El Paso herald. (El Paso, Tex.) 1901-1931, 1919-04-09
MARTIN OIL Co.
ONE WITH FUTURE
Local Office Is Selling Stock
On Merits; Comp any
Headed BY Oil Men.

Perhaps the most prominent OF thu
newer oil companies which are going
in the oil business in earnest is the
Martin oil Company. whose holdings
consist Of more than one thousand
acres situated in every proven field
in the state.
Already the Martin company are
drilling wells in the Burkburnett
wonder pool" and in the celebrated
Ranger field. At Burkburnett the
company is nearly down to the sand
and at Ranger they are drilling al
about three hundred feet Locations
have been selected for drilling three
more WellS and machinery IS being
shipped 10 these locations now.
This remarkable enterprise, which
IS patterned after the successful Mag
nolla company, have laid their plans
carefully and give promise Of be-
coming very important rival Of the
older concern-born during the famous
SpindletoD boom.
The Martin oil Company also boasts
OF some Of the most famous oil me-.
N the country as their officers anf
directors Howard A Martin. the gen
eral manager, is known in the OH
world as Vel, or perhaps, better. than
any man in the Texas field He ha-
been connected with some OF tha
largest producing companies in the
world and is familiar with ever
field in the country. John Daver-
port, Of Wichita Falls. Texas. is the
president. Mr.. Davenport IS a recog-
nlzed authority on oil laws and hl
name is known wherever oil is pro-
duced- At present he IS county at
torney Of Wichita county. Another
man. Of no little prominence is the
vice munEHHn~r o.
Texas Besides being an extensive
oil operator. Mr. Gray is also heavily,
interested in land and is the owne-
OF some OF the biggest ranches in the
west
Brokers find that with such men as
these at the head Of the company. it
Is an easy matter TO interest the in-
weston Tor they point out, that people
are learning the necessity Of havln--
experienced men handle the affairs Of
an oil company. The brokers are also
finding that the investors are de-
handing that the company show
proof that they are in the business To-
stay-that the- have established
themselves on a sound basis and arc
capitalized for enough to protect thei-
interests and to avail themselves OF
any unusual circumstances that might
arise.
The Martin company have Incor-
pOrateu m lhei- other many feature
these two things: Since their o.
ganization they have acquired severll
hundred acres Of PROVEN leases AM
are considering additional holdings ain
the time without any cost to stock
holders Among the many PROPOSE
tons placed before the board Of d.
rectors are from several Of the small
companies who have been unable 20
complete their development and are
trying 20 save what is possible fcI
their shareholders
Seventy-five percent OF all profits
are TO be paid In dividends 10 stock
percent 10 go FOR further develop
ment and leases This is attracting
much favorable comment among in
vestors.
Manager Martin has perfected a
plan Of easy Observation-Disclosures
that many people who are entitled 20
a share OF the enormous wealth being
produced in Texas oil, are not able TO
pay for their stock. and are therefore
being overlooked by circumstance.
This plan makes il possible for every
one TO share in Natures gift-and az
the same time it does not hinder the
progress Of the company.
b. F. Peters, who is associated with
his father. D. l. Peters. as fiscal
agents Of the company, is manager Oh
the southwestern office, 204 Texas
street, FL Paso- Mr. Peters is one OF
the best posted men in the oil bust
ness today-haviug spent several
years in the field as an appraiser
HIS father is an extensive oil oner-
ator and besides being heavily inter
ested in the Martin company, is the
owner OF several hundred acres OF
leases In the various oil fields and
was one Of the organizers and Is the
organizer Of the following big com
panies. Mexican-Gulf Co. Majestic
Oh Co, Crown OIL Co, Queen Oil Co. I
all Of New York
Many people Of the southwest are
purchasing stock in this company and
the local offices Of the Martin COM /
pany are beyond a doubt one Of the !
busiest places in the city. They have {
large office force who are constant I
~ answering inquiries concerning the /
company and mailing out stock certif- 4
icates- Those who care to visit the 1
office have the plans Of the company
explained by Manager Peters him
self A few minutes converse tfon
with M Peters is well worth a visit
TO the Martin OH Company.-Adv.