El Paso herald. (El Paso, Tex.) 1901-1931, 1919-11-15
To the Stockholders Of the
Pullman Oil & Refining
Company

wind Of oil boom excitement and some of you
have even gone so far as to criteise the manage
ment of this company for being too conservative
and not willing to take a chance. With a view
to clearing up any misunderstanding that may
have arisen as to our policy III tins respect, we
wish to acknowledge that We are merely human
and Ike nothing better than to take chance
with our own private funds occasionally, but
when it comes to taking chances with other PEG
pie S money 5hat has been intrusted to US for in
vestment you may once and for all time count us
out 1t dQesn't take very game sport to gamble
on other peoples money.
Now as to the progress the company has been
making we are pleased to give out the following
statements which are plain facts and need no ex-
aggeration to commend them:
l. We have over 1000 stockholders, inelud-
ing residents IN every State In the Union and 81
foreign cities
. We have two producing wells IN the Des-
demOna field, yielding an average net profit Of
100000 per day, alone capable Of paying over
900 per annIm dividends on present outstand-
ing stock.
g. We have third well drilling at 1000 feet,
Just 200 yards solsh Of the Comanche Home vel.
Our fourth well, 100 yards north Of vel No. .,
has Just spudded IN. Both Of these wells are In
the heart Of the Desdemona field and we get
18th of all the oil that may be produced by them
4 The company Owls over S300OO000
worth Of leases in the North Central Texas fields
including 81 acres In the heart of the Desdemona
field, with production on all sides. Also S100-
O0000 worth Of drilling equipment boilers,
pumps, casing. rigs, steel storage tanks, autos,
trucks and Office equipment
s. The officers Of the company have lust
closed a contract with the WYATT Metal & Boiler
Manufacturing Company of Dallas Texas for
the construction Of a $500 barrel refinery at Dub
I'm. Texas. Under the terms of this contract the
refinery must be completed and in operation
within six months from Nov. TO- 1919 Tt VIII be
built entirely Of steel and concrete and when com
pleted VIII be the best and most perfectly
equipped refinery Of its size in the State Of
Texas.
6. Best of ALL we have built up "a i've Young
organization of experienced and efficient oil men
who have come to us from older companies In or
der to take advantage Of quick promotion which
is open to them if they make good. H. Newth.
our Vlee-presldent and general manager, has had
IA years experience IN every known phase of the
oil business. Charles Flint, production manager.
recently came to us from the Standard OIL Co of
West Virginia, where he had charge Of something
like % wells. Our refinery superintendent.
whose name cannot be disclosed until he has per
manently lsevered his relations with the Stand
ard Oil Co, is one Of the best refinery men in
this country.
incidentally it may be remarked that our
general manager and secretary and treasurer
are now in Homer, La, for the purpose of closing
deal Tor some valuable, close-in acreage IN that
field.
Finally, let us say that while It viii not af-
feet the company in the slightest you VIII make
the mistake of your life if you sell any of vour
Pullman stock at any price now There is no
promotion stock in this company to unload. so
we do not anticipate any suspicion as to our mo
tives for giving this advice.
Our stock has never been listed on any oil
exchange and VIII not be until our refinery is
completed and the normal earning capacity Of
the stock gives it substantial value
Yours very truly,
Pullman Oil & Refining