Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1864-12-23

CRpital.$2eG.080 ShareF-2O0,0 600. Par Value 90,
Hon. JOHN ROWE, President
J. SIMPSON AFRICA, Secretary and Treasurer
DIRECTORS.
W. s. FLETCHER MeConaeIlsburg Pa
JoHS RowE. GreencAate, Pa
T. BENEDICT, Bedford, Pa.
J. II. SEYAoUR, Hagerstown, nd.
y. G. EyERHART, Martinsburg, Pa.
JoHS J. ScHELL, Somerset Pa.
T. T. RAMsDELL OH City, Pa.
The property Of this Company consists Of 200 acres of
land in fee simple situated he side the Ailc-
gheny river short distance above The mouth OF Scrub
Grass Creek, in Scrub Gss Township yenango county
Pa It has frontage along tho river Of one mile with
good boring surface for the whole distance Two good
oil wells IN operation east side of the river
Immediately opposite the property Of the Co.
The following in regard 70 adjoining tract taken
from editorial in the Philadephiz Price Current OF
December IL.
@he geological relation Of this property to Oil Creek
is such that the bearing strata which supply the wells
the Middle Section Of Oil Creek from the Washington
McCintock Farm the north to the Buchanan on the
South must pass under this property the range Of the
strata certainly bringing the localities into this
al relation Other data obtained from investigation
of the conformation Of the ground, and the underlying
rocks lead to the same conclusion, viz that the main
bolt Of oil which extends down from the north northeast
and supplies the wells the Washington, McClntock
Egbert Stone, Tar snd Buchanan Farms sweeps down
still farher the south southwest direction cor
responding with and controlled by the inclination Of the
strata and underes this property Il is well ascertain
ed by the testimony of aged and respectable residents that
the Indians years gathered OIL from the suree Of
the rsynes on this property and used for rheumatic AZ
fections.
In later times the of Bullion Iron Furnace
gathered and used the oil for the puspose applying it to
gals and bruises their horses Oils for years was seen
to exude number Of places among Others al the root
Of an old stump on the bank Of the Allegheny river aud
in the rayine alluded to.
few years ago, the then Of the tract with one
two Of their neigbbors bored WELL few feet above
the old stump The first vein Of oil was struck At the
Hputh nf feet audfh he
ced from Oil Creek employed to tube the we'll
which produced Of oil three quarters Of an Inch
in diameter The owners Of the WE'LL satisfied with
its production, pulled out the chamber and drilled
feet deeper when they struck salt water in large
quantities and of great strength Believing that the man
uacture of salt would, at the time, yield them better
profit they arranged their seed bags in the we'll 50 as to
enable them to exclude the oil and pump the salt water
Still oil was pumped along with the water in such guam
titles as to gather upon the top of the wateranks from
whence it was collected barreled and sold"
There every reason, therefore, to believe that the pr
perty Of the Company is rich in It's supplies Of oil The
inclination Of the Strata proves eoneusyey that those
supplies of oil on Oil Creek have higher than the
oibearng rocks this property and that consequently
the supply viii be permanent than that of Oil Crock
itself The large extent of boring territory equal
OF half dozen companies Oil Creek b0at-landng on
the Farm with the advantage of nayigabie stream for
the transportation Of OIL and the certainty of the exs-
ence of large quantities Of coal upon the tract makes the
property of ncalculAble value
The Company about preparing sink wells
and confidently expect the early development of oil
paying quantities.
The plan of organization adopted bv the Companv com
mends itself public approval from the that places
fictitious value upon its stock but confines the sale Of
shares strictly to their par value.
limited number Of Shares be had By applying to
the following named gentlemen.
F. Benedict, Bedford Pa
Jacob Reed,
B. T. Meyers,
J. Henry Sehell Sehesburg, Bedford County, Pa
James Lowther, Altoona, Blair County, Pa
5. S. Barr, Holdaysburg, Pa.
C.W Ashcom Hopewell, Pa
/. II. Kausler Hagerstown Md.
S. II. Prather Co., Greeneastle, Pa.
J. Hostetter & Co.,
j. j. Phillips, Waynesboro,
John s. Miller Huntingdon,
Samuel Henry,
w. d. McKinstry Mercersburg,
Philadelphia.
dee2S, '64.