Democratic Sentinel, Volume 20, Number 24, Rensselaer, Jasper County, 19 June 1896 — Fortunes in Tennessee Oil. [ARTICLE]

Fortunes in Tennessee Oil.

Nearly $8,000,000 of capital has been invested In the Tennessee ol! fields within the last six months, and eight counties in the up-Cumberland country are awake with industry. The great value of the oil fields was kept secret for some time by speculators, who bought up all the land obtainable. The latest news from the center of the Tennessee oil fields Is to the effect that till* most sanguine expectations are being realized, and that this territory is proving to be the richest section of the State. The Standard Oil Company entered the field some time ago, and there, are now forty-one companies, operating 404 oil wells. These companies have arranged for tankage and are now discussing the question of the transportation of the oil by pipe lines.