Catalog Archive
Auction 190, Lot 248

"[Promotion Letter by E.A. Adey with a Map Letterhead] You May Share in Five Great Coastal Locations",

Subject: Houston, Texas

Period: 1919 (dated)

Publication:

Color: Black & White

Size:
8.3 x 10.9 inches
21.1 x 27.7 cm
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This promotional letter by E.A. Adey is dated July 26, 1919 and offers the investor the opportunity to share “in all the proven oil leases we already have.” The letterhead features a small map (8.5 x 3.0”) showing the five locations of their leases in the Houston area. Accompanied by a subscription form with reminder “Not just one but SEVERAL BIG DISTRICTS in which you may share” and mailing envelope.

The June 7, 1920 issue of The Financial World called Adey the “volatile New Orleans oil promoter and the chief booster of the Associated Oil Co…Adey[‘s promotion] is stuffed with ‘news’ and with adjectives. They seem to be the principal assets of his enterprise.” Adey subsequently was charged several times by the Federal Trade Commission for making false claims to sell stock, and one of the charges mentioned Adey had been indicted.

References:

Condition: B+

There are some faint dampstains along the left sheet edge and a small edge tear at top right that has been closed on verso with archival tape. Envelope and subscription form have minor soiling.

Estimate: $140 - $170

Unsold

Closed on 11/16/2022

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