~~ COALINGA FEDERAL OIL COMPANY ~~ There were plenty of ~ Oil Company ~ stock offerings that where total scams Was this one who knows ? earlyradiohistory.us/1910burr.htm ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ New York Times, November 22, 1910, pages 1-2: POSTAL RAIDS SHOW VAST STOCK FRAUDS _____________ Officers of Burr Bros. and Continental Wireless Co. Arrested in War on Swindling Concerns. _____________ FOUR MEN GO TO THE TOMBS _____________ Postmaster General Says He Has Closed Concerns That Have Robbed the Public of $100,000,000. - According to the Postal authorities Burr Brothers have recently been advertising the stock of the Buick Oil Company, a $5,000,000 corporation. The Burrs and their associates have also organized these oil companies: The Coalinga Consolidated, capitalized at $1,000,000: Coalinga Aladdin, $1,000,000; Kern-Western, $750,000; New York-Coalinga, $500,000; Coalinga Crude Oil, $4,000,000, and Peoples Associated Oil Company, $1,000,000. The inspectors say that the stock of these companies has been sold, with the exception of a portion of the first two named. They say that most of the money has gone into the hands of Burr Brothers. -
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