Danville intelligencer. [volume] (Danville, Pa.) 1859-1907, 1906-03-16
Amazing Wealth In Petroleum.

Oil is vastly greater source of
riches to the United States than gold,
silver or copper. Statistics show that
oil leads in money all of the mineral
products of America, and can be pro-
duced at one-tenth of the cost of min
ing gold, silver or copper. The great
oil products of the United States at
the wells, for the year 1905, was worth
$3.50, 600, 600. Converted by the refin-
cries into gasoline, naphtha, kerosene,
gas, lubricating oil, vaseline, par
affine, wakes, and thousand other by
products this value was easily quad
rupled or advanced to the stupendous
sum of $500, 900, 600; turning out an
equivalent of 800 new millionaires.
This means a grand annual distribu
tion Of the equivalent of 1,200, 900 in
sums of $500 each: 900, 600 of $1,000
each; 300, 600 of $4,000 each; 120. 600 of
$4,000 each go, 600 of $40, 900 each.
In some of the older fields the oil
deposits are not producing sufficiently
to keep abreast of the enormously in
creased demand but in various parts of
the country new and powerful corpora
tions are opening up new fields, deter
mined to secure share of the enorm-
Gus profits that are embodied in sue
cessful oil operations. In Kansas the
oil wealth is great almost beyond COM
prehension, and the development of the
past three years seems beyond belief
to any one who has not been on the
field and seen with his own eyes. Com
pared with Kansas, the Pennsylvania,
Ohio and Indiana fields seem small !;
while the oil fields of Texas and Cali
fornia yield only fuel oil Kansas oil
is almost entirely of the highest grade
illuminating variety. The mere fact
that the refining companies have ex-
pended over $50, 900, 600 in refineries,
pipe lines, storage tanks and pumping
stations in Kansas for the development
of these fields should be proof of the
solidity and profitableness of Kansas
oil producing investment proposition.
There need be no hesitation in say
ing that one of the strongest most in
teresting and best-managed of Kansas
corporations, is the Coffeyville Consol-
idated Oil Company, of Philadelphia,
operating in the Coffeyville field, some
interesting details in regard to which
have just been secured by this paper.
The capitalization of this company is
small; only half million dollars, and
the honor and integrity of it's manage
ment is unquestioned. On the prop
erty of this company, which is most
advantageously situated at Coffeyville,
Kansas, are eleven wells, a number of
large tanks, engines, etc. The COM
pany owns its own drilling rig and all
necessary tools and equipment for drill
ing wells, all at cost of many thou
sands of dollars and all paid for. The
stock of the company is selling readi-
ly.at five cents per share (par value 10
cents). The money from the sale of
the stock is used for development The
Coffeyville Consolidated Oil Company
can get along very nicely on its own
resources, and they are offering stock
for sale, not because their need for
money is imperative, but because more
capital means greater immediate
growth, greater immediate supply.
greater immediate returns. Applica-
tion has been made for the pipe line
to the tanks of the company and the
management expect to pay dividends
from the first sale of oil half being
retained for further development and
the other half to be paid to the stock
holders in the form of dividends.
There is very little speculation in a
good oil producing company, and to
those with money for investment, who
are looking for a genuinely good thing
we do not hesitate to say that who
ever invests in the securities of the
Coffeyville Consolidated Oil Company
is wise. Any one wishing a prospectus
and literature of the company can have
further particulars by addressing the
secretary, Mr.. E. N. Legg, at No. 1866
Drexel Building, Philadelphia, Pa.