The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1864-12-23
.ast New England
PETROLEUM COMFY.

CnPbenhs. $3.50 600
SL~oer .. snareS;- .'.s,.-..,.,.-. 10000
Working Capital. .............. $4,000
1870 ssaA lh - AH "a
The Directors Of thi, Company take pleasure In b
presenting to the capitalists and the public Of New
England a chance to invest in Petroleum stock
that oers immediate returns well ss future prcs-
poets ofrealizing income that will amply reward
such inve tments.
The Property # nc Company Consists
lst- OF aperpetual lease Olive md one-heIfacres
Of land with engine, fixtures and buildings, beipga
part ofthe Miller Farm, about five miles below IT.
tusv.lle, on Oil Greek, at tbs mouth OF Hemlcek
Run. ..s.,s &. .7s ,...s.. .. 2. - F.
The Oh Greek Railroad ruus directly through ibfD
property, which enhances the value Of the product
faly one dollar per barrel, there ing no earring.
L No anar boring t'rritory being found the hole
length OF Oil Creek than this eect.on. On this
land thers lie one vol producing sixty barrels
Of Oil per day, worth at the well twenty dollars per
barrel. ~ t8i4Tgsr a14r rshrs. UHls
This well bein g nea0 one, we have every prospect
Of its increasing to much larger YIELD as mos Of
the pumping wells the creek have cone h. reio-
fore. Forthis well alone the Company ara now Of
fered et75 600 cash. We have so on this track room.
for at least ten more wells. One well viii be rut
down immediately upon the Arrival of the engine
and tools which the company already own.
Much better results are expected from this terri
tory than already obtained when we shall have sunk
the other well, - almcs every well sunk in this VI
einity has be emineatly ssiul for instance.
the Noble Well.| only three miles below us. with
surface indications inferior ours when the oil was
struck flowed two Thousand barre day for year
and its tortunass pessessors became milionai a.
Now our chance Of striking similar deposits reat-
y superior, being the Of the great Ola
Basin. Should well of this kind be struck at tRo
present price Of OIL 1t yield an income Of s2O
| cooper day. or over si.c0Jt0O per annum This
would indeed DO prize; and facts show that 1t ID not
all chmsical, for 1t has been done in neisbb =
hood. and we de not see way chance l. not go d
for doing the same thing. lif.ai b.. f.fl $40
| No. 2. Fee simple of two hundred and SIXTY 1--WE
acres 4 land IN Oh Creek and Spring aun, Elk
miles from Etusyfils. large portion II which 10
boring territory, and IRON su face in dication, We
have every reason to believe that this will prove
eluslly IS valuable as land below Titusvile Par
tics are sinking wells land adjoining US wi very
o. isfActory fesultsa a3i 4o9eh 30 a3f. , IA
No. g. Twenty -four acres Of nats ru ming across
the south end Of Morgan Jsnninxs' farm say two
miles north Of cocpeistown. Forty years lease, re-
corded Nne-tenths Of oil fret i've acres, three
fourths Of oil on residue. One derrick up Propiie-
tor pays al taxes, making IL better than deed A
| Rochester hrm, Messrs a ughes, Crane & Co , have
u
improving ir with the gres test energy. M t I'd 4
Tbs land was very fully selee ed last Aueust
by most experieeced expert. andi unsurpas ed on
the Creek. The oil lei heavy ubricating ell sell
ing the wells FIR twent live dollars psr ba1ef.
and from the superior loo Ition CT ,his property,
gether with largo amount OF money now develop- j
ing in this locality, the comp ny most u,iOus.
ly deem this trsct orvsry great valu. Linn
rect range with tbs cslebsaiei Tarr Farm, and.
every foot ofthe tsrntory is txcs Hent boring laud
wheits proximity to the ark,t renders it Of on
nanced value. 'aiia9J sitaQ9ii sra "a s0-liI 81
No.4 Fsesin.pIc Of tns hundred ana thirtv sc,. %
on Mosquito Creek in Mecca, Ohio, on which "
have TIRES wells ia operation, yielding ahou iouf
barrels per day ofthe very finest lubricaii, oil a
the world, bringing readily fifty dollars per barre
at tho well. or sixty dol ars in Eastern Mari eta.
Responsible parties stand ready to take ali the eli
rase1 as thai price, lheee wss are over four yesrs
old and II is *. eeted wLea We shall have a new T
well down, we shall get at least 6vs-barrsl we'll Il
one WELLS nea y oil depth now and In the ccurso
OF thirty days viii DO producing NO well was ever
sunk on this territory that was not pay.nk one Ii
roi oil is found as do tn Ct sixty five iess wLicl
enables Us TO siak wells at siighI expene I'D 96T
Tn, Phillips Oil Company are sinking wells en-
land adjoining us at grea'er depth, with every
show Of getting aowing or lAsgs pumping wells n.
ON this property We have two large hOaseI, new
barns, ofhce, oil refinery four brst caSs engines,
pumps, tubing, teams and every cOmI leie Tor
carrying on large oil business. PLENTY ofthe b d
OF hard wood growing this property, enables us 10
get our fuel at cost Of cutting and hauling Is an
our engines burn wood alone Splendid timber for,
slaves and other purpos is found in great quanfi
ties. a Galla tllE 1o IClItei----f IAN
The Directors feel In putting this stock upon ~
Market, they are holding out sure and better
menrs to Subscribers than has heretofore o.
cd; for while theie are wells in actual op m i,,,
oil enough to pay Immediate Dividends Of at least
wo per cent amon'h, the yield nos amounts to g
500 per day or s2ioOOo per annum, there ere
also msure prospects unsurpassed by any other Cor
pany In having psntyof boring terri DRY on develop.
Cd lands. and plenty of land where the excitement
has but late reached. which enables us TO derive
benefit both from old and territory, sna ON
which the developments viii be Vigorously IN he'd
We would close this prospectus By stasnE that &
Company is entirely q New England enter rise, =
managed BY well known par les. some Ct IN m Z Z
gr at experience in the Petroleum business. Sab q
scr ption books will be found with .la fs.l. n
Msssrs }. H. CLAP & Co., Bankers 81 State 81. %
&c. BATES, Esq, Merchants Row. .
Messrs. WIN. LINCOLN & Co. 10 centraISf.
Msssrs r. . r. W. SEARS. lO4 State St :
Since the above was written We have received ad-
vices that one Of the new wells on tina Meca IT per.
II has reached oil. and now visids twenty barrels
per d1y. As soon as the tubing is put down It VII
prob.b greatly increase. t r.t.....
SUBSCRIPTION Books, for limited number Of Shares
win be open a. the Offices of J. Q. PsocrOR. EsQ.,
Lame a. near P. o., and At III. BRown's Banker,
No. 70 Exchange st. 'ruoI dec2sa