Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1919-12-02
SOUTHERN OIL FIELDS
Chas. f. zahn, Now Manager of the
@Texas OH Investment Co.,

Chas, E. Zahn formerly of this city
and for many years with the Pilot
lofhce, is now manager of the Texas
Oil Investment Company" with office.
at 111R n. Oregon street, Ell Paso
Texas. The Pilot takes the followins
from a letter written to its proprietor
without Mr.. Zahn's permission. be.
caus it is an interesting statement OF
oil conditions in Texas:
You, of course, are aware that there
is great excitement in Texas and
Louisiana over oil and that the un.
scrupulous promoter is always on the
| lookout for just such opportunities al
such a boom as this offers.
1t is exceedingly difficult to live in
the midst of thing of this nature
| without becoming a part of it. Oil
is fascinating thing and certainly of.
fers wonderful chances both for loss
and gain. | know of no other legitim-
ate game where one can lose so quick
| ly On the other hand men have been
made millionaires over night. These
OF course, were those who for years
have been only $500 to $500 feet above
1t and didn't know it.
Well, | at last have fallen into the
great oil pool and am performing or
trying to, at least, e. little service for
the investor in the Louisiana and Texas
fields. By this l Go not mean that /
have become guardian nor vet a
guardian angel for fools who rush in
where angels fear to tread, but that
l Will gladly help to steer the oil in
vestor out of the clutches of the oil
/
nothing to sell but stock. Usually.
when that is sold their cares are over
and they promote another company,
While the stock holder waits for divi-
dends that will never come.
With all the care possible to take
find that occasionally we encounter
promoter SO sharp that he almost
gets by but there is usually some one
who gets him. There are also brokers
here who have no scruples and will
take on anything that offers a COM
mission. And always the greater the
swindle the gYeater the commission
given the broker. When you get a
bargain in an oil stock it is a mighty
good policy to let the other fellow
have it if he must. We have been Of
rered the stocks of several companies
that must be suena'ng az much rs 75%,
Tor promotion. You can readily see
where the stockholder comes in and
what there is left, when the time
comes to drill If in fact they have any
serious intention of drilling.
The country has been thoroughly
circularized by oil companies and
brokers' who have all manner of oil
| STOCKS for sale. Wisconsin has not
Deen spared | am sure. Every pos
slble means has been employed to get
the money of the careless investor.
| Now, | have been in the oil fields
and have looked over things and
learned little of the game. Curl
osity first took me there and after
that came real interest and a desire
to know what there was to know.
| / hope that those who are thinking
OF investing in oil stock will first in
| qulre into the merits of the company
thoroughly. If they have reliable
broker in the oil field consult him.
Ii there are any means of investigat-
ing the concern they may be interest
ed IN let them investigate to the limit.
Many of these companies Offering
stock should be put out of business
entirely. They haven't thing to of
fer but stock. The investor hasn't a
chance to begin with. believe that
can, after fashion, help pick the
companies that are properly capital
lied, have good holdings, and that are
managed by men who know the oil
business and are trying to give the
lstockholder an opportunity to make q
good rate of interest on his money.
We are recommending only com
panles that we are thoroughly fam.
iliar with and which are operated b,
people who, have done things in the
past.
| say this for the reason that some
people will buy stocks and that bejne
the case We are in business to helr
them buy the best stocks that are
Ioffered.
am offering no Wausau people OF
stock, my purpose in getting into the
game being first of all to steer OIL
clientele out OF the clutches of con.
Germs whose only purpose is to rol
them. II they must have oil stocks W,
endeavor to help them buy from com
panies that have done things.
Ell Paso people have been very for
4 80 fAA = III tic Oli game a lev
citizens who have made good. and ar,
keeping faith with their friends.
Will mention just what they have done
Tne Observation-Disclosures interest
are manned by the three men named
j. A ID. Smith is an oil man of SOM
hfteen years experience, Wilson c
Porterfield is lawyer who has ha,
wonderful success. while W. c. Res
Is a man who has been connected wit
the Refining end of the business.
In March of this year when the in
terest at Ranger and Burkburnett wa
beginning to wax warm they pur
chased> some acreage in the Range
Field. The entire tract amounted 4
ten acres and then followed the organ
izing OF the Ocean Oil and Refnin,
company with 9. capitalization of 5000
90. A selling campaign was organ
ized and In twenty one days the stoc1
was oversubscribed more than so 90
shares. Immediately drilling was be
gun and after some considerable tim
tne driiiers finally hit the oil sand an
ocean had well. Up to this point
nave reclted the history OF many oi
companies And right at this point i
where Ocean management did the thin
that was expeeted--they gave out III
statement to all stockholders as to jus
what had been done with all money
received and declared that on Novem
Der ), dividend of 100et would b
paid all stockholders of record as q
october 18th That dividend has bee
paid Another. it is rumored. will b
paid before the end ot the year. Tw
more wells have been spudded in an
are on the way down.
The same people acquired anothe