The World's Work Volume 38; A History of Our Time download PDF, EPUB, Kindle

The World's Work Volume 38; A History of Our Time by Walter Hines Page

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Author: Walter Hines Page
Page Count: 436 pages
Published Date: 01 May 2012
Publisher: Rarebooksclub.com
Publication Country: Miami Fl, United States
Language: English
Type: PDF
ISBN: 9781236057549
Download Link: The World's Work Volume 38; A History of Our Time
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919 Excerpt: ...publications such as " Truth," the heading of which is pictured here, are encouraging the " suckers " to take a chance The stock promoter comes to the oil field last. He does not want to buy expensive leases. But he wants to get as near producing wells as he can. So he waits until the legitimate "wildcatter" has tested out a field. Or he buys cheap leases at a distance. What he likes best is a location between two producing properties. This is not hard to get, for oil, being lighter than water, is usually found in the anticlines, or ridges of the earth's surface; and between the anticlines are the synclines which are likely to yield only water. The promoter can get leases in the synclines that will look well on a map--and there is usually a map in the promoters' "literature." Experienced oil men will tell you that a well a few feet from a proven pool is less likely to strike oil than one most anywhere else in the world. Of the money paid for leases in Texas it is estimated that $1,040,000,000 has been for 52,000,000 acres in ten producing counties, at prices ranging from $10 to $1,000 an acre; and $220,000,000 for 110,000,000 acres, or twice as much, in other localities at from 25 cents to $10 an acre. There is plenty of evidence that the stock promoters are starting operations in Texas. Before one of the leading pirates of promotion was arrested in New York last year, the writer got on his mailing list under an assumed name in order to make a study of his "literature." Not long after his arrest, mail began coming from another New York promotion house; and since then this fictitious name has gone to a get-rich-quick concern in Chicago and also to a Kansas City oil promotion house. This is a concrete illustra...

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