Show l b NOTICE 1 v Oil 01 promoters promoter and operators who w holdings of ot value or ol oluse oil ot use lse Texas party in ri city has threes three four wells wels barrel 73 7 dai daily product acres aces 01 or moro mI- with T tools a derrick read ready to t continue drill Also 10 acres acres acres location is a humm to fo promotion GO 50 50 per acre acre f Will il consider er real estate or car p p payment Turn this inside out ups upa up- up down Investigate close coso J Address n Box Dox K S K 6 The Te Herald t a 11 h I Term vs v I Ten Long Term Long Investments ent I I C i r 5 Investors arc rc purchasing term short-term securities because of ot their high yield feld and and relative c price stability There are strong arguments however for purchasing securities which should insure to the thc investor present high income returns for a long period of time An AI ideal combination is s a term short-term security with a privilege of con conversion conver conver- vcr vcr- a I sion into a more Inor investment This combination is afforded by u ua a i the tile notes described below Tv v To yield 8 8 0 Five Year Five Year Secured 1 A Complete U Unit it in an 7 72 Convertible Gold Notes Note Essential Industry of the Sinclair Consolidated Oil Fads Facts and fre fi compiled by b the tIle Oi Sinclair Company Coman l t C Corp Corporation oration te on f Prod Produces uces transports refines t has furnished the 1 at us I following b and markets markes petroleum prod prod- ha fI fIng wing ng n r I I These Secured Notes Note are the te sole A About out 1000 veIs funded debt of the te enterprise excepting equipment notes and other items about ad aggregating App Approximately 2800 miles and against this the audited statement shows total of lines tota I pipe net assets including the te proceeds of this ts note issue 64 Gi pumping stations 5 of over five fhe times the te amount of the te note ise issue Over Ocr 1000 t tank mk ears cars 1 The consolidated net earnings over a series of years ers i make a consistent and convincing record the Inac 10 modem modern refineries with statements showing an amount available for in interest in- in total daily capacity of about 4 b. b barrels I s' s terest d depletion ep 1 etc t c. c equa equal 1 t to 0 D. D St St. times the h annual I interest on these notes note for the te year yea 1919 and ad plants 10 c gasoline averaging over 5 times such interest for the past pat three tree years 1 00 distributing s stations tons in The notes note have the Ute benefit benet of a s sinking g fund fud provision provi provi- 20 slates sion at the rate of every six months for forthe the A About bou t 6 barrels purchase of the notes at or below and ad interest cru crude c oil oi 1 in storage A A. feature feature is the te privilege of converting Marine fleet of 50 tons each 1000 note into ito 1000 par value ten te shares shae in service 8 Cumulative Sinking Jund Fund Preferred Stock Stoc and 2 3 2 shares share Common Stock Stoc of f the Company I 1919 net earnings before interest and reserves These secured notes may be purchased in denominations of 1000 and ad Interest payable without tout deduction for the te Federal Income r Tax fa up to 25 Total similar net earnings for last S years ears 5 6 5 82 W. W Write for or I 11 illustrated e b booklet e k e S We JVe offer these 1 notes noles note for tl inte at 98 and interest to yield 8 r S 'S S an 4 I J. J A. A 5 logic 1 6 Company I S Palmer Bond 6 Mortgage Co l Ed d. d D. D Smith 6 Company 7 Th 1 n lila seMi AUe It ce aar 4 re a arm obtained from sources alce which we Ie bUe to 6 bm eliab |