The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-04-03

The amount or tankage Wrlcn was
erected and paid for (included in
the above fgures) has capacity .,o-,
TIC 10 h totai er stoe o4i Of oil in tanks
and pipes of the company, own
ed January /, 1905 ...--...-.- ., zJi us
Total stocks of oil January l. 1904,
Increase in stocks during that years, 4S8, 462
I call your attention particularly to
this increase. You will see that the
company was compelled to construct
a very large amount OF tankage N
order to be able to receive the IN
creased production.
In the month of January, 1905, the
company purchased and received
crude oil from producers, a daily o. so1
It delivered to reffneries and cars
sally daily a avf fgs OF daiiv average rs
The approximate cost of tankage is &c
per barrel.
As the quantity purchased is more
than 5000 barrels per day in excess
of the quantity which can be marketed
in the vicinity of the oil field, in order
to find a market for said excess guam
tity it became necessary to construct
a line of pipe to Whiting, Ind, at
which place a large oil rennery IS
located and in operation
The estimated cost Of such line,
including the pipe from the
state line between Kansas and
fin li is ~. :. '-.. .2ss $4,000
| Said line of pipe is now being
laid and there has already
| January /, 1865 ................... 649.14s.s6
Leaving still to be expendeds3, ST., 1854
1 On January l, 1905, there was in
/ process Of construction and
itv of ...................... S,sSs, SOC
At an estimated cost of &c per o., ,-o .,
parreI -. -; - :. - - a.te5 h.,
! the Prairie Oil & Gas Co. is. 49, sol, 81 g
| Total amount already invested
and intended to be invested, as >,
shown ...... --.-..-....-----... 10 So4, u u
/ The officers of the company are OF
the opinion that if the business is te
I continue, a much larger amount Of
capital than the total above named
will be required for lines of pipe
tanks purchase of oil, etc, the
amount of which at this time cannot
he accurately estimated, but they esti-
| mate there will be required an amount
sufficient to bring the total expell-
diture up to $4,000, 100000.
The amounts hereinbefore stated, II
: so far as claim them to be exact
can be verified by the books OF t1f
conDanv and where estimated, thea
Sr1se fieIIres given show that thu
t cononanv has expended a very large
2 amount of money in It's successLul ei
forts to receive and care Tor the o.
produced IN the hdllsals-1li -
Up to the present time it has p.ur
chased and received all oil produced L
: said field that has been oifered 70 lI
If however, the production in SAT-
4eId shall continue to increase durini
~ resent YEAR as it did during tn
: year 1904, it may be impossible 70
: the company to purchase, receive an
! care for the entire production.
n The company has paid a fair pric
for the oil purchased by it considerlni
the quality Of the different grades Q
conditions which I have described.
ask you to consider the fact tina
= the company has now in stocks owe
t 400 900 barrels of oil, as great
i s,,,Saofitr as could be used and marker
cd for the next two years with preser
facilities. If the line Of pipe Is com
: III viii he furnished for quite larg
at It IS true that the price for oil pro