The evening herald. (Klamath Falls, Or.) 1906-1942, 1921-03-24
LOOKS LIKE A
NEW MIDWAY
THIS SUMMER

officorod by substantial local buBi-
moss mon. have filed articles OF In
corporation In this county. and three
arc proceeding with their plans to
begin drilling M soon az II In pos
siblo to bring drilling rigs TO the
scenes OF thoir proposed operations,
Only ono OF tho four companies.
tho klamath OH company. has bc.
gun actual drilling operations. and
most local people aro familiar with
the story OF how, under tho manage
mont OF Neil Campbell. this company
drilled 1853 feet. and then discon-
tinuod drilling TO await tho arrival OF
casing from the east. Mr.. Campbell
feels certain that tho indications
present when drilling was discontin.
ued will Immediately prooede the
arrival OF n gushcr. and n few feet
moro. he thinks. will rolease oil In
paying quantities.
This is tho company In which Cap
tain J. W. slemens. and Ed and
George Bloomingcamp are Interested
and II might add TO the faith rcposcd
In this county as future oii-produc'
ing district TO repeat n statement
mado by Ed Bioomingcamp.
As you are aware" said Mr..
Bloomingcamp. in a letter to the Cra'
ter Lake OIL a Gas company. II am
q heavy investor and stockholder In
the klamath OIL company. Our we'll
10 now down approximately 1900 feet
Tho indications for oil were good
from the start. and progressively bet
ter. At about go feet we found oil
showing. and at 1850 feet We found
further oil showing. At 1850 feet we
found oil in quantity. samples OF
which were taken and anaiyred. We
continued TO drill. but ms gas indi'
cations developed. on advice. We
thought II best to stop NJ 1890 feet
and await the arrival OF casing. Our
we'll IL full OF water. which must be
cased off. u slow proceeding. l am
confident that oil will be found IN
paying quantity In the klamath val
10y. and the moro numerous tho pros
pooting operations. the better for al
concerned"
This statement by Mr.. blooming
k..l,ht Ia. "A N
this county's most reputable men and
would think twice before counten'
ancing the activities OF mon who wer,
not substantial. and who were work
Ing on blue sky" project.
Surface indications must be accept
cd as the first indications OF the cI
istence OF oil. These indications ar,
hero. unmistakably. Experienced oil
men have recognized them. Nor,
than that. oil has actually been taken
from tho klamath oil company's vel
on the Jay Manning ranch. Tho same
indications found there are found In
tho other districts In which the three
other companies will drill. so. argue
the officers and stockh olders OF these
companies. II is obvious that oil Il
here. In the words OF the prospectus;
There In no cock-sure scientific
theory ns to oil. II In found. usually
according TO surface indications. You
should not buy oil stock unless you
can afford to kiss your money good
bye" and suffer no regret or finan'
eial detriment. but, II you have the
money 10 spare. and buy stock. and
oil In quantity Is found. you will
profit enormously. II a dry hole Il
the result. your small investment will
not break you"
This is tho expressed sentiment OF
tho Crater Lake OIL and Gas com
pany and the Northern California Oi)
company. The Empire OIL q Gas com
pany. has as yet no stock for sale
The Klamath OIL company has offer
ed no stock at any time.
The whole story. condensed, Is that
this county though unproven has al
the appearances OF a future oil field
and the reputable men who have In
vested their money in these compan'
les believe that their investment will
be returned many-fold. They expect
TO profit with their fellow stock
holders. and the whole district "a
profit proportionately.