The Birmingham age-herald., 1920-03-12
DIVIDEND PAID TO STOCKHOLDERS
 OF ALABAMA BOUND
Local Company Is Making Fine Sue cess in Oil Field-Green Leaves
 for Texas

Less than a couple of hundred of Bir- mingham people who played their hunch and bought stock in the Alabama Bound period of it's sais few months ago are happy today at receiving a 20 per cent dividend check which was mailed out yesterday
 This company, organized by local citi- zens and an Alabama incorporation, IS the youngest of several oil developing en- terprises originating in Birmingham Its stock, of which less tlan half the au- thorized capitalization was ever issued, was disposed of almost entirely among local people. Opening at par the rapidly increasing value of a very handsome and well-situated list of holdings scattered in Oklahoma and north Texas oil fields forced the price to 100 per cent above par in less than thirty days
 Within ninety days more the directors decided that the combined value of it's holdings was so much in excess of it's authorized stock issue that further sale was suspended and other means of se- curing production sought. This was found to be an easy matter and some very at- tractive drilling contracts on a percent age basis secured. Several wells are now in progress and indicate profitable devel- opment This first dividend has been ar forded by some very profitable lease deais on the part of the company, made pos sible by the great demand for proven acreage and the tremendous value in- crease of some of the conipany's proper ties
 The success of the Alabama Found con- pany is almost entirely due to the untir- ing efforts and personal attention of It's president. J. c. Greene. MT. Greene IS well remembered as the founder of the Greene Drug Company of this city. At- tracted by the possibilities of big profits in the oil business, he decided. after in- vestigation, to get into it as a business. By careful dealings and ty applying the same personal effort as in former sue cessful enterprises, he soon accumulated considerable choice leases and same home to organize his own company. This was done last July tnd the company is now barely eight months old. Mir. Greene has associated with him several other we'll known gentleman. Charles P Mcclure, president of the Antwine-McGuire-D De- Shazzo Company. is first vice-president; pr. Courtney W. Shropshire is second vice-president. and J. H. Edmondson, popular newspaper man, is the secretary treasurer. Each of these gentlemen, mem- bers of the board of directors as we'll as officers of the company. hold handsome amount of the company's stock, and along with the rest of the fortunate stockhold- CTS in the Alabama Bound are receiving congratulations on securing such early returns on their investment.
 Mir Greene returns to the field today. after spending the past few days at the home office assisting the issue of divi- dend meeting of directors was held this week and a further dividend was forecast at an early date. MT. Greene authorized the prediction that his com pany would be ahle to pay more than lo' per cent on its stock before the organiza- ton becomes a year old. It is said to have already set record for quick re- turns under like condition and its future is unquestionably very promising.