The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1920-03-26
Fidelity Oil Company Growing

nation of the Fidelity Oll Company
have been very gratifying to the in
corporators since this interest is an
indication of confidence in those who
are promoting the Company. To offer
stock to the public is a new exper-
fence to most of the men in this COM
pany and this course was adopted only
after mature elaboration and discus
sion Not one of these men wants to
be connected with any company that
does not make money for its stock
holders and they realized that every
new business enterprise, however care
fully managed, is liable to fail and on
the other hand, they know that mil
lions upon millions of dollars are be-
ing made in Texas out of oil and that
in practically every state in the Union
groups of business men have formed
oil companies that are distributing
wealth to their stockholders. They
know that while often the business
men who have had a good thing have
selfshly kept it to themselves, the
general rule has been to give the small
investor a chance to share in the en-
terprises. There are many in our
community who have longed for a
good opportunity to invest in oil and
not a few have been tempted to go
into companies that they knew moth
ing about and whose promoters were
of doubtful integrity. The Fidelity
offers an opportunity to those who
wish to speculate in moderate way
in a company run by people they know
where they are assured of honest
treatment.
Some of the incorporators of the
Fidelity were loath to sell any stock
to the public because they felt that
in the event of not striking oil they
would not want "the public" to suffer !;
that they knew the kind of an enter
prise the oil business is, while some
might not. Others took the view that
if the proposition is as good as it is
thought to be, that they ought to let
those of their neighbors who wish to
invest in oil have the chance; that
the more who join in, the more wells
can be drilled and the greater the
chances of striking oil, and that in
the event of striking oil, they could
we'll afford to share it with their
neighbors, as there would be plenty
to go around.
One 100 bbl well will produce oil,
worth $4,000 every twenty-four hours
or S127,750 in one year, which would
be more than IL per cent on the FL
delity's entire authorized capital
stock. A 500 bbl we'll will produce
$1,75O.OO per day and $685., 10000 per
year; a 1000 Dbl well will produce
$3,5OO.O0 per day or $1,277,500 per
year, whereas a 10000 Dbl. well, such
as was brought in on the Alexander
Tract, would produce $4,000 in one
day.
1t can readily be seen that it only
takes one good well to do the trick;
that since each 100 shares of stock
will drill from five to ten yards of
we'll on the average, the more inves-
tors there are, the greater the number
of wells can be drilled. If ten wells
can be drilled, the chance of striking
oil in quantities is ten times greater
than if only one we'll is drilled. Every
substantial amount of stock and with
the assurance that you will get a
square deal, you can afford to buy at
least S1.0O worth of stock to help
drill well. $4,000 will not break
anyone. If you can afford more, take
more.
The Fort Worth Chamber of Com
merce, in it's circular telling OF the
wonders of the oil proposition, says:
Stockholders who had invested
800 in the original Fowler company
received $4,000 each when the pro-
perty was sold. Many owners of land
and leases took even larger percent
age of profits Stock in many Of
the companies which got into the
field early, is selling for from two to
ten times what it cost few months
or weeks ago.
Recently the Marine Oil Company,
which was organized in August, 1913,
with a capitalization of 100000 and
which owned 200 acres in the Burk-
burnett field, sold it's holdings to Gill
land & Richards of Tulsa, Oklahoma,
for $3,5OO,OOO giving the stockhold-
ers 1.750 per cent. profit.
"Geologists and the larger opera
tors agree that the West Texas area,
around Ranger and in Stephens and
Comanche counties, will excel any
field ever discovered on the continent
in the wealth that it will produce.
A large number of wells are produc-
ing from 1000 to 10000 barrels daily
from a depth which biologists believe
will insure production for many years.
"The area of the pools has not been
fixed. Every month some big new
we'll extends the known limits and
gives promise of even greater pro-
duction in areas yet untried. In spite
Of the cost of drilling, the big opera
tors are furnishing the money and