Rocky Ford enterprise., 1902-02-21
THE BRADFORD OIL co.
An Oil Deal That Has . Local
Interest.

Rocky Ford has an interest in
the oil movement both present
and prospective. local aud foreign.
While active work is afoot 10
test tho probabilities Of the local
aeld a. oil producing. there are
also a number OF our business men
with . vital interest in . field al.
ready developed. in the Boulder
district. They are now pretty
generally known as .The Brad.
ford" oil fellows. having organized
and put on the oil exchange the
Bradford Oil Co.'S stock. The or.
ganizsrs arc all well known local
business men OF whom we have
made mention while the work OF
organization wns going on. They
arc I. d. Hale, Henry i. Hagen,
L. j. Edmunds. j. L. Fox, @. II.
McVay, H. ID. Garwood, U. ID.
Rouse. Price 4 Lance, q. p.
Randall. +. ID. Pastorius, w. ID.
Purse. Harry Morse, II. p. Schuy-
Ter, Fenlason d Gretchen, q. w.
Swink, " II. Dye. X. b. Chris
tian. IL. G. Maltby, John II. Award,
L. +. Godding. q. NJ. Hall aud j.
G. Kain. The officers OF the COM
pany are +. j. Gretchen, president;
J. l.. Fox, secretary; Henry Ha
gen, treasurer; and q. ii. McVay,
superintendent. The directors
are +. j. Gretchen, l. ID. Hale.
Henry +. Hagen, L. +. Goddine,
jr.
Such u locally well known body
of incorporators, officers aud di-
rectors insurcs good safe manage
ment aud careful handling Of the
funds. Mr.. Gretchen was in the
field early, before the Mckenzie
and Arnold wells had struck oil,
and he secured eighty ncrcs Of
land on the ground floor. All Of
the stock held by the incorporators
is pooled and cannot be sold until
oil is found in paying quantities,
giving the investors who 60 in
now a chance to sell at profit il
they desire before the well IL bored
down far enough to reach the oil.
The stock should sell for fifteen
to twenty cents per share by the
time the we'll is down two thous-
and feet, There is already enough
money in the treasury to buy all
derrick material, boiler and en-
gine, and to drill the well one
Thousand feet. Only about one
hundred thousand more Of the
stock is to be sold and then all Of
the stock owned by the company
will be taken from the market. In
case the remainder of the treasury
stock is not sold. after getting n
paying well, the parties buyipg
stock now will share alike in the
unsold portion. The Bradford's
location is three. .fourths of mile
north of the Arnold and Mckenzie
wells. On this land, owned by the
Bradford, is water well two hun
dred feet deep. which is strongly
iinpregnated with oil and which
has flow of gas that burns sever
al hours at n time. The Brad-
ford owns in fee simple twenty
acres of land, for which they paid
in cash 5000, and has an option
lease on sixty acres more, making
n total of eighty acres. The differ
ence between the Bradford and
most of the other companies hav-
ing stocks on the market, some Of
which is owned by our Rocky Ford
people, is that the Bradford owns
its own ground on which the wells
will be drilled. 1t has no royalties
to pay. Most of the other COM
panies are simply on leased land
of the Boulder Oil company and
the Consolidated company, which
owns the Arnold and Mckenzie
wells, and have immense holdings
in lands. These companies hold
the greater portion of stock in the
various companies as n bonus.
Besides they have to pay The Con-
solidated and Boulder companies
II royalty. All of these features
are eliminated from the Bradford.
Bradford stock should, by reason
of these features, be much higher
than the other companies, except
the Boulder and Consolidated, in
side of four months. G. H. Nc
Way, whom we all know, will drill
the we'll and assume its manage
ment, and this insures a good we'll.
Bradford stock can be purchased
at the office of Fenlason & Cretch-
er, or from any of the incorpora-
tors until the remaining one hun.
dred thousand shares have been
sold. Call at Fenlason & Cretch-