The Hartford herald., 1920-04-14
FACTS AND FIGURES FROM

OTHER OIL REFINERIES
The refining age has just crawled out of its in
fancy and is now looming up into the world as
one of the safest greatest and most profitable in
vestments to be had in this day and age. The
sgeIong quest for some simple. inexpensive mira
cuIous process OF transforming dross into pure
yellow gold is ended. 1T is THE CRUDE OIL
REFINERY The ancients waited their wands
invoking their orioles and crystal gazers to grasp
the secret for them from the rim of other worlds
calling upon their wise men thus to give proof
of their wisdom. We OF on the wrong track.
They never once thought of an oil refinery. Any
hind Ui oil refinery. no matter how primitive
its process pays enormous dividends provided these
two factors present-honest and capable man
agement and a supply of crude oil.
Skmming plants such as sprang up in oklaho-
ma about five years ago like mushrooms made
fortunes for their Riches rolled up
by oil wells but the returns are apt to cease
or be greatly curtailed after a time. The op-
posite is true of refneres. The little refinery
pays profits at the start amazing profits, and as
the plant is developed and the operations extended
and become diversified the profits increase
by vast jumps. Then taking these facts into con-
siderston if you will only take the time to search
the records of the income tax books as well as
the state records you will find that the Texas oil
re6neries since. 1917 have led all other states
in the refining business and paid the largest div-
dends profits
The age is long past when the great pressing
hand of the Standard Oil Company and the other
large oil trust companies can squeeze down upon
the small Independent rehneries and freeze them
out. Laws have been enacted both by the federal
and State Government that amply protects the
Independent operators and stockholders. 1t was
years ago that these big oil trust companies used
to fight freeze out. and monopoze the small pro-
ducers. But the demand to-day has grown
great for the oil that is refined from refneres that
the large companies like the Standard Oil
Company, the Sinclair Oil G. Refining Co., The
Gipsy Oil Co., and the Magnolia Oil & Refining
Co. cannot even begin to supply the great demand
for these refined products. Today the large oil
corporations of our nation are rolling their tank
up to the small independent refneries and
buying their refined products and paying the
Wholesale price that all other jobbing concerns
handling oils paying They glad to pay
the market price for these products and will gladly
accept contract from the independent refneries
to purchase as far in advance as six to twelve
months in order that they may be able to supply
at least portion of the demand. and greater each
day is this demand growing. until the drilers of
Oil starting out to puncture and drill almost
every available acre on the western hemisphere
of this country. War ridden Europe, which is
Just arising from the ashes OF this awful war,
which our nation was compelled to participate in,
in order to defend democracy and its constitution
al rights. calling for OIL under their
present conditions they are not in position to at
tempt to produce their own products and sole
ly relying upon America to furnish such products
In the United States our last statistics show that
there only 372 refneries, with about 81 per
cent of these plants operating in Texas. about
20 per cent in Oklahoma. and 10 per cent. in
Louisiana and per cent. in Pa and per cent.
scattered in some Of the cities of this country.
With only this small amount of refneries produc-
ing possibly less than 500. 900 barrels OF kerosene
gasoline, benzine. and Iubricating and motor oils
il Is wonder that the consumption is greater
than the supply. We wish to submit you the fol-
lowing facts of what exorbitant dividends these
other rehnenes paying to-day and after you
have considered these statistics which are facts
that have been taken from the income tax records.
and may seem very staggering, but nevertheless