Your company now has a total of 252 oil wells in Ohio, 1179
gas wells in Ohio and Pennsylvania, and, through its owner-
ship of stock in the Reserve Gas Company, a one-half interest
in 703 gas wells and 15 oil wells in West Virginia. There were
laid in main and field lines 64.48 miles; in extensions in cities
and towns 10.91 miles; a total of 75.34 miles of pipe.
Officers and directors are as follows: President and Gen-
eral Manager, E. P. Whitcomb; Vice-President, S. Y. Ram-
age; Secretary, David E. Mitchell; Treasurer, Hartman Steh-
ley; Assistant Treasurer and Assistant Secretary, C. D. Dorn-
ing; Comptroller, A. J. Newman; Assistant General Manager
and Purchasing Agent, A. A. Armstrong. Directors, E. P.
Whitcomb, P. W. Lupher, A. A. Armstrong, Jos. Seep, S. Y.
Ramage, H. McSweeney, W. W. Splane, T. W. Phillips, Jr.,
David E. Mitchell.
THE PURE OIL CO.
Prodigious growth has marked the progress of the Pure
Dil Company from its very beginning. Within one decade
the company has developed from an obscure public utility
until it is today one of the outstanding leaders in the
independent oil industry. The tiny rivulet of 850 barrels of
crude oil, which represented the company’s daily production
in 1914, has steadily increased in volume until it now averages
£5.000 barrels a day.
At the time of its entrance into the oil industry, in 1914,
the company was engaged in the distribution of natural gas
to the cities of Columbus, Springfield and Dayton, Ohio.
These gas properties were sold in February, 1924, so that the
company is now devoted exclusively to the production, re-
ning, transporting and marketing of oil.
Some conception of the development that has taken place
within ten years may be gained by drawing a few compari-
sons. In 1914 the assets of the company were less than
$14,000,000. At the end of the fiscal year, March 81, 1924,
they amounted to $211,000,000. When the company began
its oil operations in 1914 it had 3,200 stockholders. Today