Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1904-09-21


ing city than it has ever had.
We have passed through the Big
gest oil excitement Of the past
decade, have Witnessed the pass
ing away of all an oil excitement
brings to city, and have lost
hundreds of people from our
midst, and still we have held our
own; in fact, more than kept
even in business and population.
We have now but few oil peo-
pie who want to leave our city.
They have steady work at good
wages, have built homes here, like
the place and are perfectly con-
tented to remain here. A few
will leave, but others will move
in to take their place. A young
man informs us he has been here
for ten years, that never before
in that time has he known work
in the oil fields here to be better,
and says a man who has not
work simply will not labor. The
oil production here is about the
same as it was eight years ago,
the production is all settled, and
the landowners and producers
are all accumulating wealth daily
by the production of oil. The
daily production of oil today in
the old Sistersville field is about
1000 barrels, which is selling at
$1.53 per barrel. When the field
was producing 10000 barrels a
day and selling from 90 to 90
cents a barrel, the present pro-
duction while it is only One-thlrd
of what it was ten years ago, 1t
brings as much money, as the
price is three times higher. So,
as far as the actual cash re-
ceipts are concerned, the oil field
is Just as good today as it was IN
the so-called, palmy days OF the
Sistersville oil field.
Take our city banks as an eX-
ample of our prosperity. While
there is money you can make
money. but when there is no cash
it's hard to make any. We have
the good hard cash here and IN
abundance. Any legitimate emit
erprise can get all the money 1t
wants here. The banks are load
ed up with money, and 1t comes
in to them in a steady stream
daily. No four banks in the Uni
ted States in a city many times
larger than is Sistersville can
show more money and a greater
increase than our home banks
can. Take the figures. On June
9 of this year the total resources
of the First National bank i'll this
city was 1891, 074.49. On Sep
TENDER 9 of this month the same
bank has $917, 1850, an increase
in 80 days of 36,419.2O. On
June 9 the Peoples National
bank had $655,5S3.61. On the
9th of this month it had $685.
67S.76, an increase Of $34, HOB.
The Farmers & Producers bank
increased from $563,373.23 in
June to $57S,375.23 in September,
a net increase of $15, 1925. The
Tyler County bank increased
$4,000 during the past three
months, the increase Of the four
banks from June until September
was over $125,000, making an av-
erage increase per day OF depos-
it's of 1888 for every day in the
week, including Sunday. The IN
crease for the past three months
in our banks equals as mucn cap
ital as the average country Ma
tional bank reaches in years.
These figures show we have mon
ey, that there is plenty Of cash
here, and manufacturers who
would locate here would have
the use of all the capital they
would need to operate their
plants. Money can be borrowed
for Go per annum and lower.
Our bankers are all liberal but
safe and conservative. Give them
reasonable security and you can
get all the money you want to use
in any legitimate enterprise.
We have now running a trolley
line from this city to New Mar
tinsville, going directly through
the new city known as Paden