Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, March 09, 1907, Image 13

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THE ATLANTA GEORGIAN AND NEWS BATUKUAY. NAKi.ll t, 1W7. •.. GEORGIA PETROLEUM ... WE'VE STRUCK NATURAL GAS NOW LOOK OUT FOR OIL! It Is now almost a certainty that Georgia la loon to have an oil Held and that the fortunate bolder* of thle company'* atock are coon to aee their •lock soaring upwards In value to $10. |25. or )100 per ahare. We have all aloug maintained that there waa greater evidence of the exlatence of a great oil Held In Jefferson county and Eastern Georgia than waa to be found anywhere In the country before oil well* were actually drilled to the oil formation. So thoroughly did we be lieve this that we went ahead with the drilling of our flrat oil 'well, the offl- cera and director* of the company put ting large amount*' of money and a great deal of time In with the money , of the other atockholdera, thus show ing tbelr good faith—backing their judgment with their mpt)4y. And now after drilling the well to a considerable depth, about 750 feet l we dare not be deQnlte as will be ex plained further on), we have developed such tangible facts aa to warrant us In saying that we are almost certain of finding oil In large quantities In a few days. Late last week the drill penetrated a soft formation from which there flowed a lalge quantity of natural gas. In fact, for over two days this gas was very noticeable, the flow ceasing only when the drive-pipe was driven down through the formation, thus shutting It off. Now natural gaa la the Invariable ac companiment of crude petroleum. It la the product which escapes when oil la fermented or distilled from the animal deposits which are the source of the oil. We have great and good reasons, therefore, for feeling highly Jubilant over the work to date and for our In creased confidence In the result of our operations. . . Now look out for the announcement that OIL HA8 BEEN STRUCK. We have other reasons for feeling good. We are told by geologists that we will find the crude petroleum In what Is termed, geologically, the "Low er Cretaceous rocks." The Cretaceous series of rocks, which underlie all of Jefferson county and much of Eastern Georgia, were formed way back In bygone nges when the Atlantic ocean reached clear up to the edge of the Piedmont Plateau. All the eastern portion of Georgia was at one time under the sea. As the waters gradually receded they left deposits of sand and clay and formed what Is known as a coastal plain—the same formation as those of Texas and Cali fornia where Immense oil fields have been opened up. At the time the ocean extended up to that point the coast line was Inhab ited by monstrous animals, flying rep tiles, etc., by the side of many of j. which some'of the sky-scraper build-/ Ings of our cities would look like mere playhouses. Many have seen pic tures of the Dinosaur and other kin dred mammoths which belonged to the above age. Some eruption of Nature took place and burled these millions of-mon strous animal bodies In these Creta ceous sands and their bodies undergo ing a process of natural distillation, produced the crude petroleum which la found flowing from the ground In many places In the region surrounding the properties of this company. These large aiflmal'bodies are what Is known as the Lower Cretaceous matter. Later on. after the death of these monsters, the coast was Inhabited by smaller animals—reptiles, flab, shell fish, etc.—large In comparison with moat of our more recent animal life, to be sure, but small In comparison with the monsters which preceded them. So, In drilling an oil well In Jefferson cotinty we expectetTta find at all times a deposit of sea,sands, clays, etc. We expected to find two layers or deposits of Cretaceous matter or animal re mains—the y>p one belonging to the Upper Cretaceous age, consisting of the remains of small animals, the lower one belonging to the Lower Cre- taceoul age. containing the remains of large animals. Here Is what we have found to date: First, vast deposits of sands and days, which will be In evidence all the way down. 8econd, A VA8T DEPOSIT. OVER 70 FEET IN THICKNESS, OF UPPER CRETACEOUS ANIMAL BODIES, AND NATURAL GAS- E8- CAPING FROM THIS FORMATION. We have samples of hundreds of bones, tusk*, shells, etc., which came out of the well which can be seen at our office. So, link by link, the chain of evi dence which Nature established to show that an oil Held exists In Eastern Georgia Is being unwound and every link exactly fits tho rules laid down * for the existence of an oil deposit of great magnitude. We have passed through the Upper Cretaceous deposits. We are liable to tap the Lower Cretaceous deposits at any minute—and when we do there will be witnessed the greatest Indus trial revolution the South has ever ex perienced. Surely the next few weeks —possibly the next few days—will bo millionaire making days. We are get ting close to It—closer every day the drill Is sunk farther Into the earth. The deeper we go the more valuable does the stock of this company be come, for one by one we are removing the speculative features. Day by day we are establishing the chain of evi dence. One by one we are picking up the links and are forging a chain at the end of which there Is an oil Held for Georgia and millions for the stock< holders of this company. STOCK A GREAT BUY. With high-grade crude petroleum flowing from the ground In at least a doxen known places: with every as surance from geologists, chemists, ex pert oil men and others that we have practically unmistakable evidences of a great deposit of oil beneath our vast Organized Under the Laws of Arizona CAPITAL STOCK 590,000 SHARES Par Value, $1 per Share. Full Paid. Non-Assessable. Treasury Stock, 300,009 Shares OFFICERS AND DIRECTORS: OTTO O. TAGUE, President Savannah WM. F. LITTLE,Vice President, ..Louisville, Oa. L. E. FARMER, Seo’y and Treaa., Louisville, Oa. WEIGHT HUNTER Savannah, Oa. HORACE E. FRAME Savannah, Oa. J. R. PHILLIPS Louiiville E. B. HOOK.... Augusta JOHN F. 0ELMO RE Brooklyn v properties; -With an oil well now drill ing on those properties, and half way completed; with thousands of dollsss' worth of machinery and material on our properties for the prosecution of our development work, we have main tained all along that. Georgia Petro leum stock at 40 cents per share was the best semt-speculative stock before the public. Hut with the additional evidences and proofs added as outlined above: with every day's work proving that the* scientists knew what they were talking about when they said we would get oil; with a flow «of natural gas already established: with the finding of the Upper Cretaceous formations as. we were told by HClontlsts we must find them; with every single development to date minting directly to the finding of an oil deposit In a few days—with all these things added to the evidences we .have hsd all along and corroborating us In our deductions, wc say unquali fiedly that Georgia Petroleum at 40 cents per share Is the best stock ever offered to Georgians. We have never made the mistake of saying that the stock Is not specu lative to a certain extent, and we do not Intend to say so even now. But we do-say that It Is less speculative now than ever before and that It' Is by far Jess speculative than 90 per cent of the stocks which are being offered the pub lic. And when you buy this stock you may rest assured that you are at least going to get a Square Deal. But who would not be willing to take a little chance along with u.i In view of the small amount of speculation that now remains and of the enormous profits that are almost In sight? Stock which can now be secured at 40 cents per share will be worth from 110 to 1100 or more per share tho minute we get oil In this first well. And It Is now but a matter of days before It may be expected. Not, only are Immense returns to be expected, but they may be expected to come quickly. Who knows but that If you were to send In an order for slock today It will be worth $100 per shnre before your order reaches us? At the same time we would be bound to Issun It at 40 cents If your order were made in good faith, until further.notice. STANDARD OIL SPIES. It Is but natural that whenever a few Independent people get together In an attempt to open up an oil field they may expect the Standard crowd to be ready to profit by anything they may do. We were prepared for Just sAch things. The officers of ‘the company were not born yesterday,and the pres ident of the company baa been through the mill before—he has cut his eye teeth. Ten years' experience In the oil producing business has not left him entirely free from scars of former bat tles with the octopus. We wore not surprised, therefore, to learn that the Standard had three Spies near our well last week. These spies are there to see what Is develop ed. The Standard believes that we wilt open up an oil field and, being In such close proximity to Savannah! and the coast, they know they cannot shut us In and that we are bound to become competitors. They want to know Just what la being dope. therefore, and have three of tbelr moat trusted spies near our properties at this time. As soon as we learned of this It was decided that all persons should be pro hibited from trespassing on our prop erties and an order was Issued to the superintendent to keep all persons away from tbe well and off the proper ties where we are drilling unless the person has a. pass lasted by one of the executive officers of the company. At least two other oil companies - have sent spies for the same purpose and It Is very Important that we pre vent Information reaching them as It might be worth millions to them Just now and Is, of course, worth as much to us ss to them. It Is for this reason I hat we cannot be definite In stating the exact depth of our well from this time on. Hereafter, therefore, anyone who de sires to visit our properties must show good reasons for doing so and a pass will then be Issued. We want everyone whocan to examine Into our proposition thoroughly and will be glad to extend every accommodation to those whose mission Is not Inimical to the Interests of oar stockholders. YOUR LAST CHANCE. This Is the last warning that you may expect to receive before the stock Is withdrawn from the market. You are now offered the opportunity of a lifetime to secure a stock at 40 cents on the dollar whteh looks like It might easily be worth $100 per share In the next few days—possibly In the next few hours. But a limited amount of the 40 cent stock remains to be sold In any event—and the minute we get oil It will all be with drawn from tbe market. It Is therefore a matter needing your quick consideration. If you want any of the stock at the present low price, do not waste a day getting your order In to our offices—better wire for your reservation and thus be sure of getting the stock. We Issued Just such a warning dur ing the last week of January and when the price Jumped from 25 cents to 40 cents on February 1, we bad on file orders for over 17,000 shares which we could not Dll at that price. Don't think that yon can sit back and wait until we have struck ofl and then buy a sure thing fora small price. Wo have arranged long ago to keep those who wish to do that from accom plishing their object We havs long since agreed that as soon as oil Is struck the stockholders who have come In with us and helped us develop this oil field will be given first oppor tunity to take any other stock that may b«.offered. We db not think that the stock will last at 40 cents more than three or four days—certainly not more fhsu a week. The stock Is not going beg ging by any means and we will not have to Issue another advertisement In order to sell whst remains at 40 cents, And after this present allot ment Is gone there will be no more offered at any price until we have de termined exactly what Is under our properties. Better Dll out the following order blank AT ONCE and send In to this office on tbe first mall, with remit tance covering your order. It you cannot remit bandlly at once wire us‘” your reservation order and we will Hold the stock for yon a reasonable time. Let your remittance follow as soon as possible. No orders accepted for less than 25 shares. Time Is money for you NOW as never before. Your action may mean tbe making or the loss of a fortune. ACT QUICK. THIS IS POSITIVELY THE LAST CALL. FIRST COME FIRST SERVED. ORDER BLANK. ’' j THE GEORGIA PETROLEUM CO, 1001-1002 National Building, ’ Savannah, Ga, Inclosed find , — dollars to pay for............r,..shareg of yons treasury stock (full paid and non-es- , sessable) at 40 oents per share. Inns, stock In favor of / Name Street Address » City and State ..... ADDRESS ALL. COMMUNICATIONS AND MAKE ALL CHECKS PAYABLE TO THE GEORGIA PETROLEUM COMPANY, *00.-1002 NATIONAL. BUILDING. SAVANNAH, GA. WARNING-STOCKHOLDERS-WARNING Information has been reaching me of attempts to buy stock from those who hsd purchased at 2$ cent* per share, the bait offered being a price of SO or S5 cents per share—or some price under that at which the company is selling stock. I have been In the oil business too long to tail to rec ognise this trick and wish to Warn all stockholder* now in the quickest manner possible that they may not be caught In the net. Standard Oil Is making frantic attempts to get Inside information as regards our operations. They will go to any lengths to accomplish this end and I can readily see their line Italian hand In this play. * The Georgia Petroleum Company has taken greater* cautions to prevent Standard Oil or other Interests gain ing a foothold In the company and has refused to Issue any extremely large blocks of stock to any Individuals or •Hied Interests. We wilt not Issue a share of Urn stock to any whom we might suspect of being silled with other Imprests. , . , If the Standard could xecure a block of the stock from other Individuals, however, they could keep posted and would have a nucleus upon which* to work. They could get lists of our stockholders and make a systematic campaign for a large block of stock. 300,000 shares of this company's stock Is treasury stock, thus placing the control of the company In the hands of the stockholders at all times. By keeping large « blocks from being accumulated by Individuals or crowds we can prevent the Standard or other Inimical Interests from gaining the foothold they desire. Do not, therefore, be Induced to part with your stock for a mere pittance In tbe way of profits. , It Is either worth hundreds of times what you paid for It or It Is worth nothing. Stand by your guns and we will have an oil field, pipe lines and refineries of our own in b short time or my ten years' experience In tbe oil bus iness has been thrown away. I have backed my Judgment with my money—thousands of dollars. I have more money tied up In tbe enterprise than any other stockholder. I hsve spent ten months* of my time putting tbe company where It Is now—on the very verge of success—and I would not sell any of my holdings for any 10 or 15 cents profit, not for many times that much profit. I believe today more than ever before that we have an oil field. I'believe that Georgia Petroleum stock Is the best thing you ever bought. If I am right the stock Is worth many times what you paid for It. When the time Is rip^— when we have made the stock valuable—when we have firmly established the company high and dry above the reach of these sharks, then will be the time for taking profits and taking them, not In cents, but In dollars—hundreds, yes, thousands of them. There will be plenty to go around when once wc have opened up this oil field. 8o I say—STAND BY YOUR GUNS. As an oil man of ten years' experience and as president of the company I say unqualifiedly: Buy Georgia Petro- leum at 40 cento—buy It quick. It Is now a matter of days. yes. or hours. In my opinion, before It will be worth many dollars per share. OTTO G. TAGUE. SPECIAI.—A rumor that seems to hsve at least soma foundation In fact, has Just reached me which I will give here for what It is worth until I have had It fully Investi gated and have received a report. My Investigator Is now looking Into the matter and will report fully In a day or so. Here It Is as I have Just received It from a party who waa very close to Its fountain head: An artesian well was being drilled last week within It miles from where the Georgia Petroleum Company Is drilling Its oil well. New York parties are mixed up In H In some manner—I think they own the land or the well. A considerable deposit of oil Is said to have been found lu the well. At any rate It Is said that work was suddenly stopped and that an oil pump was ordered out from New York. I would not be at all surprised to learn that the whole thing Is true, but in the meantime will simply say It came from an apparently reliable and well Informed source. I am having It Investigated. If It Is true It Is an other Itnk added to wbt chain, wed a pretty strong oo*. - If It I* not true—you hsve It for whst It Is worth—a rumor.