Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-06-09

concern has been able to render to
the national cause.
There Has Been No Profitccring.
1.-The war has created "A demand
| for petrol of such an unprccedent
ed and unforeseen character that II
| has falsified all calculations. We
have devoted our very best endeav-
ors to serving the government by
assuring them Of a. constant sup
ply, of the very finest petrol the
world produces. at low prices.
may safely say that where the gov
ernment has relied on us we have
never once failed them. The greater
portion of our fleet Is engaged,
either directly or indirectly, on the
government service, and | say. with
out a moments hesitation, that so
far from having derived any finan-
cial benefis from the war, this com
pRny has suffered vey materially be-
cause we are not speculators In tom
mage. but build ships for our own
trade. owing TO the fact / have
cited. many promising ventures that
we had entered into Chelieving that
we should have tonnage at our DIS
posaD had to go neglected. From
this source alone our trade has been
crippled, for whilst chartering our
steamers to the admiralty at blue
book rates, we have had 10 pay
over four times the price for neu-
tral tonnage for our own require
ments, and even on these terms we
have not been able To obtain the
tonnage necessary to maintain our
business
Immediately after the outbreak
OF war there was a tendency to in
crease prices for petrol at once. We
did not think that there was any
necessity to do this and in spite OF
sudden demands by, buyers, influ-
onced nv manic feelinas that imports
would be interfered with, we met the
increased demand quite freely
Neither then nor At my subsequent
time have we rpiscd the price TO
the puhlic. notwithstanding that the
enormous increase I'm the cost or
transport might we'll have justified
this This company at present does
no business In kerosene in the United
Kined ON, and has therefore not been
parties to the very considerable ad-
vance In price which has been made
by tho purvevors of that article
" We should have sCorncd 10 avail
ourselves of the necessities or the
nation To attempt to make war
profits, and our business with tho
government has been conducted on
a neace price basis. We have s"dui-
ouslv ahstained. even in cases %here
II would have been possible ana lrg'-
timnte to do Il, from extracting from
them more than normal prices for
Our products We have redeemed tne
promise which ! made on your be-
half. 10 place disntorestedly and en-
tirelv M the disposal Of the govern
ment tho resources Of this company
in the whole Of the British empire
lowing TO our conservative
finance. am proud to inform YOU
that in this domain We nave pcen
able TO play our part In asSist'nEo 'ne
national cxchequer. Al the preFeut
moment Of the cash securities when
we hold. we have invested no loss
than IS 600 600 IN the national war
loan and cxCRenuer hills, ana az
though as an Industrial company IN
vestment is not our business ana IN
the ordinary course we should aim
at obtaining higher Interest. We i"'l
sure thnt YOU will endorse the policy
we have adopted in this important
matter
"Included in our G016) invest
mepts was f592,O7G rs OF four-and-
a half per cent war loan and f75S,-
7gS Gs 100 in treasury bills ] am
pleased to tell you that at the prss-
ent moment we hold 1900 600
(s12.00O,0OOl In British government
securities. 50 that you VIII realize
how largely your directors have cm-
ployed the company's resources In
aiding the financing ~ the war
"Roxana's service flag now shows
lO3 STARS This Is what our London
office had done up to June. 1915,
before service had become cOmpul-
sorry in England. l am sorry that [