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About The Alliance herald. (Alliance, Box Butte County, Neb.) 1902-1922 | View Entire Issue (Dec. 19, 1918)
THE ALLIANCE HERALD Thnrsday, December 19, 1918 GRIFFITH OIL COMPANY ISSUESSTATEMENT Company organised Mnrtlj by Alli ance People has Acquired Hold. Ingii In Rtate. of Kwimi The Griffith Oil Company was In corporated mime time ago under the lawn of the stale or South Dakota, With n capitalisation or $600,000, MTeral or the officers being former Alliance men. Two of the officers are now J. N. Andrewa, prealdent and James A. Armour, secretary-treasurer both or whom were rormerly Alliance rsallroinl men. Many Alliance people are stockholder. Under date of November 25th the board nt directors issued the follow ing statement from Casper: To the Stockholders of The Orlfflth Oil Company: It was agreed by the present board of directors, as a part or their policy that they should keep the stockhold ers Unformed from time to time or Any new developments In the com pany's affairs. In view or the ract th:it the Orlffith Co. has upwards or five bunderd share holders scattered throughout the country, It will readi ly be aeen that it Is Impossible to write each stockholder a separate letter covering these matters, and we bave therefore decided to Issue a cir cular letter, and mall it to the stock holders of record. In our former letter we mentioned the holdings which the company had In Wyoming, and gave a brief state ment of the condition in reference to each property. The property In the West Salt Creek which was the first one acquir ed by the company has been abandon ed, because of the failure on the part of those companies and individuals who were drilling in the immediate vicinity of this roperty to bring In any well. It was thought inadvisable I In view of the number of dry wells that were drilled In the vicinity of this property, to spend any money of j the company's money on it. We have decided to forfeit the Ivan hoe lease on the property situated In lbs Kmigrant Oap Dome, for the same reason. When we took this lease it was considered one of the best speculative chances In Wyoming. Other companies were drilling near tlie property, and It was thought ad visable to acquire the lease, and wait a resonahle length of time on the re sult of these drillings, without spend- i lug any of our own money, as the lease gave us ample time to watch the result of other operations. None of tbete drillings have proven success- . ful, however and we have therefore I decided to forriet this lease also. The Interests which' the Orlfflth , Company have left In Wyoming are i an option on two different tracts or j considerable acreage In close proxlmi ty to where actual drilling Is being carried on and should either or the " fields prove productive we can avail ourselves of the option and can no doubt have our drilling done on a fall ler centage basis by some or thi larger companies should we not reel like risking our money orr them at this time; In addition we have a sub. stantlal interest, represented by 35, 000 Bhares, in the Dragon Explora tion Co. in the Big Muddy Field. The Dragon Company has an agreement with the Olenhurst Company for dnj)' Ing this ground and a well has been sunk to a considerable depth, but has not yet reached the oil sands, owing to delays or one kind or another, due to the lack of labor and financial conditions.. Order Your Coal Supply Early It is the wise thing to do You'll say so this winter, too. If we could make plain to yon the situation, we know that you would put In your winter's coal snpply now. We are not trying to scare yon, bat we are trying to toll you. The car shortage exists. It may iook to you like everything is moving, but you'll appreciate what we tell you when winter comes and It may be next to impossible to get coal. We've got coal to sell you today. We've got coal today to put Into your bin. We can't promise more. It's good coal and It's a fulr price. We urge you to get busy thing act. It will prove to your advantage. Dierks Lumber & Coal Co. P. W. HARGARTEN. Mgr. PHONE 22 111 Laramie At After looking the situation over, the board of directors rime to the conclusion that It was advisable to discontinue operations In the Wyo ming fields for the present, because of the great depth to which the wells have to be drilled, and the excessive cost of drilling. The board decided to investigate other fields, and in carry ing out this decision the officers or the company spent two months In looking over the potash fields of Ne hraska and the oil fields of Oklaho- ma and Kansas. After considerable negotiations they succeded in secur ing a lease on two hundred acres situ ated In the Bolton field in Montgom. j I ery couty, Kansas, on which there were two producing wells already drilled and which are Included in our lease. This lease was procured on the following terms: Two more wells miiBt be drilled be- j fore March 1, 1919, and the lease then becomes perpetual as long as i oil or gas Is produced In commercial quantities, the company paying the ! usual one-eighth royalty. In pursuance or this contract the I company commenced to drill on the J ground on the 6th day of October ! and on the 25th of the same month brought In a well with an initial cap I ncity of 20 barrels per day, and it is j probable this well will have a settled j capacity of 8 to 10 barrels per day, j and will continue on this basis for i considerable time. The company has i a ready market for the oil, and is now selling its production for $2.2.r. per barrel. We are drilling another well on this ground and expect to have it completed by the middle of December. The Bolton field is one of the most uroliflc and long lived shallow fields In eastern Kansas or Oklahoma, wells in this field over thirty years old Btlll producing profitably. To quote you a few figures on what the small oil wells do based on the prevailing prices for oil in this field: A 2 5 Bbl. oil productions earns per year $20,531.25; 50 Bbl. oil produc tion earns per year $41,062.50; 100 Bbl. oil production earnB per year $82,125.00; 200 Bbl. oil production earns per year $164,250.00; 500 Bbl. oil production earns per year $410, 625.00; 100 Bbl oil production earns per year $821 250.00; 10,000 Bbl. oil production earns per year $8,212, 500.00 so you can readily see what a cluster or theBe wells may mean to our stockholders, and it 1b note worthy fact that many of the larger companies begun their career In the shallow territories. We have also acquired a lease on 890 acres or ground in one body, sit. listed In Wilson and Montgomery counties, Kansas. This property Is well located, lying close to a newly developed pool, and is an excellent speculative piece of ground. The terms of this lease give us perpetual rights as soon as drilling is begun but we can hold It for ten years with out driling, by paying a small rental fee; wo plan, however, to prospect this tract in the early spring. While the wells in this part of , Kansas are usually or small produc tion thtjre have been some come in as I high us a thousand barrelB, and the cost ot drilling them is insignificant in comparison with what it is where the oil lies at greater depths. We con sider this fjafer policy, than to rink all the money we have in the treasury in drilling one well in the dec fields. Arter paying Tor the two lease3 I mentioned above and the cost ot dril ing and equipping our first well, the company still has a halance ot $15, 000.00 in the treasury. This amount is sufficient to keep our drilling oper ations going during the fall and win- jiSheS Tie Alliance Steam VsaESa tltf5awaBVnaklE I fl VLUH JW -afl SSBKSm jjl yl The Magnet of Patriotism Has Drawn 12,000 Bell Men When the call came for trained telephone men for the Army Signal Corps, the number of Bell employees who volunteered was greatly in excess of the number needed. More than 12,000 men have left the Bell Telephone System to enter military service. More than 20 , of the men from our main tenance and construction forces are now with the colors. Despite these war losses, the military requirements of the government and the greatly increased needs for service in indus trial and commercial work have been met. It has been difficult to give continuous and uninterrupted service under war-time conditions, but it has been done and with the co-operation of the public it will continue. NEBRASKA TELEPHONE COMPANY 8T food I5uj War Harlnff lnt and Llbwtr Bona ter. It we succeed in bringing in an. other producing well, however small the capacity, from our present opera tions it should be our policy to con tinue drilling the two hundred acre tract, even though we might have to sell some additional treasury stock to keep our operations going, because by and by the company will have a production from this number of small wells that will put us upon a divi dend Jaying basis. Respectfully submitted, THE BOARD OF DIRECTORS By James A. Armour, Secretary FEEL MISERABLE FROM THAT COLD? Colds and coughs are quickly relieved by Dr. King's New Discovery Nobody should feel "perfectly mis erable" from a cold, cough or bronchial attack for very long. For it takei only a little while to relieve 't and gut back on the road to recovery when Dr. Icing's New Discovery IS faithfully used. It soon loosens the phlegm, re lieves irritation, soothes the parched, sore throat, brings comfort. Half a century old and more popular today than ever. At all druggists. Make Your Bowels Behave Make them function with gratifying precision. If regulation of the diet does not relieve their torpidity Dr. King's New Life Pills will. They are perfect bowel trainers, cleanse the system surely, comfortably. . . . -i 4.... . . a . . . saM DRINK HOT TEA r0R A BAD 00LD I Get a small package of Hamburg Breast Tea at any pharmacy. Take a tablespoonful of the tea, put a cup of boiling water upon it, tour through a Rieve and drink a teacup full at any time during the day or before retiring. It is the most effective way to break a cold and cure grip, as it, open:; the jiores of the skin, relieving congestion. Also loosens the bowels, thus driving a cold from the system. Try it the next time you suffer from a cold or the grip. It is inexpensive and entirely vegetable, therefore safe unci harmless. The Lindell Hotel Palm and Paha, Props. 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