The Portland daily press., 1864-12-29
MISCELLANEOUS.

SuWeGEIRAa0Moa... 80 OOV
~ 9 aAlns .is's..s.s,''f'i ''Ooo
The Directors Of this Company take pleasure in
presenting to the capitalists and the public Of New
England chance to invest ina Petroleum stock
that offers immediate returns as well future pros
poets Of realizing income that win amply reward
such Investments. t...rv At
The Property Of the Company Consists
1st- OF aperpetual lease Olive pnd one-half acres
Of land with engine. fixtures and buildings, being
part of the Miller Farm, about five miles below III
tusyille, on OIL Greek, at the mouth Of Henlocf
Run. 4 IS - sieas IS z6r hfa s,ssi 81 sgsgta
The on Greek Railroad runs directly through this
property, which enhances the value Of the product
fully one dollar per barrel, there being earring.
No finer boring territory being found the whole
ength of Oil Greek than on this section. On this
land there is one wsn now producing sixty barrels
of Oil per day, worth at the well twenty dollars per
barrel.E gF g y -
This well being Heac one, we have every prospect
of ito increasing to much larger YIELD as most Of
thqpumping wells on the creek have done hereto
fore. For this well alone the company are now of.
fered S17b. 600 cash. We have also this track
for at least ten more wells. One well will be put
down immed 'ateiy upon the arrival Of the engine
and tools which the company already own
Much better results expected from this terri
tory than already obtained when we shall have sunk
the other we'll as almost every well sunk IN this Vi
onity has been eminently successful; for instance
the mobile Well. )" only three miles below us, with
surface Indications inferior to ours when the oil was
struck flowed two thousand barre day for year,
and its fortunate possessors became millionaires-
Now ourchance of striking asmilar deposit Is reat-
" superior, being nearer the of the great OH
Basin. Should well Of this kind be struck, at the
present price Of OIL 1t would yield income Of &c.,
cooper dsy, or over S4,o coo coo per anhum. This
would indeed be prize; and facts show that it ID not
all chimerca for it has been done in our neighber-
hood, and We de not why our chance Is not good
or doing the same thing. 1ssI s nW -
No.2. Zee simple of two hundred and sixty five
acres Of land an OIL Greek and Spring Run, six
miles from Titusyille, large portion of which is
boring territory,an from surface indications we
have every reason to believe that this viii prove
equally as vaiusbe IS land below Titusviile. Par
ties are sinking wells ON land adjoining us wi very
satisfactory results. Aas'a!as e sisl9
No. 81 Twenty -four acres Of fats running across
the south end Of Morgan Jennin 90 farm. say two
miles north of Cooperstown. Forty years lease re-
corded. Nineenths Of oil first Eve acres, three
! fourths of oil residue. One derrick up Proprie
tor pays all taxes, making it better than deed A
Rochester firm, Messrs hughes, Crane & Co., have
similar lease ecross north end Of this farm, and are
improving # with the greatest energy. III
This land was very carefully selected last August
by most experienced expert, and is unsurpassed on
the Greek. The oil is heavy lubricating oil, sell
ing at the wells fof twenty-ave dollars per barrel;
and from the superior location of this property to-
gether witha large amount of money now develop.
ing in this locality, the company most conscientious
ly deem this tract of very great value. It 10 in di
rect range with the celebrated Tarr Farm, ana
every foot of the territory is excellent boring land
while its proximity to the m arket rendersit of en-
HANGED value. az sssAt' g .sng ~ ~
No. 4 Fee simple of one hundred and thirty acres
on Musquito Creek in Mecca, Ohio, on which ",
have three vellsin operation, yielding about foui
barrels per day ofthe very finest ubricating oil
the world, bringing readily fifty dollars per barre
q the well, or sixty dollars in Eastern Markets
Responsible parties stand ready to take all the oil
raised at that price. These wells areover four year
old and it Is expected when we shall have new
wen down, we shall get at least fve-barrel well
One well is nearly TO oil depth now and in the oours,
of thirty days win beproducing, N wen was evel
sunk on this territory that was mot paying one.-
This oil is found at depth of sixtyive feet which
enables us to sink wells at slight expsnse.
Il The Phillips Oil Company are sinking wells OF
land adjoining us at greater DEPTH with every
show of getting lowing or large pumping wells
On this property we have two large houses, new
harms, Office, oil refinery four first class engines
pumps, tubing. teams, and everything complete FOL
carrying large oil business Plenty Of the best
of hard wood growing on this property enables us to
get our fuel ateost Of cutting and hauling as al
our engines burn wood alone. Splendid timber fol
slaves and other purposes is found in great quaint
ties.
The Directors feel inIputting this stock upon tht
Market they are holding utsureand better induce
ments to subscribers than has heretofore Teen offer
ed; fol, while there wells in actual operation
oil enough to pay Immediate dividessds Of 1t least
, vo per cent month, as the yield ao,c amounts to
s70ol per day or $4,000 per annum, there are
also future prospects unsurpassed by any other Com
pany in having plentyof boring territory on develop
! cd lands, and plenty of land where the excitement
has but lately reached which enables us TO derive
benefit both from old and -terFlserx, a..a ..
which the Developments will be vigorously pushed
We would close this prospectus by stating that the
Company Is entirely New England enterprise
managed by we'll known par les, some Of them to
| great experience in the Petroleum business. Sub
scrption books will be found with sg MI
Messrs J. q. OLAPP & Co., Bankers, 81 State st.
siita 8sE.G. BATHS, Esq.,s Merchants Row.
Messrs. WIN. LINCOLN g Co. 10 centralGt. A
Messrs. E. & 3. W. SEARS, l04 State st..
p Since the above was written we have received ad
vices that one of the wells On the Mecca pr per
ty has reached oil, and now yields twenty barrell
per day. Assoon as the tubing is put down it viii
probably greatly increase. Gss8s9 ssb
Subscription Books, for limited number of Shares
VIII be open at the Offices Of y. 9. PnocToR, Esq.
Lime ct, near p. o., and at J. J. BRowN's Banker
Moro Exchange st. a ~ dec23tf
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