[Boston: 1900]. pp., on a bifolium. Previously folded; light wear. Very good. Item #668
Rare illustrated prospectus for the potentially fraudulent Bernalillo Oil Company, based in Boston and San Diego at the turn of the 20th century. The text promises astounding returns, stating that, "Enormous fortunes -- greater by far than those made by Gold in its brightest days -- are now being made in California Oil. Few in the East appreciate the stupendous nature of this great industrial awakening, and the unparalleled opportunity it affords for large profits on even limited investments." The promoters further advise readers to send away for more complete information about the company's holdings and business plans, but also provide the hard sell, intimating that the price of the stock will rise precipitously in the very near future and that recipients of the prospectus should "buy at once." Nevertheless, A 1905 article in the business periodical United States Investor cast serious doubt on the venture, writing in response to a query about the trustworthiness of the company that, "The stocks have no market value, and intrinsically they are not believed to be worth more than the paper they are printed on." Not in OCLC.