The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1904-12-17
NOT LIKE OTHERS.
Few Oil Companies Conducted So Well
as This One.

In talking with Webb McNall. the
president Of the Beulah Oil company, a
state journal reporter made inquiry
about that company. McNall said there
but individually he believed that per-
sons WHO offered oil stocks for sale
ought to be in a position to say, At have
| invested my own money in this propo-
| in my experience as against the other
fellows money" He proceeded and
said:
Some companies offering stock for
sale are incorporated in foreign states
! in the sum Of one or more millions of
dollars, and the par value of the stock
| they are offering for sale runs all the
way from ten to twenty-five cents. To
| illustrate, company is incorporated for
one million dollars. 1t issues four mil
| lion shares par value twenty-five cents.
| The same is placed on the market at
| five cents per share. The purchaser is,
value for property that is classified as
| wild cat
wild cat property is that which is
not proven oil territory. 1t might, or
might not, turn out to be all right. Last
summer upon personal inspection of
| the Wayside oil field in Montgomery
county I invested my money, along with
Governor Bailey, Judges A L. Greene
and G. w. Smith, r. w. Turner, Col.
E. c. Little, D. o. McCray and others,
in purchasing gilt edge property.
1--WE Incorporated under the laws of
Kansas in the sum of one hundred thou
sand dollars The par value of the
| stock is one dollar. and having peculiar
| ideas of our own We did not offer one
nished thousands of doliaTs of our own
money for the development of the pro-
perty, viz: five good oil wells, one gas
well with an estimated production of
two million feet per day, a twenty-horse
power Bessemer pumping plant, power
building 16x64 feet, twenty-five horse
| power boiler. pumping plant, two $50
barrel tanks housed in, a permanent
dam constructed across a stream run
ming through the land to furnish water
for the plant at all times during the
year. The pumping plant is of sufficient
capacity to pump all the wells that can
be drilled upon the land.
THE settled production of the Beu-
lah wells is six barrels each per day.
They are not sushers throwing the oil
so high each day that the sun is OBJ
scured. The company is delivering the
products to the Prairie Gas and Oil
company, which in effect is the Stand
the Beulah's tanks. and the numbers
given to the tanks are 5072 and 5073, sta
ton number s.
This progress has been made under
the personal supervision of the COM
pany'S president. 1t has cost thousands
of dollars to place this property in this
condition. About seven more wells can
be put on the lease. 1t costs money to
drill wells, case them, place the pumps
in position, build pipe line to run the
oil to the tanks, shackle-rods, tanks,
etc.
at costs as much money for the field
man to run the five wells as it will to
run twelve. Hence, the Beulah people
have decided to place upon the market
10000 shares of this stock to further de-
velop the property in sinking more
wells. The price of the stock is so cents
on the dollar"
Mr. McNall said further that each
member of this company had put up his
money for the stock he owns, and that
on Monday morning the 10th he will be
at the Beulah company's office at the
Real Estate building, corner Seventh
and Jackson streets, and remain during
the week and dispose of the stock up to
the sum stated, and at the prices sta
ted, but that not less than 100 shares
of the stock will be sold to any one in
diVidual.