July 18, 1919.
The Headlight editor, Mr. C. D. Roundtree, Messrs Gainor Fulford, B. Vickers and Col. H. T. Hicks visited the oil district in Washington County recently. This district lies on the northwestern side of the county, about three miles off the Sandersville-Milledgeville road beyond Brooks Spring, or two miles beyond Deepstep.
The finding of this prospect for oil is all fresh in the minds of people. The vein was struck by the county gang of convicts when they were opening up a new road across from one public road to the other. Water coming from the vein carried an oily substance on its top which attracted those present and the news ran from one side of the county to the other.
A person not familiar with oil districts, and not knowing anything about a discovery of this kind, can hardly be called upon to give a definite and certain opinion regarding same, one that is authoritive, but one who has a smeller that is in use can go there and see for himself that there is something to it. Oil and gas seem to be in the ground, is there, but nobody knows the quantity.
The Globe Reality Company, Messrs. H. T. and R. P. Hicks, of Wrightsville, have the counties of Johnson and Laurens in which to sell the lots, anyone in these two counties can secure their lots through them. The company is known as the Middle Georgia Oil & Gas Company.
The Globe Reality Company has contracted with MGA Oil & Gas to sell the lots. These lots are located close around the seepage discovery in Washington County and deeds will be made in the order those coming first getting closer to the seepage. The lots are yours in fee simple. The owner can bore an individual well on them, if you desire, sell them at a profit, or do whatever else you see fit to do with it. The company will not bore wells on your lots but obligates to the lot owners to apportion among them the entire net profits accruing from all wells or other operating leases or minerals that maybe acquired through their operations in proportion to te number of lots held or owned, as they bear to the entire number of lots to be sold by the company, to-wit: 35,000.
Men from Texas and California who have vast experience in oil wells, have examined this seepage and say its the most pronounced evidence of oil they have ever seen, and are excited over the propects and are investing large sums in these lots.
There is only two sides to this proposition. If you buy these lots and the tests of the company fail to discover oil or other minerals, your money is absolutely gone, with the exception of what a lot of land 25 by 25 feet is worth, and you will certainly have no one to blame for it but yourself. On the other hand should the company be successful and strike oil, you would have an income for the balance of your life, and your lots would be worth from $1000 to $10,000 or even more, according to the amount of oil produced.
The lots will be sold at $35 each, either for cash or on monthly payments of $10 down and $10 a month until are paid. The most reliable and conservative businessmen of Washington County are buying lots in large numbers. This is proof of their belief and confidence in the gas company. This should be conclusive proof of the sincerity they have in this company.
Needless to say, even rich men are fools.
Sunday, July 30, 2017
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