Glen Craig Tobias letter to Unknown Recipient - February 14, 1918

Transcript

[Kansas City, Missouri], [February 14, 1918] Dear Sirs:- I am reliably informed that the Pep Oil Company, in which you are a stockholder, has a note of $1530.00 to meet in a Wellsville bank at this time, and I am further advised that the company is not financially in a position to meet this note. I am further informed that in order to hold their leases in the Wellsville field it is necessary for them to drill another well and to complete same not later than March 28th. I am informed and understand that they are not in a position to drill this additional well or to meet their note, and in the event of their failure to do so it will be possible that their leases will be forfeited. In order to protect my own investment in the company and the investment of several of my friends, I am prepared to offer you 25 [cents] per share for the number of shares you may own in the above company. I will only purchase 12,000 shares of this stock at the above price, and it is my intention after securing control of the company to have it voted into the Choctaw Chickasaw Oil and Gas Company, of which I am President. If the plans as outlined materialize the stockholders who fail to get their stock in among the first 12,000 will have the alternate proposition of taking one share of stock in the Choctaw-Chickasaw Oil and Gas Company for every share of stock they gold in the Pep Oil Company. If you wish to sell your stock it will be necessary for you to sign the enclosed option and return to me by first mail. Your very truly, G.C. TOBIAS. Address: Glen Craig Tobias, 1717 McGee St., [Kansas City, Missouri]