The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-12-14
THE PROPERTY OF THR COMPANY CONSISTS OF
THE FoLLoWIEG-


THE FOLLOWING
l. The fee simple OF 1866 known the " Coner
Farm on Big Broken Straw creek and the line Of tho
Philadelphia and Erie Railroad and half miles west
ofGGnnd Pittsneld township Warren county, Pennsyl-
vAua This land is situated in best localities
the neghborhood 1t takes the whole OF tho valley for
mile in extent, giving frontage the Broken
Straw creek Of two miles. 1t also extends northward
the bluff takes portion ofthe Blue
Eye Run, tributary of the Broken Straw Broken Straw
creek takes its rise the side the bluff which
gives rise to the celebrated OIL crock, the west side
1t is navgable from the Coer Farm to the Allegheny
river distance Of ten miles and thus affords facilities
transportation by boat TO Pitsburg As mentioned
fore, the Philadelphia and Erie Railroad directly
through the property on the bank Of the creek and thus
Is brought in direct communication with the great oil
markets, New York and Philadelphia. Tho bluffs rise
from 400 GOO feet places abruptly There
is a dam built the creek about midway the pro-
pery, giving immense waterpOwer to one Of the finest
and best. constructed mills in the country. This mill
at present COCO Oet Of lumber per day with single
upright saw.
mil be made capable OF yielding revenue to the COM
pAny at equal TO ordinary producing wen. Tho
blufrs abound with pine hemlock &C. in such quantity
AS ~ keep mill running for several years. in Rddl-
ton to the mill there is substantial and large framO
house. several smaller ones, bsrns stables, blacksmith
an experience Of twenty years residence taught the
late necessary. The bottom land the
good farming land is cleared for the purpose and ia from
15o to 200 acres IN extent.
The farm abounds with choice spots for drilling, and
with facilities the purpose such few other lands
possess The ravnes which ntersect and form breaks
tween and through the hills and which avorito loca
ties for wells have fine streams, which will give sufficient
water power to enable the Company to Immediately com
mence sinking several wells thus saving the expense and
delay in obtaining engines. derrick be built the
MILL and gearing attached, thus making the mill to
double purpose. The "shows OF oil equal and
in many places superior and more numerous,
served in what has proved to be the beF localities Oil
creek.
About two miles from the farm, over the bufs the
Hosmer OIL Company, OF Philadelphia, are drilling two
wells the Hosmsr run, which empes into the Broken
Straw at Garland These wells giving the most ra-
fyng evidence OF the existence Of oil in great quantities
have estabis its presence In that region beyond
doubt The Cotter Farm situate about miles nearly
due north the celebrated Tdeouto the Allegheny
| river.
II, The fee simple Of 1lG7 the North Salmon
creek Tonesta township, Forest county, Pa Just
the border Yenango county. This land in the
OF the Cotter Farm takes In the valley well the
bluffs both Sides and is raYersed by numerous ravnes
and little sire running into the Salmon creek. The
evidences Of oil cannot be eXceed fact are so marked
and the formation of the land is favorable the exist
enCe of oil that every oil visiting tke region says
"Salmon creek is bound equal the world renowned OH
creek" and The specuatlng public have shown their faith
in by leasing buying every OF land from this
companys territory to the mouth Of the Creekabou five
mlesas well as up and down the Tionesta river for
| several miles.
This property is situate about ten miles east Of the Ale
gheny river 1t Abounds with the best description Of timber
pine cherry hemlook, etc, which be made to yield
a handsome revenue to the Company The development
Of the country is rapidly progressing. well being sunk
half mile trom the property, two others two miles from it,
and the Tonesa is lined with each side for
milestone at the mouth of Salmon creek yielding OIL
and all Of them giving such indications while drilling that
have heretofore only accompanied the sinking Of best
wells OIL creek In addition 10 this, the counties sur
rounding Forest county north, south, east and west,
are all yielding OIL and give great strength to the suppo-
stion that Forest county in the OF immense
basin of oil, underlying that whole region Of country
A COMPETENT SUPERINTENDENT,
Mr.. FRANK o. EyERe, who has had four years expe-
rence in the business has been appointed and conn
menced operations on the lands Of the Company
limited number Of shares will be sold at the above
mentioned subscription price $3.50 per share which will be
full paid, and $4,000 applied immediately to the develop
ment ofthe property.
From the above prospectus win be seen that the
|
to Ose wishing to invest in oil stocks The extent Of the
property owned by them four square miles, the well
known prOductyenes Of the surrounding region and the
facilities possessed by them for the immediate develop
ment Of their territory at not than tws-thlrds the
usual cost warrant the Directors In asserting that th
"CotarFsrm OH Company will soon place itself amonl
the nIet dividend paying OIL Stock Companies in th,
county.
Subscription books opened and subscriptions TO th
capital stock of the Company received at their oees,
Nos. 2s and "a Washington Buildings,
THIRD STREET, BELOW WALNUT,
And al the onice Of l9.l2mwsSt
PHILIP IL. BRICE &c CO.,
No. 3O5 WALNUT STREET.