PETROLEUM.

Taranaki Daily News, Volume XLVII, Issue 8161, 20 July 1906, Page 2

PETROLEUM.

TO IHB BDITOB. Sir,—lt seems, after all the evidence of a large doposit of precious oil in our immediate neighbourhood, strange that there are still amongst m some pessimists who refrain from investing even a solitary sovereign in an oil share, because the tap has not been turned and thousands of gallons of valuable material wasted. The fact of thousands of gallons having already been disposed of, to say nothing of the great quantity in the barrels and tank on the site, should convince even the most sceptical of the genuineness of the well and the value of the bore, but if even the present bore gaye out, the quantity of other wells which have been sank into oil would prove that vast profits must accrue to tho shareholders, and it seems unaccountable that the workers of New Plymouth should refrain from participating in these emoluments which appear so certain. The enormous profits made in America by ihareholders lucky enough to strike oil are most enticing, but here the oil is struck, the profits visible, the income assured. Tho good thing seems to d-izzto with its brightness so as to convince uninitiated men that it cannot be. Yet what better investment can be plaeed before working men, men who do not hesitate to stake their note on tho totatisator, than tho certain profit of an oil share, Every working man in New Plymouth, should speurl his half-crown and secure a share or more, if possible, in the name of his wife, then when the certain rainy day oomes he will have some certain provision for his family. It must also bo remembered that the existence of oil in payable quantities has neyer been doubted; it was tho water which caused trouble, but now Mr Fair has conquered the water, that difficulty is at an end. Very few hours now will see tho sharo list closed, and very few weeks will see the laggards and doubters biting their fingers, because they have hesitated too long.—l am, etc., James J. Elwin.