The Winslow mail., 1920-03-19

business men. bankers and citizens
before Monday noon and furthermore
one party subscribed $25OO to be paid
when that amount would make the
total of $4,000, which is the amount
needed to secure necessary rigging
and machinery and complete the we'll
There has also been another condi-
tional subscription.
1t is further known that there is no
friction or no favorites but all agree
that the field must have a producer
and in view of the fact that the Ada
mana can be completed in the quick
est time and at the least expense. all
competing companies. individuals
bankers and business men are now
centering their efforts on this we'll
which occurs to us a very wise plan
With one producing we'll the financ
ing OF other wells will be easy; with
one producing we'll all leaseholds
will be worth from 5 to 100 times the
present value. 1t is therefore to the
interest of one and all to support
this one well and have it proved and
over with. From all indications the
Adamana stock should pay we'll, but
the dividends or the immediate profit
from the Adamana is surely the small
and on-consequential reason for
backing the Adamana at this time as
compared with the other benefits to
be enjoyed by the reason of having
one producing well on the field.
Are the citizens of Winslow with
times the population of Holbrook GO
ing to bow their heads and take
back seat? They have not done so in
chasing rainbows" in the Texas field
and it is evident that our citizens
right here have sent enough money to
Texas to finance two or three wells
right here at home What have they
to show for it? AS we have told you
months ago the "the ground-fioor day
in Texas" has long since passed into
history. We do not mean to say that
there are no more good propositions in
Texas, but Texans have ample capital
and they do not allow any good pro-
positions to come to AriZona-they
gobble them right at home. Why buy
of 10 or Is acres or any part of 1, 2
1-2 or 5 acres in a worn out field in
Texas where you have absolutely no
show when you can at least get a run
for your money here and have some
thing to show for your expenditure.
A recent March issue of the Finan-
cial Review of New York announces
"Bcrkburnett Oil Smashes." 1t is
fact that more than ninety percent of
the stock that was promoted, lease
etc, | mean PROPOSE
tions, that the Texans would not sup
port, and they have had to be offered
in Arizona; during the past six to -
months are now on market all the
way from nothing, no bid, ten, fifteen
and twenty per cent and very few as
high as fifty per cent of the original
par value. True, many of these
stocks were raised in price, some
paid small dividends to catch the
hungry sucker. price advanced to dou
bic and treble, for time, but now
are worth nothing so to speak.
Space alone prevents us from list
ing 20 to so stocks that were boosted
in this section and participated in
freely in this town which are now
worth from nothing to probably so
per cent of the original par. Why
send your money to Texas? Have any
of you profited thereby? True this
town is the proud possessor of one re-
ceiver of dividends, his Wife purchas-
ed the stock and did SO just before the
closing of the ground-hoor day in
Texas; and furthermore, it was not
purchased in Winslow; the good
Texas propositions are not offered to
w lIlSIOWlCSO
According to wealth and popula
ton, if Holbrook should subscribe
$4,000 to complete the Adamana, Win
slow should subscribe $4,000 to
$4,000.
There are other good propositions
pending which should be consumated
in the near future, however, the one
now at hand is to Complete the Ada
MANA" all other propositions will
then be easier.
We learn that E. Julian Harbin is
the authorized representative of the
Adamana and is backing it for the
first completion.
Walter Lyons, director of the Win
slow Oil Co ACCOMPANIED bV r. l.