Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, April 20, 1907, Image 14

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I II K ATLANTA GEORGIAN AND NEWS. "atuhdat. aprit. ». wr. WE’VE STRUCK OIL YOUR LAST CHANCE TO BUY THIS STOCK INCORPORATED UNDER THE LAWS OF ARIZONA. CAPITAL STOCK—600,000 SHARES, PAR VALUE, $1.00 EACH. Forsvel- Full-Paid and Non-Assessable. TREA8URY 8T0CK—300,000 SHARES. Board of Director*: WRIGHT HUNTER, 8AVANNAH L. R. FARMER, LOUISVILLE, GA. Cashier Bank of Louisville. WILLIAM F. LITTLE, LOUISVILLE, GA. Of the Little A Clark Co. JOHN R. PHILLIPS, LOUISVILLE, GA. Of Phillips A Phillips, Attorneys. JOHN F. GILMORE, BROOKLYN, N. Y. Rstlred Wholesale Merchant. HORACE E. FRAME, SAVANNAH OTTO G. TAGUE, 8AVANNAH Oil Operator of Ohio and Pennsylvania. E. B. HOOK, Officers: OTTO G. TAGUE, WILLIAM F. LITTLE, L. R. FARMER, PHILLIPS A PHILLIPS, JAMES TAGUe, AUGU8TA « PRESIDENT VICE PRESIDENT SECY and TREAS. GENERAL COUNSEL SUPERINTENDENT Oil Man of 18 Yeara Experience. At laat we are ablf to announce the glad news that the Georgia Petroleum Company has STRUCK Oil,— news for which the people of Georgia have been watting for many months, realizing that It means more to them than anything else that has been announced for years. For months we have been preparing the people of Georgia for this news by seeking to show them the Tacts on which wo based our claims of having an oil field In prospeot. And now we are In position to face the scoffers and demonstrate, even to their complete satisfaction, that we knew what we were'talking about. This week while drilling our first well at a depth of 880 feet wo encountered a distinct deposit of high-grade crudo petroloum together with another deposit of natu ral gnn. This crude oil is of a yellowish brown color, with slight odor and Is very similar to the crudo oil found In West Virginia—one of dhe best oils produced In the country. The quantity In which we found this oil was not large and we are continuing onr drilling operations to lower dopths In the firm belief that we will soon encoun ter another deposit where the quantities will be all that otmld be hoped for. We know the point at which this deposit was found and can at any time come back to that point and pro duce this oil If we find no larger depostL We believe that It could be produced in paying quantities, especially In an established oil field, but wish to put this first well down to a much greater depth so as to develop tho larger do- posit which we are now firmly convinced will bo found at 1,100 to 1,400 feet. What This Oil Means iq uaaood Zieiniosqs ianj insuodmi isotu oqi J«; .<n the finding of this oil Is that the conditions for the msk- log of oil In the laboratories of Nature are as they should be else wo would not have found the oil at all. When Prof. S. W. McCallle, Assistant State Geologist of Geor gia said, "All the essential conditions for the occurrence of oil In commercial quaptltles appear to bo present In the locality where oil has been found (In oil springs) near Louisville," he was working on a theory. When Ar thur Mandell. one of the beet known oil experts of the country, after a searching Investigation of all tho con ditions In and around our vast properties, said, "the Indi cations you have for oil are much more pronounced than In many of the oil fields of the North," he was working on a theory. When wo said through the press of the state that wo had every reason to believe that wo would find oil In largo quantities under our properties In- Jefferson county, we were working on n theory—a theory which has worked out satisfactorily In every section of tlio country where oil has been found coming out of the ground In springs. But wo no longer have to work on theories. We have FACTS—absolute, bard facts now before us and In such numbers as to make even the greatest scoffer come to his senses. WF. HAVE STRUCK OIL. Those are words with which to conjure. Those are words which mean before many days the entire revolutionizing of tho Industrial life of Eastern Georgia and Savannah. And now see what a galaxy of facts we have to pre sent to back us up In this further assertion which we make without qualification: WE FULLY BELIEVE THAT INSIDE OF THE NEXT FEW DAYS WE WILL HAVE DEVELOPED A DEPOSIT OF OIL WHICH WILL MAKE THIS STOCK WORTH MANY DOLLARS PER SHARE. Going back to the very beginning of the whole enter prise we find numerous oil springs from which there Is a constant flow of high-grade petroleum—the one thing- which Is recognized by oil men as Indicative of a deposit of oil beneatb. Then we bad reports from eminent geol ogists and chemists telling us that all the natural condi tions for the making of oil were to be found on our properties. Then we had reports from expert oil men who said that the conditions were more favorable than In other oil fields which they had examined. Thon we began the drilling of our first well, with full confidence that our statements would all be justified and we soon found that the geological formations were as they should be In order that It might be possible for us to tad oil. Later on we developed several deposits of natural gas which could not havo arisen from anything elso than crude petroleum. -And now we havo STRUCK OIL Tho aeml-climax has been reached; the climax will be reached when we announce to the world In the next few days that wo have found tbo main deposit and have STRUCK A GU8HER. Georgia and Texas.., The nature of the geological mako-up of Georgia and Texas Is so similar that It Is only natural to look to that wonderful oil field for comparisons. Both fields aro lo cated on Coastal plains. The formations were both made by the gradual receding of the waters of the ocean which left deposits of animal nnd vegetable matter, which, while undergoing a process of natural distillation, produced oil. Following aro statements of tbo formations pene trated In drilling the famous Lucas Gusher, which pro duced 700,000 barrels of oil the first nine days, and tho ' well which we are now drilling: Luoas Gusher. The formations penetrat ed consisted of clay, blue marl, coarse and fine sand with lignite and sheila ns well as remains of animals scattered through. At 889 feet struck fino oil-bearing sand, with hard layer toward bottom, and heavy pressure under it, filling hols with sand 100 feet above point of drilling. At 1,120 feet struck main oil deposit which produced 90,000 barrels of oil first 24 hours. Georgia Well. The formations penetrat ed consisted of clay, marl and sand with lignite, shells and other organlo .matter scattered through. 8truck 70-foot bed of animal re mains. At 880 feet struck oil- bearing sand, hard layer toward bottom, heavy pres sure under It, filling -hole 240 feet with sand above point of drilling. Drilling for main deposit now. Following Is a statement contained in the leading his tory of the oil business, "Petroleum and Its Products," by Sir Boverton Redwood: "On 10th January, 1901, the noted gusher known as the Luca* well was brought In at Splndlo Top, near Beaumont, at a depth of 1,120 feet, and during the nine days that elapsed before It could be shut In It was esti mated to have yielded about 700,000 barrels of oil. When first tapped the pressure was so great that It shot 1,000 feet of 4-Inch Iron tubing from the bore-hole, completely wrecking the derrick, and then poured-forth a solid col umn of oil, 6 Inches In diameter, to a height of 160 feet with uanbated force until It was shut In.” We do not claim that we will necessarily find such a flow of oil In Jefferson County, Georgia, In our first well, but we do claim that we now have excellent chances of doing so especially In view of the fact -that the nature of the two sections Is so similar. We will be satisfied with a flow of 100 barrels and stand-pat now upon .the assertion that we firmly believe that wo will soon have a well In Georgia producing oil in such quantities as to make our stockholders millions In profits In the next decade. Every one of the eight practical oil men who are now connected with this Company's work, from the pres ident down. Is entirely confident and enthusiastic In this belief. Every one of the directors feels highly elated and most sanguine. All these men are hard-headed busi ness men who have reputations for conservatism and suc cess and they would not indorse such a statement If they were not fully In accord with such views. Your Last Chance. With the success of our development work now prac tically assured, with many of the elements of speculation removed, with natural gas and oil now actually devel oped. this stock now offers you the opportunity of making a seml-speculatlve Investment with everything In favor of Its becoming very valuable in a few weeks and with practically all the speculation removed. A few hundred dollars Invested in this' stock now while It can be secured at a low price will probably be the means of starting you out on the road to fortune. We fully expect to see this stock selling at from $10.00 to $100.00 per share In a few weeks and as our develop ment work progresses and we get more wells drilled we expect It to go up until It commands such prices aa are commonly commanded by stock of successful oil com panies. When we struck the first deposit of natural gas we told you that you could soon expect tho announcement that we had struck oil because natural gas could come only from a deposit of oil. We have now struck oil as we said we would and we now say that wo will soon open up the main deposit and have It in great quantities. We are safe in saying this Inasmuch as we know that the conditions are such as to make the accumulation of oil In great quantities possible and we have found a deposit of organic material of such enormous extent that we know for a fact that this small deposit which we have Just en countered Is not all that has been made from It 40 Cents for a Few Days We have a small amount of the allotment of 40-cent stock which was placed on the market remaining unsold and will continue to take orders for that stock as long as It lasts or until we have opened up the main deposit of oil. As soon as either of these contingencies arises all the stock will be withdrawn from the market and no more will be sold at any price. At a meeting of the Board of Directors held at Louis ville yesterday for the purpose of considering such steps as are necessary In view of the striking of this oil It was decided to sell the remainder of the 40-cent stock as above outlined. We do this for the purpose of having on hand sufficient funds to enable us to proceed with our development work when the main deposit of oil Is struck without waiting upon the arrangement of marketing de tails which will then have to be considered. The time Is now at hand when you must decide whether you will become a stockholder In this great en terprise now while the profits will bo the greatest you ever had an opportunity to enjoy or later when you will have to pay hundreds of dollars for the stock. With-every assurance of success now before It—not In theory but In fact—this stock at 40 cents per share Is the best stock you ever had a chance to buy. Tbo time for Its purchase Is now extremely limited for hundreds of Georgians have been waiting for some such announce ment as Is contained in this advertisement before coming In and joining us In the development of this Georgia Oil Field. Two or three days at the most will see all this small lot of stock subscribed for and we fully expect It to be oversubscribed as was the 25-cent stock on Feb. 1, when we had orders for over 17,000 shares which we could not fill. All money received for stock which we cannot Issue will be promptly returned to those sending It All orders will be filled In the order In which they are received— first come first served. This is positively your last op portunity to Join us on a ground-floor basis. If you want to be In with us when we ars refusing $100 per share for our stock let us have your order at once. $500 will purchase 1250 400 will purchase 1000 300 will purchase 750 200 will purchase 100 will purchase 20 will purchase 50 will purchase 40 will purchase 20 will purchase 10 will purchase shares, par shares, par shares, par shares, par shares, par shares, par shares, par shares, par shares, par shares, par value $1250 value 1000 value 760- value value value value value value value 500 250 200 125 100 50 25 No Orders Accepted for Less Than 25 shares. THE GEORGIA PETROLEUM CO. 1001-1002 National Building. SAVANNAH , - - - - GEORGIA. Date 1907 I, the undersigned, hereby subscribe for shares of the Capital Stock of THE GEORGIA PETROLEUM COMPANY at 40 cents per share of tho par value of One Dollar per share, full paid and non-nssessable, amounting' to Dollars, which sum I inclose herewith. 4. .. Name Street Address City nnd State THE GEORGIA PETROLEUM CO.. 1001-1002 NATIONAL BUILDING, SAVANNAH, GEORGIA. '%EE=EE=EE==S BIRMINGHAM TO WELCOME PRESBYTERIAN ASSEMBLY Sprrlal to Ths 0*er*1*e. „ „ _ Birmingham, Ala., April 10.—Com mittees are now at work on ths pro gram for ths general assembly of tho Southern Presbyterian church, which insets In Birmingham May IS. for a session lasting ten days. There are two committees of srrsngemenL one of which Is composed of the pastore and one elder from each of the Pres byterian churches of the Birmingham district. The other committee wee named by the Presbyterian Pastors' Union and will act In the capacity of the executive committee. It !■ estimated that something like 100 delegstss from all parts or tbo Boutb, to say nothing of the hundreds of others who will visit Birmingham during tbs assembly, will be present. Homes for tbs delegates will be pro vided by tbs local committees on ar rangement. and already It has the names of many who will furnish the necessary entertainment. With a view ot getting all the room necessary In advance, an entertainment pledge card Is being distributed among tho vari ous church members. 300 Delegstss Expected. The general assvmbly of ths South- •m Presbyterian church Is a repre- wntatfve body, each presbytery Is al lowed one ministerial and one lay rep resentative. In addition to the total of about 800 delegates, there will he many secretaries, church officers and visit ors. Ths Rev. 8. D. Mooney Is secre tary of tho publicity committee of tho general assembly, and the Rev. C. IV, Mills, chairman of ths arrangements committee. Presbyterians all over the South art meeting now for the purpose of elect ing delegates to the general assembly. At each of ths spring meetings of the eighty-three presbyteries everything that wilt be brought before the general assembly I. passed upon. The general assembly Is a aort of auprema court. Tho aasslons are usually very arduous. In addition to the reports from the va rious presbyteries, reports from the ed ucational Institutions fostered by the church will be received and consid ered. Among the big Institutions directly under the church might be mentioned the Austin Theological Seminary, the Southwestern University, the Union Theological Seminary, the Columbia Theological Seminary and the Oeneral Assembly Home and School. Missionary Masting. There are always many big questions sprung, and It Is generally understood that the subject of closer relations with other Presbyterian churches which was the sensational subjact of the last general assembly In Greenville, will be revived again In Birmingham. Among the Interesting auxiliary meetings to be held In connection with the general assembly will be that of tha association of evangellattc mis slons. This association w as-'formed for the purpose of promoting the mis sionary spirit In the emirs cburch. and will bring auch men aa Dr. Wilbur Chapman, of New York; Dr. R. A Walton, of Louisville, and others of equal prominence to Birmingham. The conference will he held on May, 11, 14 and IS, three days prior to the open ing of the general assembly. The sessions of the general assem bly will be held In the First Presby terian church, nnd the meeting will be called to order by Dr. Allen O. Hall, the present moderator. Dr. W. A. Alex ander. of Clarksville, Tenn., Is the stated clerk, a lifetime position. Other officers or the assembly are: Dr. T. H. Latv, of 8partanburg, S. C„ perma nent clerk; Rev. S. L Morris. D. D„ of Atlanta. Ga., secretary assembly home mission board; Rev. A. L. Phil lips. D. D„ of Richmond, general su perintendent Sabbath schools; Rev. S. H. Cheater. D. D., Nashville, secretary foreign minions; Rev. H. II. Sweets, secretary ministerial education and re lief; Rev. J. O. Snedecor, of Tusca loosa. Ala., secretary colored evangeli sation. It’s all in the Green Extra —wait for it I 20,000,000 PEOPLE Reports Say Peasants Have * Sold Their Harvests in Advance. Iitndon, April 20.—Reports reaching London from authentic sources Indi cate that the famine In Rusala la the worst that has ever been known. No less than 50,000,000 people can not live to see another harvest without aid. The people have sold their all and In most cases have likewise sold In ad- Camp Walker Fair. The members of Camp Walker will report next Monday at camp headquar ters. All Interested In the opening of the fair, which will commence then, a-lll please turn out. The opening will be at IT Mitchell street. By order F. A. HILRURN, Commander. J. a RAMSEY. Adjutant- SUESJITCHCOCK Hot Springs Physician Says Uncle Sam Has In jured Him. Dr. Thomas B. Rider, a former Geor gian. has filed suit for 2100,000 against ex-Secretary of the Interior Ethan A. Hitchcock, service being perfected on the ex-secretary at Hot Springs, Ark. The suit Is for damages growing out of alleged Illegal arrests and prosecu tions of Dr. Rider for alleged viola tions of the department ot the Interior regulations relative to the government reservation at Hot Springs. Dr. Rider was* born In Habersham county. Georgia, and Is a graduate of the Atlanta College of Medicine. Aft er graduation ha went to Hot Springs some twelve years ago and began tha practice of hla profession. He married Mlaa Lynch, of Colum bus. and several weeks ago he and wife visited the latter's parents at Collegs Park. Dr. Rider states that through his suit he at least expects vindication? for the alleged persecutions of the government, backed by a cliqhe of Hot Springs physicians. Dr. Rider claims to havs been barred from the practice of hla profession on the reservation because he would not Join the local medical association. He has twice been arrested on the charge of soliciting patients from the reser vation and locjced up. He secured his release by habeas corpus proceedings. REPUBLICAN EDITORS INDORSE FAIRBANKS Lafayette, Ind., April 20.—At a meet ing of the Republican editors of the Tenth Indiana congressional district, held here with Republican State Chair- 'man James P. Goodrich, Charles W. Fairbanks’ candidacy for tha presi dency was Indorsed. , OKLAHOMA READY FOR STATEHOOD Guthrie, Okla., April 20.—Without a dissenting vote, the constitution for the proposed state of Oklahoma was adopted yesterday afternoon. Presi dent Murray signed the sheepskin with an alfalfa. Ths other details were af fixed wit* a pen presented by W. J. Bryan. mi wins MUSTfiO TB PEf President, Vice President and Cashier of Chicago In stitution Found Guilty. Chicago, Ills., April 21.—Forms* Judge Abner Smith, presldgit: Gus tavs 8orrow, vie* president *nd Je rome V. Pierce, cashier, of tie lode* 1 Bank of America, were last ni|ht fousf guilty of conspiracy to wreet the In stitution. F. R Creel man, a million aire lumberman and a stockbedcr, «** acquitted. * Smith and Sorrow must g- to tM pen for an Indeterminate perifi, fr ,,m one to fourteen years, and. In dditlon. pay fines of $1,000 each. PlA* *•* allowed to go with a fine of "My God. how. could they do If ex claimed Smith when the verdlt »»* read. • • .