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AUTOGRAPHS -  LOT #109

GEORGE  GETTY ALS: 

GEORGE GETTY WRITES CONCERNING
CONDITIONS IN THE OIL BUSINESS

"We are starting an active campaign for good lookingleases hoping and trusting to build up a strong organization"

GEORGE F. GETTY, (1855-1930). Oil pioneer and magnate; father of J. Paul Getty American lawyer and father of industrialist J. Paul Getty.

In 1904 the Gettys moved, with their young son to Oklahoma, where George began a career as an independent oilman. Within two years, he had amassed a fortune from his Minnehoma Oil Company and moved his family to Los Angeles, California. In 1913, George lent his son Jean Paul (now aged 21) money to invest in oil wells. By 1915 Jean Paul had made his first million and the following year George and Jean Paul incorporated the Getty Oil Company, an early version of Getty Oil that was to come. George never did approve of Jean Paul's lifestyle, perhaps this is why he did not leave the company in the sole control of his son. George F. Getty died in 1930. He left his estate, valued at $10,000,000-$15,000,000, to his wife Sarah in the form of the controlling interest in the family firm; "George F. Getty, Inc.", although Jean Paul became President of the firm.

Autograph Letter Signed 4 pages, both sides of two sheets. 6" x 9 ½". On imprinted stationary of the Skirvin Hotel in Oklahoma City. In part:

"Oct 30, 1914, Dear Mrs. K., I had expected to go on from here home, but business has taken such a turn here that I have decided it is best me to postpone my return and have just wired you to that effect. I have an opportunity here to go on with a company which includes Dr. O’Hern and Mr. Butrum, former State Geologist and his assistant who have already established a record of locating four anticlines and finding oil on each. They have three or four more and they will procure the leases and give us half the leases for drilling the first well on our own land…

We are starting an active campaign for good looking leases hoping and trusting to build up a strong organization and be ready for active drilling when conditions are right in the oil business and recoup our losses in Kansas"

Getty goes on further about the business and accounting matters on thus. Signed "Geo. F. Getty."

 In Fine condition.   250. up

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Terms of Sale
  1. All items are unconditionally guaranteed to be authentic. If an item is found not to be authentic, the full sale price will be refunded.
  2. A 15% BUYERS PREMIUM WILL BE ADDED TO THE FINAL HAMMER PRICE.
  3. All accounts are payable in full upon receipt of invoice unless other arrangements have been made prior to the sale. Any special credit terms should be made as early as possible. Title does not pass until full payment has been received.
  4. No "Buy" or unlimited bids will be accepted.
  5. We reserve the right to reject any bid we feel is not made in good faith.
  6. In the case of tie bids on the book, the earliest received shall take precedence.
  7. This is not an approval sale. Lots may not be returned except for reasons of authenticity or a material error in the catalog description.
  8. Please bid in U.S. dollars and only in whole dollar amounts. Fractions of a dollar will be rounded down to the nearest dollar.
  9. Some lots may be subject to a reserve.
  10. Shipping charges will be added to all invoices.
  11. The placing of a bid shall constitute the bidders acceptance of these terms of sale.

 This sale is being held under the laws of the State of New Hampshire.

NEW HAMPSHIRE AUCTION LICENSE #4002
MASSACHUSETTS AUCTION LICENSE #2692

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