The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-02-07
TO INVESTORS

The Uncle Sam Oil Company has
reached the stage OF It's career where 1t
~ assuming the proportions OF q great
national enterprise 1t has three great
refineries completed and miles of.main
trunk pipe llnosand laterals, scores Of
distributing stations and a great enter
Prise tliree- fonrths completed,. easily
largo enough to market and lnanufac-
ture Of the Z, very very least five thousand
barrels OF oil per day. at the present
lousy low price of 80 cents per barrel
for tho highest grade, while the plans
Of the criminal oil trust are to run It
still lower. Tho Unc.c Sam OIL Com
ton in ull OF It's bearings for months,
and there Ii practically but one sane
thing to do, and that Is to build stcrage
tanks and store at least enough Of this
cheap oil TO operate all three OF the
Uncle Sam refinerics for four years and
to keep the storage bniit up SO that Il
four years supply vii! always be on
Land. Every barrel of this oil placed
in storage with the pipe line and dis
tr.buting stations and equipment COM
plcten Will bring this company at least
g per barrel. This VII enable the
four and ono-haif milnon dollars per
year and Will enable 1t to buy an addi-
tional million and n half barrels Of oil
onch year to take tho place OF this
amount manufactured3and sold and to
retire one million andfa half dollars of
bonds yearly. For these purposes FIVE
million dollars Of twenty-year FIRST
mortgage 8 per cent. bonds VIII be sold.
The production OF crude petroleum in
the Pennsylvania. California and Texas
Gil fields is rapidly decreasing. and the
only great oil fields In the world to
which the people must look for supply
or crude oil are the Kansas Oklahoma
fields. This oil Is bounu to Increase IN
yr!ce. and VIII be worth at least one
dollar and half barrel in a very
short time. The railroads and great
manufacturing enterprises in Texas
which have becn using. and are using
oil for fuel are already making pur-
chases in the Kansas Oklahoma fields
Barring all this crude OIL would never
have gold in these western fields foi
less than one dollar a barrel were Il
not for the monopoiistic grip held by
the criminal trust, and. as the Uncle
Sam Company has always claimed JUS
MS quickly rs this grip can be broke,
the price Of crude oil Is certain IL
4 greatly advance. While on the other
hand. the trust has always played the
let Independent retineries come into al
OIL field and of course 1t takes consid
cradle time to build UP and equip al
Independent plant for business.
While the independent plants mr..
building thetrust runs the price OF OF
down and stores millions of barrels a
price which Is little less than steal
ing 1t. At present there Is a produc
& tIOn IN glHe NEUTRALITY-SUSPICIOUS. Oh iit'G
or close to eighty thousand barrels
day. There Is a movement on foot I
build an Independent pipe line to tn
Gulf of Mexico, and there are numbe
OF other conditions which are sure {
ouuse a rapid rise in the price of crud
Gil during the next two years. TIL
Uncle Sam OIL Company is not goinj
to be caught In any such trap. and it
only GOOD generalship and determine
ton to protect this company and put
where no power on earth can interfer
with its onward successful march tina
bonds will be offered and sold and bi
tankage built forthwith and at least 81
million barrels of oil placed in storage
OIL Trust Power Is Rapidly Waning.
Public sentiment in this country is l
state of determination that will Sc
cure results from one side of this ma