oc-plain-dealer 1923-08-07

the biggest gambler in the world It Takes a Fortune to C Placed on Production. An Who Play the Oil Game, Extracts from recent issue of the Long Beach Daily Telegram: Sunday, July 29, 1923 "Gigantic Industry Has 500 Million in Cash Tied Up Here" The faith of the oil men in Long Beach is represented by 700 oil derricks that twinkle like a myraid of stars from the heights of Signal Hill. Five "Gigantic Industry Has 500 Million in Cash Tied Up Here" The faith of the oil men in Long Beach is represented by 700 oil derricks that twinkle like a myraid of stars from the heights of Signal Hill. Five hundred million dollars invested for the extraction of oil in the Long Beach area. Innumerable derricks that dot the hillside from Reservoir Hill westward to the flood control channel, dozen of gasoline and extraction plants, representing an investment of more than $50,000,000; innumerable by-product plants and kindred interests bear evidence that the oil man has placed his faith in the oil fields of Signal Hill that has made Long Beach the wonder city of the day. Signal Hill oil fields is today the greatest and most important industry in Long Beach. With a daily capacity of 220,000 barrels the local territory ranks as the SECOND LARGEST PRODUCING FIELD IN THE WORLD. It has been the source of untold wealth both to the municipality and to many thousands of individuals. When the oil field was opened up June, 1921, Long Beach had a population of 55,000. Today it is estimated that Long Beach and vicinity has a population of about 128,000. More than 20,000 men, women and children depend directly on the oil industry for their livelihood. BANK CLEARINGS HAVE RECEIVED A TREMENDOUS IMPETUS THRU THE HANDLING OF THOUSANDS OF OIL ROYALTY CHECKS. The weekly pay roll amounts to more than $500,000. Land in proven territory cannot be purchased. Some one acres tracts are valued at half million dollars. "BANK CLEARINGS HAVE RECEIVED A TREMENDOUS IMPETUS THRU THE HANDLING OF THOUSANDS OF OIL ROYALTY CHECKS. The weekly pay roll amounts to more than $500,000. "Land in proven territory cannot be purchased. Some one acre tracts are valued at half million dollars. "The field contains practically 5,000 acres of proven-up oil land. "One of the biggest oil companies in the state recently acquired a 60 acre lease west of Bixby No. 1, and plan the immediate drilling of five wells. "E. L. Doheny, probably the best known of California oil operators, went on record three weeks ago as saying that the Long Beach oil field is inexhaustible, and that new deeper sand levels will be opened up which will assure Long Beach's future as a big oil producer for many generations." Pacific Ro WESTERN SAVINGS B J. J. Dwyer, 501 N. West St., Anaheim; L. C. Si LONG BEACH OFFICE 512 Pacific Southwest Bank Ben Mu THE PLAIN DEALER, ANAHEIM, CALIF. THE oil man is the greatest gambler in the thousands of dollars every time he buil ing for oil, with a big chance that the amount of thousands before he finishes. He has no judgement (hunch) and knowledge of the o dane to Complete a Well With No Assurance. And That is Why There is Only a Small Game, to have the Courage to Go Into th Thousands, However, Who Have Made Fortu Now Enjoying Steady Incomes, from Oil Divi Owners' Royalties or Have Bought Royalty Them Owners in Proportion to Their Investr ROYALT Them Owners in Proportion to Their Investments ROYALTY INTERESTS The safest Way To Make Money In Oil Is To Own the Land Own An Interest In the Land--Any Oil Man Will Tell You this--So Will Your Banker Interests give you that very protection. You do not have any of the expense, grief or responsibilities of you do not have to risk a fortune. What ever amount you invest is final. There will be no opesessions or any other payments to be made—and no one can take your holdings from you—they will all time and are perpetual. But on the contrary you get your profit (dividends) just as soon as you own Royalty Interests, is placed on production. Royalty Interests you are safeguarded by laws which protect the Land-Owners Royalties. As an example of Indians in Oklahoma are the wealthiest people in the world, due to the fact that oil was forign original tribal land—and protected by governmental regulations-laws. Gamble just the same as digging for gold. If you strike it you are rich—if you fail you have local you had. But remember this, more fortunes have been made in oil during the last five or ten yese in gold. Indicate is dealing only in Royalties. We do not handle oil stocks of any kind or leases. We have the field gathering information, figures and data pertaining to the oil situation as it is developed ealar with every well on the hill from the time the derrick is placed until the well has been finished in territory, we know Royalties—the good from the bad. We are buying in the good ones as fast conservatively capitalized as a California Trust Estate, for $80,000. One hundred Beneficial L of our Royalty Holdings) are being offered at $800.00 each. In buying you will own an interest per cent Royalty Interests, in various leases in the proven district of Signal Hill on which w arious stages of development. TWO AT THIS TIME OF GOING, TO PRESS ARE PRO the basis of oil selling at $1.00 per barrel, an average daily production of 2500 barrels from the contry. Interests will cover, should pay monthly dividends of 37½ per cent, or $300, on each Bene- We have the best Royalty Interests to offer you on the market. Buildings will bear the closest inspection-We are interested in owners royalties right in the midst of some of the biggest progresses. In other words, if some of the wells are lost, or temporarily taken off of production, the production wells will make it up and keep the income coming. Royalties Syndicate SAVINGS BANK OF LONG BEACH DEPOSITOR Anaheim; L. C. Simmel, 710, W. Fourth St., Long Beach; Gordon E. Taylor, Long Beach, Tru Ben Murphy, Sales Agent ANAHEIM C 226 East Cent ambler in the world, for he must invest time he builds a derrick and starts drillthe amount will run into the hundreds He has nothing to guide him but his age of the oil fields. Assurance That it Will Be Only a Small Percent of Those Go Into the Production End Trade Fortunes In Oil, And Who Oil Dividends, Either Own the Royalty Interests, Which Has their Investments. Royalty Interests, Which 1945 their Investments. ULTY INTERESTS own the Land Or to Man Will or responsibilities of drilling the There will be no operating ex- gs from you—they remain in the ds) just as soon as the well, in yalties. As an example: The fact that oil was found and pro- you fail you have lost—probably the last five or ten years than was or leases. We have experienced it is developed each day. We l has been finished. We know we good ones as fast as we can. hundred Beneficial Interests (part will own an interest in approxi- Hill on which wells at this time RESS ARE PRODUCING barrels from the combined leases 300, on each Beneficial Interest The SIGNAL HILL Oil Fields At LONG BEACH, CALIFORNIA are the second largest in the world hundred Beneficial Interests (part will own an interest in approxiHill on which wells at this time RESS ARE PRODUCING barrels from the combined leases 300, on each Beneficial Interest areas so as to benefit by the law production, the production from on the market-our interested in land the biggest produc- indicate POSITORY , Long Beach, Trustees. ANAHEIM OFFICE 226 East Center Street second largest in the world We are offering you the Best and Safest Opportunity on the markket to secure Royalty interests in this Wonderful Field. CUT THIS OUT Send your Booklet on Royalties Free to Name..... Street..... City....... State.......