and 1000 acres Of coal
ispd.
This Company was the first in the
Geld, consequently had the choice Of
all the lands, and it has secured lands
Of immense value. Tbs Oil field is
about twelve by twenty miles in area,
- IL Indicated by the ''oil sand crop
pings, and the immense Oil Springs.
The Coal crops out at various plsces
showing great breasts Of Coal in
three 20 six veins. and each vein from
four 70 twelve feet thick; the quality
Is equal 70 the best Bituminous Coal
in the United States.
State Mine Commissioner Lees
annual report, soon to be issued, will
say that be found in that locality IN
Routt county, Colorado. the largest
Oil and Coal field outside Of those in
Pennsylvania.
Development.
The Company has new and com
plets outfit Of drilling machinery. A
crew Of i've men are at work drilling
the first we'll. Il i expected that
Oil will be struck inside Of thirty
days. The well has reached depth
of more than 500 feet, and indica-
tions Of the presence Of . flow are
increasing.
The Company.
incorporation papers were MED IN
April, 1900, the incorporators and
directors being c. r. BERNARD,
ARTHUR WILLETT, N. P. HILL, 2ND,
and 3. G. KiNDRED. al Of Norence,
Colorado and I. F. DAWSON, Of Cahon
Clt. Colorado.
1hs hsadquartsrs Of the Company
ars st Florence, Colorado. The oapi-
tsl stock i One Million Shares Of the
par valss Of One Dollar each, full
paid, and non-assessable.
Manager N. P. HlLl- 2ND. b :