Two years ago the “subdividers” had been here, with their outfit of little red and yellow flags; there had been full-page advertisements in the newspapers, and free auto rides from Beach City, and a free lunch; consisting of “hot dog” sandwiches, a slice of apple pie, and a cup of coffee. At that time the fields had been cleared of cabbages, and graded, and the lots had blossomed with little signs: “Sold.” This was supposed to refer to the lot, but in time it came to refer to the purchaser. The company had undertaken to put in curbs and sidewalks, water and gas and sewers; but somebody made off with the money, and the enterprise went into bankruptcy, and presently new signs began to appear: “For Sale, by Owner,” or “Bargain: See Smith and Headmutton, Real Estate.” And when these signs brought no reply, the owners sighed, and reflected that some day when little Willie grew up he would make a profit out of that investment. Meantime, they would accept the proposition of Japanese truck-gardeners, to farm the land for one-third of the crop. But three or four months ago something unexpected had happened. A man who owned an acre or two of land on the top of the hill had caused a couple of motor-trucks to come toiling up the slope, loaded with large square timbers of Oregon pine; carpenters had begun to work on these, and the neighborhood had stared, wondering what strange kind of house it could be. Suddenly the news had spread, in an explosion of excitement: an oil-derrick! A deputation called upon the owner, to find out what it meant. It was pure “wild-catting,” he assured them; he happened to have a hundred thousand dollars to play with, and this was his idea of play. Nevertheless, the bargain signs came down from the cabbage fields, and were replaced by “Oil Lot for Sale.” Speculators began to look up the names and addresses of owners, and offers were made—there were rumors that some had got as high as a thousand dollars, nearly twice the original price of the lots. Motor-cars took to bumping out over the dirt roads, up and down the lanes; and on Saturday and Sunday afternoons there would be a crowd staring at the derrick. The drilling began, and went on, monotonously and uneventfully. The local newspapers reported the results: the D. H. Culver Prospect No. 1 was at 1478 feet, in hard sandstone formation and no signs of oil. It was the same at 2,000, and at 3,000; and then for weeks the rig was “fishing” for a broken drill, and everybody lost interest; it was nothing but a “dry hole,” and people who had refused double prices for their lots began to curse themselves for fools. “Wild-catting” was nothing but gambling anyhow—quite different from conservative investments in town lots. Then the papers reported that D. H. Culver Prospect No. 1 was drilling again; it was at 3059 feet, but the owners had not yet given up hope of striking something.