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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Sep 29, 1922
Page
3
An urgent appeal urges rapid funding to start a paying Pecos oil well. It warns money is scarce but promises swift realization on the well and property, urging subscribers to buy up to 1000 shares at 45 dollars each or one cent per foot as drilling proceeds.
A proposal offers Pecos Texas residents the chance to buy shares at 45 dollars each, with funds held in trust by Pecos Valley State Bank. Payout occurs only as the well is drilled at one cent per foot per share, contingent on a driller’s sworn statement of actual feet drilled.
An investor appeals for subscriptions to a drilling venture centered on the Toyah Bell oil field near Mexia Texas. He pledges personal funding of promotion money, touts a 40 acre stake for 45000 dollars, and claims assurances from geologists and oilmen that a profitable well will follow.
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