Lot 80 of 455:
Prospectus for fraudulent oil stock in California  

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Lot closed - Sold For (Includes Buyer's Premium):$330
Estimate:
$500 - $800

Title:
Wealth in Less Than One Year... It Is... California Oil
Author:
Place:
Boston, MA
Publisher:
Holleman & Rippey
Date:
1901
Description:

[4] pp., single folded sheet. Printed in red and black; 1 illustration from photograph. 28x20.5 cm (11x8").

Prospectus offering investment opportunities in the Bernalillo Oil Company, through which one can gain "Wealth Beyond the Dream of Avarice" by investment of 20 cents a share. Though this prospectus originated in Boston, it should be noted that the Bernalillo Oil Co., incorporated in 1901, under laws of Arizona. Philip Morse, of San Diego was president, and the home office was located in the First National Bank Bldg., San Diego, Cal. No copies are listed by OCLC/WorldCat.

The company was, it seems, based on fraud. The United States Investor, April 29, 1905, wrote that "when the Bernalillo Company was brought out, we reported adversely on it and intimated that it was very doubtful of anything would ever come of it. Nothing has been heard of the company for some time, and the supposition is that it has found it’s end-oblivion. The stocks has no market value, and intrinsically it is not believed to be more than the paper it is printed on."

Lot Amendments
Condition:
Old folds with some wear along them, very good.
 
Item number:
302990
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