The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1907-04-11
OIL TRUST HATE
TURNED TO Cash
ARREST PROMOTER FOR FORM.
ING 100000 OIL COMPANY
ON NOTHING.
OUpES IN Every STATE
Who Eagerly Bought Stock in thu
Uncle Sam Concern Of Kansas
Made $t,2oo,oo0, say Fed
eral Officers.

: Kansas City. Mo-. April 10.--H. il
Trucker, Jr., secretary and promoter 0
the Uncle Sam Oil company of Kan
sas City, Kas., and Cherryvale, wa
arrested here last night by a Unite,
States marshal on three counts, charg
ing him with using the mails to de
fraud.
II. J. Jones, United States Districl
Attorney, says the investigation Of the
federal authorities shows that Tucker
sold $1,000 worth of stock (cas
value) to each of about 10000 per
sons frcm New Yofk 10 California
through extensive newspap RS adyer
it's ne IL which he misrepresented con.
ditions.
Tucker in a statement says the
prosecution is instigated by the Stand.
ard Oil company because he was an
Independent refner. He says the
| money received from stockholders was
expended in bottsring the properties
| If the company, fuckers bond was
| fixed at $4,000 by Judge Pollocla In
| Topeka today,
Forms $5o.ooo,0oo Company
With James Ingersoil, J. n. Ritchle
md man named Cooper, Tucker or
| gan zed the Uncle Sam Oil & II finery
| company, with acapital stock of $50,
| 00G 900. This was In February, 1905
There were 5000G,o0a shares of a par
valce of 81 each. A lettle later Tuck
| er amended he chart making the
capital stock $10000.00o.
| All the preferred stock was. allotted
| to Tucker. He made no payment for
this except to charge himself witt
10000 on the books Ct tn company,
3y thIs affai EeHient Tucker had 81,
100, 900 yoies ID fisa affaiis Of The com
rany. as against 1 100000 votes Of
those who hold the treasury stock.
AS Tucker acquired oil property, he
magnified the Importance Of his holil-
ings, and represented that the Uncle
Sam company was doing large and
profitable business. As matter Of
fact the Uncle Sam company, accord
ing TO II. j. Bone the United States
District Attorney. was never profit
able from the moment of its inception
Uses Standard Oil Enmity.
Tucker In his advertisements from
the very first represented thai a small
sum invested in treasury stock would
IN short time make a profit OF sev'
eral hundred per cent He also repr
3ented that profitable dividends were
being declared and paid frequently. In
each adyertisem Mt he exploited the
fact that the great state Of Kansas
had passed an antl-discliminatiCn law
against the Standard oil and that the
state was making a vigorous fight
against the oil trust generally.
In July. 1906, Tucker induced the
same persons who had incorporated
The Arizona company, Mckinley, his
fatherin-law: fuckers wife and two
clerks. to incorpu. ~ the Uncle Sam
Oil company in Kansa. The capital
was $4,000. with shares a, each.
OF the 10 600 shares 100 wen, -
Tucker and III remainder TO his wife
and Mckinley. Tuc,ar, conb Cling
absolutely the Arizona Uncle Sam
turned all the property, in
cluding the treasury stock, to the
Kansas company II was sort Of a
contract of lease for nnety-nine
years.
Sf,200,o00 Collected on Stock.
Up TO the time of the organization
Of the Kansas company. Tucker kept
all the money on deposit TO hts own
credit. After the organization Of the
Kansas company the money that came |
IN was credit I'D to the Uncle Sam com
1any II was estimated that Tucker /
collected from his sales Cf 10000. 900 /
shares of easurv stock 81 .200.0n0. or /
this amount $4,000 went for adver I
Using. The United States District At
Iorney SAYS that he operated his 1
plans at an Expense Of $4,000 and HIS
total t'cOmc fro mthe sale of oil /
vas only $4,000
In the two years tifai he had been /
in business IL Is contended that be had !
paid rnly one dividend Ia cash. That
amounted to SIC 900. This dividend 4
vas paid ont OF remittances for sub
scfiptions Of stock. as tn COMPANY |
lag never made any money. accord /
ng to the District Attor1ey.
During all the time he has been in
business the Districi Attorney says
Tucker has never sold one dollars
worth If the prefsrred Cr voting stock
If either the Kansas or the Arizona
.cnpany.
Tucker played upon the prejudices
1f the people against the STANDARD
Oil company and in the east he called
At euti0n TO tn successful fight the
state OF Ka1sas was making against