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About The frontier. (O'Neill City, Holt County, Neb.) 1880-1965 | View Entire Issue (April 22, 1943)
Would You - - BET ON NEBRASKA The letter from the Petroleum Administration For War which is herein reproduced, should fully convince you of America’s urgent need for new oil fields. This information is very, very tame as compared with more confidential data in the possession of both the Petroleum Coordinator, and the oil industry. It would curl your-hair if you were told all of the truth about the present oil situation. Yes! The VALENTINE OIL COMPANY is fully and completely equipped with all necessary geological technique and service. No oil company, regardless of size, has more detailed informa tion and knowledge of the geologic conditions in Northwestern Nebraska Every lease owned, held and controlled by the VALENTINE OIL COMPANY was selected only after detailed, minute geological survey by a number of nationally known geologists and experts. Therefore, this company holds potential oil land which it is pre paring to develop soon - - - very soon indeed. Harold Ickes, Secretary of the Interior, and Federal Petroleum Coordinator, Donald Knowlton, Director of Production, Wm. B. Heroy, Director of Reserves, and in fact, every government of ficer in the petroleum department is urging, and fairly pleading for new development and new production. No one knows better than these men the need of building up our rapidly diminishing oil reserves, and unless a person is skeptical beyond all limita tions, he must believe these highly capable and well informed men in the same extent we believe in, and cooperate with Secretary of the Treasury, Henry Morganthau. 0 The business of the Secretary of the Treasury is to raise money, and then more money with which to carry on the war. However, all of the money in the world would be worthless so far as gas oline is concerned if there was no crude oil. Likewise our great fleets of bombers, scouting planes, battleships, cruisers, tanks, and thousands of other motor-driven vehicles of war would be worthless, and THIS WAR WOULD SOON BE LOST ALONG WITH EVERY INVESTMENT YOU MIGHT HAVE. Our country is going to need oil, and more oil in ever-increasing quantities. Don’t wait until the enemy may be at your door be fore you do something definite and certain about it. READ WHAT GENERAL MAC ARTHUR SAID ABOUT THESE THINGS. Neighbor, he knows from a very terrible and heart rending experience what “too little too late’’ really means. In the right hand side of this ad you will notice a Purchase Agree ment concerning a limited sale of the fully participating, full voting, and non-assessable Common Stock of this company. This company feels sure that you were never offered such a liberal deal before. It is as near an all-out guarantee as any reputable con cern can consistently offer, BUT IT IS DEFINITELY LIMITED IN BOTH TIME AND EXTENT. If it appeals to you, please fill out and send to the address below with proper remittance. The company will immediately sign and return to you with your stock certificate. Valentine Oil Co., Inc. 1817 Farnam Street Omaha, Nebraska PETROLEUM ADMINISTRATION FOR WAR WASHINGTON Ur. C. U. Valentine, President, Valentine Oil Co., Inc., Sunderland Building, Omaha, Nebraska. Uy dear Ur. Valentine: In reply to your letter of March 7, addressed to the Petroleum Administrator, I wish to advise you that this Office advocates the acceleration of exploration by companies experienced in the use of geological and geophysical techniques in oil findings. We feel that it is hignly important that the oil whicn is now being used for war purposes should not exhaust our present supplies and that we ,3hould have available for later years an adequate sustained supply of petroleum products. Sincerely yours, William B. Heroy, Director of Reserves. Purchase Agreement The Valentine Oil Company (A Nebraska Corporation), by its President, C. M. Valentine, of Omaha, Nebraska, and whose name is hereunto subscribed as such; acting for said Corporation, here by proposes and agrees to the following conditions hereinafter set forth, to-wit: piljcrr. The company offers to sell and convey to the * lAkJl* subscribers hereto, in proportion to the number of shares each shall subscribe for hereunder, a maximum of Five Hundred (500) Shares of its fully participating, full voting, and non-assessable Common Stock at the advertised par value of Ten Dollars ($10.00) per share, and according to the terms, condi tions, and requirements herein stipulated. All funds hereunder received shall be returned to the various subscribers as herein provided. ^FUONIV When the sum of Five Thousand Dollars ^I^I^m^I-I* ($5,000) shall have been provided by said sub scribers, the company shall thereafter place Twenty (20) Percent of the net receipts realized from any and all sources into a trust fund in the LIVE STOCK NATIONAL BANK, OF OMAHA, NEBRASKA, which trust fund shall be prorated to the sub scribers hereto until the original investment made hereunder shall have been fully returned to each subscriber according to the terms and conditions herein provided. THIRH' When a minimum of two hundred and fifty IIII ItU* (250) shares of said stock have been subscribed and paid for, the subscribers may, at their option, choose one of their number to act as a Director on the Board of Directors of said Valentine Oil Company. Such option must be exercised within ten (10) days from the date proper notice is given each subscriber by said company’s secretary. Such directorship mak ing possible for each subscriber to be kept in first hand knowl edge concerning the management of said company, and to fully participate in such management. FOURTH* ^ being specifically understood and represented l UUIlI H* by said company that it shall not sell more than a maximum of five thousand (5000) shares of said stock until after the first test well shall have been drilled, and shall not ad vertise, or otherwise offer for sale, nor sell its Common Stock for less than its par value of $10.00 per share, but will substantially advance the sale price of said stock simultaneously with the com mencement and progress of actual drilling, and sooner at com pany’s option. FIFTH* ft being further understood that all monies re r l£ lO* ceived hereunder shall be expended incident to the direct development of oil in the State of Nebraska. CJIYTH* Each subscriber hereto is required to pay down II* not less than one-half \x/i) of the entire amount of his subscription hereunder unless otherwise specifically agreed. The remaining unpaid balance shall be due and payable within sixty (60) days from date of his, or her subscription. While there shall be no forfeiture exacted from any subscriber who may have become delinquent in his or her payments of sub scription due, or past due hereunder, the company does specific ally reserve the right to issue stock for the amount of cash act ually received from any such delinquent subscriber, and there after the company shall not be further liable. It being explic itly understood that the company shall not be compelled to issue stock, and to remit cash hereunder only in the extent that each subscriber has made cash payments into said company. IN WITNESS WHEREOF; each of the subscribers has here unto set his hand in full acceptance, ratification and confirma tion of the foregoing. Witness: VALENTINE OIL COMPANY, INC., By______, President (As to Valentine Oil Company) Subscriber: Shares Sub- Cash Paid Dale Balance scribed For Down Paid Due _ _S_$_