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16
Great Oil Field Attracting Attention
If one would read the daily
Bulletin published by the Trades
man at Chattanooga, Tenn., he
would be astonished at the num
ber of reports concerning great
natural developments going on in
the South.
The South is the leader in this
field of work, but that is not sur
prising, inasmuch as this part of
the country is by nature the rich
est part of-the United States.
One of the latest developments
is the oil field in Overton county,
Tenn., near the Kentucky line.
For many years this property
had no outlet, being something
like one hundred miles from the
nearest railroad. Inasmuch as a
road has been built to it, the
property has been developed and
oil has been found in large quan
tities. One well has been running
500 barrels a day, another 250
barrels a day. Until the railroad
reached this oil field it was found
advisable to plug the wells.
Great preparations are being
made to put the wells into active
operation. The titles have been
perfected to a large acreage. It
has taken quite a while to do so,
but the property is free from any
obligation, and the oil will soon
be ready for use.
Greater fortunes have been
made out of oil than any other
known product of the earth. Gold,
silver, copper, zinc, iron and coal
are great producers of wealth,
yet they do not compare as a
fortune maker with coal oil. To
mine any of these various treas
ures other than oil means con
tinual expenditure from start to
finish. A drill is sent down
through the earth until a flow of
oil is struck, then Nature does the
rest. From that time on the sim-
For Further Particulars Write to or Call on
A. C. ERICSON & CO., Fiscal Agents
923-4 Empire Building, Atlanta, Ga.
Not a Prospect But a Large Acreage With Great Flowing Wells
pie turning on of your power and
half a hundred wells begin to
fill the storage tanks with wealth
at an expense of but a few dol
lars per day. Rockefeller could
not have acquired his hundreds of
millions in a few years through
any other of the earth’s treasures
than OIL. The wealthiest and
mightiest industrial organization
of the world today—the Standard
Oil Company—could not have
paid the dividends it has through
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An Imperfect Representation of a Well That Flows Over 500 Barrels of Oil
Per Day. It is the Property of the Wisdom Oil Company.
any other product than OIL.
Several years ago the property
in Overton Co., Tenn., was dis
covered. A well was bored. It
ran 500 barrels of oil a day con
tinuously until the well was
plugged. Another well was bored
and it ran over 250 barrels a day
till it was plugged because the
property was nearly 100 miles
from the closest railroad —practi-
cally inaccessible to the outside
world. A road has been built
The Golden Age for March 19, 1908.
within one mile of the place. The
property itself consists of nearly
300 acres. The titles are perfect,
have been properly recorded and
are in the hands of the company
holding the property.
The company (the Wisdom Oil
Co.) has a moderate capitaliza
tion for property of its character
and value. It needs no money for
prospective work. That is now
completed and the oil is at hand.
These facts are on record and will
be furnished any one who may
desire them. It does need, how
ever, money for machinery and
operating purposes, and has is
sued $75,000 worth of 6 per cent,
fifteen-year, first mortgage gold
bonds, interest payable semi-an
nually (May 1 and November 1),
each year at the office of the
Trust Company of Georgia, in the
city of Atlanta. These bonds are
secured by deed of trust made by
the Wisdom Oil Co., through the
Trust Company of Georgia, as
trustee, to all the oil lands and
improvements on said lands, to
gether with all other improve
ments and machinery which may
hereafter be placed thereon. These
bonds are for sale at par, the par
value being SIOO.OO. With each
bond of SIOO goes SIOO worth of
common stock. In other words
you pay SIOO for a gold bond and
receive the bond and one share
of common stock. As much as
$150,000 cash has recently been
offered for this valuable property,
and when the company offers
$75,000 worth of gold bonds, se
cured by first mortgage, it is fur
nishing an adequate security.
The officers of the Wisdom Oil
Company are well known finan
cial men. Dr. F. M. Ridley, of
LaGrange, is well and favorably
known throughout the southeast
for his sterling integrity and busi
ness ability. W. W. Wisdom, of
LaGrange (dealer in bonds,
stocks and real estate), is a man
of unquestioned' character. Mr.
W. V. Gray, formerly a most suc
cessful merchant, but now a re
tired capitalist, of LaGrange, has
the confidence of every one who
knows him. Mr. J. F. Askew,
president of the bank of Hogans
ville, is a man of unimpeachable
integrity and of the highest stand
ing. These are the officers of the
company, Mr. W. W. Wisdom be
ing its president. It would be
difficult to get four better men in
Georgia to further any institu
tion.
It is believed that the bonds
issued by this company will sell
at once. All applications will be
numbered and the first applicants
will get the bonds.
