The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-02-05
TO INVESTORS:

The Uncle Sam Oil Company has
reached the stage of its career where it
is no longer small local concern, but is
assuming the proportions of a great ma
tional enterprise. 1t has three great re-
hneries completed and miles of main
trunk pipe line and laterals. scores of
distributing stations and a great enter
prise three-fourths completed, easily
large enough to market and manufacture
at the very least five thousand barrels
of oil per day At the present time crude
oil is selling at the ridiculiusly low
price of SO cents per barrel for the high
est grade. while the plans of the Grim
1nal OF! trust are to run it still lower.
The Uncle Sam Oil Company has been
considering this situation in all of its
bearings for months and there is Drac-
tically but sane thing to do. and that
is to build storage tanks and store at
least enough of this cheap oil to operate
al three of the Uncle Sam refineries for
four years and to keep the storage built
up so that four years supply will al
ways be on hand Every barrel of this
oil placed in storage with the pipe line
and distributing stations and equipment
completed will bring this company at
least Sc per barrel This will enable the
company to bring its oil sales up to four
and one-half million dollars per year and
will enable it to buy an additional mil
lion and a half barrels OF oil each year
10 take the place of the amount manu-
featured and sold and to retire mill
lion and half dollars of bonds yearly
For these purposes five million dollars
of twenty-year first mortage per cent
bonds viii be sold
The production of crude petroleum in
the Pennsylvania. California and Texas
oil fields is rapidly decreasing, and the
only great oil fields in the world to
which the people must look for a supply
OF crude oil ore the Kansas Okla hona
fields. This oil is bound to increase in
price and will be worth at least one
dollar and a half barrel in a very short
turing enterprises in Texas which have
been using and are using oil for fuel
are already making purchases in the
this. crude oil would never have sold in
these western fields for less than one
dollar a barrel were it not for the monop-
olistic grip held by the criminal trust and.
as the Uncle Sam Company has always
claimed. just as quickly this grip can
be broken the price of crude oil is certain
TO greatly advance. While. on the other
hand, the trust has always played the
independent refineres come into an oil
field and, of course, it takes considerable
plant for business
While the independent plants are build
ing ing, the trust ,.I runs the price of oil down
which is less than stealing it, At
present there is production in the Kan
eas-Terr1tory oil fields of close to eighty
thousand barrels a day. There is a move
ment on foot to build an independent pipe
line to the Gulf of Mexico. and there are
a number of other conditions which are
sure to cause a rapid rise IN the price
of crude oil during the next two Years.
The Uncle Sam Oil Company is not going
to be caught in any such trap, and it's
only good generalship and a determine
where no power earth can interfere
with its ownward successful march that
tankage built forthwith and at least six
million barrels of oil placed in storage.