, 1860-03-27

The Pcnnsylvanfa OH Welra..Nesv Dit.
coverles--GrcAt Excitement.
It twould seem as If tho oily region Of Penn55yl-
vaaia IL being tapped in the jugu1ar. The Pitts
burgb Gazettt, Of the o1st, publishes the follow
ing account Of villa. is going on in tho vicinity
| Of Oil Geek, The particulars being obtained
from gentleman from the heart Of oiIdo,n.
The Gd=<fte says: :.
The discovery Of d rew we'll, tie next Que that
has been tested to the McClintock, hns thrown
FUR in the thade all other similar Windlats Of t
previous date. Three weeks ago, gentleman
IRON Brownsville, Mercer County, WAS offered
IN interest Of: a-eixth ii the Crosby well,
which had then obtaaned d depth ef 10o feet, aud
was regarded Us one that promised falr. .He
consulted his friends, and declined the Unrest
well has been carried u test Jeepert where IN
cxtraordinary vein was struck, which has been
called the jugnlxr vein OF the whole oil regio1
4 steam pump was procured aud put dowp; aud
last week operalions were begun, the result OF
which showed u yield Of oil which far exceeds
tue most sanRaine expectations of all concerned.
Several gentlemen. by actual measurement and
timing by The watch. Nude m estimate Of the
amount, and their calculations gave from two
aaa half to three gallons per minute. or from,
Hintty to one! huhdrfd and fwsnty ha, ,rtL PtrcaN
The enormous ra:ue OF this well will lie better
wells in the Oil Greek district. The McCiin~
took. on Oil Greek, three miles from the mouth,
yields eighteen barrels per day. The Drake
yields tWelyc barrels day, though its capacity
is supposed to be txice thu. much, the pumping
apparatus used being defective. The engineer
has offered to siye Mr. Drake tweatyoue bar
rels per tlky aad take the hslance tor pumping
the oil up. The DarnesweM we'll, in Crawford
County, about one fourth Of mile from the Fe-
mango line. yields twenty-five barrels daily. Its
depth is 1G0 feet. When Atr. BarnesweI had
bored 120 'cet, be sold man from Ohio one
sixth interest in lis well and the whole tract ad-
joining, comprising somc 300 or 800 acres, for
&l0,01V--S500 down, aud the balance in annual
payments Of the same sum.
Mr. Evans, the blacksmith in Franklin who
bored his own well, has been offered 100000
for it. The terms he demanded were $4,000
down, aud responsible bank to honor his
check at any moment for the balance. II. has
also refused IS, 900 u year rent for it. The Ar
no!c well h1s reached depth OF 120 feet. Six
or eight veins Of git hare been struck, and the
proprietors are still going deeper: The Frank
lin Company have bored 314 tset. striking oil Ut
indicatioos fair. The Hoover weti, three miles
below Franklin on the bank Of the Alleg|,aney
river, has been bored liz fee.. Oil in sufficient
quantity to pay has been found, but tue proprie~
tors are going deeper in scarc', Of the great rein
struck BY the Crosby we'll. The well Of Graft J.
ntAk@A5 uA VIA NACSAt Vt!E AAAE AtA4 kAt A1pAtAs
is reported to be agood one. They we're put
ting up NJ engine lust week, and will be pump
inE this week. 1t the mouth of Gordon Run,
below Iidioute, on The A1ieghauy, III War.
rem county, well six feet wide was sunk
to the depth Of ten feet, when the workmep
ing tools; wheu they returned they found fire
or six inches Of oil on the rock and dipped of
So gallons. They are now boring The rock und
expect great results. There are not less tlian
goo wells NOW ia various stages Of progress.
and in ninety days it is estimated there will bo
1000. Previous to the discovery Of the Crosby
well. the excitement was excessive, but new 1t
battles description. 1t is peryaIiny every class
Of men, merchants, Manufacturers, mechanics,
physicians, }awy ers aud it is said, has even in-
raded the pulpit. There is not fawyer or
merchant iu Frlnkfn who is not more or lass
concerned in tue oil business. The fatners
particularly hare become almost infatuated, and
are mortgaginy their farms to procure money at
two per cent. q month to he invest d in oil wells.
The hotels ure crowded, stages arc filled 10
owe, e,foning, and vehicles of every sort, prira'e
and public, are in constant demand, though still
the wants Of travellers are not supplied. The
excitement in New York city is also intense,
aud daily arrivals from that vicinity are report
ed at the houses Of entertainment.
II has been thought that this large increase
in the supply Of oil would deteriorale its price,
but the following would seem to set at rest any
apprehenslons of t4at character. The hrm OF
Eyenlitch, Hiaselt Co., very heavy house in
New York, bare sent out an agent to the oil
district, who has bargained for al the oil prn-
dueed By tue Crosby, Drake, NcClintock and
Darnsweif mills during the next five years. lie
agrees to s=1l the oil at commission Of i've per
cent aud to advance len i"liars on each barrct
shipped to the firm in Ncw York, who hare pur-
chased 4 site in fraukn ut So. .01e, on which
they are about erecting very large refinery.
The character of the oil varies. Some is of
light transparent colur, au1 answers best for
burning. Other ol is darker colored, stiff aaI
penetrating, and makes IN excellent lubricator.
OF The former sort is that produced in tie Cros-
by mill; Of the latter, that Of sAe Drake and
Mcf,iiutock mills