Bisbee daily review., 1919-04-13
FL PASO, NEW MEXICO
 AND ARIZONA MEN TO
 LAUNCH OIL COMP ANY
Prominent Business Associat- ed With $2,000,000 De
 velopment Concern

With the capitalization of S2,0O0- 900 to be raised through the issuance of 2,O0O,OOO shares with a par value of S1 each the organization of the Southwestern Oil Development com pany is now being launched by Fl Paso. New Mexico and Arizona 5uss- ness men.
 The purposes of this company will be when the organization has been perfected to mine for, produce, manu- fracture. refine and deal in petroleum, refined oil, gasoline and all other products of crude petroleum, and to market and sell same; to produce and acquire the crude oil necessary there for, and to construct or otherwise ac- quire. operate and maintain all plants, refineries, structures, machinery. equipment and other things necessary and vital to that end.
 No Promotion Stock
 The complete plans for the organ iZation of this company have not yet been worked out, but one of the main features will be prohibition of the issu- ance of promotion stock or any other remuneration to any persons or stock holders connected with the company.
 It has also been definitely decided that all lands to be purchased for development shall have the unqualI- fled endorsement of the directors and in every instance the scientific advice of a geologist will be sought. thus eliminating the possibility of the lands being turned into the company at in- Hated values.
 For the purpose of selecting lands in the producing areas in the proven oil district a preliminary movement pur- suant to the complete formation of the company will be to send a delegation of responsible and well informed men into the oil district to select lands that will insure production. With that end in view the following prominent busi- ness men representing Arizona, New Mexico and Fl Paso will leave Sunday morning to make a complete compre- hensive survey of the proven oil dis trict. Ralph Zeisner, Arthur Notman, E. NJ. Sawyer, Tyrone, New Mexico; J. c. Efromson, Tyrone, New Mexico; T. H. Wiggins, Tyrone, New Mexico: w. D. Murray, Silver City, New Mex ico; W. s. Crombie, Fl Paso, Texas; J. J. Munday, Fl Paso, Texas, and Rex Rice of Douglas, Arizona. The results of this investigation and further in- formation relative to the perfection and organization of the company will be made known as soon as these men report their findings.
 Other Prominent Men
 Other prominent men associated with the company include:
 l.. R. Budrow, w. H. Webster, H. B. Rice, Robert Rae, H. NJ Gallagher, Wm Gmahling, J. s. Williams, jT., Rex Rice, Douglas, Ariz.; Arthur NOtman, w. A. Meyer, M E. Cassidy, John Sanders, J. s. Casey, R. A. Zeismer. Franklin w Smith, Clifford Mathews, Dr. c. H. Hunt, Robert Sasse, Bisbee, Ariz.; E. NJ Sawyer, R. J. Hutchins, J. all, Joe Medinger, Mangus Pherson C. Efromson, J. c. Tall, John McDoug- s. E. oBmar, Geo. Finlayson, L. L. Miner, D. G. Miller, H. C. McElvane, J. E. Byrn, R. H. M. Ferguson, Tyrone, New Mexico; T. L. Lowe, W. D. Mur- ray, Silver City, New Mexico; w. F. Ritter, LOrdsburg, New Mexico; J. J. Mundy, T. D. Love, w. s. CrOmbie, Crawford Harvie, J. W. Barker, Ed M. Whitaker, E. P. Lerner, Fl Paso, Tex