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THEIARKANSAS PRODU CfRUD Executive Offices: Little Rock, Ark. ORGANIZATION The Arkansas-Texas Company was organized in Little Rock, Arkansas, in September, 1919. Original authorized capital was $250,000.00. Company was organized and stock sold to secure money with which to enter the business of producing crude oil, operating in the state of Texas, Louisiana, Arkansas and other states as might be decided on from time to time by the directors. ITS GROWTH thhhmdiately after its organization the company acquired its first lease in the Burkburnett oil field of Texas. It began drilling on this lease at once and within a short while brought in its first gusher. Since that time other leases have been acquired and other wells have been drilled until at present the Co., has 15 producing wells, 40 different leases, drilling rigs and other, valuable as sets, which will be given through futur2 st.\tements in this paper. THE MANAGEMENT ' This company is managed by a board of directors practically the same as any bank is managed. The board consists of seven men elected annually by the stockholders. Stockholders meet in January of each year, each voting ac cording to the amount of stock he owns. The board of directors elect the presi dent, vice president, secretary-treasurer and look after the running of the company's affairs in practically the sane manner as the board looks after the affairs of any local or national bank. THE OFFICERS The board of directors at present consists of the following men: W. T. Knight, president, Wichita Falls, Texas, reference, City National Bank of Commerce of that city; M. L. Caldwell, vice president, Little Rock, Arkansas, reference, Union and Mercantile Trust Co., Little Rock; C. C. Baker, secre tary-treasurer, Little Rock, Arkansas, reference, Exchange National Bank, Little Rock; J. W. McClintock, presidenlt Bank of Belzoni, Belzoni, Mississippi; George S. Yerger, Mound, Louisiana, rd'erence, Whitney Central National Bank, New Orleans. All these men were successful in their own businesses and are just as enthusiastic over the suacess of the Arkansas-Texas Company. WE ARE NOT PROMOTING A "PROPOSED) OIL COMPANY." WI ONE THAT HAS PRODUCING OIL WELLS AND) IS LOOKING TO Till UP ITS ASSETS TO THE END) THAT IT MAY BECOME ONE OF THE NOT NOT OUT WITH A "GET RICH QUICK" SCHIEME. SUCH THING SCRUPIULOUS PR~OMOTERS. OURS IS A PLAIN BUSINESS PROPOSI ANNOUNCEMENTS. CALL AT OUR LOCAL OFFICE OR WRITE AN The ArkanSas-? See R. F. Evans, Bank of Ma CERS OF O IL Operating Offices: Witchita Falls, Texas DIVIDENDS PAID The policy of the company is to build so that the investment of today may grow into something really worth while in years to come. The investment that counts most among business men in the business world is the one that grows in value from year to year. The Arkansas-Texas Company realized this in the very beginning and has so invested that its assets are today esti mated in the millions. However, in the mean time, while building up, it has also been able to pay liberal dividends to the stockholders. Since its or ganization just,a year ago it has paid in cash and stock dividends a little more than $450,000.00. LOOKING TO THE FUTURE The most successful and substantial oil producing companies of today are those that have, from their very beginning, entered new fields, increased their holdings and expanded and grown with the times. To do thi, to finance these new and larger undertakings, it has been necessary for these companies to get in new and additional capital from time to time. The custom has been either to sell additional treasury stock, issue bonds, or mortgage the company's pro perty for shortloans. Our authorized capital is $2,500,000.00. Only about $1,400,000.00 of this has been issued, the remaining $1,100,000,00 being in the treasury unissued. Having entered new fields and planned to grow and ex pand, the company has decided to raise this necessary additional capital by selling a portion of this unsold stock, ood thus to leave the property free from any bond issue or other encumbrance. A ' AN OPPORTUNITY The Stanar O'il Company, the Texas Company and various other older companies started in a small way. By increasing their capital and building up their' assets they have grown and prospered until today their names aire household wvords throughout the civilized world. TIhe original investment has grown until now every $100.00 is worth perhaps thousands-all accomplished by the "building process." The Arkansas-Texas Company has had its beginn ing. It has succeeded. It plans to grow as others have grown. A portion of this issue of stock will be placed in South Carolina and we believe those who invest with us nowv will not only draw liberal returns from time to time, but also will have an investment that will grow into something reall y worth while as the years go by. ARE FINANCING A COMP~ANY THAT HAS ALREADY MADE GOOD; SFUTURE, PLANNING TO INCREASE ITS HIOLD)INGS AND) TO HUJILD LEAD)ING OIL-PROD)UCING COMPANIES 01F THE NATION. WE ARE S ARE MERELY DREAMS AND) EXIST ONLY IN TH E MIN DS OF UIN TION ON A BUSINESS BASIS. WATCH T11118 PAPER FOR FURTH ER D) LET'S GET BETTER ACQUJAINTED. exas Company nning, Local Representative