Pomeroy weekly telegraph. [volume] (Pomeroy, Meigs County, Ohio) 1860-1866, 1861-03-15

Should 1t prove as profitable as is now
generally supposed it will, at no dis
tant day will Pomeroy be the center Of
the greatest trade on the Ohio River, at
any point between Cincinnati and Pitts
burgh There are other interests that,
so far, have been but partially developed, !,
that will become known, which is but
necessary to the building up Of this
trade. Most prominent among these in
terests, the Salt, Coal, and our great IA
cilities for manufacturing, are the most
conspicuous, and what more is requisite
to the growth of vast commerce.
! Where can there be found an inland
town OF city that has the natural re-
sources, upon which to build an exten-
sive commerce, equal to our own? Even
/ Pittsburgh, Wheeling, Cincinnati, or
Louisville have not the resources for
great commerce that this locality affords.
AS far as the advantage Of river navi
CATION is concerned, ours is decidedly
better than either those of Pittsburgh
or Wheeling, the river being navigable
from this point down all seasons of the
year. Over Cincinnati or Louisville we
have, as advantages over their manufac-
turing interests, the very heavy item of
fuel, at about one half the price they
pay for it; and over all these points our
Salt interests-which can compete with
the world-could alone be brought to
equal the entire commerce Of either Of the
abore cities, and will, at no very distant
time, become a controlling element
in the trade Of the Mississippi Valley.
But we digress from our purpose,
which was to give few items regarding
the oil enterprise.
As yet, but few Developments, worthy
of mention, have occurred since our last
The independent Company have test
ed the we'll alluded to last week, and
it is safe to. put the yield at ff-
teen barrels per day, pumping by
hand. They ave erected their cistern,
and the pump is actively at work, The
costof getting their oil to market is from
30 to 35 cents per barrel, and deducting
the cost of barrels and transportation,
the proceeds arising from the yield
of this well is $S5750 per week The
cost of pumping and putting in barrels
is to be deducted from this amount in |
order to arrive at the net proceeds Of the
we'll for one week
The privilege of about one acre of
land, adjoining the lot upon which this
we'll is located, sold, on Friday last, for
$500, the owner (MA Highland) to get
one-ffth Of the-oi lis is probably
the highest price ever paid for land in
our county, as it is. to revert to Mr..
Highland
By reference to our advertising col
umns, VIM. Bailey, Jr., offers two leases
for sale on Saturday next, on the farm
adjoining, which is considered equally |
valuable. n-s
The Rutland Company" have ceased |
boring, and are rigging up pump for
their we'll. also on ''Highland's Place.
which will be tested shortly. ri.
Many other wells are in progress, and
within q couple of weeks not less than
fifty wells will probably be sunk to the
requisite depth, to know whether they
are successes or failures
Near Rutland several wells are being |
bored, and others under contemplation
In Orange Township boring has com
menced, surface indications being good. /
On :. Wolf-Pen, IN this Township,
about 81 miles froul Pomerey, the g Pc
troleum Company, composed Of Ell. L. .
Swallow, G. Grant, John Gilm ore, A. C.
Gilmore, Ell. l.. Osborn, and S. A. NJ.
Moore, commenced boring Oh Tuesday,
and at the depth Of twelve feet struck
vein, and it is thought that indications
generally favor this point as being equal,
if not superior to all Others in the neigh I
borhood Claims on Wolf PEI" are in
demand.
The we'll at Davis, Planning Machine, |
in Pomeroy, is 185 feet deep, with less
encouraging results than lastweek. The
same Company, however, have ''good
showl'' on Thomas Fork.
We hear it rumored that number of
gentlemen from the East have in con-
temptation the erection of a refinery at
this place. Certainly better point
could not be selected We hope they
will receive the encouragement such an
enterprise deserves.
We designed speaking of the pros
poets Of other Companies, but have al
ready extended this article beyond proper
limits. =:
Bsa, A bill is now before the Virginia |
Legislature 'to prevent abuses of the .