The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1901-04-19
THE NEW OIL and GAS FIELDS OF
WASHINGTON.

WASHINGTON.
Numerous indications of the pres
ence of natural gas and oil in Spo-
kane and Whitman counties, state
of Washington, and the neighqor-
ing county of Kootenai, state of
Idaho, have for years attracted more
or less attention of the miners, stock
and ranch men who have lived or
for a time worked in these localities.
No serious attention, however, was
paid to the phenomena until the
wonderful production of the Cali
fornia oil fields the past year drew
the attention of a number of Spo-
kane citizens, who had become in
terested in the California and W.
oming fields, to those close at hand.
Members of the Pacific Coal Oil &
Gas company, with experts, exam-
med the fields thoroughly, and after
becoming convinced that natural
gas existed over a large scope of
country, beganleasing such ground
as in their opinion vas most likely
to prove productive. They were the
first in the field and had their pick
of all the lands available. Shortly
after, Professor Aughey, who was
in the city on a visit, was induced
to look over the field, and after max
ing an Investigation made quite an
elaborate report.
The Pacific Coal Oil & Gas conf
pany have embodied most of this
report in a prospectus, a copy of
which will be sent to anyone on ap-
plication at their office, 3O5-3O6 The
Rookery, Spokane, Wash.
1t may be we'll to state that Pro-
fessor Aughey was professor of nat
ural science in the University of
Nebraska for twelve years. He
made the first geological survey of
the oil belt of Wyoming. He is the
author of numerous works on geol-
ogy and natural science. The hon
orary degree of Phi. D.. has be ZEN con-
ferred on him five times and that of
L.. L. D. twice, and his name is fire.
quently mentioned in the REPORTS. of
the Z. 5. Geological Survey as an
authority in matters relative to the
Oil and gas fields of this country.
He has been steadily at work in
the Washington and Idaho field
since his arrival the past winter.
Numerous corporations haye been
formed and a large number Of wells
will be started within the nex 80 or
GO days. The Pacific Coal, Oil X Gas
company control, under a 25-year
lease, $40 acres of land, situated in
the heart of the district. The com
pany is organized with 100000
shares, par value $1.O each. This
stock is all fully paid and non-asses-
able. 100000 shares have been plac-
ed in the treasury for a development
fund and to pay necessary expenses.
The officers are all well-known
citizens, and refer to any bank or
business house in Spokane.
Immense fortunes have been real
lied on comparatively small invest
ments in Oil and gas fields. In fact
no other product taken from Mother
Earth has paid the investor so ger n
erously. History repeats itself and
the lucky investor of a year ago in
the California fields is today happy
in his accumulated riches, as were
his brothers in the Pennsylvania,
Ohio and Indiana fields d decade
and two decades ago.
The time to invest is before oil is
struck. After that stocks are ,isu-
ally withdrawn or advance to such
high figures that the chance for big
profits are reduced to d minimum.
lake t"r instance an example or Two
from t.lt California fields.
The Kern Oil Company'S stbck
sold last October for 20 cents her
share. The: are 0 selling atI$17
-iia"'. SorHc stocks there have gbne
a. !.'-'l - Si'isN per share.
LANDS in Kern county, California,
:'":' went begging at $3.50 per 1cre
" gear ago are HOW selling for $4,000
.:::,: T,'t+n an acre. Hundreds of in
~:":1"t~ can be given of men becbnn-
''..~~ suddenly rich or in very chm
:"Hilhic circumstances by thel in
\~r>tnlent OF Il few dollars. Do mot
."'' as'til oil begins to flow, as it
":li ht too late then. and the fold
:'y'n-."if | had only taken a cha| nee
18TH Tie few dollars I had to SPARE
: IL again come true.
: Ec!iicinber that we have at lour
Nsry doors some of the greatest in
:ssations and prospects of oil, doaI
! aud gas to be found in the .Padifc
Northwest. IF there is oil las iindi-
Gated by Professor Aughey and bbth-
er eastern and California expertl) ii