The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-01-18
PLAN Is
COMPLETE.
Committee of Citizens Make
Up Their Report.
fORPROSPECTINGCOMPAN
That Will Drill for Gas Around
Wichita.
fORPROSPECTINGCOMPANY

The members OF the cOmmlttee appoint
ed by Chairman Davidson at the mass
meeting of citizens Thursday night to
draft plan for the organization of
stock company to drill for gas and oil
met at 2:3O o'clock yesterday in Bentley
d HatieId's Office and after thorough
discussion of the plans and suggestions
offered formulated the following report,
which will be submitted to the mass
meeting to be held in the council cham
Der next Tuesday evening:
Mr.. President-Your committee APP
pointed 70 draft and submit plan for
prospecting for gas, begs leave TO re-
port:
First, that the name of the corporation
be The Wichita Prospecting and Mining
company
Second. that the capital stock of said
company be $4,000. divided into $4,000
shares of the par value of 81 each, and
worcestershire when fully paid.
Third, that the directory of said COM
pany, consisting of eleven members and
the following gentlemen are recommend
ed as directors for the first year: ]. H.
Stewart, James Allison, L. S. Naftzger.
c. H. Smythe, z. E. Masterman, Finlay
Ross. A. S. Parks, A c. Jobes, c. w
Robinson, o. D. Smith and c. G. Cohn
Fourth, that the following be adopted
as the form OF subscriptions to the CAPT
tai stock Of said company:
subscriptions to Capital Stock of the
Wichita Prospecting and Mining Com
pany.
I'VE, the undersigned, hereby respect
lively subscribe for -. shares of the
capital stock of the Wichita Prospecting
and Mining company, to be organized
under the laws of the state of Kansas,
and hereby agree to pay for the same as
follows: Twenty per cent when full
amount Of the capital stock of said COM
pany is subscribed, and 20 per cent there
after as often as the directory of the
company may demand it, until fully paid.
1t is understood that said company shall
be capitalized for $4,000. divided into
shares OF 81 each par value and shall be
assessable. It is further understood
that said company shall adopt a bylaw
providing that no debt shall be contract
ed against said company until the money
Fifth, that the form of charter here
with submitted be the charter of said
company.
There was much discussion on the
streets yesterday relative to this com
pany and many people were heard TO ex-
press a desire to take out 4 few shares
of stock. 1t seems almost certain that
the stock of the company will be sub
scribea to in few days after the organ
ization is completed. At the mass meet
ing Tuesday evening the subscription pa
per will be started among those present
for stock but no money will be paid in
until the entire stock is subscribed.
Mayor Mclean yesterday received {
letter from a Kansas City firm of ga:
well locaters. The mayor was not in
clined to take the matter very seriously
but 1t is certainly interesting. The let
ter is as follows:
533 Minnesota Avenue,
Kansas City. Kan, lie. 1908.
Mr. Mayor, Wichita, Kan.
lear Sir-In this mornings paper w
resd a dispatch stating that your cit.
was going to prospect for natural gas
1t is not necessary for your people L
Sfend a DOLLAR experimenting 10 uCNti
nine whether there is gas, oil or Goa
,nder your city or not, or we should sa,
is not necessary for you to inves
much to get that information.
Our Mr.. Carpenter, after much stud,
ana experiment. has perfected a scientih
process by which he can locate oil, ga
and minerals and tell approximately tn
distance from the surface to the STRAIT
carrying the deposit and the width an
depth of the vein.
Our information enables the driller (
not only avoid a dry well, which is ex
pensive. for nothing. but enables him
strike the vein where the volume of ga
OF oil is the greatest and from which tn
strongest flow will be obtained.
We will furnish this information 70
cur expenses in cash when We reach you
dty and a contract to pay us 500 whe
YOU have struck the gas or oil.
Can you afford to risk dry hole o
setting only into the feather edge of
good vein for the sum we name?
The medium which carries our instru
ments through magnetism the knowledg
we get is the same kind that carrie
Marconi's messages across the ocea
without a wire Marconi's system
new. but is none the less one which doe
the work. and so does ours in our line
We shall be pleased TO serve you.