It’s a wild west show in Monroe County, Illinois, where oil speculators are scrambling to get in on the action. On the farm of Robert Frierdich, midway between Columbia and Waterloo, a test was conducted on January 31st, 1921, and the results were nothing short of astonishing. The oil well produced one barrel per minute, a rate that experts believe could put it in the ‘gusher’ category, making its owner and lessees extremely wealthy.
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Key Facts
- State: Illinois
- Category: Fraud & Financial Crimes
- Era: Historical
- Source: Library of Congress — Chronicling America ↗
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