1545

World Oil Company Ephemera

Currency:USD Category:Collectibles / Mining Start Price:30.00 USD Estimated At:60.00 - 120.00 USD
World Oil Company Ephemera
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Lot of 17. Eight envelopes used to mail some of the ephemera. Stockholders Protective Committee correspondence concerning the World Oil Company, 1931. When a shady publisher decided to become a wildcatter seeking oil riches, the end of his story might have been predicted. Ft. Worth publisher Chester R. Bunker, head of the World Company, began by seeking to expand subscriptions to his trade journal, which ostensibly offered readers insights into the booming Texas oil business. The 1917 “Roaring Ranger” discovery well between Ft. Worth and Abilene had brought oilfield discoveries close to home. Bunker’s Texas Oil World (formerly Western World) was in fact a tip sheet largely for promoting his own business interests. On June 29, 1925, Bunker chartered the World Oil Company using capital from other sources. According to Oil in Texas: The Gusher Age, 1845-1945 by Roger M. Olien and Diana Davids Hinton, the company was bankrupted by Bunker’s inability to manage the businesses he created; he “drowned them in red ink.” The authors add that he was convicted of mail fraud a few years later. [American Oil and Gas Historical Society online] Please also see Lot 1538 for more from this company. Date: 1931 Location: HWAC # 45040