St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1901-04-10
WHAT OIL OFFERS.
Some of the Chances that Present Day
Investors are Overlooking.


The past year has wrought marvellous
changes in the financial condition o.
| California. 1t has brought wealth to
many. at the same time, for every man
who has taken advantage Of conditions
there have been thousands who have
overlooked their chances to get rich
The opportunities of 1849 were not a
circumstance compared TO these Of
1901.
Men endured the most terrible hard
ships in 49, taking their lives in their
hands and risking all for gold. And
when they made strike but few were
able to get hold of the wealth they had
discovered because of the enormous ex-
pense of getting it out of the ground.
They were forced to seek the aid of
capitalists and in many instances have
been "frozen out"
This experience is being duplicated in
the Klondike and Nome today.
With the oil industry it is different.
We know by experiment where the oil
is, what it costs to get it and what the
profits are. Many who have solved this
problem are today rich men.
Anu yet lHC Oll lhuuSlly IL Ouly Ill It's
infancy.
The poor man still has a chance.
At the same time the situation is rap
idly becoming critical.
Land, which was notconsidered worth
the taxes and which sold little over
year ago at $1.25 per acre is now being
sold at. from $4,000 to $4,000. The
benefit of this advance is going to those
who assisted in the development of this
land before it's value was fully proven by
purchasing stock at the time it could be
had cheap.
There are still opportunities. They
are growing beautifully less every dav,
though, and those who delay will GER
tainly be telling "bad luck" stories in
the near future.
Eastern people with capital are not
asleep to this fact. Hundreds are hurry
ing to California to examine the situa-
ton for themselves and take advantage
of desirable properties that may be of
fered.
The man with small means must in
vest now or some one else will seize his
chance. These golden opportunities will
uOI ldSL lOT GNCT. luCTG are NUMEROUS
legitimate companies that are selling
their stock far below par to secure the
small amount of money needed to drill
their first well. A few hundred dollars
discreetly invested in one of these may
make the investor independent for life.
Two of the many promising companies
now well started in their development
work are the Medina and the California
Fortune Oil Companies, both holding
some of the richest oil proven lands in
the heart of the Sunset and McKittrick
districts in the midst of big producing
wells, each having one large producing
well itself and Others in process of boring.
Organized under the laws of Arizona
they are therefore absolutely non-asses-
sable. Both selling at so cents share
for short time only, the opportunity
for an absolutely safe and sure invest
ment for poor man, who desires one
which will be bringing in large returns
very soon, seems to be all that can be
desired. Taking into consideration the
care which has been exercised by the
directors in protecting the public, and
also their valuable holdings, we feel safe
in recommending these companies to
investment seekers.
WESTERN On NEWS,
San Francisco, Cal, March Is, 1901.