{ title: 'Salamanca inquirer. (Salamanca, N.Y.) 1919-????, July 18, 1919, Page 7, Image 7', download_links: [ { link: 'http://www.loc.gov/rss/ndnp/ndnp.xml', label: 'application/rss+xml', meta: 'News about NYS Historic Newspapers - RSS Feed', }, { link: '/lccn/sn92062037/1919-07-18/ed-1/seq-7/png/', label: 'image/png', meta: '', }, { link: '/lccn/sn92062037/1919-07-18/ed-1/seq-7.pdf', label: 'application/pdf', meta: '', }, { link: '/lccn/sn92062037/1919-07-18/ed-1/seq-7/ocr.xml', label: 'application/xml', meta: '', }, { link: '/lccn/sn92062037/1919-07-18/ed-1/seq-7/ocr.txt', label: 'text/plain', meta: '', }, ] }
Image provided by: New York State Library
I 7 ■ § ■■ \ ■■ SALAMANCA INQUIREE t ' - -V. i.- PAGE SBYEN , -- -f- . . MoreAppalachian Wells High-Grade Production Territory Shows Something: You Don’t Go In With Dead Ones or Go On A Big Doubt When You Put Up Your 2 5 Cents A Share To ==Join the Appalachiatns These. twenty-four new wells ought to bring in a daily increased production worth $1,000, or one- third of a million dollars a year. They will be, drilled on the famous Gault lease, midway between^ Salamanca and Bradford, in close proximity to ten nice producing wells and two power* plants. All the trains and trolleys or their connections out of Salamanca run through our leases. You can jump on a train or traction car and go right down and see what we are doing. Tracing the pay line of this production over to where.J. P. Hassett brought in a fifteen-barrel well July 7th, and then back to a line marking the unfailing Gault record of sure strikes, we have grounds for believing that the 25 cents purchasers now pay for shares will be account ed fine collateral at double this price in the course of a few weeks or a few months. We are talking conservatively now. You may see the shares go on the market at par before the year is .out, because the new Appalachian System of Gasoline Service Stations, through which we intend to serve the fin ished product of our oil wells direct to the consum er, is bound to convert any considerable output from the wells into an unusual surplus and divi dends. We are only taking the Automobile Age, which is yet in its infancy, and also our new method and economic plan of catering to the wants and comforts of automobile, truck and tractor owners, as a criterion on which to base this look into the future. Think How Far-Reaching this pro position is: Think! Yes; think what will happen when we get through erecting these Service Stations at Corry? Salamanca and Union City, and have planted the Appalachian ideal form of Service Stations' at Jamestown, Westfield, Dunkirk, Clean, and then ramify through to Elmira and other York State cen ters, including Schenectady, .where automobile traf fic is heavy at all points of the compass. You com mence to see possibilities then. You com mence to quit figuring on the 8 per cent interest you get from the start—^which is secured and made safe to you on actual production \set aside for this particular purpose. You start to thinking how the shares for which you now pay 25 cents will grow in value. Only 200,000 of these shares are being offered— not over $50,000 worth; but there is no thing to stop $50,000 from turning into a million, on a very small percentage of results expected from the preparations now in embryo. Think What Kentucky Promises to do; We have not said a word yet about Kentucky. But ultimately and at no distant date we shall commence operating in Kentucky. Our distributing point there will be near Bowling Green, right near our properties in the rich oil fields of southern Kentuc ky, where the counties of Barren, Allen, Monroe, Warren and Wayne are coming-rapidly to the front as big oil producers and where the opportunities are unlimited for“the production of gasoline and lubricants. Our field manager down there is very much on to his job. They say down there that J. M. Hickey has the experience and ingenuity which spell success; and with his ability, and our organi zation’s backing, we hope to give you ah investment based on even greater things than we believe you will win out of New York and' Pennsylvania oil fields. Think What Comes as the Big Idea grows; With half of the production figured on from the 24 new wells on the Gault Lease we ought to be able to supply by the last of this year or next year all the- gasoline which will be distributed in our first chain of Service Stations. If we can do -this we can show a net profit of 12 cents a gallon on every gal lon thus retailed; but if the Service Stations plan for Corry, Salamanca and Union City mature as rapidly as we expect, we will b.e compelled to buy much of our first supplies of gasoline from other producers. Still if we had to buy^all our gasoline from other producers we could ma.k.e a net profit of 3 1-3 cents a gallon. The new Service Station plan would be a lucrative enterprise without our own production, and would promise you. a safe in vestment. But that is not the big idea. From the ground up to you and your automobile. That’s the big idea. Think of the 8 Per Cent You Get From the Start; We give you an absolute guarantee of 8 per cent interest at the start, to be paid in quarterly install ments of 2 per cent, from production of 7-barrel well, yielding $28.00 daily, or more than $10,000.00 annually. In other words you are amply secured for every dollar you subscribe to these 200,000 shares. You are thus secured by a bonafide lien which virtually makes your investment no risk, whatever, and the $4,000 that has heen set aside from a regular producing welFs production to pay your 8 per cent interest is substantiated by a colla teral contract furnished with your certificate at the time you pay for and receive your shares. The App^achian Petroleum Prospecting Company which invites you into this limited issue of 200,000 shares, is incorporated for $3,000,000 with 3,000,- 000 shares of $1.00 par value; and owns^ and con- trols leaseholds of 7148 acres right in \h e very thick of the best proiiuction fields of New York, Pennsylvania and* Kentucky. Its officers are: Frank W. Steck of Oil City, Pa., president; Frank Mack of Eldred, Pa., vice-president; William S. Morton of Great Valley, N. Y., director; Dr. W. H. Hay of Corry, Pa., director; Katherine Head of Janiestown, N. Y., secretary; John E. Smith of Jamestown, N. Y.,^ director, and C. J. Paulson of Erie, Pa. director. Think of the Reasons Why You act Now; Get your subscription in to us now while you can buy a share for 25 cents. Don’t wait till the issue is elosed; or till some unexpected news from our production ^centers might report a well or wells so big, the directors would ,Jn fairness to the rest of the stockholders, be forced to withdraw what would be left of the issue, or advance the price per share. We make no stipulation that any unsold part of 200,000 shares now offered will be held at that figure, and a record-breaking strike on the Gault Lease would be no surprise. Mr. Gault is some ex pert as a prospector, and he is expecting wonderful results on the present line of developments. APPLICATION FOR STOCK The Appalachian Petroleum Prospecting Co., Salamanca, N. Y. Gentlemen:' I hereby make application for . ...................... .. Shares of Capital Stock in yopr Company at the Special Price of twenty-five cents per share.. Said stock being Fully Paid and foi'ever Non-Assessable. I hand you herewith ............... ($.... . ) Dollars, and- agree to pay the balance, (if auy} in fen equal monthly payments beginning thirty days from the date hereof. My Signature Address . ............ .. .T Mail this application today with your remittance THE APPALACHIAN PETROLEUM PROSPECTING COMPANY 47 MAIN ST., SALAMANCA N. Y, / Corry, Pa., Office Jamestown, Ni Y., Office ■ li I r X ■ ■■ J • v mmmmm