Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1903-08-15


the fact that the land held by this
i company Is underlaid with Eight
| Of The Greatest Known OIL Pro-
ducing Stratas In The World,
namely:-First and Cow Run sands
Salt sand, Keener, Big Iniun,
Berea, Gordon and Fifth sand, ard
thus the opportunities of the pro-
ducer are greatly enhanced In this
field, as we'll Is likely to be en-
countered In any one of the above
mentioned sands.
TIE capital stock of the Quinto
OIL company Is 100000 shares OF
| treasury stock of one dollar each,
fully paid up and non assessable.
4o,o5o shares of this stock have
been issued to the present stock.
holders of the company In lieu of
the leases and other property trans
ferred by them to the company.
On Oct. 10, 1903 dividend of a
6 per cent. of the par value of stock
of record Sept. 80. 1903, will be
paid. All future dividends will be
gagged by the earning capacity of
the company which has a very
bright outlook for the future and
will In all probability be able to In
crease the dividend rate to IS or
so per cent. per annum.
The company In making this
proposition to the public seeks for
no advantage over any possible
purchaser. Any purchaser Of stock
will. to the extent of his purchase,
participate In the same proportion
In all of the company's holdings
and all treasury stock.
It Is not the purpose of the
directors to dispose of more than
$1oo. 900 or $125,ooo shares Of
stock, retaining the remainder In
the treasury.
Since purchasing the Handshaw
farm the company has drilled No. 9
which started of at IS barrels
day and No. 10 Is now drilling and
Its location insures good well.
There Is room for at least a dozen
more good wells on this farm.
While this money will 60 toward
paying dividends, purchase money
and operating expenses OF this
lease the company needs to con-
vert 40, 900 shares of Its stock into
cash at once for the purpose of Sc
curing about $4,000 to operate on
the 5000 acre tract In Writ county
A we'll Is being started right up
against the south end of this block
of leases and If 1t comes In a good
we'll this stock will Immediately
60 to par.
This Is a chance In a lifetime for
those who are unable to 60 into
the oil business individually. 1t Is
q proposition that ought to appeal
to any business man or capitalist
having money to invest.
There Is no wildcat scheme at
tached, but a gilt edged business
proposition that cannot fall to make
big returns.
The directors OF this company
are all practical oil men, having
begun the business under the beam,
and are as follows:
Up. II. Gaffney, Sistersville, w.
Va. E. J. Cosper, Sistersville, w.
Va, F. A. Lawrence, St. Marys,
W. Va; j. R. Griffith, St. Marys,
W. Va, Jos. A. Kennedy, Sisters
Vile, w. Va, The executive
officers: P. H. Gaffney, Pres. E. j.
Cosper, Vice. Pre-. Joseph A. Ker-
nedy, Treas.
There are no salaried officers 10
eat up the savings OF the company,
each officer being paid only for
labor perfor ned. and the earnings
of the amount of stock owned by
each respective officer.
Any one desiring further infor-
nation concerning the standing OF
the Ouinto OH company, or Its
officers, are respectfully referred to:
Tyler County Bank, Sistersville,
". Va.
First National Bank, Slstersville.
w. Va.
| First National Bank, St. Marys,
W. Va.
Or to any one acquainted with
the men or holdings of the company.
This proposition will be enchanced
by rigid investigation.-St. Marys