Evening star. [volume] (Washington, D.C.) 1854-1972, 1901-03-09

is at least $4,000 per acre, and that the
| proved oil lands of the state, a ten
barrel basis only, is over $1,000 0O,0 900, and
on forty-barrel basis $500, 600 OOO which
IS 100000 more than the total gold pro-
| duction Of the famous Comstock mining
| lode. Some wells producing from 100 to
| 800 barrels daily actually worth for
| their product $4,000, and values are esti-
| mated not on the acreage, but on the pro-
| duction of the wells.
Lucky Men on the Spot.
! Three personal experiences are very in
| teresting. A little more than a year ago
| Richard Ellis young man, went from
Bradford, Pa, to Los Angeles for his
| health. He became interested in oil and
| bought ten shares of the Home Oil Com
pany's stock for $780, After little the
stock advanced to $40 per share, and Ellis
sold three, more than paying for his origi-
nal investment. He held the remaining
seven shares.
In a short time the noted well of the
Home Oil Company was acquired. The
stock then began to jump with great
strides, and advanced from one point to
another until it reached $4,993 share in
the open market When it reached the S4,-
500 mark Richard Ellis sold his seven
| shares, receiving therefor S31, 800. Adding
to this amount received for the three
shares previously sold his original invest
ment brought him return of S31, 800.
poorly clothed. looking for years for a
| purchaser for his sun-baked acres at the
mouth of Brea Canyon at IS per acre, but
had no difficulty in selling 1t at S1S5,0o0
last July after a flowing well had been
drilled on the adjacent property.
John A. Bunting of the Kern river dis
trict bought railroad land at 50 30 per
acre, and two months later sold it to the
Peerless Oil Company at 500 per acre,
and they have since refused an offer of
$4,000 per acre for the same land.
These cases can be multiplied many
times.
Eastern Star Will Retain Half.
The plan of the Eastern Star Oil Com
pany Is simple one. 1t will sell 1000 900
shares Of stock and hold LOCO, 900. This is
so plainly businesslike that 1t meets the
old objection, eff the company has such
good thing why does it give the public a
chance?"
The newspapers in the vicinity of the oil
regions speak highly of the Eastern Star
property and of the men at its head. The
Los Angeles Oil Era and the Los Angeles
Herald tell of the splendid location for
money-making. The Bakersfield Morning
Echo, right on the ground of the Kern
river district, said, on February .:
1.-The Eastern Star has about completed
its rig on 29-2S-2S The company has thor
oughly equipped itself for a lively cam
paign Of development work by moving in
one Of the strongest rigs in the field. This,
coupled Win the TACT IndC tn6 company
owns one of the choicest tracts in the dis
trict, should make the Eastern Star shine
brighter than ever
On February the Echo said:
1.-The Eastern Star, on 29-2S-2S. is not
only the owner of one of the choicest
tracts in the Kern river field, but has ex-
tensive holdings at Newhall, Kramer and
in the Los Angeles field. In the latter
field the company has three producing
wells. Two rigs will shortly be at work
on its Kern river property, and it is safe
to say that in the near future several good
wells will be added to its number That's
about the only kind they strike on %"
These Men Know the Property.
The following leading men in Bakersfield
the most prominent oil men in California
speak thus highly Of the tract In their
neighborhood owned by the Eastern Star:
bakersfield, Cal. Jan. 80, 1901
'"To Whom it May Concern:
I'VE, the undersigned. hereby certify that
we perfectly familiar with section %.
township % south, range % east, NJ.
MIA, and further certify from our
personal knowledge of the above
described section of land that said
land is one of the most valuable sections
of oil property in the Kern river district
"All land in this section is worth from
$500 per acre to $4,000 per acre, and
even more. according to present develop
ment on same. The twenty acres in this
section Helu by the Eastern star COM
pany of Los Angeles is exceptionally good
land, and it is known that the 100 acres i'm
mediately south of the twenty mentioned
cannot be purchased for 81 ,O0O, 0O0-in fact
not sold at any price.
&c. LINKENBACH.
~. J. MACK,
at SPELLACY,
''E. II. LOVELAND,
''E. P. FALLS,
civilian H. MASON"
The Washington Office of the Eastern Star
Oil Company is rooms 1907 Evening Star
Building. Here l.. Z. Pike & Co., bankers.
will give further particulars, or will send
bank references and other blanks. Many
letters from California are on file in the
office and they will be shown gladly.
The following telegram explains itself:
Los Angeles, Cal, Feb %, 1901.
L. E. Pike & Co., Phoenix Building.
Springfield, Mass:
Los Angeles Herald states today that Sec
ton 49, Kern river. is worth ten million
dollars, and is now paying good interest
on that amount, and only partially devel-
oped. We have two rigs drilling on our
twenty acres, and derricks Nos 3 and 4
being erected.