The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1904-04-16
FIVE THOUSAND
BUTTONS ORDERED
Plan to Sink Wells Is Being
Pushed
PETITIONS ARE PRINTED
Sale of Stock to Begin About
Wednesday.

The executive committeeof the stock
| company which was organized in Wichita
to bore for gas has announced that the
membership buttons will be~here by the
middle Of next week and will be placed on
sale Immediately.
There have been so many oil wells in
eastern Kansas that when an oil propo-
sition is mentioned it is generally accept
ed with a grain OF allowance But there
| is nothing slow about this
Last Monday a meeting was held and
officers were elected TO handle the bust
ness of the company that was formed 10
push the work Of boring to ind out what
there was beneath the scurface Of the
| ground in the vicinity of Wichita The
| following officers were elected: T. IL.
| Griffith, president; F. H. Robertson. vice
| president; Whitney Tucker, treasurer,
and G.. W. Smith, secretary
Thisc committee has been working quiet
ly but steadily. Correspondence was
opened with the st. Louis Button Co. and
/ finally an agreement was reached as to
| the style Of button and the price, and an
order for 5000 buttons was forwarded to
that company yesterday. They will be
here by next Wednesday or possibly
Thursday, and will be placed on sale at
once. These buttons will be sold for one
dollar each. which entities the holder to
one dollars worth of stock in the COM
pany, although the purchaser can invest
any amount over one dollar that he de-
sires Several hundred petition blanks
are being printed and at the top of these
petitions there will be reading matter
telling what the petition is for, and ex-
planning that each person purchasing a
button Will be entitled 10 stock in the
work of boring for gas in proportion to
the amount they invest The button mere
~ indicates that they hold stock; the
number of dollars worth of stock they
hold is indicated by the amount set OPP
posite their name on the petition blank,
where a record is placed at the time of
investment. 4 supply of buttons VIII be
kept at all the larger mercantile estab-
lishments of Wichita and they VIII be
authorized to sell them and keep record
of the purchasers name and the amount
in vested. When a certain amount has
been collected it is turned over TO the city
and a new supply of buttons given out.
These banks are: The Fourth National
Bank, the Kansas National Bank the
National Bank of Wichita, the National
Bank of Commerce and the American
State Bank. The directors will be Els
berry Martin, c. w Carey. John Moore,
w O. Norcross r. i. Murdoch, Y. II.
Branch, Walter Ines W. r. Tucker, II.
j. Hagrey, Newton Garst, P NJ. Ander-
son. j. II. Stewart. F. II. Robertson, G.
w. Smith and Thomas H Griffith
SIS. 900 is the amount wanted. and from
all indications there will not be the least
trouble about raising it. Everybody is en-
thusiastic and the thing is going right
through to the finish The contract for
the drilling will be so framed that the
full price to be paid for the boring viii
not be paid until the well is down to the
required depth in order to guard against
any accident that might happen TO stop
the work before the well is finished. The
full amount agreed upon Will be paid
when tho well is completed to the speci-
fed depth
II is generally the case that after hole
is bored for gas and no satisfactory re-
suits obtained there are generally num-
Der of persons ready to assert that they
knew where there was plenty of gas to he
found if the hole had only been bored
there. To avoid all this and OF the same
time obtain the best results possible it is
requested by the committee that any one
having a feasible proposition TO advance
in regard to a location for the well write
TO G. W. Smith, tho secretary, naming
the location they have in view with their
reasons for thinking so. They Will all be
given consideration and the one deemed /
best selected. There has already been
suggestions in regard to land in the vicin T.
ity of the county pjoor farm.
This means business. and as soon as the !
buttons arrive things viii begin to move. /