The Marion daily mirror. (Marion, Ohio) 1892-1912, 1910-04-30
tReprlnt from article to be pub
lished shortly)
O|LsFOUND
;;;s;i asa. At PROSPECT
Fortunate Stockholders
Win a Fortune.
Prospect oil and Gas Company Drill
500 Barrel WcIl--Stock Jumps
From SO to $500 IL Share.
(Ry speclaI CorrespondentD

(By Special Correspondent)
Prospect. Ohio. (somc future date)
OIL AT LAST! In those three words
the fortunes of many men have been
established Oil has been found In
paying quantities in Marion county.
Prospect well No 1 which has just
been shot come In at 800 barrels
day Thousands of people have been
attracted to the scene of the strike
and one of the greastest booms ever
experienced In Marion and Marion
county is os in full blast, The great
well located .ust one mil, south of
Prospect is flowing forth its crude
OF over the srrounding territory for
so far It has been impossible to curb
the strong flow of oil and gas.
Yesterday afternoon at O'Clock
The go-devil was dropped down the
hole whi,n h. d been drilled for Il
depth of almost 3G0G fec, inr) the
Trenton s,rl. over 100 quarts of
nitro-glycorinc had been carefully
lowered and when the eXplosing
came IL shook the earth and few
seconds l,er the oil spnr'cd forth
over 200 'se, over ne top nf ne der
Prospect, Marion, Delaware and 9TH
or towns were present and great
many of them were spattered over
with the oil so great was its force.
The people for miles around came
to witness the shooting They came
In automobiles, buggles and on foot
anyway to get there 1t was the
first well that many had seen shot.
When the Trenton sand was encoun-
tered a few days ago and tho strong
presence of gas and oil was shown
IL became generally known that a
big producer was to be the result
and nobody was disappointed.
Some months ago number of
men In Prospect and Marion decid-
ed to make one last test for oil and
they formed the Prospect oil and
Gas company with capital of
$4,000 divided into 5000 shares of
SO each. The stock was fully paio
and worcestershire After the shoot
ing of the well great crowd
who had not purchased any stock I'm
the beginning became wild about Il
and bought all they could from the
fortunate stockholders, running the
price of the stock up from $40 a
share to $50 I'm less than that many
minutes. But few of the stockhold-
ers wished to sell however and the
price of the stock will probably be
around $500 i'm a few days. The
company owns 10000 acres of leased
land and the value of 1t is estimated
to be from 100000 to $1,000, 900.
nff gtA
all wildly enthusiastic about the
prospects and are planning to put
down number of new wells at once.
Over 10 new oil companies have
been formed and In a short time the
whole country will be brlsllng with
derricks oil men and capitalists
have come into this section on
every train and the whole country
Is discussing the find night and day
A boom is on In Marion and real
estate values are on the Increase fast.
Merchants are busy and everything
points to one of the grandest periods
OF activity dear old Marion ever had.
The stick In the Prospect oil and
Gas company has been handled by
Jules " Barnd of Marion.
N''S iiiNhht Nbtn SOu ott tnc IL
bove article In print on the front
page of this paper at some future
date. are you going to tell your
neighbor-"Yes. l had an opportun-
ity to buy some of the stock, but
didn't have the nerve. You don't
know where | can buy any now do
you?" Hadn't you better see me
now and take some of the stock be-
fore that article Is given to the pa :
pers and published on the front
page? Remember the stock is only
$40 q share and the striking of oil
VIII send 1t up-up-upward to at
least $40, $50, $40. 500 or more
dollars, the shares are going fast, the
well is still going down, and you are
still waiting-waitlng for what?
Now Is the time to buy and now Is
the only time)