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Show 1PR0VQ MEN WILL DEYELOPE UINTAH OIL m Jeese Knight, Jos. B. Keeler, J. R. Mur-dock, Mur-dock, All of Provo, and These Combined Com-bined With Oflden and Salt Lake Capitalist, Will Form a One Million Dollar Company. 1 Preliminary steps toward the organization organ-ization of one of the biggest, if not the biggest, oil companies yet launched in Utah, were taken yesterday afternoon after-noon at a meeting of IProvo, Salt Lake and Ogden men and women contrilling extenoive holdings in the Uintah basin. bas-in. The property includes what are generally termed the Murdock holdings, hold-ings, and the meeting was held at the office of D. H. Gubtaveson, in the Boston Bos-ton building. While the details pertaining to the organization remain to be worked out, it was generally understood that the new company would be capitalized at $.1,000,000, divided into 1,000,000 shares with a par value of $1 each, and that in the neighborhood of 90 per cent of the stock would be placed in (he treasury to provide funds for development de-velopment purposes. It was the sentiment sen-timent of the meeting that the capitalization capi-talization should be ample to provide funds not only for the development of the lands, but also for the erection of a refinery when sufficient oil had been developed to warrant the construction of such a plant. IA11 told, the holdings of the men and women represented at the meeting were between 15,000 and 20,000 acres of what are believed to be the choice oil lands of the Uintah basin countrv. Of this large acreage it was agreed without question that fully 15,000 acres, and possibly the entire 20,000 would be turned over to the company. All of the lands included in the holdings, hold-ings, or practically all of them, were carefully and thoroughly selected by Mr. Gustaveson, a petroleum engineer, after a lengthy and thorough investigation investi-gation of the oil potentialities of the J basin. ' . I Committees were appointed at the meeting to work out the details In connection con-nection with the organization, and it lis expected that articles of incorporation incorpora-tion will be filed before the end of the month, and that preparations looking to early development of the field will be well under way by the arrival of spring. It was the sentiment of the meeting, also, that the organization be effected on a very conservative basis. Neccessity for this was emphasized by 'Mr. iMurdock. who acted as chairman of the meeting. (Among those Interested In the proposition pro-position besides Mr. Murdock, are George H. Brimhall, Joseph B. Keeler and Jesse Knight, all of Provo; Lyman Ly-man Martineau, M. C Godbe, A. H. Crabbe, John T. White, J. L. Brown, A. tH. AVoolley, Dr. R. 8. Olson. D. H. Gustaveson, J. W. Musser. William Spry, Mrs. C. . Rampton. R. R. Lund-lin, Lund-lin, Reuben May, John Pingree, Dr. iR. R Rupert and A. 8. Bllsberry, all of Salt, Lake; W. H. Shearman, R. A. Moyes, Parley T. and F. L; . Wright, Chambers, John' A. .Sneddon, U. II, and R, S. Brooks, Joseph H. 'Myers, George J. Cunningham, Daniel Conway. Con-way. George Timmerman, A. F; and C. I Miller, J.; W. Pike; - George D Wheat, J. (H. Knauss. W., C. Camp, M. S. AJdcn. Thomas S...Feeney, .J5. C. 01-een, 01-een, Dr. E."M. Cohfoy, Thompson Cam", C; Chapm; Dr: JCj CarVHUttll -of Ogden; I. B. Perrine, Twin Falls. Idaho; Ida-ho; T. Jf, Douglas, Idaho Falls. Idaho; A. K.. and H. I. Beller, JJarold B, Rampton Ramp-ton and T.'iE.' Morgan, all of Los Angelas; An-gelas; 'John Van Foiisen of"1 Omaha; and Wrs. illattie. L. H. Cartwright of Oregon, 111. , , u, ... . ...... |
