The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-04-09

at 5 cents for cash payments, IT cents
on an installment plan and on big
bulk sales of $500 to 10000 shares al
something less than IA cents q share
The stock seemed to be selling a little
! cheaper than the previous spring.
Alluring Advertisements.
| Advertisements appeared which pic
| tured barges floating down a majority
siSSippi valley-all of these barges
were supposed to be loaded with oil
from the Uncle Sam refineries and the
picture was intended to display what
would soon be realized by the manage
ment of the company. Thus far this
particular feature is yet to bear fruit.
A new proposition was offered to in
tending investors in February. On
sue of 100000 was proposed by
Tucker. The bonds were to be 20 year
bonds. first mortgage and bear 6 per
cent interest I'll .t4r
Tucker, through his advertisements
to which his name was signed as secre-
tary, said that he hoped 10 persons
would take SIS, 900 each of this bond
issue. The bonds were to provide for
Each $4,000 was supposed to rep
resent the cost of one of these storage
tanks. fuckers advertisements ex-
plain the need of the tanks in the fol-
lowing languages: "At-the present time
crude oil is selling at the ridiculously
low. price of SO cents per barrel for
the highest grade, while the plans of
the criminal oil trust are to run it still
lower. The Uncle Sam Oil company
has been considering the situation in
all of it's bearings for months and there
is practically but one thing to do and
that is to build storage tanks and store
at least enough of the cheap oil to OPP
crate all three of the Uncle Sam re-
f1neries for four years and to keep the
storage built up so that a four years
supply will always be on hand
The tanks were to be located on
of which were at Tulsa, 1. T.. Bartles-
vile, Pipua, Kansas City, Topeka and
Atchison. To the subscribers to the
bond issue a promise is made that they
will get their interest promptly and
their investment back within four
years probably.
AS a protection for the intending
bond issue the following probable as
sets are listed as representative of fu-
ture conditions:
of increased capacity, parafine plant
lubricating plant, 400 stations, $50
tank cars, river boats, large equipment,
oilweIls. leases, oil-gas rights, office
fixtures, except tanks and oil-$3,-
100000; tank farms and connections,
10 5000 barrel capacity steel tanks
-$2, 100000; 100000 barrels Of oil
SIS, 100000; cash reserve which will
soon De Dullt up ana always maintain
ed after all bonds are sold-$300. 900.
Total value $2l,8O0,O0O. However, in
other advertisements the price of
barrel of oil is given at SO cents as
compared with SO in the above sum-
mary.
List of the Property
The valuation of the holdings of the
Uncle Sam Oil company were given
this spring to be as follows:
Cherryvale Uncle Sam re-
ffnery No. 1, 20 acres. ...$ 10000
Atchison Uncle Sam refinery
No. 2. so acres ....... 5000.
Tulsa, I. T.. Uncle Sam re-
fnery No. 8. II acres.. 10000
LOO acres. lot 43. oil
rights 49,. $3.50. ESQ. 900
I'll miles. main trunk line
and laterals ...... s65.oOo
leases ..... 49,. -. 10000
IS distributing stations and
equipment .....r... LBS. 900
90 tank cars ............ 10000
Kansas. -. . 1870. 5000
Money described on con-
tract, stock already allot-
ted from treasury,approxi-
mately ..'.'-.-.-.-.'.. $4,000
Office, furniture and fix
lures, Tulsa, Bartlesville,
Atchison, Kansas City,
Cherryvale ....... 49,. 5000 |
Cash =. -. ...... 49,. 1900 |
The above is the estimate that the
itself places on it's real and
personal property.