The Clifton Record (Clifton, Tex.), Vol. 25, No. 29, Ed. 1 Friday, October 3, 1919 Page: 7 of 8
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WITH
WITH BIG FUTURE
Not a Dollar Ever Lost in a
' ,3v-
A Few Facts and Figures
Approximate cost of drillig in the Desdemona
Fields: ' ,
ONE WELL
(Computed on a bisis of thirty-five days con-
inuous time at prevailing prices, etc.)
Wages—Full Crew ..... $2,600.00
Extra Labor ................;.......... 500.00
Material and Supplies ........... 600.00
Depreciation of Tools ............................ 1,000.00
'V' '-bit,, •
Total (appriximated) .......... $4,500.Q0
PREVAILING CONTRACT PRICES
(Average depth of producing well in Desde-
mona Pool 2700 feet.)
2600 ft. to lime at $5.50 per ft.........$14,300.00
100 ft. thru lime and sand at $10'..'...... 1,000.00
Company time, 7 days at $1Q0 a day 700.00
Total (approximated) ................$10,000.00
One well, cost to oil company ..........$16,000.00
One well, cost to drilling company.. 4,500.00
Nfet ......................... $11,500.00
We propose operating five (5) outfits. We
estimate each ^outfit will drill eight vyells in
twelve months.
Take a pencil and figure it out for yourself.
W.ells drilled on a fifty-fifty basis should
place us in the divident paying class within
a short space of time, and as fifty-fifty con-
tracts will only be taken in proven fields, our
chances of loss are negligible.
Money invested in a Drillig Company works
24 hours each day.
Let us put your Idle Dollars to WORK.-
HY-LO DRILLING AND
DEVELOPING CO.
A Voluntary Asociation—Unincorporated
DESDEMONA, TEXAS
Reference: ..First Guaranty State Bank of
Desdemona
Hy-Lo Drilling and De-
veloping Company
A Voluntary Association—Unincorporated
Capital $150,000
Shares $1.00 par value—Non Assessable
Present selling price $1.25 per share. No
sales of less than 100 shares
Main Office
First National Bank Building
DESDEMONA, TEXAS
OFFICERS
Captain E. H. Hyte.r .................... President
Oil Operator and Producer
R. C. Showaltcr. .................... Vice-Pres.
Cashier First (ity. StHte Bank, Desdemona, Tex
John M. Loekridge, Jr., ........ Secy .-Treat.
District Manager Federal Life Ins. Co.
H. G. Morrow ...................... Trustee
Vice-Pres.. of Peerless Petroleum Production
Company
A. J. Thompson ..... ........
Director First (tty. State Bank
Texas
TRUSTEES
A. J. Thompson Desdemona, Texas.
H. G. Morrow Dallas, Texas
R. C. Showalter......... Desdemona, Texas
Jno. M. Loehridge, Jt. Houston, Texas
Capt. E. H. Ilyter Lima, Ohio
The Hy-Lo Drilling and Developing Com-
pany expects to operate a few more outfits
within a comparatively short time. Its plans
are:
To drill wells on a cash basis where the
best offers are available.
To own and operate a number of drilling
outfits.
To drill proven acreage on a 50-50 basis,
from profits of cash contracts.
One rig now being in operation and others
contracted to follow, the company may soon
reach a dividend basis, which would necessi-
tate an immediate advance in the price of
shares without notice.
Records show that drilling company stock
(seldom offered the public) advance rapidly.
The Texas & Oklahoma Drilling Ass'n stock
is now selling at 4 to 1 ; the Texas Star Drill-
ing and Development Company, who are op-
erating along exactly the same lines as this
company, brought in a 10,000 barrel well,
which sent shares in that company over 10
to 1. Many other companies of this kind are
doing as well.
. v L ;
So far according to our information there
has not been a single, failure recorded by a
drilling eompany. Have you ever heard of one ?
Ther eis no reason why a drilling company
should lose money, as it always gets paid for
the dry holes Just the same as for producers.
CONSTANT SHORTAGE OF
DRILLING RIGS
Right now—and with prospects of a long
time ahead—there is a dearth of drilling rigs.
The following clipping is indicative of other
Texas oil fields:
“The situationin Stephens county and to
some extent in neighboring counties, is grow-
ing desperate for lease holders who cannot
get drilling rigs. Some advertisements have
appeared in North Texas papers recently of-
fering rewards for information leading to the
finding of drilling outfits.”—Extra from
Houston Chronicle report.
Trustee
Desdemona,
1 i & I
This is a going concern. Our No. 1 rig is
now located in the famous Desdemona gusher
district just to the south of the townsite. Two
additional drilling outfits ordered and others
will be purchased as early as possible. The
first four wells will be drilled for a cash con-
sideration; another well will be drilled on a
50-50 basis, the coat of the drilling being cov-
ered by the profits from the first wells, as
soon as sufficient cash surplus has been ac-
cumulated from completed cash contracts to
cover our part of the expense.
Therefore you can see that this drilling
company is already in action and may soon be
in a position to pay shareholders a large divi-
dend if it brings in a big well on the 50-50
contract.
In the Burkburnett district alone there are
several hundred contracts open to drillers;
in fact the demand for rigs is so great that
oil companies are paying as high as $11 per
foot.
Hundreds of Drilling Contracts from
$5 to $9 a foot available at this time.
*
i
All money received from the sale of stock
goes into drilling equipment and other rigs
will be put into service as soon as they can
be bought and paid for. Adidtional rigs will
mean advanced prices on shares—so secure
your shares now and get in on a real “ground
floor” basis.
THE SALE OF STOCK FOR CLIFTON AND VICINITY
Has been placed in the hands of Mr. A. C. Derrick, one of the Companies’ experienced
drillers, and Fred W. Nelson, of Clifton, Texas. Mr. Derrick has returned to Desdemona on
a business trip, but will be in Clifton again on Monday, Tuesday and Wednesday of next
week and will gladly explain the workings of the drilling end of the oil game. You can get
information regarding this proposition by calling Fred W. Nelson at the office of the Clifton
Lumber Company.
This stock will not be offered after October 1 1th.
BUY NOW
A. C. DERRICK
* FRED W. NELSON
AGENTS-CLIFTON, TEXAS
PRESIDENT WILSON NOW
USING WESTERN SLANG
Omaha, Neb.—President Wilson
has taken to slinging slang. Just as
soon as he crossed 'the Missouri river
on his league of nations tour and en-
tered the real west, the President
dropped some of his immaculate Eng-
lish and fell into the trite experssions
of the man in the street. Every once
in a while he lets out a line of talk
that is perfectly understandable out
here.
“Tramp on ’er,” the President told
his chauffeur in Omaha, after he
had finished speaking in the audi-
YOU ARE CORDIALLY INVITED
To visit our interesting and instruc-
tive exhibit at the Dallas State Fair,
Louisiana State Fair, Shreveport,
Cotton Palace, Waco, and Pittsburg
Fair, Pittsburg. We invite all our
twepty six thousand former students
one and all, their friends and those in-
terested in America’s largest business
Training School to visit our booth in
the Exposition Building, and see our
splendid exhibit which has won first
honors at four state fairs. Our exhibit
will be interesting and educational to
old and young. We will have demon-
strations on some of the most modern
office appliances which are taught in
our school, exhibit of student's work
in Bookkeeping, Business Training,
Shorthand, Typewriting, Business Fi-
nance, Penmanship, Cotton Classing,
and Telegraphy. A visit to our ex-
hibit will show you why we have the
largest school of the kind in Amer-
ica, you will see clearly why it it that
we can make you a more practical ami
thorough stenographer in three and
one-half months with the famous Byr-
ne Shorthand than other schools
teaching other systems can in seven
months, and why it is with our orig- j
inal copywrighted system of Book-
keeping and Business Training we can
give you both a course of Bookkeeep-
ing and Business Training in. less
time than other schools teaching
other systems can give you a mere
theoretical course of Bookkeeping,
auctioned off by him. It was bought
by J. F. Dowdle and T. J. Galvin, both
of Ranger. The appraised value of the
lot was $350.
JAKE HAMON SENDS $550
CHECK FOR RELIEF FUND
torium and was racing to the depot
to catch a train.
“Oh, they are dreaming—just
dreaming. Some day they’ll wake
up,” President Wilson told his audi-
ence in St. Paul, when referring to
the Sen dors who are opposing the
league < ' nations p".*t.
When Mr. Wilson hurled “meticu-
lous at 1 is Omaha audience, it might
have gon over the heads of most of
them had he not followed it up with
—“or shot d 1 say ‘fincky.’ ’
Presiden Wilson told his audience
out in Coei ■ d’Alene that “they swal-
lowed it ho k, line and sinker.” I hey
“It mvts me sick—it goes against
my digestion,” the President told
Spokane when speaking cf his reluc-
tance to again submit the treaty to
the German Assembly at Weimar.
He has asid “Put up or shut up”
several times since crossing the Mis-
souri river.
“There must be no strings to the
acceptance of this treaty,” the Presi-
dent told Souix Falls people.
“Lone hand," "sit in," "trump card”
"take a hand' and several other like
expressions indicate that President
Wilson knows something about cards.
Jakehamon, Comanche Co., Te xas,
Sept. 25.—A draft for $550 has been
sent by Jake L. Hamon to the author-
ities having in charge of relief fund
for the Corpus Christi storm suf-
ferers. The money is the proceeds of
an auction sale of block No. 1 in Jake-
hainon, which was donated by Mr. Ha-
mon for the purpose and which was
When your food does not digest well
and you feel “blue” tierd and discour-
aged, you should use a little HER-
BINE at bedtime. It opens the bow-
els, purifies t he system and restores
a fine feeling of health and energy.
Sold by all druggists.
The Record and Dallas News $1.75.
If you are thinking of buying a car, let us show
you our new Nash Six. It fills all requirements
of higher priced cars in style and durability.
We also have other makes of cars and some
second-hand cars that we are offering at a bar-
gain.
■j6
LESSEN YOUR TIRE TROUBLES
Let us fit you out in a Goodyear or any of the
other standard makes we handle and get more
mileage at less price.
An Edison Fact
If you grasp the fundamental fact that makes the
New Edison the most wonderful instrument in the
world you will never cease singing the praises of
Thonftas A. Edison for making it possible to have
in your home real music of every kind and description.
The great feet about
"Th* Phonograph milk a Soml"
is its ability to Rb-Creath the art of the worlds great
artists with such fidelity that the Re-Creations can-
not be distinguished even when heard in direct com-
parison with the living artists. Over two thousand
representative music critics have testified that this
is true.
Hear this wonderful instrument at Our store today.
SCHOW BROTHERS
,,, ■ Clifton, Texas
: x;»■ ■, ~ ■ . Ill
Whena man feels good and his
stomach is in good shape he isn’t hap-
py until he goes out and does some-
CLIFTON and VALLEY MILLS
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Baldridge, Robert L. The Clifton Record (Clifton, Tex.), Vol. 25, No. 29, Ed. 1 Friday, October 3, 1919, newspaper, October 3, 1919; Clifton, Texas. (https://texashistory.unt.edu/ark:/67531/metapth776980/m1/7/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Nellie Pederson Civic Library.