The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1910-08-30
To Stockholders of Providence Oil and Gas Co.


door.
He says he gave me 1900 shares of his own
stock would be very grateful to him for this,
but for the following of facts: 1 refused
point blank to take for $4,000 shares that 1 held
in the old Providence Company 1900 shares of
stock in the new Providence Company. 1 told
Dr. Grove, and he said why. you know that
you and l have agreement between to go
half and half all down the line in oil and gas
business" said YES l remember it quite
WE'LL but was afraid you might forgotten it,"
The understanding thereupon that 1 would
put in my 1900 and he his 10000 Whereabouts,
and we would divide equally between us, which
would give us over 10000 shares each. Shortly
after that l asked him to transfer the proper
balance to me, and he told that he had de-
cided to keep 1t in his own name, as he might
have use 1t to raise funds to run the Eureka
business provided I would consent to his
ing it, protested very gently against such
use of my stock, particularly in view of the fact
that men worth millions In Eureka Company
were subject to assessment in large sums to
continue the work of said Company; whereas, l
had nothing in the world except my stock and
salary and interest in land contracts; and par
ticularly in view of the fact that he believed
himself, as he assured me- that the stock would
be worth par in less than sixty days, but I agreed
to 1t. AT the same time he told he had al
ready given away 10000 shares of the stock
one party, and other shares to other parties, whom
don't recall gratis consented to that.
When got into town, Mr.. Davidson and Colonel
Falls in the course of a conversation bearing
the point of how much stock Dr. Grove had. each
told me that in their opinion, though they didn't
know positively, DR.. Grove had given away most
of his stock. After hearing this, went to DR..
Grove and o tenderness for him told him
just to give me 1900 shares of his stock and L
would release him from the rest and he. with
a1acrity accepted the proposition Now then. who
gave who" MY individual stock?
My friend Dr. Grove eloquent and,
despite his characteristic modesty for the sake,
as he sees it, presume of historical truth pleads
guilty that he did 1t all. In fact, he speaks of
He who drilled the rock and the cheapest
fuel on earth to gush forth in inexhaustible
quantities." If anybody else was entitled to a
by inquiry of all the people who live in and
aTonnd Fayette and Of Mr. crockard Vice
Coal Iron Railroad Company
the &f%ts sh Dsn wrs
allow him to have i his way not get from him
enough to keep from going into bankruptcy, and
9
Se pb at ha
aH eSsa 20 or aSsn
paid m by the. the Consumers Natural Gas Company.
NE asks snee
aass ssys made DE
at because the fate Of the
syn e rs S'I slae s0,s eEn 1lS@
AND hope f t number myself and in
TSs {. the sgs
sr12s ss 'h like sss ali 5 them sss
for Of his sh 5000 of % a at m
the the me Of tine naRs 5s
ar h S slGH e the .y
w this sas a m *
Wells does Dr. coMe e
Win e ha or down t s tuscaloosa county and we
eide which Of offers the better lands s'n'n De
in s s' sSe%
IN Pr o ~ yo able article aforesaid he asks
Of the V n sa to 81
judg%ent; because other responsible Company my
binding Contract on to Re
ana fa you wers let % sn tRe
Sse'f of oa ns c %a es did sgs not t.
knew and sim know people who Viii build it.
stock in hes in 'u oOnsiders H%n Of
: t f
sSSst ss% NJ @
party Though believe that he was iaboring a un
the the pop Of f
Ss.f the oonpsay. giving them 'f the
b. c s: pssssSaIy qSsSsi
that the same propostion made by you to
Fayette parties Now, the basis which 1 would
be willing to go in with you into pipe line com
dence Company. of which the President
and Director, and of any other companies but
holdings.
You ask: Did l not for several months pay
you salary of 5000 per month to keep logs of
the wells while they were being drilled?' Stated
that way l answer, No. You not only paid me
FOR keeping the logs of the wells but for locating
well that made you rich or should have done So
and put the Providence Oil & Gas Company on the
map Of the world You ask If paid a dol
lar OF my own when the Company was in distress
because mere stakeholder like anybody
else; In the category with the rest and If
devoved on none of them to pay their Individual
money for Providence work, but 1 will say one
No 8. offered the patient drller in charge to go
half in the purchase of fine suit of Rclothes for
him In the event he succeeded in bringing it In
which he did; whereupon, did I promised
pany. You ask: did you do a DAYS work
for them that you not paid for at the rate
CT 100000 per month";" Yes, sir; many a dav
/ often visited the wells, often gave good service
ling No too deep. told Mr.. Osborne not to
drill deeper as he would probably go into salt
water and ruin the well and possibly injure the
field, and he was so impressed himself that wav
to go. on. which he did, and struck. as predicted
the aforesaid salt water. I have constantly been
among the drillers telling them their pay was
secure In the long run, and urging them with all
when they were abusing you. as they claimed
for broken promises. to the very limit.
! Will say In conclusion to the stockholders
that proposition is clear cut. 1t was stated
me should vote that way, and those wbo dont
should not. That is the long and short Of n