The Pascagoula chronicle. (Pascagoula, Miss.) 1905-1920, 1919-07-19
GETTING READY
FOR BUSINESS
Seaco cast OIL Co. Effects Permanent
Observation-Disclosures Elected
President.


The charter of the local oil company
having been approved by the governor
and secretary of state, meeting Oh
the organizers was held Wednesday
afternoon at the office of Mr.. T. IT,
Hibbler and permanent organization
effected. On account of there being
another Mississippi Oil and Gas CO.
in the safe, the name was changed to
Seacoast Oil Co.
The officers and directors are as
follows:
PRESIDENT. ]. Mcintosh, president
of Mcintosh Lumber Co.. Moss Point,
Miss.
| e-Presidents-A. f. Dantzler,
president of Dantzler Lumber Co.,
Moss Point, Miss. II. Piaggio, presi-
dent of International Shipbuilding
Co. Pascagoula, Miss; H. S. Weston,
president Of the Weston Lumber Co.,
Logtown Miss, A. l.. Staples, pref7
dent of Peoples Bank, Noble, Ala.
Treasurer. R. Watts, agent l.. 4
N. Ry. and director of Pascagoula
National Bank, Pascagoula, MISS.
Secretary-T. G. Hibbler, attorney
atlaw Pascagoula, Miss.
Directors-All the officers named
above and in addition thereto the fol-
lowing: H. c. Herring, president of
Pascagoula National Bank, Moss
Point, Miss; Hanun Gardner, a lead
ing attorney of GulfpOrt, Miss; Claude
Delmas, ship owner, Pascagoula Miss;
Barney Eaton attorney G. & S. |. Ry.,
Gulfport, Miss; E. j. Ford, a leading
attorney of Pascagoula, Miss; E. b
Martin, president of Scranton Shingle
Co. and Martin Veneer Co, Pascagoula,
Miss; M. p. BOuslog, manager Louis
lana Abstract e. Title Co., New
Orleans, La; f. II. Lewis, mayor,
Pascagoula, Miss; w ]. Lindinger,
president Merchants & Marine Bank,
Pascagoula, Miss; Arthur Allen, supt
government Shipyard, Pascagoua,
Miss; F. l.. Clinton lumber merchant
and shipowner
As will be seen above, the officers
and directors of the company are
among the best known and most
substantial business men of South
They are putting their
'wn money into an honest and sincere
Effort to develop the oil possibilities d
If this section. That oil exists here
s the concensus of opinion among a
arge number of biologists and oil ex- 3
'erts of the country. In an effort to
ind it the company proposes to raise t
he sum of 100000 for the purpose of
utting down at least three wells, the II
ocation of which will be left to the d
ecision of the best expert advice OBJ +
ainable. Leases will be obtained on
OF less than 1000 acres of land in
elected localities. d
At the initial meeting of the promo II
7rs of the enterprise about $4,000 r.
as subscribed. The remainder of the ii
honey will be secured by sale of "
mares at the par value of $50 each ~
he actual drilling operations will be
nder the direction of an experienced
FILLER, whose knowledge and integrity
ust be Thoroughly established before II
2 is employed III
The company makes no extravagant :,
'omises, nor will it employ any of
e usual oil stock-selling dope. What
ey promise is an honest and intel
gent effort to find oil in paying guam re-
les, If such exists. If the oil is found Il;
oh stakeholder will profit pro rata as tn
the number of shares owned. If 70
1t found, all will loose alike. -
The Chronicle, in full accord with u
out 80 per cent of local opinion. be-
ives that oil is here. With the type
business men behind the company
W organized, we think there is at
ist an equal chance of its being
ind. And just think what it means
the South Mississippi if a great or
Id should be developed here. We al
'uld be the last to advise anyone to {
dollar that was needed for some
ng else into a proposition of this
3D. but we have no doubt that there
enough people with sporting ms. -
cts in South Mississippi to make II
raising of the necessary funds a n
nparatively easy matter. X