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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - June 2, 1914, Lethbridge, Alberta TUESDAY, JUNE 2, 1914 THE LlilUBRIDGG DAILY HERALD PAGE THREE Oil Com- Holdings of the Columbia Oil Company, endorsed by Oil Authorities, are now One Of the Two Big Producing Properties in Western Canada A Square Deal to Shareholders Quick Fortunes Made by Lucky Oil Investors SMALL: INVESTORS ARE ING BIG SUMS FROM PUR- CHASES OF CALGARY OIL STOCKS Oalgarj, Mav ot small fortunes made bj lucky or tar sisMef, oersons in oil stocks are lieard on every tlle street cleaning department drew his f l-.OOO, of the hank and In- vested it in stocks The same even- ing lie sold at eiactly double the price at u hlch. lie had bought, returned his to and re-invested the made. This is only one example of the small foi tunes thai, are being made 'by men. in humble posi- tions: "I know A chap who bonouel ?100 and gave a note which he could not redeem last an official in the city health department.. "He held 2SO'shares of stock in H newly form- ed he had purchased at aoout d duimr a shaie These he gave to hit creditor in lieu of payment on the note Tod.n the 250 shares are worth easily and the credit- or .is corigratulatine himself on the deal." TheDingman the supply of tubes oiaeieo. rrom Pittsburg, in order to Hake care of the oil that fs .to-be tapped, and which will then be put'immediately on the markot. A' second ,well is being drilled, Dinj- man.No. 2, about feet from No. 1. This was commenced two days ago, How down sixty feet. Many .contracts have been placed for drilling on other properties, and .before long Calgary will be the centre of great oil fields, with considerable actual development taking place. of -world-wide reputations, njany of wh'om. ai'e on the ground, and whom your correspondent has met, have unanimously agreed, that Alberta has a great oil-producing Industry ahead of her. This may mean for the empire, If not Indeed for the -world. A pipe line onco laid from Alberta to Vancouver would supply the whole 'British' navy, to >ay nothing of other cuatoinerB, with oil at an infinitesimal coat1 Your .correspondent is of the opin- ion that the present excitement is only the friiige of the boom, though, in duo course, things will get down to a nor- mal and. controllable basis. After a little more development by Albertan and British Columbian cawi- tal, London andj New York will desire a big finger in: the pie, and of course wIlMiavo .to pay the price. Our Free Book Get a copy of our copyrighted forty-page book, "The Story or .Oil." It Is an absorbingly interesting story of what' has become the greatest in- of th'e age. Even if you do not Contemplate putting any money into this proposition got H copy of this FR.T2E book. H is a truthful ihis- tory of the of! industry from the time oil was first used as a medicine down to tho present time, when practically every Industry of the world is depend- ent on this Liquid Gold. Tliia interesting new book will lib' gladly sent yon, postage prepaid, on request. Just fill out the coupon 'be- low, clip, iplace in an envelope. After, an expenditure'of about oil lias been discovered in paving quantities, on the pro- perty of the Columbia Oil Company on Sage Creek, in the Kootenaj District, B C about sixty milea southwest of the Alberta oil fleld. At a depth of only six hundred feet, one uell has been brought in." Without tapping ats yet the deeper reservoirs of oil this well has A jnoduction of about a day. The property consists of 2960 aeree, and stiong indications of oil in many places. With ample acreage, and with tho producing well proung absoluteh that the oil is here, it is not'to be doubted, according to the numerous oil authorities who have visited the property, th'at tho latter is destined to become a notably rich oil territory. The Men Behind The Company The Columbia Oil Company is in the hands of men who stand high in Vancomer, B C, and else- Among them-is F. N. Turner, president of the company J W Skelhorne, secretary; 0. E: Fitzgerald, Joseph Sailer, andJohn Gloyn, directors. Messrs Fitzgerald and Gloyn have been .connected with this enterprise since Its beginning nine years ago They have put much of their'own time and money, into it, and are taking In full payment for their interest stock in the Company.: The references of tho officers are R. G. Dun Co., the Bfadstreets'-Jlercantile Ag- ency, and'well known Vancouver 'business men.- The lease held by the Columbia Oil Company was issued by the government only after the gov- ernment was satisfied that the property had oil in commercial quantities There have been' numerous other eirong endorsements of this district by experts and authorities of the highest standing and reliability. Highest Authorities Endorse This Dr. G. M. Dawsbn, the. famous geologist of the Canadian Geological Sunej, (page 23a, Vol. "The indications certainly teem to be sufficiently promising to warrant some, outlay in development work." The Provincial Mineralogist, of province of British Columbia, m 'Ins annual report for 1910, in 'connection, with au inspection of the oil seepages on Sage Creek "That tnerc is a fair probability of there being 'Underneath this oil seepage a body of o'l because the ovsrlying rocks are practically Impervious and the- position in which they lie, an unbroken anticlinal fold, is such as would serve as a trap or reservoir In which it would be retained under pressure far as the disposition of the surface strata may -serve as a guide, they would seem to indicate ideal con- ditions for such accumulation." A. J. Robertson, B.C.L.S., says; "I accompanied the Mmeralogisg thiough the and, though I am no geologist, I would look to the Sage Creek.Distnct us beinR one ot the most promising areas In. the Dominion as an oil Mr. John Watt, who was retained by the Canadian Pacific'Railway- to of the FlaWiea'd oil in a letter under date of April L'O, 1907 "I mw the ml contmualiy run- from three different places. The formation of the countrv generalh is composed of black sandstone-and soapstone, and, in my opinion, it will prove to be the richest-oil field In America when developed." )i Col. R.'G; Edwards-Leckie and G. H. Rlrkpatrick, Mining-Engineers of B.'C.t re- cently.inspected :the Sage'Creek Oil District and hare invested ..considerable moneyahere. Col. Edwards-TJecliiB states- that he.feels certain that, with a proper exploitation, the field will1 be a productive: one. Mr. W; Blfikemore. Consulting Engineer, of Victoria, B. C., says: "The results of-such work as has been done justifies the conclusion that the .first company that starts out with sufficient capital, under the unhampered direction of a competent oil expert and good management, will surely meet with a rich reward. The 'boring wonld probably have to be..carried down 2500 feet, and, possibly' but this presents no difficulties to adequate equipment and good management, a.nd if the well is-properly placed with respect to the anticlinal, wbich.1 is "known to, exist, tho adventure may be regarded as an investment rather than a Canadian Geological Survey, Summary. Reyort, 1904, page 35c, saysvthe Following: "The geo- logical conditions in the Sage Creek District seem to resemble those of the oil district in Colo- rado. The crown of an anticline, with or moderate dips, can be Iccated at some distance from the foot of the Rocky Mountains in this experiment to bore in search of petroleum." Such, an anticline, "with a dip of about 15 degrees, was located about four miles out from the base of the 'Rocky (Mountains, on Sage Creek, and a complete standard drilling plant is now installed and well going down as fast as possible. I. E. Segiir, a successful and practical California oil producer anfl refiner, says: "The seep- ages on Sage Creek are quite large, and the oil is vnry high in gasoline and illuminating oils; the lubricants are of a high order, being almost equal to those of Franklin, Pa., which are the best known lubricants today. From surface indications there are excellent reasons to believe that a flow of oil will be had at a reasonable depth in various parts of this district. I do not think that there is a mora promising oil field today anywhere." The Provincial Mineralogist, in speaking of the big oil seepage on Sage Creek, says1: "It is not a question of seepage out of any surface material, but of a spring coming up from the forma- tiou underlying the isurface deposit, and carrying oil." The Right Men and the Right Property It will thus be seen that, in addition to having, a producing well, the tproperty chows great pro- mise for the development of many wells. The officers of the company are extremely desirous that every shareholder make money; their 'fundamental one that guides every A. SQUARE DEAL TO SHAREHOLDERS. So it is that the Columbia Oil Company has the RIGHT PROPERTY, THE RIGHT MEN, AND ALREADY HAS A PRODUCING WELL. THEftlp IS NO BETTER OIL OFFERING THAN THIS FOR THE SM'AJjL INVESTOR. You Can Buy This Stock Today for 75c a Share Tile par value Is Jl.OO fully paid and forever non-assessable. It is> our opinion that-thpjstock of the Columbia Oil Company will soon bo selling for many times its par value. "Tho stock of the B. C. Oil and Coai Development Com- pany, very close to the Columbia, is quoted at around a aliare. SHARKS IN SOME OF THE ALBERTA COMPANIES HAV-B RECENTLY INCREASED -TO HUNDREDS OP TIlliES THEIR ORIGINAL PRICE. THE INDICATIONS OF THE COLOMBIA OIL PROPERTY ARE AS GOOD OR BETTER THAN IN THE AiLBERTA FIELD BEFORE THE BIG STRIKE. HAVE YOU You