An Early Oil Exploration Letter

Book Description

ALS. 2pg. 4 ½" x 7". Feb 1867. Plank Road. An autograph letter signed "Wm H Ostrander" concerning early oil exploration. He wrote to J.E. Lipe: "Sir thinking that you would like to here from me I will drop you a few lines I have my Stone oil the ground so you see I am busy. I have drawed sixty five lodes of stone and will begin to build as soon as the wether [sic] will admit... John you put any money in an oil well our friend Lathrip has got a lot at Patrolia in Caniday and want to sink a well it is with in Six rods of the flowind [sic] well at Patrolia that flowes 400 barrels a day and there is no other well near it he thinks a shure [sic] thing or with very little risk and if he fails is willing to give the company the machinery witch [sic] is worth a portion of it he divides it in six shares at $500 each you can take a share or a portion of it do as you please. I will try a little for luck if you will take if you will take a share or a portion of it let me know immediately I think that will make the rich come try a little John for luck Mr Lathrip is all right... ". The letter has a light and small stain, and is in fine condition

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