THE BEE: OMAHA, FRIDAY, MARCH 8, .....
Great Britain's Loans to
Allies at Huge Figure
London, March. 7. Great Britain's
loans to its allies up to February 9
had totalled 1,264,000,000, Andrew
minions had reached the sura of
180,000,000.
The chancellor moved a vote of
credit of 600,000,000, bringing up
the total since the outbreak of the
war to 6,842,000,000.
intended to start it on the new year,
beginning April 1. .
Rev. Garret J. Burke today at the
trial of Frank H. Mulligan, as the man
who held up the pastor and Mrs.
Irene Nolan, a Denver society woman,
at the Model roadhouse on January
2, last, and took $3,400 in jewelry
from Mrs. Nolan.
is a defendant, but his case has not
been called.
Ask Fixed Price on All
Products Used in Steel
Washington, March 7. 'Steel man
ufacturers have asked the government
to fix prices on alt products entering
into the manufacture of steel in order
that the price fixed for steel may be
stabilized.
The steel manufacturers urged that
it was inconsistent to set a price for
th finished product without at the
same time controlling prices of prod
ucts entering into its manufacture.
Raw materials of which steel is made
already have come under government
control, but accessories have not.
Wattles to Speak Before ft
National Food Chiefs
Food Administrator Wattles will
leave for Washington tonight to at
tend a meeting of the food adminis
trators of the country. Mr. Wattles
will speak on methods of keeping the
county organizations advised as to
official developments.
Jewel Bandit Identified
By Denver Minister
Bonar Law, chancellor of the ex-
I he treasury has sufficient funds to
Brighton, Colo.. March 7. Philip
Mulligan, a former Denver city de-
chequer, announced in the House of carry it along for the remainder of
Commons today. Loans to the do-1 the financial year. The new vote is
Cohen, wholesale produce dealer of i tective. is on trial charged with par
Sterling, Colo., was identified by the ticipating in the robbery. Cohen also
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KPF MILI IBBESTC3ECnr
RESIDENT L. V. NICHOLAS was born at Franklin, Pennsylvania, the very heart
of the Pennsylvania oil fields, and has never really known any business outside of
oil, and is considered one of the best informed all-round oil men- in the country
today, having had experience in the oil fields in drilling and producing; several
years in the office and on the road for the Standard Oil Company ; five years with
the Paragon Refining Company, at Toledo, Ohio, one of the largest and most suc
cessful Independent oil refineries in America ; from there he spent ten years in the
Kansas and Oklahoma oil fields.
In 1912 he came to Omaha and established The Meridian Oil Company, which t ft"
was incorporated in April ol 1U13 as the L. v. Nicholas Oil Uompany, and ma rec
ord and the growth of the Company since that date is well known to all.
1912 Erected small plant. Two employes. '
1913 Incorporated in April. Erected first filling station in Omaha. Four employes.
1914 Established first up-town filling station at 17th and Jackson streets. Eighty employes.
1915 Doubled the business. Sixteen employes.
1916 Offered the public the first share of stock. On every dollar invested then, 10 a year
! cash dividend has been paid and 50 in stock dividends to date. Closed the year with a 100
gain in business. Twenty-five employees;
1917 Biffeest and most successful year. Forty employes. Decided the laree and fiTowinsrl"
ward to accrue from the refining of crude oil in addition to that derived from the marketing of
L. V. NICHOLAS, petroleum products, and for which purpose this issue of stock is now being offered to the invest
Pres. L. V. Nicholas Oil Co. ing public.'
mmim
Nicholas oil stock has always been a good dividend payer, earnings of .the past having amounted
to in excess of $28.00 with which to pay every $7.00 of interest, resulting in surplus accumulations,
which have been disbursed in the form of stock dividends. $p( ';y'
A properly managed oil refinery is a safe, non-speculative enterprise. We know what crude oil costs---we know what it costs to
refine it we know what it will bring on the market. Here is what a 1,000-barrel oil refinery will earn: Estimated return per barrel of
42 gallons crude oil: , v y
, COST OF PRODUCTION. J
U
30 gasoline 12.6 gal., at' 19c
25 kerosene 10.5 gal., at 6c
2.40
.63
.20
Value ier barrel. . . . . v-..-r-.-.w.-.-. . .$ 3.93
Return from 1,000 bbl. ier day; . . . . . . . . . .$3,930.00
1,000 bbli: crude oU at $2.85, f. o. b. Omaba. . , .$2,850.00
Labor, fuel, and overhead expense per day, . . 150.00
" - . $3,000.00
Net profit per day. i . . . . .$ 930.00
These
merchandisers
profits are strictly the profits that' will accrue for the refinery end of the business, exclusive of the returns that will accrue to the company as distributors and
sers of these products. The company already has a sufficiently large and established business to assure the disposal of the entire output of the refinery.
n Assured 7 Dividend in Addition to High Speculative Possibilities
-ESSENTIAL FACTS OF THIS ISSUE-
Preferred stock (authorized $500,000, $100 par value)
now offered, $400,000. '
Common stock (authorized $500,000, $100 par value)
now issued $89,100.
The preferred, non-participating stock, pays 1 cumu
lative, quarterly dividends, and is preferred both as to assets
and dividends and is non-assessable. - The voting power lies
with the common stock. ' The stock is exempt from the nor
mal federal income tax and exempt fqmiocjai .taxes to hold-
: Proceedings incident to the issue have been under the di
rection of J. A. 0. Kennedy of the firm of Mahoney & Ken-
nedy, attorneys. .
We now offer this preferred stock for sale in amounts of
two shares or more at the par value of $100 per share, and
with each two shares of preferred stock, give one share of
common stock of par value of $100 as a bonus.
Dividends to accrue from date of purchase and payable
quarterly, January, April, July and October.
Privilege is retained to at any time modify or withdraw
the bonus offering of common stock.
Eurews Earning Power of Urge Relineries
Has Induced Many Companies to
Pay Stock Dividends
Capital Stoek tHvtdradi
in Ull. In (tock.
Kama of Company.
Anglo Amer. Oil Co. ...$5,000,000
Continental pil 300,000
Cosden & Co. 300,000
Qalene Oil Co. ........ 8,000,000
Ohio Oil Co 2,000,000
Prairia Oil & Gas 18,000,000
100
900
400
60
500
150
L. V. Nicholas OA Co.'s Refinery to Be Built on Company'i Own Projfcrtj at 24th and Hickory, accwacy.)
Mid West Refining:.... 6,000,000 1000
Magnolia Petroleum... 2,450,000 250
Waters Pierce Co 400,000 2625
Solar Oil , Co. ......... 500,000 400
South Penn Co. .v 2,500,000 400
Swan & Finch Co. 100,000 500
Vacuum Oil Co. ....... 2,500,000 500
Nineteen companies, including the above, have paid an aver
age of 654 in stock dividends since their organization in ad
dition thereto they have paid an average of 51 annual cash
dividends. The absolutely 6afe and consequently most profit
able side of oil is refining.
(While the above figures were obtained from sources be
lieved to be absolutely reliable, we do not guarantee their
Paid !
cub an
nually. Prewnt Capital.
87 $10,000,000
42 3,000,000
4,200,000
12,000,000
10,000,000
27,000,000
18,000,000
6,124,000
30,000,000
2,000,000
12,000,000
500,000
15,000,000
MAIL THIS
TODAY
COUPON
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Financial
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