The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-12-31

The developed properties OF this Company are on Oh
creek 1le portion Immediately productve-up,n the
largest scAles tract of about four on the John
hcCntock farm at the junction OF Cherry and OIL
creek. is wen known that the lands upon both these
are the certain and reliable if not the
largc,t, Of supply Of oil anywhere known. This
construction Of wells in all the neghborhood generally
arded with sometimes very largely so-as
the Reed tho Anderson the Excelsior wells and the rich
and productive property Of the Curtin Company. On
the John McClntnck farm (Of which the Reserve is
part, and in its very centrc), nearly every well is
sHccets
On Reservation there have been FIVE leases made to
reliable men, in Interfere with the
mansion and grounds around II On these several leases
there four wei completed and two In forward
OF construc' ION No (the Haines welD pumping we l.
which at the time Of the Committees Wis to the property,
November 90 yielding from so to 90 barrels per day.
has Increased los barrels at last measurement; and
IS believed viii soon become large flowing well 1t is
understood that the half OF this WELL and that too the
u0Tting half sold recently for ST5O0L MOL well
wa flowing $40 barrels daily when Committee were on
the premises. MOB well is pumping and flowing about
l25 barrels per Gay promises to flow over 200 barrels
per day In a very short time. No well has commenced
pump OIL and promises TO be nearly, If quite equal
| to No.3
| The two wells, Nos. and G. now constructing must
add largely TO the income of the Compauy-So.2 only
waiting tubing and No in process Of boring.
The nterest OF the Company in the McClntock Reser
walton Onefourth Of all the oil produced herefrom
Of expense in tie existing five leases and abundant room
Is AFFORDED for eight ten actonal wells In the territory
embraced In these leases Those producing furnish
about barrels daily, income Of $1,000 per day
The Company own, in fee smp c, the haaore which
the mansion This Will be developed rapidly
possible for the benefit Of the stockholders. 1t is
believed thai the production Of the wen wells which
may be put upon this portion Of the property win add
| largely to the Income of the Company.
The Company have also purchased e-third interest
in three and half acres on ON creek, the Ii
McCatook farm, three miles no. tn Of the Reservations
| and opposite the Egbert iarm, where larges
wells of the neghborhood. on this property oBly
one well mas been completed, and is producing
30 barrels daily thus giving to the Company income
1 Of 10 barrels clear. Another well is in progress
and much room exists for others, which will be
! commenced,
present income of the Company is, therefore,
basel upon lC2 Larrels per day, which, at $l makes
A.tuai revenue OF ss,6,OOO.
AtA recent meeting the Corporation agreed TO
sCt all the unproductiye property pr nted In their
Ta hlet except the valuable uact on P Hole creek Of
30 and subst.ule therefor workiag capital OF
go U by which change the interests Of the stockholders
| viii be greatly slbserytd.
Since the puiohse OF the property aud the publication
Of the Ccmpany Prospectus the increase ia the Yield
oil has 1eary doubled. II cannot be coubed that ie
companies present large Immediate proht and with
all the wells compie which in progress 1t will
compare avoraby with the most successful OF the organ
zed companies The parties engaged In the org
aimed give q the stockholders the largest possible
mdt cement to take he stook-sasaed themselves with
the participate 10 those Advanae certa n
10 be productivity bringing the price Of stock near
| possible TO the cost Of the properly.
From the "Commtrc al List and Price CurTene OF De-
1 ctmJyr 10, 1854
an the days OF the Petro mania when the public
mind is Bewde confue by The thousand and
ew corporations eeking places in the Market and It is
necesary to d crminate cl, sely bstween the legitimate
snd Il b,gus companies Is al lmpor ant 70 those de-
srous u trying cir fOruIeIi n oil cnase TO know the
men who ate Il t4eir interests Rudwe pleased
to be alb TO sats ha IN management ofthe McCinook
Reserve on Company 49, in point Il respectablity and
security tecond tha OIL association In com
| munty
"when the styling time comes for OIL companies and
CONF surely viii, pred ct that te shareholders OF
the MeCln,c Il Sc veol Company wln have no reason
TO regret their hyestment as w fear, be the
with too many"
PmLApELrInA, December 81, 1854, 1921. siuhS