New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-21

offer for tnmeoIaue p" oan+ cumulative
lOV so saat stocR Of the Norton Oil Company OF
Hpela WIRE County, Indiana az par. 90 s+aclr
sIaIe, had for the purchaser ia given the rlgns
Ia s1Ihscrfbe for equal NUMBER oL s sia 80
common stock at Sol snare, 0r &c +ba Norton
on company stands for an investment-not .
sneculation 1t has back OF 1t reaI P[opeA' S'
not a Dronnise or hope of things 10 De. T
When they have read the above paragraph
lev there will be people-suspicous, skeptlcai
people-Eho will say. mo Oil stock I o., nY-
and will be about to cease reading Ihis an
nOuncen1ent.
To such people 1 say:
Don't stop
Read on
Consider every business proposition on us
merits, giving to II tno aIIoii'I" ~
The Norton Oil Company IS cor re- HIai ne
ganized under the laws OF the state u thio,
Cunning bv virtue of perpetual leases ana Opera
ms extensive oil fields in Liberty Io"LsnlR y
Desiawars County, Indiana The capital st 0c6
of the company is SlO0OooO s11o Zach 1o -Four
thousand Of these shares have been deslgnatsu
az 10 per cent cumulative preferred stock' NY
dands on the preferred stock being payaoIe
60 70 ner share on April LIST. July 1st OCTOBER
fst and January list of each year Inc S'ooA ID
all full paid and worcestershire. ..,o+
This is a business property-not prospeo'-
not a castle in the air.
# has a fully equipped plant for economical
r,rodnc+{on and a supply Of oil that without
narttCIe OF expansion or additional expense pc
pa nresenf conditions will keep on paying
large dividends for years and years to come
Unlike so many railroad and Industrial cor
nora+ions II owns an extensive and expensive
enuipment with large assets In machinery, Per Per
petual oil leases, producing oil Yes, -, ths
pines etc. and does not owe doiIar n ING
world II has no bonds outstanding oDhga-
tions to meet of any kind whatever. lts Ia
hiIities are limited to it's capital stock.
Tbtg coronation I have investigated from
every possible standpoint. This nave cone ao
a prerequisite to recommending over my sigma
tura its securities for public subscription. l
investigated it with facilities for so doing tnat
the Individual investor has not at hand
investigated it in behalf of the investing puohc
IIt+b a nainstakine care and thoroughness as
to every minute detail that 1 would not con-
slider necessary to bestow on my INDIVIDUAL IN
vestments.
Auerbach ESQ. to the property to make an e1-
haustive examination of its plant. leases titles
expenditures and income. physical aspects etc;,
and to make a report covering everything Daseu
on actual existing conditions
Mr. Auerbach is a Boston attorney who oc-
cupies high rank in his profession: he IS
counsel for some of the largest financial inter
ests in this city. His name is prominent In
the public litigation Of the city. He Is himself
q financier of means and ability, and by reason
of his special knowledge Of oil properties Pc
cularly well qualified to pass on the Norton
Oil Company's equipment, physical aspects,
business leases, titles. etc.
Attorney Auerbach reports to me that the
company has 39324 acres of land held under
nerDerraI leases proper in form duly executed
and recorded; that It IS free Of every mourn
brance; that it's taxes paid; that 1t IS In
volved in no litigation and has no adverse claims
standing against It of any kind whatever; that
it has thirtyeight producing wells capable of
being increased in number to eighty; that It
has one gas well. five central pumping stations,
from which power to pump the various wells
is distributed; that it has fifteen gas engines,
four steam engines, seven 25-horsepower boilers,
thirty-one 25O-barreI oil tanks. two 650-barrel
oil tanks. two 3OO-barrel receiving tanks and ten
small tanks, giving 1t altogether a tankage
capacity of 10000 barrels In addition to the
equipment which is one of the most modern and
elaborate in the State of Indiana, there are
seven comfortable cottages the property, oc-
cupied by the employees.
Mr. Auerbach finds the production OF oil to
average 1890 barrels month for the past
year He finds the company's pipe lines con-
nected by complete pipe line system with the
Indiana Pipe Line Company, one of the subsid-
larry companies of the Standard Oil COMPANY