PZGE TWO
LA GRANDE EVENING OBSERVER SATURDAY, JUNE 4, 1910
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Don't,
and look at
at any rate; ue aown
life as a steam roller, bound
- ; to csh you fla
jl!-3 ERYONE has some surplus cash at his command which would be invested if the right
JCLi proposition were presented. The right proposition is California Oil. Never in the history
this investment is equally compelling. To those of large means it will more safely conserve their
funds, and insure their greater increase than any other investment. To the salaried man it is
the goal which heretofore has retreated before him as he plodded on. To the wage-earner it is
nothing but economic salvation.
It Is doubtful If any age In history ha ever
presented the same remarkable chances for
rentable Investment which the present age
affords. All American Industries are growiag
o rapidly that waste Is rampant, and yet, with
a- the waste which a prodigal generation al
low, success is the keynote of the age. The
dozens of "self-made men, "kings of finauce."
"captains of industry," etc.. millionaires all,
whatever they are called, attests that fact
The majority of these men were born under
' humbls roofs. But they had the great power
of "seeing big looking for the big things,
the investment that would treble itself. In
crease Itself a thousand fold, with the result
that today they are "on top."
These men were not 2 per cent men they
were not 4 per cent or 5 per cent men. They
were 1000 er cent men, and they dared to use
their own Judgment The late E. H. Harrl
man Is reported to have said that he was not
a 10 per cent man. He wanted a return on his
Investment of as high as 1000 per cent and no
lower than 25 per cent at the least Instances
of the kind could probably be related by the
score, the writer knowing of at least fifty men
who have made fortunes by Judiciously invest
ing In something which would pay "big." The
folly of placing hard earned money in a sav
ings bank to draw from 2c to 3 l-2c per year
on the dollar so placed, while the bank draws
anywhere from 25c to $5.00 or $10 from the
use of that same original depositor's dollar,
seems to me absolutely unmitigated. While Jt
Is true that there Is an advantage to be gained
from hating your money where it can easily
be drawn, If need, the writer cannot see why
the Investor who makes three per cent on bis
dollar would not be Just as greatly benefitted
by having a good stock investment, managed
for him by a reliable financial agent, which
could be disposed of in a moment's time by
the agent, and which would bring him today,
in California, monthly returns in the shape of
dividends of anywhere from 1 per cent per,
or 12 per cent yearly, to 10 per cent per month,
or 120 per cent yearly, with an increasing
monthly value.
California oil is the thing of the day and of
the morrow. You read of it dally. Everyone
Is watching It closely, and It would not be
out of place to say that the Importance, mag
nitude and Interest., now evidenced throughout
the United States, In California Crude Oil war
rants at least reference as to "whence it
came." The ' origin of California Crude Oil
has been the subject of fierce controversy be
tween theorists for a Ion time, the two con
tending factions claiming, one an orralnc ori
gin, explaining that the substance is gen
cated by the action of unflltered surface water
charged with carbonic acid gas upon the sup-'
posedly heated metalic contents of the earth's
interior; the other side claiming that it is a
somple decomposed product of the Organic Re
mains of the former seas and gulfs, L. e. of
marine animal and vegetable life.
The difficulty of deciding between these
views is Increased by the fact that either is
possible, in fact, one can maufacture Callfor-'
nia Crude Oil in the laboratory by either of'
those methods. The argument of the most
weight to the lay mind against the organic
theory is the undoubted enormous quanti
ties or organic matter necessary to give rise
to the, amount of California Crude Oil that has
been produced; not to mention the vast stores
that yet remain untouched. In reality this ar
gument has no weight whatever as the amount
of organic debris Is In almost all shales and
other sedimentary strata is simply uncaucula
ble, and although forming a small percentage
of the whole deposit it is' much more than
sufficient to give rise to all the Crude Oil that
probably exists.
As a matter of fact the defendants of the or
ganic theory only claim that a very small pro
portion of the organic matter actually pres
ent In the rocks has been . converted into
Crude Oil; and in. general the facts are being
brought to light bear strongly In favor of the
organic theory. A notable feature of Califor
nia's Crude Oil deposits is that they occur in
regions where the geology la more easily stud
id than In most parts of the world. In many
countries the reology of the districts supposed
to contain Crude Oil can only be determined
by the drill which ie very severe upon the
prospector, who must to a large extent go It
blindly. In California, on the contrary, the
careful student of formations can get much
help from visible evidences of structure In
the rock formations and the capable reports
and prognostications by the able and schol
arly geogologlsts employed by the larger com
panies and notably those of the U. S. Geogo
logical Survey are probably destined to cure
much of the contempt entertained by the self
styled practical men for the opinion of the
geogollsts; for the opinion of said geogologlsts
given in connection with the immense stor
age of California Crude Oil which they esti
mate by billions, not millions. Is now an ac
cepted fact for California has produced the.
millions, and Is now attempting to make a
showing at the billions. In this connection,
one of the .most notlcable matters in the evo
lution of the methods pursued for the produc
tion of Crude Oil is in the evolution of drill
ing methods and drilling machinery. The dif
ference between drilling methods ten years
ago and now might be compared to the dif
ference between the pick and the shovel and
the steam shovel.
The main shaft of the drilling rig was, In
the old days, about three inches In diameter.
At present it Is six inches, being four times
as heavy and many times as strong, and the
difference in weight, strength and efficiency
Of th machinarv rd tool thrnnybnnt la it
proportion. The weight of one laree drilling
bit, such as is now used, is about as great as
the entire 40-foot string: of tools was a few
years ago and as a consequence It can con
servatively be said that It Is iist as easy to
drill a 4,000 foot hole now, as it was to drill
a 1.500 foot hole a few years ago.
The skill of the miner of Crude Oil has kept
pace with that of the machinery, and the Cali
fornia driller today is the "finest" at the temper-screw
that exists In any field In the world.
The great variation In the character of the
formations drilled and obstacles to be over
come, have given the practical operator an
education not to be had elsewhere.
The character of the -)do now used is also
a fair Index of the chance In the use of mater
ial. Ten years ago 5 5-8 inch casing weigh
ing about 10 pounds per foot, was considered
O. K.; today the same, sized pipe weights
about double. The large sided pipe, say 10
and 12-inch, weighs about 40 pounds per foot,
and an English company used an 18-inch spec
ial which cost $7.50 per foot and weighed 100
pounds per foot, r ' . . :
The facts are noteworthy. In showing the
revolution In methods employed la securing
Crude Oil from the earth. A few years ago,
, the mention of any such size or weight of ma
terial Buch as is now used in California weuld
have been considered rediculous.
The Inevitable expansion of the Crude Oil
Industry in California is Just starting in, and
reports to the contrary, notwithstanding, it
can safely be said, that there never was
enogh produced In the state to warrant and
fear of over-production. It is true that an In
land district without sufficient capital to lay
a pipe line to the seaboard, can sell to but a
limited market But now the scene is changed
For with the grid-Ironing of the state by pipe
lines, all producing d Is trite of any impora-
ance have been put practically on tidewater,
and upon this and the other shores of the Pa
cific ocean are many people as anxious to buy
Crude Oil and its products as California pro
ducers are to sell it
California Crude Oil is the thing of the day.
Never before has tne investor had the same
opportunity of receiving large returns for the
money Invested as is offered you by the Cali
fornia Crude Oil Company. You will have to
admit that you can make money by properly
investing In oil companies. Now . what you
wish to know is, "Is the" California National
vruue uu company tne right Company T" It
is beyond a reasonable doubt ' The company
owns its own land and is managed by conser
vative business men. When you consider th
thousands of acres this company owns you
cannot help but -be convinced of the worthl-
ness of your attention and investment
Supposing we only bored one well to the
acre, and that well produced only fifty bar
rels per day, which you will have to admit is
a very low average all around, Just suppos
ing this the case, can you not foresee the enor
mous income that Will be dprlveri (mm tlia
investment T
One acre would net the Company twenty
dollars per day, "allowing five dollars for run
ning expenses." Five thousand wells would
. net $100,000 per day, $3,000,000 per month, or
$36,500,000 per year. Can't you see the pos
sibilities? It is so phenominal that it hardly
seems possible.
Ttornrria will ntinw . that nrttfcln
-w ..... n it vmmv " nui u ACID L
three months one well In California has pro
duced over one million dollars in oil. Just
think of It. one well in less Mian throA mnntha
haB produced over one million dollars in oil.
Not 5,000 wellB, but one well. Can't you af
ford to invest In a proposition like this? The
stock of this company Is sellin' at 50 cents
per share. There Is no time like the pres-
ent. Buy now, and take all that you can afford.
California National Crude Oil Go.
. IV. HcllaanBldg., Los Angeles, Caf.
Gentlemen : Enclosed fin ' - '
for which please issue me
Subscription Blank
.Dollars
Shares
of the Treasury Stock of the above corporation.
Name
Address-
California
National
Crude Oil Company
1. W. Hfellman Building, L03 Anodes, California