The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1901-12-07
\ NEW ORGANIZATION.
PATTERSON. La, Dec. 3rd, 1901.

PATTEEs0N, La, Dec. 3rd, 1901.
A meeting of q number of prominent
manufacturers Of this and adjoining par
iShcs, present and prospective fuel oil
consumers, was called to order in the Of
flee Of Wilbur II. Kramer this afternoon
by Capt. John n Pharr.
Mr.. +. +. Williams explained that the
object Of the meeting was to organize II
mutual stock company to be composed
primarily of consumers Of fuel oil, for
The purpose Of purchasing an oil well
and bringing the oil to the stockholders
Of the company, who were consumers.
After discussion, it was deemed best to
20 at present only into temporary or
ganization, leaving the features of more
permanent organization to a subsequent
meeting.
Mr. l.. S. Clarke was nominated and
elected as Chairman and Mr.. Wilbur H.
Kramer was nominated and elected as
Secretary.
Those in attendance at the meeting
were Capt John Pharr in person and
representing A. Patout & Sons, Pharr &
Bussey, Oxnard and Spraguc. and John
Baldwin and Son: +. b. Williams in per-
son and representing John Todd and
Robert Martin; Frank Barker of 523 De-
catur streets. New Orleans; H. c. Rose
Oscar Zenor, Wibray J. Thompson.
Lewis s. Clarke, and w. w. Sutcliffe in
person and representing Joseph Brig.
The names of many other prominent
manufacturers were mentioned. who had
signified their desire to become stock
holders III the company upon permanent
organization.
Mr.. Sutcliife explained to the gentle.
men presen: that he with others had SO
cured an option upon a well on Spindle
Top, that was in actual operation. right
Of way to railroad and a loading station
and would turn over his rights to the
new company to be organized. Mr.. SUIT
cliffe was requested to ascertain the &C.
tual cost OF the present outlay of himself
and his associates and to submit to the
company at future meeting or to q
committee of the same written prupo-
sition of what they would sell for in
cash.
It was moved by Mr. F. b. Williams
and seconded by Capt. Pbarr that a
committee Of three be appointed with
full power to purchase an oil well. that
Of Mr. Sutcliffe or another; and that if
tic well Of Mcssrs. Sutcliffe & Co. be
purchased that he and they be permitted
70 take stock i'll the new company, if
they 50 desire, in payment Of the same.
Mr.. Clarke requested that the issue be
not confused by the admission of purely
investment stockholders until more per-
manent organization had been effected
as the prime motive of organization at
present was 10 organize company of
consumers.
The motion of Messrs. Williams and
pharr was withdrawn at the request of
Mr.. Clarke.
1t was moved by Mr.. F. b. Williams
and seconded by Mr.. W. J. Thompson
that committee IF three be appointed
with full power to purchase an oil we'll
Tor the account of the company to be
organized
This motion was carried.
On motion, duly seconded and carried
Messrs. Clarke. Williams and Bell were
appointed as members of this committee,
majority of whom could appoint any
other member to fill the vacancy, if any
occurred.
On motion duly seconded and carried
Capt. }. \. Pharr was appointed CONF
m!ttee Of one to solicit subscriptions to
me capital stock Of the company, con-
iinhg such subscriptions for the present
to Southern Louisiana west of the Mis-.
sissippi river, and that each consumer be
requested to take stock on the basis of
10 cents for each barrel CT coal consumed
by him annually.
The meeting adjourned subject to the
call Of the Chairman.