The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-09-21
THE STORY OF A SMALL OIL
COMPANY.
When II Had Accumulated S485,O00
the Government Slapped a Tax Of
s4s3,oOO On 1t, on the Principle That
"We've Got TO Have the Money"

TO THE ENRON OF T,.p s,S--s;r. Al o,,t
three wars mo 7 and .ono aasoc,a,es
tbouoh, u,a r,o,,a h,y. n try nj ,bs
oil game. Wa oouId not On against the
big operators. so we did what the little
fel,ows must nerforce do. IVA wen,
"wildoattinp" We cot .ome Ieases in
territory miles awav fror, deve,onrent
ground that had reallv beep part,a,,y
condemned. But we concluded To have
n try at IT. We estimatsd that n would
cost SIG. 600 TO nut down n well
We organized with 400 nm r, n,ta, and
want IN work Wa m, n sm,,, v,s,, NOT
enoupb IN nav I'm, enouvb IN epcoura "a
liz The VOL, co.t seA ooo--nora than
our can,,a,--h,t VIC cbinnod in IN. Az
ference IN finish 4, out wber Oh. we'll
uas connlated our nopay wa. vone To
raise mora ue sold the Isass wbere the
we,, wa, for seo nm ora s,er,ad M
other wall Al tho ord n, tb~ae wears
wa had deve,opsd , band.oma nronertv
hos,das onon,nr nm n.rv na,a ,ha, ia
now ,roduc,ng bundrsd. ~ thousands
~ h,rrs,s ~ iii W. Ala 40, h.,. .a.v
vo,n, A, o,a tim. NC ,yora in deht
go ,,o h,naros ,.,,,..,a ao,,ar.
~. b,6 d;.oourovorap,s ora d;.an-
noi,,r,on,s ~, ,,a .,,,o,, n, - ana
ar.,,,, ,,o, 80,
Wv ,o,, ,.aa ,,,,,,, ,,., 81. ,r,n.
! .r,,, ,,,,,u, anaud 90. ~, "a raturr
/ o., ,., ,,,,o 49,. 800, -, ,a .uon
| .oord ,o,a.t ,or,,,o,ono,, yyhioh
.h. ,,r.nau,,, ,,,as IL .n.hI. -, do,ra
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,,a,.aa ,he ,o, -, ,Lo ,,.,,a, rosr,t
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! ~, III 49,. .,,,,, 49, .,rorar,,
hooa,,o .raS,,o,,,.a osa,, ~, ,,,ra ,he
va s,a,,ad ,hat 10 about ,sar ooo
w. ,.,a,,, az, ,,,o,,,, 80, ., ,o,, u.r
,,o., M. Al, ~, -, 49,. ,,'oh w.
noid M d,,,dends ord M SALARIES mt.
,,na al 49,. ,,,ono,, g., ,,. h,r,, and
,r.,,,rn ,o 20 ,,., ma ,,.o,,,a ha,o IN
M. WI, ,,o ,,xos hooor,o a,,o ,bis
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| ~, 49, -. .oa 80 .,a Ave,
So ,ho r,o,,orno,, nrono,od "a ,aLe
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W. ro,o,,ad ,,t, ON, cot r.duc,iop
$1,000 n,,. ,.t. =, ~. ,,,o ,,,ho,a
go. W. Al not d.ra e. torc, the
,,,o ooo ,ooa,,,n ,,,. ,naor,,ara ,be
Ca,,a.o,,, t., o,,,, .,ronaar ,hor
49,. and raxt vaar u. 40 not rnow
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I,, ,o,.. .,..,a.as
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,..n 80. ~. -, L. MO
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| 49,. -. ,,,o,ta e., ,,. ~. Ok
49,, a., =, 400, I'M horr.,s ~
-, - 49,. -, 81: ..,,,ra h., -. tho
C,,,,, -. .,nh,,. horrs,s Ont
-, .,' .,,,.oa ,orra,. -, orr ,ower.
o., roi,r,h, 4, .ak., ,,o,.v-svn bar.
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,,,a,,.,n o o,,,. natnhhor ,.a nav ,bres
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oro .a,,,i,s NJ orca Tho, n i. all wrong
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g., u,,ar,,,,iro -. ,his pird .Ue,v. co,
~. rha x.tsor .ays
A.. Ii, IT,, H.. Not. tho .,rows
-, n-,o,,,,,, wv ora ,,,.r :, under.
-, =, u-os,tro,on 10, ordsrs cons
- 49, ,,,..,.,,.'. t,onor,,,a,t o,d IN.
.t... T., ,hhor .,o,,n
a., American am for tho wa,
- 49,, ,t,oo ,o,, orr cou,
a. W. ava oo,i,, ir
.,. M. h,,. VIC,
,,,s. -, ,o,,o s,naachas
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g. ,or,, ,ha ,,.r p,,, what nv,
A. oho,,, on, rro,ex,yo Th.
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800. 4, 4, -, cha .r,iro nrop
VII. ohi,o, 20 L. ha,,, d,s
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80. ,,,,o,-i,,,i.,, T., ~. ,ac
: 49,, .o,t,,I ,oio,ho, Vim or,,
mot ou' 49, -. -. ro,, o. no.
z .,tIo ,a T., ,ha saro lin,
=. ,s,,.t.,o., ,,a,. On NOR ,.r, our pe,eh
: bor oo, aour;oh uh;ls We ore destroye d
, =. ,.ar,i,,o 60 80 l.. bo,n.u
, ,,.a,. -, o,har .n,ou onara
c T., ,,,-,,,. roo,,c.h,. N cog
,,.,.a,,no ,,,, nm n dots thar
~ , ,a - aorra,,,or Ava IVA all 90
= 49, - ~ ,orcad into tho hands Of TN
5 49,, .Ioao 7, {. M or.vsr 70 ga,
c,,au.n, ,,rs, bave IN
Tue, as n,uch rayenus can h