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About La Grande evening observer. (La Grande, Or.) 1904-1959 | View Entire Issue (June 6, 1910)
f ) .xr .1 . ; ..I CE) i y . . . ; . . - . . ' ; : . "J'.'... Don't, at any rate, life as a steam to crush lie down and look at roller, bound rlat. you Tf VERYONE has some surplus cash at his command which would be invested if the right m proposition were presented. The right proposition is California Oil. Never in the history of this country has anything proven so prof itable. To every class of p 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 la doubtful If any age in history has ever presented trie same remarkable chances for profitable Investment which the present age affords. All American Industries are growlig so rapidly that waBte is rampant, and yet, with a'.l the waste which a prodigal generation al lows, 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 humble 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 rnif rrwiav rhAV aia "nn tn "... These men were not 2 per cent men' they were not 4 per cent or 5 per cent men. They were 1000 ner 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 It is true that there is an advantage to be gained from having your money where it can easily be drawn, if need, the writer cannot see why the Investor who makes three per cent on his dollar would not be just as greatly benefitted by having a good stock' Investment, managed for him by a reliable fiuanclal agent, which could be disposed of iu a moment's time by the agent, and which would bring him today. Iu 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 valua. California oil is the thing of tha day and of the morrow. You read of it daily. Everyone Is watching it. closer . and -It would not be out of place to say that the importance, mag- ' nltude and Interest row evidenced throughout the United States, la California Crude Oil war rants ft least a reference ns 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 orrainc ori gin, explaining that the substance ' Is gen rated by the action of unfiltered Burface water charged with carbonic acid gas upon the sup posedly heated metal tc 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, 1. e. of marine animal and vegetable life. The difficulty of deciding' between theBe views Is increased by the fact that either is possible, In fact, one can maufacture Califor 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 stronsly 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 is 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 ; panles and notably those of the U. S. Geogo loglcal 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 nf t.h machinery pd tools thrnnrhnnr Is Ii proportion. The weight of one lar?e drilling bit, such as is now used, is about as great as the entire 40-foot BtrinK of tools was a few years ago and as a consequence it can con servatively be said that it is 1st 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 change in the use, of mater ial. Ten years ago 6 5-8 inch casing weigh ing about 10 -pounds per foot, was considered O. K.; today the same sized pipe weights about double. The laree' sided pipe, say 10 - and 12-Inch, weigh? 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. The facts are noteworthy in showing the revolution in methods employed in securing Crude Oil from the earth.' A few years ago, the mention of any such size or weight of ma terial such as Is now used in California wauld have been considered redlculous. ' 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 Ij tat a limited market. But now the seen Is ohanc'3 For with the grid-ironing of the itata toy pipe lines, all producing dlstritc of any Import- 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 the investor had the same opportunity of receiving large returns for the fornla 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 Crude Oil Company the, right Company?" It is beyond a reasonable doubt. The company owns its own land and is managed by conser vative business men. When you consider the 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 derived from the investment? 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 yeac Can't you see the pos sibilities? It is so phenominal that it hardly seems possible. Records will show that within the last three months one well in California has pro duced over one million dollars in oil. Just think of it, one well in less than three months has produced over one million dollars in oil. Not 6,000 wells, but one well. Can't you af ford to invest In a proposition like this? The stock of this company is sellln at 50 cents per share. There. is no time like the pres ent. Buy now, and take all that you can afford. Galifomia National Grude Oil Go.' I. IV. Hellman Bldg., Los Angeles, Cal. Gentlemen: Enclosed fin for which please issue me Subscription Blank .Dollars Shares of the Treasury Stoc! of tne above corporation. Name ' Address- California National Crude Oil Company I. W. Hellman Building, Los Angeles, California
