The Portland daily press., 1865-01-14

1890 - .-.rs
>-zifN % 1ssc Directors.
FRANKLIN HAVEN, JR., r. W. SEARS,
WILLIAM LINCOLN, Aso r. E. SMITH,, llai
3Gg1 d. NJ. YEoMANs, grco J,H, oLAPP
q aaol aoa =. 9. BATES.
Capital. :;...........2..!... .. %. $45O, 600
SubscT fpti0ns.... .isai 81 3 90
Working CaPftal,.........,..,..sigs $4,000
The Directors Of tbi, Company take pleasure in
presenting to the capitalists and the public of New
England chance to invest in Petroleum stock
that Offers immediate returns well ssJuture pros
poets of realizing income that will amply reward
such investments.
- z TIE Property IF the Company Consists
1st- OF aperpetual lease Olive and one-half acres
of land with ens ine fixtures and buildings, being a
part Of the Miller Farm, about Eve miles below IL
tusv.lle, on Oil Creek, at the mouth of Hemlock
Run.
The Oil Greek Railroad rups directly through this
property which enhances the value of the product
flu ly dollar per barre there ing no caring
! No finer boring rrirory being found the whole
ength of Oil Creek than on this section. On this
land there is veil now producing sixty barrels
of Oil pei day worth at the well twenty dollars per
barrel.
| Thiswsll being aAeso one, We have every prospect
Of its Increasing to much larger yield, as most Of
the pumping wells on the creek have cone hereto.
fore. For this well alone the Company are now OF.
ferad Sl75f 90 cash. We have also this track room
for at lsast ten mo- wells. One well will be put
down immed ately 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 we almost every well sunk in this vi
cinity has be emineptly successful; for instance,
the s'Nobe Well. only three miles below us, with
surface Indications nfsrior to ours when the oil
struck flowed two thousand barre q day f5r year.
and it's snrtanase possessors became millionaises-
Now our chance Of striking similar deposit reat
~ superior being the center of the great Oil
Basin, Should well of this kind be struck, at tho
present prize q OIL it would yield an income Of s2O
cooper day, or over $500 COO per annum-a This
would indeed be prize and facts show that it is not
all chmeical for it has been done in our neishbsr.
hood and we dc not see why our chance lie not coed
doing the same thing. Il a si9lsMHo aaaa 20
Nos2. Fee simple of two hundred and sixty five
acres If and an Oil Creek and Spring Ran, six
miles from Ltusyille.a large portion CT which is
boring territory, and from surface Indications we
| have every reason to believe that this will prove
equslly valuable land below Titusville. Par
ties are sinking wells land adjoining US wi b very
| satisfactory results Ah-A
No. 8. Twenty four acres of fats ru ming across
the south end of Morgan Jennin g. farm. say two
miles north Of Ccoperstown. Forty years lease,
corded. Nine-tenths of oil first i've acres three
fourths of oil on residue. One derrick mp. Propris-
tor pays all taxes making it better than deed.
Rochester firm, Messrs aughes, Crane 8 Co, have
similar lease north ED of this farm, and are
improvingir with the greatest energy.
III s land was very carefully selecied last August
the Greek. The oil is heavy lubricating oil, sell
ing at the wells for twenty-se dollars par barrel
and from the superior lec alton of this property to-
gether with large amount OF money now develop
ing in this locality the comp most conscientious
ly deem this tract Of very great valus. It'll; in d
rect range with tie celebI ated Tarr Farm. and
every foot ofthe territory 10 exec lent boring land
while it's Proximity to the arket renders itof en-
HANGED value. ~ -AeA@s 1911 =
No. 4. Fee simple of one hundred and thirty acres
on Musquito Creek in Mecca, Ohio, which we
have three wells in operAtion, yielding about foul
barrels Fer day ofthe very finest lubricating oil ID
the world bringing readily fifty dollars per barrel
at the well, sixty dollars in Eastern Markets
s Responsible parties stand ready to take all the oil
raised that price. hese wells areover four years
old and it is expected when.we 81 all have new
well down, we s. all get at least fve-barret well
One well is neary 10 oil dept and In the course
of thirty days will be producing. Novel; was ever
sank ON this territory that was not paying one
Tni oil is found at depth of sixtyfye feet, which
enab es ls to sink wells at slighi expsnse.
d, The PHILIPPE Oil Company are sinking wells on
land adjoining US at greater depth, with every
show fgetting flowing or larga pumping wells.
On this property we have two large houses, new
barns. efhce. oil refinery four first o.ass engines
pumps, tubing, tsams end everything COMP lete iol
carrying on large oil business Plenty Ofthe best
Of hard wood growing this property enables US IL
get our fuel at cost of cutting aud hauling, as al
our engines burn wood alone. Splendid timber fol
slaves and other purpos 10 found in great quaint
ties. se
"A The DIRECTORS feel In putting this stock upen ths
Market, they are holding out sure and tier induce
ments to subscribe than has herstofers cen offer
cd for while thee are wells In c'ual operation
oil enough to pay Immediate dieidends Of at leas
'wo per eeut. amonth as the yield now amounts t.
q. 500 per day or $40 900 per annum, there are
also future prosp cts by aay other Com
pany in having plentyof boring territory develop
edlsnds and p.epty OF land where the excitement
has but late reacLcd. which enables us to derive
benefit buth fiop old aud new, territory, and on
which the Developments viii be vigorously U he'd
We would eli tins prospectus by stating that ia,
Company is entirely 3 New England enter rise
ma lagea.by well known pari sonescf ,hs IN o.
gr: at experience In the Petl oleum business. Sub
4 racrption books viii DO found With r,os,t 'si
Messrs II. CLAFr & co., bankers, 81 state St.
Il , rasE.C. BATES, Esq, 9 Merchants, Row.
Messrs. WIN. LINCOLN q Co. l5 Central st. ils
4 Messrs. e, 9 B. W. SEAMS. l04 State st.
Since the above was written we have received ad
vices that of the wells the Mecca pr per
~ has reached oil, aud now yields twenty barrels
mar dav IA soon, 90 the u nut do~pp 4, iii
prohab greatly increase.
iT Subscription Books, for imitej number Of Shares
WIN be open at the ofices Of r. G. RI ooroR Esq.
Lime 1t near Up. o. and at y. !. BAows's Banker
No, 20 exchange ct, t, dee2Stf Q
i WE. the undersigned, having sold our Stock 81
Il w COAL and WOOD TO Messrs. Randall, Mc14tss-
former cugtOmers Al persons having Demands