The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1865-03-17
Patrol nm! Petroleum. Mora Petroleum


unlocks capital and controls Investments
Never in the wonderful history of our coun
try, with its matchless mines and souio0' VI
varied wealth, have there been fortunes 81
numerous and SO immense made ID 30 Suoi'
time as have been in Petroleum, anu we Ano"
of no &c cd reason why similar fortunes may
not be made In the future.
The oreat practical question after all In this
m.t,er Il. not SO much whether people shall
invest ia oil stocks,-for all seem determined
to do that,--but schere or in achot companies
shall they invest. This is the problem the So
luton of which thousands are anxions to
have.
We do not feel competent to decide this
question, neither should we be likely, in at
tempting to do so, do justice to all the III
val and conflicting interests; yet were we for
tuuate enough to have funds to invest in such
an enterprise we should feel disposed to apply
the views of John Randolph to the matter
and act accordingly. He reversed the com.
mon maxim-"M Measures and not Men, and
said he went for Men and not Measures,-for,
said he, "you may have ever SO good measures
aud bad men will soon change them to bad;
but good men will soon make good measures
of those that are seemingly bad" So, to some
extent, of oil stock companies. While no set
OF man, however good, can--to use the popu-
lar phrsse-"strike ile' in region where the
oleaginous fluid does not exist, company
composed OF or directed By bad men, or mel
who are unknown, cannot assure success to
IoIl tI,o
very be art Of the oil region, as will a compa-
ny whose directors aud managers are well
known as good, sound, reliable men, albeit
the latter do not dazzle the public eye with so
much glitter and make so big a spread on pa
per. We will say In this connection, and We
do SO in justice ITO whom 1t may concern"
that we know of no stocks now being offered
70 our people whose direction we have any
reason to suspect of being in any other than
the most honorable hands. t7s
1t will be seen by reference to our adyer-
Using columns that new company has been
formed, called the Portland and Cherry Run
Petroleum Company. the advertisement
certainly holds out great inducements to in
vest, and seems to us to propose the true plan
for conducting company. The most Of the
Directors are well and favorabIy known to the
people of Maine. Mr.. Haines is the President
of tue Mechanics, or second National Bank of
this city; has been President of Portland and
Forest Avenue Ralroad, and is now one of
the RIilroad Commissioners OF the State.
Hon. josiah Fl. Drummond has been Speak
or Of our House OF Representatives, Attorney
General of the State, and is at present the
Solicitor of this city. Mr.. Charles p. Kimball
Is the well-known Carriage Manufacturer OF
this city, has been President of our Board OF
Aldermen, and is now Vice President Of the
Maine Charitable Mechanics Association.
We refer to these facts to show the social
standing of the gentlemen, and their fitness
TO conduct a business enterprise. They are
80 well known ia this city and vicinity that
they need no eulogy from us. Z
Mr.. @. W. Robinson has been well-known
Dry Goods dealer is this city, for the past ten
years. Mr.. j. q. Kimball has been the Junior
partner In the firm OF ]. NJ. Kimball C Co.,
cTriage makers of this city. Both MIR. Kim
ball and Mr.. Robinson are gentlemen of the
highest responsibility, Of great energy OF
the affairs of the Company with honesty and
fidelity. TIE other gentlemen are not SO well
known here in our city. Mr.. White-more
Familiarity called Deacon White"-was for
many years of the old hrm of Hobart, White
q Metcalf, of Boston, but for the past three
years he has been senior partner in the firm of
White and Lunt 10 New York. He is bust
nass man of ON vic hla ror,tat;o, NJ ~
Inns. the Vice President of the Company, and
Mr.. Howell, the Secretary, are both unknown
to us, but we are informed they are both gen.
tlemen Of the highest standing in New Yuk.
We have said thus much of the Directors of
This new Company as it bears the name of our
beloved city, and We thought it well that such
Of thepeOple as do not already know the par
ties should know that our city's good name
SO far as connected with this company, is 10
the hands and keeping of honorable business
men, and that our friends who desire to in
vest money in oil stocks may have the means
of judging of their prospects of success, SO
far as they depend upon the character of those
to whom the management Is entrusted.
The new Company state that the failures
on Cherry Run, where they now have a well
nearly sunk and three others under way, is
only as one to seventy-six-anotce of Mayo's
Company says no failure. We conclude from
this that the chances Of the Company are
equal to those OF any other, and as land
enough has been secured for some twenty or
thirty wells, and as one well that will yield
forty barrels per day will pay two per cent. a
month on the entire capital, we can hardly
see how it can be otherwise than good in.
7estment.
parnlod Mn.-n o.1I..-.