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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 25, 1919
Page
2
An appeal to San Antonio residents to join a large oil venture, outlining acreage, drilling plans, and a reimbursement scheme. Promises quick profits, a $10,000 matching fund, and a push for extensive publicity across the United States and England to attract investors and ranchers near San Antonio.
San Antonio business leaders are urged to back a major oil development initiative as a path to regional prosperity. The plan promises marketable shares and a strategic foundation designed to offset potential losses from reduced military activity, with early investors getting the initial chance to participate and a second chance after initial offerings test sentiment.
Terms outline stock subscription opening February 28 at 10 o'clock and closing March 1. Applications require 10 percent, 40 percent due at application, 50 percent due in 30 days. In oversubscription, pro rata allocation and possible rejection with refund. Unsold shares rise to 1.40 March 3. campaign planned in major cities. final price set to 1.50 after March 26 closing.
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