The Detroit times., 1910-01-19
BUYING OIL STOCK
IS PURE GAMBLE
California Alberta Co. Hasn't Even
Well, Yet Is Milking Detroiters
of Hard-Earned Cash.

Apparently there are plenty OF peo-
pie OF moderate incomes in Detroit
who are willing 10 give up real cash
in the bank. earned or inherited, for
/ paper shares OF stock which, may or
may not ever be worth anything. This
! supposition may be deduced from the
fact that a Toronto broker has found
| IL profitable 10 continue advertising in
certain Detroit newspapers. spending
hundreds OF dollars for advertising
space and even increasing the size OF
his ads
Ii is the man or woman with a 1T
tle money 10 invest who is reached
through bonanza advertising OF thls
sort. And the history OF such bonanza
offers is thar very few persons get any
large returns The man OF wealth and
experience is able 10 hire experts. 10
get in on the ground floor in such
companies as have real prospects. and
he does not interest himself in mining
or oil advertisements Offering great
returns for little money
The CalifcrniarAlberta Oil Co. the
stock OF which is being offered in this
way. has been touched upon before in
The Times. A full perusal OF the lit
erature sent out BY II TO persons ask
ing for particulars discloses the fact
that even the promoters realize that
their proposition is only gamble. The
following contrasts between the state
mt nts made b. the company itself and
the advertisements OF the broker are
interesting. This wonderful indus
try may be your opportunity-the
chance yUu may regret II you allow II
tc slip by unheeded.' says the broker
We do not guarantee that we shall
strike OIL says the company
NO doubt but that the oil fields
north of Edmonton will be the greatest
and richest In the world and the reve-
nLe and dividends which will be pail
from them will make many. many peo-
pie rich. wealthy and happy states
the advertisement
I'VE cannot guarantee you anything
except a square deal - we appeal
TO the man who can AFFORD the posi-
BILE loss OF a speculation~ states the
companys prospectus.
Even the broker covers up possible
future consequences when he says. 1T
would be worse than folly for me 10
tell you that shares in the California
Alberta Oil Co. will make this won
derful increase or in fact 10 make
ANY POSITIVE STATEMENT as TO
what they would be worth year from
now"
Yet great many people must have
paid in the money that they have
worked and saved TO get or else the
broker could not AFFORD 10 run the eX
pensive advertisements which sell
these shares which he will not even
promise will have any value.
The situation with regard to this oil
field as shown by the literature issued
BY the company itself. is that there
are traces OF oil. asphaltum and
natural gas in a vast stretch OF coun-
try In northwestern Canada. One com
peny in this district. approximately
In size Of one OF the peninsuas of
Michigan. has struck on in paying,
though not remarkable. quantities.
The California-Alberta Oil Co. has
oil rights on six pieces OF land in this
district IL has no wells. according 10
its own statements; It has no assur-
ance that IL ever will have any oil.
except that the appearances on the
surface 400 feet above where the
oil bearing rock strata might be, are
similar 10 the appearances In certain
parts OF California where oil has been
found
Inasmuch as il often happens. even
in fully developed fields. that a tract
OF one side OF the road may have oil
and the farm on the opposite side not
even a trace OF petroleum the pros
poets Of big returns from these six To-
cations IN the Canadian wilderness
can be easily estimated Every test
well viii cost money! great deal OF
money amt if there should be- oil.
the Investor Will get a portion of the
returns. The promoters and broker the
rest.
II is TAR from an almring prospect 10
anyone Who is even remotely familiar
with oildrllling conditions. but u
seems 10 get the money perhaps the
money ~ those WHO can least afforI
90 gamble iu such an uneven game