Wadsworth semi-weekly dispatch. [volume] (Wadsworth, Nev.) 1899-1904, 1900-03-06
}InDoandsa lU.aE!b
tn tbs Oil Fields.
Capital Becoming Interested IN the
Big Panoche District.
OIL Is Oozing Through the Ground on the
Property Of the Dos Palos
Company.

It is matter of common knowledge
that in recent years millions upon mil
lions of dollars have been realized
from oil properties in other States. and
It should be a matter of universal re-
ioicing now that the possibilities Of our
own fields are fully demonstrated, both
by the wells already flowing and the
disinterested expert opinion given on
the oil indication by the State Geolo-
gist and others of lifelong experience
and unquestioned integrity. 1t is no
wonder that the attention of the pru-
dent investors from all over the world
is being attracted hither, for all signs
from every conservative point of view
clearly show that the future Of the oil
districts Of California is not an expert
ment, but an assured fact 1t is only a
question of time when the fortunate
possessor of oil stock In this State will
share in a duplication of the many mil
lions which have been made in other
fields says the Stockton Mail.
Of, the different oil producing dis
tricts now being developed none are
coming more rapidly to the front than
the Big Panoche district, situated in
Fresno and San Benito counties,
where oil Of a high grade has been
known TO exist for the past twenty-five
Years. The old settlers have reported
from time to time the phenomenal oil
ndications-sand and oil bearing rock
from which the oil oozes. This seep-
age is Of very high gravity for sur
face oil and may be easily dipped up
from the many pools where 1t flows out
Of the oil sand and groupings. II is a
fact that wells have been dug for stock
aad house purposes for years, and that
the water is SO impregnated with oil
that it cannot be used, stock refusing
% drink 1t and the settlers having to go
miles for fresh water for their own use.
Hearing reports of this region and
knowing Of the great success of the
Union Oil Company in this section, the
interpretations OF the Dos Palos Oil
and Development Company, in COM
rsny with some of the old settlers Of
Panoche valley. concluded to form
corporation and develop the lands Of
This now famous region, which resulted
in the above named company controll-
ing l2.l6O acres of some Of the best
oil lands in California.
""a'o On August %. 1899. 1.-The company
went into business. and since that time
have sold 10000 shares Of develop
inent stock In close proximity to
taese lands eahe lands Of the Union,
Century, San Jose. Petroleum, Pano-
cAita. Esmeralda and other wealthy
companies. Six months will probably
tell the story. and 1t will be story that
VII startle the people of this Coast by
the unbounded wealth that lies stored
UP there. II is predicted that it will
not only bring thousands, but hundreds
thousands, t6 the lucky stockholders
Of the different companies operating In
teie fields, One Of these is the Dos
faios OH and Development Company.
"loio officsrs are M. Christian, Presi-
dent; J. E. Place. Secretary4busnessI
"el Of many years standing and
h'n2f- who haya always beensuccess-
'1' N every pursuit they have under
t-&sI.