Lot 404
(Early Oil Drilling). A good content Autograph Letter (signature illegible) from Buffalo, N.Y., August 6, 1865, 2 pp octavo, to his brother. In part: "…'Our' Oil Company have struck oil'. the boring is not yet completed but oil can now be diped from the hole. It is confidently expected that a 500 barrel well will be obtained….If my stock should prove to be worth 3 or 4 hundred thousand I would be as well off as 'if I was right'…If I strike a good flowing well I can let you have all the money or oil you want. How much will you take more than I owe you, at 7 per cent Interest. Let me know immediately." Small paper loss at top margin; otherwise Very Good.
Estimated Value $200 - 400.
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| Realized $115 |
