The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1917-03-15
FORM OIL COMPANY
I'll. S. Montgomery Will Go Down 5000
Feet in Highland Park.

Failure of Topeka people to con-
tribute sufficiently to put down the
proposed test well in highland Park
has brought the alternative into oper-
alton. II. 5. Montgomery, who holds
the lease upon the Flanders eighty
and who has already drilled four shall
low wells upon it. isn't quitting. A
company Will be formed and we'll
will be put down. to 5000 feet if nee
essary. to determine whether or not
there is oil or gas under Topeka.
The organization will be the Topeka
Oil, Coal x Gas Company and the pro-
posed capital is $4,000. A tenn
porary organization has been formed
Tor the purpose of raising the rneces-
sary morey. After that has been done
the real company will be organized
The temporary officers are: 6. a.
HARLAN, president; 4. l.. Copeland,
treasurer. and Phillip Eastman, secre-
tary. Those who subscribed to the
municipal fund, which did not grow
sufficiently 10 put down the we'll, will
have their money refunded, or they
will have the opportunity of leaving
1t in the company forming.
Shares in the new company will be
81 each and will be non assessa BILE.
No money will be used for promo
ton. nore IF the Temporary officers
will receive salaries and only enough
shares will be sold at the present time
to pay the ual expenses in drilling
a 3,O0O-foot =. ell
Fred Scamell is looking after the
placing of stock. He is the authorized
representative Of the new company
IF" said Mir. Montgomery. I'VE
strike a rich product OF any nature
We would soon have plenty of money
TO 100 for a big plant, and besides
have d melon to cut amcng the peo-
pie who are in the venture. We would
have not agents to pay for selling
n. n .nf G1- a =
quickly as enough was subscribed TO
bore FIRST hole, no more would be Of
fered or sold until we had reached the
goal we seek. Then should we find
good fortune, we would sell enough
stock to operate our find. The sub
scribers might find themselves sud
denly rich. The man who had put in
S1O0 would take down $1,000 IN stock
worth par $40 per share, but at I
premium on the market, nearer $40.
600. The man who had clipped in
$500 would laugh at broker offering
$4,000 for his holdings. Results
more than five times the profits illus
traJed are in actual evidence within
500 miles of Topeka. Originally they
had no more prospects than we have,
they had to chance the investment,
they had to sink the first hole to OBJ
tain the assets"
Mr.. Montgomery believes there are
plenty of men in Topeka and the state
of Kansas, who will be willing to
chance enough money to drill the first
hole.
Topeka people are interested in
this move said Mr.. Montgomery,
cannot help being interested as it is
of vital Importance to every citizen.
It is possible to make the city the
greatest manufacturing center in the
west. 1t is possible to heat and light
the homes with gas taken from under
our feet 1t is possible to pave the
streets with home asphaltum. It is
possible to build our homes and bust
ness blocks with Topeka marble. 1t is
possible 10 furnish cement for all pur-
poses from the deposits beneath US.
Providence has placed these posi-
bilities at our very finger tips, but we
must dig for them, bore for them, like
the achievement of any other big sue
cess"