Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1901-03-01
The Greatest Source Of Wealth
Do You Want ANY of This d?


at the smallest cost and in the short
est time of any branch of enterprise
on earth. All you have to do is to
develope "gusher" and nature does
the rest for you. No delving, nc
blasting, no hardships to endure, nc
danger to encounter, as in mining, but
you may simply sit and see stream
of wealth flow into the vaults of its
fortunate possessors.
Do you not know that one of the
opportunities of lifetime is now pre-
sented to you and You may get in
on the ground floor OF one OF the most
promising Oil districts yet developed?
The Washington California Oil Co.,
incorporated under the laws Of Wash
ington, with a capital stock of $780,
600, divided into 10000 shares of the
par value of ST. per share, absolutely
worcestershire, now owns 44O acres of
the most valuable oil lands in north
ern California. These lands are I'M
developed, but are situated in the very
heart of the "Oil Belt" containing
the very highest surface indications,
with developed oil lands and wells
upon all sides. The best we'll in
California, a flowing we'll. with capa-
city Of hundreds of barrels daily, is on
land adjacent to this Company's hold
ings. Developed oil lands are held at
fabulous prices, ranging from $1,000 to
$1,000 per acre. For the purpose OF
developing the properties of this COM
pany, the directors have placed $780,
GOO shares in the treasury stock, and
of this amount, $4,000 shares are now
offered at ten cents per share, the pro.
ceeds from which will be used in i'm
mediate work incidental to the pre-.
liminary work Of extensive develop
ment. Subsequent blocks will not be
offered for loss than % cents per share,
and possibly for not less than so cents.
Here, then, is the ouly opportunity
for ground-foor" investments. 1t is
the purpose and intention of the pro-
motors to invest $4,000 or $4,000 in
substantial and legitimate develop
ment work, producing wells that will
verify the existence of the oil strata
underlying the Company's property,
with the object of either selling the
lands, or actively engaging in the
production of oil, and in either event
the stock of this Company will then
be Immediately convertible into cash
at many times its par value. One
we'll, with an average capacity of 200
barrels per day. (and many wells pro.
duce 500 to 1000 barrels per day,
each) would mean n net profit to the
owners of from $500 to $500 per day.
These results are now being obtained
from hundreds of holdings in the
California oil fields. When the fact
is taken into consideration that it is
possible to put five, or even ten, wells
on single acre of oil-producing land,
some idea may be had as to the won.
deriul possibilities for marvellous re-
turns from small investment in this
company's stock. An analysis made
of the crude oils obtained from
the district in which this company 3
lands are located, proves the product
to be a paraffin base, from which all
the higher grades of refined and il
Illuminating oils are manufactured, and
by eastern oil experts is pronounced
to be the finest grade of oils found in
the known world-far out-rivalling the
products of Pennsylvania, West Vir-
ginia, Ohio and other eastern oil fields.
The market price for these oils is S.
per barrel on the ground.
FABULOUS FORTUNES MADE.
Many fabulous fortunes have already
been made in the oil fields of Califor-
mia, and in many instances returns far
beyond the most sanguine expectations
OF the investors have been realized
from few dollars invested in compa-
MES at the early inception of their or.
ganization, when ground floor oppor-
tunities were presented. Scores of
companies in California, whose stock
less than one year ago was offered for
ten and twenty-five cents per share. is
now selling the same stock for from
$40 to $25 per share. As an illustra-
ton of these statements, the following
verified incidents are cited:
The Reed Oil Co. sold their property
for 81 500 ,O0O-netting the stockholders
$40 900 for every $50 invested. The
Home Oil Co.'s stock is now selling for
81, 600 per share. The Hanaford is now
quoted at 1928 pr share. The Kern Oil
Co.'s stock in October, 1899, offered
for 20 70 oh
for $l7 per share. Jewett & Blodgett
sold 42O acres OF partially developed oil
land for $3.50 900. Industry, published
at Oakland, reports the sale, to an Eng.
fish syndicate. of go acres of oil lands.
on which there were thirty oil wells. for
81, O00, 600. Chancellor & Garfield sold
their lease on $40 acres for 5000, 900.
The foregoing is cited as showing
the possibilities Of small amounts for
tunately invested, and are taken at
random from hundreds of other and
similar cases.
EASTERN CAPITAL INVESTED.
The attention of eastern capital is
nov turned to California oil lands,
thus giving the industry national i'm
ROi tAHCOs uC diiOuut vi luOuCY lus
vested in oil lands and oil machinery
in that State now amounts to $45,-
OO0, 900, and the increase in oil lands.
rs per expert reports, places q value
on oil properties in California at $780,
100000. From the Los Angeles oil
fields alone. belt Of less than GOO
feet in width, the annual product
amounts to $l5,OO0,OOO. In spite of
the constantly increasing output of
oil, the demand is exceeding the sup.
ply. Coal and wood as fuel are giving
way to oil, and crude oil is now util.
lied on the locomotives OF the South.
ern Pacific Railroad, by steamship
lines, and in the factories and found
ries of California and elsewhere on the
Pacific Coast. As an evidence of the
stability of the oil industry of Califor-
MIA, it may be stated that the Stand
ard Oil Co. are now putting in a $780,
100000 refining plant Mt San Fran.