The Washington times., 1920-08-01

Is banker and merchant Of Eill:boro Texas In which
he he nd or H ~: es:r s s:,.
sS I5: Certain L. to S
You can bank on their integrity.
You can bank on their ability.
You can bank on their character.
You can bank on their knowledge of the oil
business. .. ....
You can bank that they would not go into wild
cat schemes either with their own money with
yours.
, Do you appreciate that there has never been a
failure of an oil company that organized on sub
stantial basis-that actually started with posses
sion of properties that were producing oil?
The only failures are those brought about by
promoters of wildcat schemes who haven't de-
veloped oil il-producing properties and who seek
the peoples money to help pay for guessing con-
test as to where oil might be found.
The pity is that people allow themselves to make
investments without looking into the character
and standing of the men behind an enterprise.
The leases owned by the GREAT STATE
PETROLEUM CO. OF TEXAS consist of 2O,712
acres-not all in vast tract, but an acreage OF
assembled parts in all the principal producing oil
fields of Texas, and every part is either proven or
semi-proven or is located in likely producing oil
territory.
Only very small acreage out of the total has
been developed, but there are now IS wells pro-
ducing oil steadily and at profit, and it is more
than likely that $50, even $500 wells may be de-
veloped and yield daily production 10 times or
100 times more than IS wells.
In addition to the wells that producing, it
is Known positively that great many more wells
can be drilled on acreage where is stored vast
quantity of oil.
} 1t is to bring into being the production of this
acreage that common stock is offered to the public.
The Company owns and operates so miles OF
pipe line, which produces a revenue of 40 cents for
every barrel of oil carried through it to refining
plants. The capacity of this pipe line is $500 bar
rels day.
! Contracts have been made that insure carrying
the maximum capacity of the line.
The present net returns from production of oil
and from the 40 cents a barrel daily charge for
every barrel of oil transported through the pipe
line, represent total running into the millions.
If the present net revenue were applied toward
paying dividends on the stock thus far issued, the
stockholders would earn dividend of 50 per cent
But only small part of the net revenue is being
used to pay dividends-the greater part is going
into the further development Of the properties.
You see, do you not, what long-headed, careful
business men are directing this enterprise?
Do you think have overlooked anything in
presenting the facts about the GREAT STATE
PETROLEUM co. OF TEXAS? -' .-.
If you are interested in the story have told you.
send your check for whatever amount of stock you
can afford to buy, to the New York offices of the
GREAT STATE PETROLEUM CO. OF TEXAS.
which are located at 800 Fifth Avenue, N. w.
corner of SD Street.
Don't get the idea in your mind that because
their offices are located on Fifth Avenue-the
greatest business artery in the world-that they
are spending lot Of money for rent, because they
are not. The Company probably occupies the most
democratic and most economical suite of Offices in
New York City-at least have never any
more modest offices in this big town and have
lived here for 26 years.
The offices are really an index to the simplicity
and stability of the Company. and its officers and
directors
Sincerely yours, '.,
WILLIAM c. FRRE1iAN.
New York, July 30.
n the same evidence that con-
our name and address TO The