Omaha daily bee. (Omaha [Neb.]) 187?-1922, July 30, 1920, Image 6

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History of the Company
a Great Business
Romance
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TWO years ago this month the Omaha Refining Company was
organized. From the start it has reflected the character of its
founders. Their high ideals and superior business ability have,
in this short time, made of it a striking business success.
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At the outset it was determined by these men that "high fi
nance" should never play a part in any of the acts of the company.
There was to be no inflation. It was to grow in a healthy, normal
manner. Stability was their object and stability is what they have ,
given it. - -
To do this plans were laid with the greatest possible care. Toy
start with the first unit of the refinery was built. It is a unit of
1,000 barrels daily capacity. This was completed and began opera
tion March 1, 1920.
t y Sales Increased Enormously. , '
.While this work' was under way the sales force, which is a "vital
part of every enterprise, was organized. Work" egan on establish
ing a market. Nearly a year before the plant was finished sales
had actually begun. In the first month, 'May, 1919, sales totaled
$7,045.74; a good beginning. One year later sales for the month of
May amounted to $99,346.05. June of this year showed $117,965.15.
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' Today the company is established on a firm footing. Sales pos
sibilities far exceed the output. The refinery is working to full ca
pacity. The second unit, also of 1,000 barrels capacity is being
rushed to completion as' are the pipe lines into the Osage oil fields.
It is now a Tace t6 keep up with sales.
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Organization Backed
by Well-Known
Nebraskans
IF you want to know the character of a business
enterprise you judge it by the men who control
its activities; the officers and board of directors.
The men behind the Omaha Refining Company
are known to nearly every Nebraskan as men of the
highest -moral and financial standing. They are men
in whom everyone is willing to place his confidence.
The following list of officers, and directors speaks
for the character of the Omaha Refining Company:
' OFFICERS
L. V. Fox, President; D. W. Lennox, Vice Pres.
' C. F. Heaney, Secretary. J. T. Bertwell, Vice Pres.
J. K. Jones, Treasurer.
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East Omaha
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DIRECTORS
G. H. Conant.
Bert Le Bron.
L. V. Fox. '
D. W. Lennox.
C. E. Lear.
C. E. Heaney.
A. W. Gordon.
O. C. Redick.
T. P. Sullivan.
Earl Oswald.
J. T. Bertwell.
J. K. Jones.
Large Dividends.
The authorized capital of the company is $3,000,000. This is be
ing placed on sale in limited amounts governed by the actual needs
of the company. On June 30, such stock, as was then outstanding
was paid a dividend of 16. There is every reason to believe that
this is but a beginning of the high dividends this company will pay.
!A11 this reflects tie high ideals and business integrity of the
company's organizers. Nothing has been left to guess or chance. The
company is sound to the core and ready to take on its new burdens
of expansion in the mos't capable manner. The market is ready and
waiting for everything the company can produce. ,
1 ." Slock Still Available.
' Today there is a limited amount of stock offered on the 1
market to help cover the expense of building the new refining
unit, collecting lines and storage tanks. A large per cent of this
has already been sold. The remainder we plan to sell to readers
of this advertisement. ' 1
We refer yon to the coupons below which should be filled
out immediately if you are to take advantage of this opportunity.
Coupon No. 1
OMAHA REFINING COMPANY,
421 City National Bank Bldg,
Omaha, Nebraska. (
Gentlemen: s
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Please furnish me, without obligation to myself, complete details regarding
your present business and future prospects in order that I may obtain a more
detailed knowledge of your proposition as a business investment.
Name. . . .'. . 7.
Address....
A list of names such as this is
the best a-obUraiice of the character of the company.
Refining Business Not
Speculative
Making a success of an oil refinery is not a
speculative enterprise such as is the case with wild
cat investments in oil stocks and leases. But often
the two are confused and some of the bad reputation
- of oil gambling hurts the refining business.
:A refinery buys oil from producing wells of,
known value much the same as vay other business
buys its raw materials. It is strictly a business en
terprise from start to finish. ' .,
Refining pays Big Dividends. (
The fortunes made in refining are not heard of so
much as those made by lucky oil strikes they are not
so spectacular. But they are far more certain. Actual
figures show that refineries, as a class, pay higher
dividends than almost any class of business in the
United States' today. ;f N
Of eighteen large oil refining companies from
which statistics, are available the following amazing
figures are shown:
These eighteen companies have
paid an average of 654 in stock divi
dends since their organization and in ad
dition an average of 51 annual cash
dividends.
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ABOYI 'is a drawing of our East
Omaha plant as it will look when
completed. . The enormity of the en
terprise is showr more clekrly than in the
photograph below because each tank may
be clearly seen as well as each building.
The final plan is gigantic in concep
tion and will be one of the largest refiner
ies in this part of the country. To give you
an idea of the work to be done we quote thev
following; list of additions to be made: wax ,
houss, filter house, two agitators, one
55,000 barrel tank, one 38,000 barrel tank,
one- 20,000 barrel tank, one 12,Q00 barrel
tank, two 6,000 barrel tanks, two 600 barrel
stills, four con'denserft
house equipment anJ
All this will be b
covers thirty-three ape
able location. Railrk,'
cellent. There are i
privately wned tra
Unit Numbei? 1, g
graph below has a
barrels. This uni
three-story offic
providing 4,Q0Q squk)
ceiying house, mace
stills and approximay
oil storage.
Coupon No. 2
OMAHA REFINING COMPANY,
421 City National Bank Bldg.
Omaha, Nebraska. 7 . j;
Gentlemen-: ; -
I hereby purchase from the Treasury of the Omaha Refining Company
shares of 8 preferred, participating capital' stock in said company at par
value of $100 per share. My check for $ in payment of this purchase
is enclosed. .' '
" money, transfer to my namq the correct number of shares named abov and will
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The safe and prof itable, side of oil is refining. , - m
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