Holmes County Republican. [volume] (Millersburg, Holmes County, Ohio) 1856-1865, 1860-04-05
The Biggest Oil Report Yet.

The Biggest Oil Report Yet.
1t would seem rs il the oily region Of
this country is really being tapped in the
jugular. The Pittsburgh Gazette Of the
2isi, publishes the following account Of
what Is going 90 in the vicinity Of Oil
Greek, the particulars obtained from geo.
tlemen from the heart Of oildom. The
Gazrtte says:
The commercial cauldrou seems to be
boiling still higher in that excited Eldorado
Of Western Pennsylvania. The discovery
Of new well, the next one that has been
tested 10 the Nee Clintock, has thrown far
ia the shade all other similar wiudfalls Of
a previous date. Three weeks ago gen.
tlemen from Brownsville, Mercer county,
was offered an interest of ope-sixth In the
Crosby well, which had then obtained .
depth Of 100 feet, and was regarded rs
one that promised fair. He consulted his
friends and declined the investment q
being extra hazardous. Since then the
well has been carried thirty one feet deeper,
where an extraordinary vein was struck,
which has been called the jugular vein Of
the whole oil region. A steam pump was
procured and put down, and last week op-
erations were begun, the result of which
showed yield of oil which far exceeds
the most sanguine expectations Of all con-
cerned. Several gentlemen, by actual
measurement and timing by the watch,
made an estimate of the amount, and their
calculations gave from two and half to
three gallons per minute, or from ninety to
one hundred and tsoenty barrels per day!
The enormouse value of this well will be
better appreciated BY comparison with some
of the best wells in the Oil Greek district.
The McClintock, on Oil Creek, three miles
from the mouth, Yields eighteen barrels
day. The Drake yielde IL bbls. day,
through its capacity is supposed to be twic,
sa much, the pumping apparatus used being
defective. The engineer has offered to
give Mr.. Drake twenty one barrelsper day
and take the balance for pumping the oil
up. The Barueswell WE'LL IN Crawford
county, about one forth of mile from the
Veuango line, yields twenty five barrels
daily. Its debth Is l60 feet. When Mr..
had board 100 feet, he sold .
man from Ohio one sixth interest in this
we'll and the whole tract adjoining, compris-
ing some 200 or 800 acres, for $4,000,
$500 down and the balance in annual pay
ments of the same sum.
Mr.. Evans, the Blacksmith in franklin
who board his own well, has been offered
100000 for it. The terms he demanded
we're $40, 900 down and q responsible bank
10 honor his check at any moment for the
balance. He has also refused $4,000 .
year rent for it. The Arnold we'll has
reached the deb,h Of 12o feet. Six or
eight veins of oil have been struck, and the
proprietors are still going deeper. The
Fraukliu Company have bored sl4 feet
striking oil $40 feet, and commenced pump
ns last Friday. Indications fair. The
Hoover well, three miles below Franklin on
he bank Of the Allegheny river. has been
bored liz feet. Oil in sufficient quantity
% pay has been found, but the propfietors
IRE going deeper in search Of the great
rein struck by the Crosby we'll. The wen
If Graft q Painter, on Oil Creek, I mile
rom the mouth, is reported to be good
,ne. They were putting up m engine
ast week and will be pumping this week.
At the mouth of Gordon Run, below IT,
lioute, on the Allegheny, in Warren couu-
Y, q well 6 feet wide was sunk to the
lebth of ten feet, when the uorkmen came
o rock and stopped 10 go for their bor-
ng tools: when they returned they found
* inches of oil on the rock and dipped
,ff 90 gallons. They are now boring the
ock and expect great results. There are
,ot less than 200 wells now in various
tages of progress and in 90 days it is esti-
mated there will Be 1000. Previous to
be discovery Of the Crosby well, the ex-
itement was excessive, but now il battles
II is persading every class OF
men. merchants, manufactors, mechanics
lawyers, and ID is said, has even
INVADED the pulpit. There 10 not q lawyer
" merchant in franklin who is not moro
n less concerned in the oil business. The
armers particularly have become almost
and arc mortgaging their farms
o procure money al 2 per cent. month
D be invested in oil wells. The hotels
re crowded, stages are filed to overfowing,
md vehicles of every sort, private and pub
c, are in cons,at demand, though still the
1anis of travellers are net Supplied. The
xcitament in New York city Is also intense,
nd daily arrivals from that vicinity are re-
orted at the house Of fenteTtainment.
1t has been thought that this large m
rease in the supply Of oil would detiror-
ie its price, bot the following would seem
D set at rest any apprshepsions Of that
haracter. The firm Of Eveli,ch, Bisssll
) Co. . very heavy hoass in New YORK,
are sent out N agsns 70 the OIL district,
Iho has bargainsd for al the oil produced
' the Crosby. Drake, McClin,ock. and
Iarneswen mills, during the next hys
ears. He agrees 10 sell The oil at com
,ission of S per cent snd TO advance tan
cllars on each barrel shipped to the frm
|, New York, who have purchased a sits
, Franklin al $50, 900, on which they arc
hout erecting q very large refinery.
Tbe eh.rseter Of the oil varies. Some
of . I;yh. transparent color, and answers
ss,.for burning. Other oil is darker col
ned. stiff and psaessasing. and makes
\ excellent Isbrieasor. or tho former
", Is that produced in the Crosby mill;
the hitter that Of the Drank and Nc
l.~s>~l x~,sll.