El Paso herald. (El Paso, Tex.) 1901-1931, 1911-06-24
PURPOSE OF THE COMPANY
WILL BE TO ASSIST IN THE
UPBUILDfNG OF PHE
GREAT SOUTH
n WEST.

I
| Dubois, Frey & Co.. of this city, of thu
completion of the organization of this
! company with FL Paso headquarters
] This company is at the present time
operating extensively IN this city, as
we'll as in the Southwest, and FL PaSo
may be Justly proud to have such a
corporation as this located here. Mr.
/ Frey made the following authorized
announcement:
The American Exploration & HOLDING
/ Co. Of Ell Paso, Texas, has been organ
| lied to meet the growing demand for
1 the development OF the Southwest by
southwestern people. Any development
| that has taken place in this country
has been through the efforts of foreign
| capitAl, and the profits on such devel-
| opments have gone into other channels
| than the Southwest. We only need re-
| fer to any of the large industrial cor
porations located in our own city, as
well as the Southwest, to substantiate
| this fact. For instance, the Stone
| Webster Company, Of Boston, own and
| control the electric railway and light
systems of FL Paso. and the electric
railway systems Of Galveston. Houston,
Dallas, Fort Worth and the larger
cities of this southw estern country.
The principal mines of old Mexico, Arl-
iona, Texas and New Mexico, those
which are paying dividends, are con-
troled by eastern capital, and with
very few exceptions the 10 foot holes
are controlled by us.
1t will be the object of this company
to do it's share in the development Of
this country and thereby retain the
money which has formerly gone into
eastern and far western markets to our
own people. There are four distinct
branches of the business, each one i'm
portant in itself in binding together a
chain OF enterprises for this develop
ment work.
The first and perhaps most important
department of the business is the Or
ganization and Promotion Department.
In this department we will organize
and promote independent and subsi-
diary companies, and the idea worked
out in our organization makes 1t pos
sible for US to guarantee the organiza-
ton and promotion of these companies;
for instance, there will be As directors,
and this Board win be divided into five
committees of nine men each There
will be chosen one man from each COM
mittee and these five men will act as a
Governing Board. and they will govern
and manage absolutely the affairs OF
the company. In the promotion or or
ganization Of project we first give to
company. representing as it will the
best interests obtainable throughout
the Southwest. We will also have New
York City and Chicago representation
on this Board. We prepare pros
pectuses. etc. and when We finally are
in q position to sell the stock, we can
guarantee its sale in any certain stip-
ulated time. In this way we viii create
new enterprises and bring them TO this
@%rye.
of a going business with adequate
management.
Another department Is our Financial
Department In this department we
buy and sell existing bonds and create
bonds for our own enterprises acting
as Fiscal Agents in the underwriting
of bond issues for private or public
corporations, aiding by this means and
fostering the betterment Of existing en-
terprises. and through subsidiary com
panies trust company if you Ike of
this concern, making an outlet for these
bond issues and for the bond issues
which will be created in this country
BY arranging with connections in the
East we will have a steady outlet at
low rates, thereby stopping the CON-
slant flow OF western money into east
ern banks.
Our third department is the Fngi-
neering Department In this depart
ment we will construct railroads, irri-
CATION projects, haroors, dams. Munich
pal. Federal and State Improvements,
and act as contractors and construction
engineers wherever engineering skill
is needed, building by means Of bond
issues or otherwise, and with ample
capital and sufficient intelligent man
agement, and a thorough knowledge
of the business Of construction man.
aged by experts in this department, we
will never undertake a project until
We can conclude it. The railroad pro-
ieets which have been Of some interesr
20 The people Of this city the last year
or so should be completed now, and the
money u.ade in the development Of
those, roads and in their promotion
should remain in this city by all means,
and this company is amply able to COM
pete for this construction as well as
any company
Our fourth department is the Real
Estate Department. We are not land
men, but We are scientific creators Of
towns. 1t is regretaole that there
have been so many black eyes given to
this southwestern country by upscrupu-
lous real estate dealers, whose bust
ness it has been, in the past to locate
a so-called townsite on piece Of
desert land, make plue print Of it and
plat 1t off into lots and take il back
east to sell. He sells the lots a dollar
down and a dollar a month and they
are all sold out. but when one man
back in Missouri or Kansas who has
bought one of these lots comes out to
see what he has bought, he finds that
he is the owner Of a beautiful piece
Of sand and sage brush, with abso-
utely nothing on the land to assist In
It's upbuilding, and goes back to Mis-
souri, and tells his friends. They all
say "Stung" and this country receives
another black eye However, a town |
site could be located perhaps on that |
same piece of land, If there is need or /
a town there, or the natural surround |
ngs would show that a town could I
thrive. Supposing you were to cut that /
own up into lots, give them sidewalks, |
streets, water. drainage, plants and |
rees and other vegetation, you could |
sell that same TOWNSHIP for twice as !
much money as the other man, anu |
when the purchaser Of a lot came out /
% see what he had bought, he would i
ind that he had really purchased some