Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1910-06-18

same after developments-in other words,
the great difference between cost OF pr"
~luCtion and returns thereon, will continue
10 be a rich harvest for the investor just
So long as YOU Middle West and Eastern
pcoplc-you 4 per cent or } pr cent pri
annum folks-remain i'll ignorance As |"
the actual conditions, the sale and proIit
able opportunity offered through an in
vc,tmenl in California oil; just :" long
a. You are held in ignorance and lall t"
grasp the situation. just :" long. and IL"
longer, will the present favorable T"ndI
tione for the investor exist.
Uncle, does it appear right in these days
OF keen competition and small profits that
land in an oil bearing district can be pur-
chased Tor 4 lew hundred or 4 Jew thousand
dollars per acre in view OF the TACT that
a single wcll-and the average allotment
in this state is about one we'll !" the acre
has produced during the past month Cali
lornia oil To the net value OF over one
hall million dollars.
You will say this is an exceptionally good
we'll; granted, 50 it is. Vt present 1t Is
the largest producer III the great state OF
California, but remember We have had the
largest producer before and logically we
will have it again because We have the oil.
1t has been there for ages, according t"
scientists, but it is only recently that mans
ingenuity has succeeded i'll turning out tn"
heavy drilling machinery and casing 1"r
the we'll, that were absolutely essential III
order t. 90 alter the oil properly in Cab
fornia.
The present big well may truthiuliy be
called an accident or drillcr', we'll, because
the men VIII" owned the property decided
that they had gone deep enough amt
ordered the work stopped As they had
already gone through 4 sufficiently large
quantity OF oil sand t" make a good we'll,
but the drillcrs. the men behind the gun,
went about 40 feet deeper and struck tn"
large body OF sand which "brouEht IN
is pumped, such as those operated i'll the
Kern River held, which district has during
the present large gusher.
We also have wells from which the oil
the past ten years produced | should judge
about 100 million barrels Of California
oil. ii course YOU must remember thar
am now referring t" the oldest large
producing field in the state. Another field,
winch has been actively developed llntI
more recently and is producing 4 greater
quantity Of oil from 4 much less number
Of wells. is the Coalinga field. which YOU
will note on the map | am enclosing, Is 10
Gated northwest of the Kern River. which
at present., in point OF production. Is the
creates, producer of them all. In fact 1t
is called the Wondcriield. However, | Will
refer to Coalinpa later.
You must bear i'll mind, Uncle. that ii j.
not at all necessary for 4 company To bring
III or strike 4 Big we'll in order to make 4
handsome return to the stakeholder upon
his investment. II the striking OF a big we'll
were necessary il would place the oil bust
ness on the same level as gold mining or
any other kind OF mining that is in the
chance or hazard class, but when you un-
derstand the subject fully you will agree
with me that the returns to the investor
are just as sure and rcgula: to lay nothing
about being much better than are those
from your store.
As a case in point to show what even
the small wells can do for the stockhOlder
| know OF one company with wells that do
not average 40 barrels of oil per day which