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THE ATLANTA GEORGIAN AND NEWS. »nvneiMTf, jtJLY 25, 1507. FIFTY FEET NEARER MAIN OIL DEPOSIT 24 Hours Nearer $1 Stock-Today 40 Cents-SATURDAY $1 During the last 24 hours the drilling tools being used to drill the second Georgia oil well penetrated into the earth a distance of fifty-odd feet, thus putting us 50 feet nearer the main oil de posit which we feel confident will be found beneath our vast properties at about 1,200 feet. Father Time has advanced us one more day on the calendar, thus bringing us 24 hours closer to midnight of Saturday next when the stock of The Georgia Petroleum Co. will advance from 40 cents to $1.00 per share. But the day has brought forth a much more important fact than either of the above—WE STRUCK ANOTHER POCKET OF OIL. This pocket of oil was much more in evidence, accord ing to long distance telephone advice, than any we have yet struck, tending to show that we are hourly nearing the main oil deposit, existence of which is more clearly demonstrated than it has ever been. * If we had not announced that we would continue to sell shares at 40 cents until Saturday midnight or until the main oil deposit was encountered, we would right now have all the stock with drawn from the market, as it certainly is beyond our comprehension how we can possibly fail to develop oil in paying quantities in a few days. And, of course, the minute we develop the main de posit we will be in position to command any price for the stock—and have thousands of eager investors from all over the country clamoring for it. WHAT OTHERS SAY Letters from Prominent Men Who Are Familiar With Texas Conditions Following Is a copy of a letter written by Dr. T. C. Hawthorn, of Washington. Ga., to a friend, after making a careful examination of the properties of The Georgia Petroleum Company. Dr. .Hawthorn Is a gen tleman well known In Eastern Georgia and his experience In the Toxas oil Helds both before and after they were discovered makes his opinion well worth consideration. "Louisville, Ga., May 18, 1907. ”Dr. C. S. Lucas, "Washington, Ga. "After making a careful study of the Oil proposition at this place, I find flattering prospects. The conditions look to bo the same as Corsicana, Deaumont, Humble ond Xachedochees fields. I was at alt of those places before they found oil, and have been at all those Helds slnco. I was out at the well at this place and find a tremendous gas pres sure: It forced a 2000-pound steel drill up In tho well to a height of 75 feet.' I think thero are good prospects for an oil well hero, and the signs point to a gushor. I will send by express to day some of tho sand from the bottom of tho well. "Will get back home about today week. "I hope you are alt well. Court Is about over here. "Yours truly, lj (Signed) "DR. T. C. HAWTHORN." From W. S. Shepherd, Florala, Ala. Following Is a statement made by Mr. W. S. Shepherd, a prominent real estato man of Florala, Ala., upon his return home after having made a thorough Investigation of the prospects of The Georgia Petroleum Com pany. Mr. Shepherd Is entirely familiar with the conditions met with In the Texas oil fields, having been closely identified with them both before and after oil was discovered there. Ho Is a conservative business man whose opinion Is given great weight by those who know him: “I was In the oil Helds of Deaumont, Texas, beforo they over struck oil, and I consider the prospect for oil In Jefferson county, Georgia, Just as good ns that of the Texas Helds. "The company has a well already drilled to a depth of 860 feet, and has a lease on thirteen thousand acres of oil lands around Louisville, Ga "I am sure that the next twenty days will give the State of Georgia something for all the South to be proud of." Report of State Geologist Prof. S. W. McCallle, Assistant State Geologist, after making a thor ough examination of our properties, says, In concluding his very exhaus tive report: "All the essential conditions for the occurrence of oil In commercial quantities, as above pointed out, appear to be present In the locality where oil has been found near Louisville, Ga." Analysis of Our Oil Dr. Edgar Everhart, chemist to the geological survey of Georgia, af ter analysing oil from our properties, says: "An examination of the above table shows that the Georgia oil excels (others) In every particular." Oil Expert’s View Mr. Arthur Mandell, a well known Pennsylvania oil expert, after mak ing a careful examination of our properties, concludes his report as fol lows: “The Indications you have for oil are much more pronounced than In many of the oil fields of the North.” PHOTOGRAPH OF OUR WELL 8HOWING ROTARY DRILLING TOOLS INSTALLED. Tho above Is a reproduction of a photograph of the well which we are now drilling, showing the rotary drilling tools on the derrick floor. Hydraulic Rotary Process Is superior to all others when used In formations composed of clay, sand or quicksand. This process Is used almost exclusively in the Texas and Louisiana fields and to a large extent In other localities where the conditions are suitable. The operation consists In rapidly turning a column of pipe, the lower end of which Is armed with a steel ■hoe having a sermted edge for cutting the formations through which It passes. Water Is kept under constant high pressure In the pipe and the detritus Is thus forced to tho surface, passing up on the outside of tho pipe with the water. By this means it Is possible to sink a column of casing through the most stubborn beds of quicksand or other soft formations, which will not, through their lack of stability, admit of the usual procedure of first drilling the hole and then lowering the casing to form the final and lasting wall for the well. In cases where the formation Is composed of clay of sufficient density to retain the wall of the well In place, a smaller pipe Is used armed with a perforated bit, through which the water Is forced In same manner, and when the depth Is reached where It may be desirable to Insert the casing, tho drilling pipe Is removed and the casing Is Inserted In the hole thus prepared for It. OTTO G. TAGUE, President. 1001-1002 NATIONAL BUILDING SAVANNAH, GA. I, tho undersigned, hereby subscribe for_ shares of tho Capital Stock of tho GEORGIA PETROLEUM COMPANY at 40 cents per share of the par value of One Dollar per Share, full paid and non-assessable, amounting to Dollars, which sum I Inclose herewith. Street A(l(lrcss_ City and Stato Your Golden Opportunity You have this last chance of buying this promising stock now square ly before you. The days of grasping It are limited. It Is now but a ques tion of hours. For a few hours longer you will have the opportunity of purchasing this stock at 40 cents por share—then comes an advance of 150 per cent—then with the striking of the main oil deposit—up, up, up It will soar until those who are now hesitating over purchasing It at 40 centa per share will be glad to get It at as many dollars. With this stralghtout business proposition before you, why hesitate? Our proposition Is straightforward In every particular. Wo simply say to you that we have every reason to believe that we are soon to open up an oil Held right here In Georgia. We have all the proofs of its exis tence that anybody ever had In any part of the country. We have found oil In considerable quantities In two wells already. We have studied the situation from every aspect and can come to no other conclusion than that we will succeed and make our shares worth many dollars la a few days. We have put our own money Into the stqck. We Invite you to join us. Our Invitation is limited to acceptance In the next few hours. At ter,midnight next Saturday, July 27th, we will not offer another share at less than Its par value, $1.00. We have spent thousands of dollars In developing our properties and have added constantly to the evidences that we will open up this Georgia oil Held. It you desire to Join with us you niuBt do so at once. All orders postmarked before Saturday at midnight will be filled at 40 cents per share—after that no stock can bo secured at less than $1.00 per share. The time Is drawing short when you will be allowed to participate on this ground-floor basis. The last time the shares advanced hundreds failed to get their orders to us on time and were required to pay the high er price. Do not allow the hours to go by until It Is too late to make the biggest profits from your Investment. Let us have your order at once. Telegraph, telephone or write for shares. We will reserve the stock for you upon receipt of a wire requesting us to do so, pending re ceipt of an early remittance. Until Saturday at midnight the stock can be secured at the following rate. Thereafter It will cost you at least $1.00 per share. Your opportunity for purchasing this stock at the present low price is now almost at an end—it is limited by hours. Inside of the next few days we confidently expect to be in position to an nounce the flow of oil from the first Georgia oil gusher and to see every share of this stock worth from $50 to $200. Better let us have your order at once. $500 will purchase 1250 shares, par value $1250 400 will purchase 1000 shares, par value 1000 300 will purchase 750 shares, par yalue 750 200 will purchase 500 shares, par value 500 100 will purchase 250 shares, par value 250 $80 will purchase 200 shares, par value $200 50 will purchase 125 shares, par value 125 40 will purchase 100 shares, par value 100 20 will purchase 50 shares, par value 50 10 will purchase 25 shares, par value *... i! 25 No Order Accepted for Less Than 25 Shares. Price Subject to Advance Without Notice. Address OTTO G. TAGUE - - President 1001-2 National Building, Savannah, Ga