The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1910-06-25

I'VE are urlll1ng, L feel certain that w
will bring in big well. This is no
guess work on my part, for hav
istudied this formation carefully ans
Thoroughly and have been over tn
lground repeatedly and on adjoining
luroperties. / am SO convinced of tn
big future possibilities of this proper
lty that / am ready to take subleas
from this company and put in my owl
money to help drill well, feeling con
ifident of success. / am so confiden
that this company will prove one of tn.
Ibig dividend payers that / intend buy
ing all the stock I possibly can, and
Iadvise the drillers who are working
under me to do likewise.
81 do not consider this proposition
as uncertain for it is proven by tn,
wells already drilled and it is furthe
lproven by the big outcropping sands
the seepages and oil springs and tn,
pitch and trend Of the sand rock, a
shown by the outcrops in the ravine
and creek channels, is trending direct
ly under this property.
"The equipment of this company il
Exceptionally good. The various tool
are the best and in good shape Their
equipment is large and represents the
Expenditure of large sums of money.
"Mr. Parr, it seems to me,'' re-
marked one of the visitors, "that you
are very enthusiastic on this poposi-
ton; so much SO, that instead of wolk-
ling on a salary, ] should think you
would be drilling here on your own ac-
lcounty.'
-
IstT am not rich man, though / have
made considerable money out of oil
stocks and have always commanded q
good salary and have saved it. 1t il
true / am enthusiastic on this propsi
ltion, but it is enthusiasm based or
Judgment and practical knowledg'
gained over period of many years il
many of the oil fields of this country
and / am ready to back that judgment
with my time and cash to this extent
If you and your associates will pu
up half the money necessary to drill ;
well, myself and friends will put VI
the balance and we will seen if we cal
get lease from the High Gravit,
United and if we can, l will guarante,
Ito begin work in very short time.
haven funds enough of my own t,
carry the deal myself, but if you will
lstay in camp with us few days ant
Igo over this ground thoroughly ant
study the formations and the genera
conditions as they exist, you will pu
lin the money if you have it or cal
raise it. My opinion and judgment o
this field is based on demonstrate,
facts and conditions. / believe abso
lutely that the High Gravity Unite,
will develop field here that will riva
Ior outrank in magnitude and profit
the big property of the California Oi
Fields, Limited, at Coalinga, and whel
lit does that, it is going some, for tina
means dividends of 40 per cent pc
year or more. True, there are man.
california oil companies that are pay
ling more than 40 per cent per an
num.'
This statement was doubted by on
of the parties, who challenged Mr.. Par
to name some of the California com
panies that were paying such divid
lends.
"There are many of them,o sal
Mr. Parr. "Take for instance tn
first company that was started i
Coalinga, about IL or 13 years ago, b.
Chanselor and Garfield, who worke,
under the most trying conditions o
any oil men i know of who ever wen
into the oil business On that proper
ty they obtained seven producing well
and have paid in dividends about on
thousand dollars on each issued shar
of capital stock. The Caribou, anothe
Coalinga company, has paid over s
per share. The Home has paid abou
SIS per share. The Imperial, of Ker
River field, has paid $25 per share
Pinal has paid over So and United ha
paid about $2s per share. There ar
many others that | don Il remember a
able For instance, the Union Oil Com
pany has paid upwards of $6,000,000 il
dividends, the Amalgamated about 81
100000 and the American Petroleum
81 ,250,000; many other companies hav
paid large dividends, showing enormou
profits on the money originally invest
led in the stock.
"If you gentlemen will look into tn
oil business of California you will be
gin to realize that it is the creates
industry of the State and is the bes
|paying business and the safest busi
! ness. OF course, when it is undertake.
in haphazard way by men unfamilia
with the business, there is bound to b
Ia good many failures, but when tn
business is handled by men who ar
familiar with it, / don't believe ther
is anything safer or more profitable.
Those who listened to Mr.. Parr wer
, greatly impressed with his earnestnes
and sincerity and were convinced tha
he is man of sound judgment AM
wide experience. Visitors TO thi
Tunitas oil field are always greatly i'm
|, pressed by its possibilities This field
unlike some of the other fields o
California, can be easily studied, be
cause the oil formations coming to tn
surface are readily identified. TIL
High Gravity United Oil Company
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