The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1910-06-18
Stock Now Selling at 90 cents per sha

the great difference between cost Of
production and returns thereon, will
continue to be a rich harvest for the
investor just so long as you Middle
West and Eastern peope-you per
cent. or per cent. per annum folk
remain in ignorance as to the actual
conditions, the safe and profitable op-
portunity offered through an invest
ment in California oil; just so long
as you are held in ignorance and fail
to grasp the situation, just so long,
and no longer, will the present favor
able condition for the investor exist.
Uncle, does it appear right in these
days of keen competition and small
profits that land in an oil-bearing dis
trict can be purchased for a few hun
dred or a few thousand dollars per
acre in view of the fact that a single
well--and the average allotment in
this state Is about one we'll to the
acre has produced during the past
month California oil to the net value
of over one-half million dollars
You will say this is an exceptional
present it is .he largest producer in
the great state Of California, but rem
ember we have had the largest pro-
ducer before and logically we will
have 1t again because we have the
oil. 1t has been there for ages, ac-
cording to scientists, but it is only
recently that mans ingenuity has sue
naadpd in
ling machinery and casing for the
wells that were absolutely essential
In order to go after the oil properly
in California.
The present big we'll may truth
fully be called an accident or drillers'
we'll, because the men who owned the
property decided that they had gone
deep enough and ordered the work
stopped, as they had already gone
through a sufficiently large quantity
of oil sand to make a good we'll, but
the drillers the men behind the
gun," went about 40 feet deeper and
struck the large body of sand which
brought in" the present large gush-
er
We also have wells from which the
oil is pumped, such as those operated
in the Kern River field, which dis
trict has during the past ten years
produced l should judge about 100
million barrels of California oil. OF
course you must remember that I
am now referring to the oldest large
producing field in the state. Another
held, which has been actively develop
ed much more recently and is pro-
duclng a greater quantity of oil from
much less number Of wells, is the
Coalinga field, which you will note
on the map l am enclosing, is located
northwest of the Kern River, which
at present in point Of production, is
the greatest producer Of them ALL In
TACT it is called the Wonderfield How
ever, l will refer to Coalnga later
You must bear in mind, Uncle,
that it is not at all necessary for a
company to bring in or strike a big
we'll in order to make a handsome
return to the stockhOlder upOn his
investment. If the striking Of a big
well were necessary it would place
the oil business on the same level as
gold mining or any other kind of
mining that is in the chance or haZ-
ard class but when you understand
the subject fully you will agree with
me that the returns to the investor
are Just as sure and regular to say
nothing about being much better than
are those from your store.
NS case in point to show what
even the small wells can do for the
stakeholder ] know Of one cOmpanv
with wells that do not average 40
barrels ot OIL per day which tied up
us product for a term Of years with