Arizona republican., 1919-04-11
To My Clients and the Public

careful examination into the oil situation in Texas I was particularly attracted by the fact that this field of investment presented excellent opportuni- ties for large returns to the average investor of small means as well as the large and that with proper or ganizaton and cooperation these two creative fac tors could be combined for mutual benefit and profit Statistics and the history of Buckburnett and Ranger record that the immense fortunes made dur ing the past few months in these fields were largely acquired by the small investor, although many of the well known larger concerns, such as the Stan dard Oil Co.,, the Texas, Magnolia Gulf Production Co.,, and many others have acquired extensive hold ings and are all reaping rich returns
 For considerable period, prior to my decision to embark in any venture in this widely heraded field of vast opportunity and quickly made fortunes, I sent my representatives into Texas with instructions to carefully study the situation and report on actual conditions. Although realizing that there existed wonderful opportunities for profit in oil naturally hestated in possibly jeopardizng the business repu tatlon earned and established by the brokerage house bearing my name by hurriedly entering into any transaction an oil boom situation without first exercising every facility at my command to obtain firsthand unbiased information relative to the sit uation.
 Following careful study of both the Burkburnett and Ranger oil fields, through these channels per- sonally visited these fields recently to check up re- ports given me and to pass final judgment on mat ters in general and more particularly on several properties that had been brought to my attention Before leaving Phoenix I made arrangements to have the assistance while there, of men of eXper- fence from the practical side in the oil business On my arrival in Texas met these gentlemen and, by good fortune, avenues were opened to me to secure the advice and assistance of of the officers of large oil producing companies as well as bankers in the district who were familiar with the development and the entire situation Working upon these lines 1 secured options on some very valuable drilling sites and leases in the Burkburnett field These sites are all located in proven territory. Two of them surrounded by large producers and the finding of oil upon these locations is much of certainty as any human affair can well be. Upon one of these locations work has already been commenced for the erection of a derrick and installation of storage tanks In fact, work has progressed far that the field superintendent of the company which we are going to take over, and which the three sites
 mentioned assures us that he can be the oil sand by May 9th at the latest This particular location is within 480 feet of 800 barrel flowing we'll and is surrounded on all sides by producing wells of about 800 barrels daily capacity. The Mo- location of this company has been practically proven by three wells which have in on the block adjoining 1t within the past four days The No. location is now being proven by actual drilling of two other com panies on the same block of land
 also secured firm option on leases covering 5000 acres of land in Montague and Wise Counties the ground covered by these leases being checker boarded all through the district which the geoo- gsts indicate as being in the Pennsylvania forma- tion. Going farther South to Ranger was enabled by what was to me fortunate combination of cir cumStanceS-to secure upon most favorable terms the Hall lease at Olden. This leaseis situated about one mile from the famous Norwood we'll which came in on March 4th 1919, with 35,0O0 barrels per day and is now producing about 15,000 barrels daily. South from the Norwood toward the Hall lease is the Connolly well which came in the day was there