Los Angeles herald., 1910-09-25
GUARANTY OIL COMPANY
ENTERS MIDWAY FIELD

one OF IIle most PROMISING VI bllo
companies entering the Midway field
is the Guaranty Oil company. It's
officers are men of ability and integ-
rity. They started out upon a simple
business plan and with quiet deter
mination to succeed, as they have
in other oil, fields and in other lines OF
business. They secured what is un-
doubtedly one of the most desirable
tracts of land in the state, same being
located in the southeast quarter of
section 81, township 81 south, range
"a east, Kern county.
Their land is patented, so they are
not disturbed by the storm of litiga-
ton, the plans of conservation and
Withdrawals. They have been laying
the foundation for a big, strong COM
pany during the dull months and now
have commenced to take active steps
to build up their company and develop
their land Their neighbors on the
north are the Standard Oil company,
on the east the American Oil company,
on the south and southwest the Union
oil company, and on the northwest the
Santa Fe, thus giving them the best
and strongest neighbors in the field.
4rhey are in the center and cream
of the gusher territory and are pSacti-
cally surrounded by gushers and
flowing wells. The August Oil com
pany is nearing completion of it's well
into the deep sands of the same quar-
ter section within few hundred feet
of their south line. The bringing in
of this August well will make their
property very valuable and eliminate
the last vestige of doubt as to their
territory having the gusher stratum.
There is no doubt of their entire tract
being proved as to pumping wells,
and that fact has already been clearly
established.
BETWEEN ANTICLINEs
This land lies between the two rich
anticlines as defined by the y. S. geo
logical survey 406, by Ralph Arnold
anticlines there are no dry wells.
They commenced to market their
stock at 80 cents per share upon a
capitalization of $3,000,000, which is
low price, for their property developed
will be worth more money than this
selling price would produce.
The president of the company,
George w. Carroll, vice president of
the Commercial National bank of
Beaumont, Tex, and president of the
Texas Banking and Investment COM
pany, is very strong man financially
and is an experienced oil man. He Is
also president of two other oil COM
panies one of which pays GO per cent
annual dividends and the other 100 per
ity and success wherever he is known.
The efforts of this company will not
be frenzied finance, nor get rich quick
methods, but plain, old-fashioned bus
mess methods. So sure and confident
is Mr. Carroll of success that he au-
thorized Mr.. Ingram, one of the SELL
ing agents, to guarantee to any one
buying this stock through him at 80
cents per share to refund their money
plus per cent at the end of twelve
months should they at that time be
dissatisfied with their stock and wish
to dispose of it.
This looks like safe and sure in
vestment, and with able. honest men,
good land and fair capitalization the
company seems sure of success. They
have made arrangements with e strong
banking and brokerage house to
finance their development, which they
will start now in a few days, with
every prospect of success and pros
perity. They have appointed the Sc
curity Transfer and Registrar COM
pany, 66 Broadway, New York, as
registrar and transfer agents The
general offices of the company are in
the Citizens National Bank building,
Los Angeles, California.