The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1916-03-10
CLEAVER RESIGNS
AS FISCAL AGENT
E. c. Cleaver Leaves Glasgow Oil
and Gas Company.

Glasgow Oil and Gas company was
held at their offices on Saturday
evening, at which time some changes
were made in the persenel of the or
ganization.
There has been more work in the
disposal of the development stock
than was anticipated, and Mr.. E. C.
Cleaver found it necessary to sur
render his connection as fiscal agent
of the Glasgow Oil and Gas company
in order that he might devote more
of his time to the Plentywood pros
pect. Too much depends upon the ac- !,
tivities of the fiscal agent at both
Glasgow and Plentywood, placing Mr..
Cleaver in the position of having to
spend a great deal Of time travelling
back and forth between the two cities.
As the Plentywood company was his
original prospectus he felt himself
obligated to continue the work of
floating that installation, and for
that reason rendered his resignation
as fiscal agent Of the Glasgow COM
pany. r@.h
| Mr.. Cleaver arrived in. Glasgow, to
promote the LEGAL company early in
December. It was organized and re-
ceived it's charter on December 13,
1915. The board of directors, con-
sisting of five local men, are DR.. A.
N. Smith, president; J. l.. Truscott,
vice president; DR.. Mark d. Hoyt and
e. D. Coleman, directors, and S. c.
Moore, secretary-treasurer have had
the handling of the company's affairs
from the first and have looked af-
ter the interests of the investors
with studious care.
Up to the present time there has
been close to 5000 shares of stock
subscribed for and within a short
time it is expected contract will be
signed for drilling. Under the pres
ent plans, it is expected several very
promising sites for sinking wells will
be prospected The geological re-
port, already submitted, indicates
possibility of a heavy strike of gas
or oil at an approximate depth of
1000 feet.
The company plans upon having
another geologist make survey of
the district as soon as weather condi-
tions will permit, and should the next
report be as promising as the first
one, local people may feel no sur
prise if flow is struck when actual
drilling is started.
All stock subscriptions will be
called at once and when these are
paid up, the company will select a
responsible driller and enter into a
contract for the drilling of one we'll
and possibly more. There are five
different locations from which to Sc
lect for the putting down of the first
hole.
The company will put stock on the
market to provide sufficient funds to
!. sink the first well. Should it be IL
producer there will be no trouble Sc
curing financial support for more
holes. 1t is gambling chance for
all who purchase stock, yet for the
good of the city every citizen can af-
ford to assist in developing the
prospect. Should oil or gas exist
here in commercial quantities, it will
; be valuable investment not only
for the stockholders but for the en-
tire county. If no flow is struck, the
satisfaction of knowing there is no
oil or gas will be worth all its costs.
This is not wild cat scheme, but
, prospect for the interests of Glas-
cow. 1t is a business proposition fos-
tered by local men who win protect
, the interests of all who become inter-
, ested in the development of the
work. = =
A. q