Rensselaer Semi-Weekly Republican, Volume 19, Number 94, Rensselaer, Jasper County, 2 August 1898 — No Use in Such Exaggeration. [ARTICLE]

No Use in Such Exaggeration.

The following special telegram appeared in Saturday’slndianapolis Journal: Rensselaer, Ind., July 28. —In drilling for water today in this city Burgess Dillon struck oil, which is flowing at the rate of fifty barrels a day. There is great excitement here, and already parties are leasing lands and town property for oil privileges. Real estute has advanced since the discovery. The above telegram is the grossest exaggeration as to the magnitude of the oil well, and absolutely false as to parties leasing lands for oil priveleges, and real-estate advancing on account of the oil strike. The well is not only not flowing 50 barrels a day, but it is not flowing at all, and it is doubtful if more than a barrel or two of the oil could ever be got out of the well. * ■ - -