The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-09-12
LATEST FROM THs OIL REGIONS.
The OIL Market.

The Oil City Register, in its review of the oil
market in that place for tho last week, says -
"The market is active, with steady demand
cou ideriug she state Of the roads and river. We
give as the ruling rate $40 per Dbl at the wells,
and $ll 20 per Dbl. at this point. The production
is steady, Market closes quiet but firm, and the
producers anticipate more active demand in the
next few days. Weather pleasant and cool.
Freight to Plttsburg 81 per Dbl. The roads are
in wretChed condition for travelling, on account
Of the late rains, horses and wagons sinking
almost out of sight in passing through the mud,
eli, and water.
The Latest OIL Excitement.
The Wheeling In'eHigenesr states that the oil
excitement in Plea ants county, West Virginia,
Is at fever height, and new wells are going down
a q wOt full rate. On Horse Neck, and French
and Cow creeks, there are nearly thousand
W lis in progress. You cannot ride any con-
siderable sduce,e even in the most obscure places,
" hOLtc miTg on an lgine pulling and blowing
AAay anu driving a shaft into the bowels Of the
rth. On the Ohio side of the river, the same
eVcit ment prevails, AID a large number of wells
are being bored.
Upon an average there are about ten men at
each well, which fact will give the reader an idea
of the immense amount of money and labor that
is being employed in the search for oil. A
major ty of the operators are from the eastern
cities, ar some of the companies are immensely
rich. SO far, not more than one well out Of
twenty / as proved anything like success, and
it is well established fact that twice as much
money has been spent in searching for the oil as
has ever been realized from its discovery.
Bold SwindIing Operation at OIL CIty-A
Bogus Banking House.
A bold swindling operation has just been
brought to light at Oil City, Pennsylvania 1t ap-
pears that some four or five weeks ago COM
pany, under the style of &c. Ames * Co, re ented
a room on the east side of the creek, put up q
sign, and opened banking institution. On the
day OF opening they commenced operations by
paying out worthless bills stamped with their sig
nature, saying they would redeem all bills thus
stamped.
This, of itself, ought to have opened the eyes
of their customers TO their true character but it
seems il did lot, and not only did they secure q
large business, but many who ought to have
known better took their money from other banks
and deposited il with them for safe keeping. On
last Saturday evening the "bankers' having
urgent and imperative business in some other
pa of the world, skedaddled," ''vRmoosed,"
and made a "masterly retreat" carrying with
them the money OF the depositors.
On Nj nday morning, as the bank was me-
opened, the depostors became uneasy, and had
the institution searched in the afternoon by the
Deputy Sheriff. An empty safe was found in the
room, and note on the counter announcing that
the bank would be opened at two O'Clock z. M.
on Monday. At the present Wi ing no intelli-
gence has been heard of these precious "Oankers, "
and the general supposIion is that that tney are
safe in Canada ere this.
The Oil City Monitor, in noticing the matter
says -"1he following is partial list of the losses
sustained by our citizens Conrad & Co., s. jOO
Dr. EgbeTt, $1,000; Perry Tate, 500; Aun G.
Fry, $3.50. The husband of Mrs. Fry is in the
army, and her son lately enlisted and gave the
IN ney to his mother for safe keeping, by whom il
was deposit, d with these swindling stoundrels
There are rumors of other deposits, in the aggre-
gate amounting to fifty or sixty thousand dollars
but we think they are exaggerated IL seems
strange to US that persons would entrust their
money 10 company coming among us under sus-
picious circumstances having no reputation OI
reference to our community"