Jasper County Democrat, Volume 14, Number 3, Rensselaer, Jasper County, 15 April 1911 — MORE “GAS” THAN OIL. [ARTICLE]

MORE “GAS” THAN OIL.

Land in the vicinity of Roselawn is said to have advanced in price from S3O to SIOO per acre on account of the discovery of oil there.—Monticello Herald. Investors, however, will do well to hang onto the “spondu” until the “gas” is drawn off. As a matter of fact no oil to amount to anything has been struck as yet, aud the chances are will not be.

There are little pockets of oil all through this section of the state, and a great many thousand' dollars was squandered in “developing" the “Jasper County oi! field in Gillam and Walker townyships a few years ago. Much oil stock was disposed of in the east, we are told, but nary a dividend did the stockholders ever receive. The oil was not there in paying quantities and except for a few promoters who made a little money selling stock, it was a disastrous failure for everyone concerned. The whole thing has been too "dead to skin now for several years, and the mortgage foreclosers, clearing up titles covered by oil leases, etc., has occupied considerable attention in the Jasper circuit court for sev-. eral years. A well was put down last year near Thayer and a little oil and some gas struck. A well is now being sunk southeast of Roselawn which is down several hundred feet. Such things always attract attention and lead some to “take a chance” by invesing good money where they stand about one hundred chances to lose to one to win. Should oil be struck there —mind, we say, should—it would give that section of the country which is far from being the best farming section of the state, quite a boom. But the chances are too remote to talk about SIOO an acre land at this time. The Democrat advises wouldbe investors to keep their hands on their pocket-books for awhile yet at least.