The Providence news. (Providence [R.I.]) 1891-1906, 1902-06-16

largo profits. The corporation owns Its
own storehouse. machine shops. teie-
phone lines, and everything pertaining
to the building and the development OF
a new community. The item of expense
for eouipment IN the brief space OF time
since the organization was effected al
ready foots up TO nearly sl50,ooo, ana
Mr. King points with commendapie
pride to the fact that all his equipment
machinery. drilling rigs. piping. lum-
ber wagons, teams, telephone lines' ETC.
has been paid for In full and the cor
poration is thus free from debt.
NEW RAILROAD TO CRowTHER
Among the early and imperative needs
OF the I{ing-Crowther oil district was
that OF a railroad TO furnish quicker
and more certain communication WITH
the outside world. The directors or the
corporation saw and appreciated the de-
mand at once, and early In May met at
San Antonio to settle the matter IL
was decided with characteristic prompt
ness TO organize a railroad corporation
as auxiliary TO the King-Crowther cor
poration, although entirely separate
from II. and TO apply for charter This
was granted May 9. and there then
came into being the San Antonio Il
Crowther railroad TO run from the
large city to the oil metropolis OF Crow
ther, sixty miles south.
lie preliminary survey for the rail-
road was at once begun under the direc-
ton of A. G. Pancoast on of the
most expert engineers of Texas and at
last reports the great advance guard
of King -Crowther prosperity was near
ing the southern terminus OF the line.
AT Pleasanton, half way down. the citi-
zens gathered In mass meeting ans
pledged a cash bonus of $4,000. besides
giving the railroad company tract Of
twenty acres OF land In the heart OF
the town for station and yard facilities.
Everywhere. from San Antonio. whose
citizens subscribed very largely for the
road, clear through to Crowther, the
people are full OF enthusiasm for the en-
terppise which means so much TO them.
BY early fall the iron horse will begin
his daily course into Crowther. welding
another immensely strong link In the
claim OF King-Crowther success.
A PIPE LINE rs STARTED.
The problem OF taking caro- OF the
high grade oil from the corporations 8
many wells was also one that required
prompt attention. At first a shortage
tank OIL 10000 barrels capacity was
built but that was soon seen TO be en-
tirely inadequate II the wells were 10
be allowed to flow normally. SO on
the cay that the San Antonio g. Crow
ther railroad was Incorporated the
King -Crovther Pipe lane company also
received its charter This. too. was n
separate corporation. but controlled by
the officials and directors OF the parent
company. a great advantage TO the lat
ter In every way
Preliminary work on the pipe line has
already begun. and in a few months
at the latest the rich product OF the
King-Crowther wells will be finding Its
way TO me seacoast and thence 10 the
markets OF the world. Its high quail
ity will make IL n staple commodity. as
easily turned into money as wheat.
while It's enormous quantity will provide
a source OF revenue that can now be
scarcely appreciated.
IL can be stated that tho possibilities
OF the King -Crowther corporation are
greater than the ordinary mind can con-
ceive. To say that the stock selling to-
day at & per share will be worth s25
or so per share within few brief years
r. not an exaggeration. but altoge ther
within the range OF possibilities. The
corporation has no descriptive literaturs
OF any kind-no printed prospectus or
other matter 20 bewilder or beguile any
one land those desiring investments are
simply requested TO make remittance
In tho regular way: covering whatever
amount OF stock may be desired.