The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1860-05-24
The Bigzesr Oil Report Yet.

Il would seem as Il the oily region Of this country
= really being tappei in the jugul4r. The Pittsburgh
Gazette e the list, publishes the following account
Of what i gong % in the vicinity Of Ol Creek, the
particulars obtained from . gentleman from the heart
Of Oiiiom The Gc=s'fs says
The commercial csuliron seems % be boiling still
higher in thai excited EldOradO Of Western Peunsyl-
vania. The discovery OF a new well, the next one
that has been tested % rhe NcClintCck, has thrown
far II the shade all other similar windflls Of a ureyi-
Gus date Three weeks agOa gentleman from Browns
vile, Mercer county, was offered an interest Of one
sixth in the Crosby well, which had then obtained a
depth Of 100 feet, and vas regarded a. one that
promised fair. He consulted his friends and declined
the investment Is being extra hazardous Since then
the veil has been carried t~airfy-one feet deeper,
where al extraordinary vein was struck, which has
teen called the jugular vein Of the whole oil region.
\ steam pump was prOcure1 aud put down. aud last
week operations we're begun, the result of which
showed a yield q oil which far exceeds the most san
guiue e-pectatiCus q al concerned. Several gentle
men, b. actual measurement and timing By the
watch, made an estimate Of the amount, and their
calculations gave from two and q half T. three gallons
yer minute, or from ninety 20 one hundred and fren-
u bGrTsis per G1yt The enormous value e this
well vii b. better apr reci4tei BY comparing i with
some Of the best well- in the Oil Creek district. The
NcCliuiCcE, on OIL Greek, three miles from the
mouth, Yields eighteen barrels q day. The Drake
yie.i- = barrels a day. although IT, capacity J. sup
pu-ei 70 d twice that much, the pumping apparatus
used being detective. The engineer has offered 70
give Nr. Drake twenty-oue barrels Ter dag and take
@ tEN -"T
vel, m Crawford county, about oue-f5urih q a mile
from the VenAug9 line. yields twenty aye barrels
daily. It. depth = lJJ feet. When Mr. BlruesHelI
had bored 10 feet, h. sid = man from Ohio g one
sixth interest in this vel and the whole tract ad-
j.ining, comprising some 90 or 300 acres. for So
30. 500 down and the balance in annual payments
of the same sum.
Mr.. Evans. the blacksmith in Franklin who boraI
his own well, has been offered 100000 for u. The
terms he demanded were 80, OOJ Town aud q respou-
s.oie bank Z" honor HI check at any moment for the
balance. He has also refused 5000 a year rent for
i. The Arnold well has reached the depth II 30
fee. SI or eight veins OF oil have been struck, and
rhe prupriet5rs are still 70 AZ deeper. The FrnkIn
Company have bored 3li feet. striking Oh - 40 feet,
and commenced pumping last Friday. Indications
fair. The Hoover well, three miles below Franklin
on the bank q the Allegheny river, ha- been bored
III feet. Oh in sufficient quantity 70 pay mas been
found, oIt the proprietCrs are going deeper in search
&C the great vein struck by the Crosby well Inc
well Of Graf & Painter, on Oil Greek, ! mile from
the mouth, ! reported 70 be a good one. They wee
putting up AZ engine las; week and will be pumping
this week. At the mouth OF Gordon Run. below
IIdioute, on the Allegheny, in Warren county, = veil
b feet wide was SUNK 70 the depth Of ten 'eet, when
the HOrk-sn came 70 4 rock and stopped o 70 for
their boring tools when they returned they found Eve
or tx inches Of oil on the rock and dipped oG c2 gal
Ions. They are now boring the rock and expect great
results There are not less than 200 wells now in
various stages Of progress and IN 20 days II j. esjIm-
stei there viii be 100. Previous 10 the discovery
Of the Crosby well, the excitement was excessive, but
nov - Uauls> deocTlPuOh- It's perNallrg every class
Of men, merchants, manufacturers, mechanics, ply
sician., lawyers, and il j. said, has even invaded the
pulpit There IS not q lawyer or merchant in Frank
lin who IS not more or less concerned in the oil bust
ness. The farmers particularly have become almost
infatuated, and are mortgsging their farms 10 procure
money at . per cent a month 20 be invested in oil
wells. The hotels are crowded, stages are filed 10
overlooking, and vehicles Of every sort, private and
public, are in constant demand, though still the
wants Of travellers are not supplied. The excitement
in New York city is also intense, and daily arrivals
from the vicinity are reported AZ the houses Of enter
tsinmeut-
1t has been thought that this large increase il the
supply OF oil would deteriora;e its price, but the fol-