The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-05-10
Stockholders of Charles r.
Noble oil Company Hold
Harmonious Meeting

The stockholders Of the Charles
=. Noble oil company, many of
whom have been here since early
Monday. held a meeting ut the com
rany offices in the Kennedy build
ing yesterday, and n more hnr-
monlous assemhlage OF stockholders
would he hard TO find anywhere.
In fact; before the meeting was
through. II was observed that sew
eral Of the visitors were sending
out messages offering TO buy
Charles i. Noble stock. with the re-
suit that said stock rose from the
low price of 2s cents TO 2s cents,
and will likely go higher. according
20 we'll informed members of the
directorate.
There was total Of 0,250, 900
shares OF stock out of n total of H.
100000 shares represented Mt yes
terday's meeting. OF this. there was
a total of 100000 shares repre-
sented who were pledged to n new
deal. and n new board OF directors
and new officials.
There was n committee. known as
the Mcclure committee. made up of
prominent Tulsa oil men. who were
voluntarily offering 10 take over tho
management OF the big property,
anu NtIt Silu w IfpIfN'Hl ADtIltk
+. Noble. personally. and were, II
the offer made by them was ac-
cepted. TO give their best efforts
toward making a success of the
company. There were only 5000
votes that were favorable to this
arrangement.
The meeting was called 10 order
by Thad II. Preston, OF Ionia.
Mich, one of the largest stockhold-
ers. who Is said TO have moro than
$4,000 invested and who IL very
prominent in political affairs In his
home state. being chairman of the
democratic state central committee.
and a man OF most engaging person.
ality. He continued to preside dur
ing the entire day. and Is thought
TO be slated for tho position OF
president. or chairman OF the board
of directors.
The meeting lasted from 10 n. m.
until p. m. and resulted In the
election OF seven members OF the
board of directors. which had been
reduced In number from nine to
seven, thus making IL possible to
get a quorum. They are as follows:
IT. B. Preston of Iona, Mich.
George II. Kirchner of Detroit. C.
S. Avery OF Detroit Arthur II
Craver of Tulsa, w. II. Beamer oil
Detroit, julius Hollandmoritz OF
Saginaw. Mich, and J. B. Webb OF
st. Louis.
II was the consensus OF opinion
among those present that IL the as
sets OF the Charles +. Noble COM
pany. which have been appraised al
Sl3,000,000, were correctly reap
praised that there would be assets
amounting 10 about Si1,O00,000 and
that the caslnghead plant at Burk'
burnett, would he n big money
maker in itself. This. on account oi
tho great demand for caslngheat
gasoline, and the big price II IL
now bringing.
Joseph j.. Crusoe of the II, w
Noble company OF Detroit, which
concern handled most OF the stock
and who was in Tulsa for the meet
Ing, says: I'VE do not see any rca
son for being alarmed about th'
welfare OF the stockholders of th'
Charles f. Noble company, inas
much as the new board OF official
will be elected tomorrow. and a
harmony now prevails there should
be no difficulty in bringing thu
property up TO very nearly its ful
earning capacity In very shor
time. We are glad to see the stock
holders working harmoniously and
have felt all the while that there
was nothing to worry about.