The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-05-09

May Is.
oil company that has ever offered its
shares IN the St. Louis market Is the
Detrolt-Beaumont Oil Company Of Beau
mont. Texas. While this company has
never before advertised its shares for
sale, still il VIII Immediately appeal to
careful investors on account of the strong
points of its organization and the fact
that the directors have declared a 5 per
cent dividend. payable to all shareholders
OF record May 18th. This is not the
first dividend paid by this company, for IL
has already declared a - per cent diyi-
dend, which. with the ) per cent payable
May 10, amounts to one-fourth its entire
capitalization Ct 10000. Thus the remark
able amount of Is per cent in dividends
has already been returned to the share
holders Of this company.
There are the best OF reasons for the
success of this company and. like all sue
cessful business organizations. its affairs
have been, and now are, guided by the
most reputable business men. some of
whom are most favorably known in the
commercial world of St. Louis.
st. LOuisans Are Directors.
Prominent on the Board of Directors is
MIR. Marcus Bernheimer. who has been
for over a quarter of a century one of the
most substantial and enterprising citizens
of st. Louis. Mr.. BernheiIler has con-
nected himself with the Detroit-Beaumont
Company, knowing that Ii is a reputable
business organization with large assets :
and a bright future before il. TIT nan
st. Louis friends of Mr.. Bernheimer, who
are of the same conservative type which
he represents. can feel safe in investing
in the shares of the Detroit-Beaumont Oil
Company. knowing that its organization
must be clean or Mr.. Bernheimer would
not be on its directorate.
Another very prominent citizen OF ST.
Louis, who is on the Board of Directors
is Mr.. n. c. Chapman, president of the
Tennessee and Central Railroad, and one
of the foremost business men or ST. Louis.
The presence of Mr.. Chapman on N:
Board of Directors lends dignity AMI
strength to the organization Of tine "Eea
tr~cit-Beaumont Oil Company and m
spires the confidence of the public IN
this enterprise.
With these conservative gentlemen at
the helm of its affairs the Detroit-Beau-
mont OIL Company has been organized
and brought up to its successful leader
ship of all companies in the Beaumont
field on business lines. which will bear
the closest scrutiny
Conservative Capital-Immense As
sets.
The company has a conservative capital
of $4,000. divided into 100000 shares. OF
the par value of s1.0 Twenty thousand
dollars worth of stock has been set aside
in the treasury for development purposes.
and it is a fact that an amount equal TO
almost the entire capital stock of the
company has been expended In develop
ing the property to its present state as a
producer and dividend payer. Fifty tank
cars are owned outright, which have a
cars are leased by the company Thus 81
tank cars are in operation. delivering its
oil to various markets near Beaumont:
This gives the Oi
Company more tank cars than any other
company at Beaumont with the exception
of one.
Has Large OIL Contracts.
The company has contracts for about a
-. -- Ill o~I ~ VI
actual delivery on these contracts a five
per cent dividend has been earned and
will be paid to all shareholders of record
on May 18th. The contracts already Sc
cured will guarantee the continuance Of
these dividends. for 1t will require the de-
livery of $500 tank carloads of oil in the
next six months to complete these con.
tracts. which will secure a revenue or
$4,000, or sixty per cent OF the capltaI
stock of the company. DeductnS the cost
of delivery. which will be very smaii on
account of the company owning It's own
tank cars. the net profits will be fully
500 900 in the next six months, which will
be applied to the payment OF diVidenos-to
the shareholders.
Valuable Land Holdings.
The Detroit-Beaumont Oil Company.
owns on Spindle Top Hill one of the finest
gushers ever drilled at Beaumont, ana
has ground enough to drill three add
This land is held in fee simple. and the
company also owns in fee simple ten
acres around Spindle Top Hill, evenly
distributed. with room for one hundred
additional wells. All property Of the
company is held on warranty deed. and
there are no royalties paid for any pur-
poses. ~
The company owns a six-inch pipe limo
from its well on Spindle Top to Its Load
ing racks on the southern Paclnc Kan
the railroads that are in Beaumont also
two 1,2I-barrel tanks and one 25o-oarrel
settling tank in addition TO nifty tan
cars OF 1.00l-gallon capacity.
The management OF the company vs.
extremely economical. the only paid Of
ficers being the manager and assistant
who receive moderate salaries. The gen.
eral manager of the company is Mr.. Ran
dali Silverman, and both he and his assist
ant. MIR. L. Z. Golson, who acts as gener-
al sales agent. are practical business men
who understand the management OF an
oil company thoroughly. All of their time
and attention is devoted to the companys
interests. and to their practical and eco
nomical conduct Of its affairs Is due TO a
large extent the success of the company.
Officers and Directors.
The company's officers are:
President. E. G. Schwartz Of Schwartz,
La. who is a capitalist and Director and
General Manager Holliday-klotz Lumber
Company. Greenville, Mo.
Treasurer. r. Il. Blanks, President Mer-
chants and Farmers Sank, Monroe.
Vice President. John P. Parker. capital
list. Vice President Merchants and Farm
ers' Bank; President Planters Oil Mill,
Monroe. La.
Tine Board of Directors comprise the fol-
lowing leading business men and bankers:
Marcus Bernheimer, President. Bern
heimer Milling Company. St Louis.
N. c. Chapman, capitalist and Presldent
of the Tennessee and Central Railroad OF
st. Louis.
z. G. Schwartz.
Julius Kessler. capitalist. Chicago.
John p. Parker. Monroe. La
R. p. Webb. merchant. Monroe. Ia
Randall Silverman. banker, Hamburg.
Ark.
Frank P. Wilcox. representing D. NJ.
Ferry Seed Company. Detroit. Mich.
The combined rating Of the officers and
directors of this company in Dunns anu
Bradstreet's report Is over five million dol
lars.
The time to buy stock in this Representa-
tive business organiZauon is limited. Only
$3.50 shares will be offered in st. Louis at
s.. O5 a share. II is intended to heavily adj
vance the price shortly after the payment
on MAY Is of the 5 per cent dividend, which
will be paid to all shareholders of record
on that date. The sale of this allotment
stock in st. Louis has been placed in the
hands Of the Reavis Securities Company,
suite 400. Security bldg. St Louis, Mo-
Time to Secure Stock Is Limited.
Upon request by letter or call at their
offices full information will be supplied
the organization and details OF
the company. investors are advised TO
write or call at once, as the
stock at N.O5 a share is being.
rapidly subscribed for and the right is
specifically reserved to return or apportion
amount OF stock offered to the public has
been subscribed. Bear in mind only 9 DAYS