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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Sep 22, 1922
Page
3
An urgent appeal urges quick fundraising to start a Pecos Oil Field well. It promotes buying up to 1000 shares at 45 dollars each or one cent per foot, with payment due now to accelerate drilling and eventual returns on the property.
A proposal offers investors $45.00 per share to fund a well. The bank holds funds in trust and pays out only after the driller swears the drilled footage equals the payment requested. Each foot drilled earns one cent per share.
A Texas prospectus urges investors to buy shares in a Wheat Guarantee Well project linked to the Toyah Bell discovery. The offer claims all promotion funds are self-financed, promises substantial fortunes from a 40 acre site, and invites subscriptions via the Pecos Valley State Bank in Pecos Texas.
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