Smyrna times., 1865-10-11


j. ~.NIlPKosPEGTUs trU<
b9gDsssE s"FF THE aO ;s9s sS
-. ., '1I q CHEAT RIVER '.s'.:, s,'...s ,
oILasAno MINING CO.,
WEST vIRGINTIIA..' 7ilIBs ii IA e. *,o .,a,
Organized under a Charter from the .State; o o
+ West Vdyirtaa. III ''''. I,
Territory, 1900 Acres. ..Rivsr Front, about Miles.
Capital Stock, 100000,
DIVIDED INTO 100000 SHARES.
Par Value, S. per Share Subscription Price, 81 per
t Share.
$4,000 Shares Re,erpcd for Working Capital
Chief Office, at MoRGANTowy, MoNONGALIA
| - '..' - COUNTY, WEST VA.
Corresponding Office, at ODESSA, DEL.
Branch Office. HARPER, DURNEY & CO., Bank
ers, SIS South Third Street, Philadelphia.
OFFICERS OF THE COMPANY
PRESIDENT,
DR. ]. F. BIRD, N. E. Cor. Eleventh and Green |
Streets, Philadelphia.
VICE PRESIDENT,
WILLIAM II. ELLIOTT, Germantown, Pa.
TREASURER,
JOHN APPLETON, Odessa, Del.
SECRETARY,
DA. B. F. CHATHAM, Odessa, Del.
DIRECTORS,
DR. JOHN F. BIRD, Philad'a.
VIM. III. ELLIOTT, Germantown. Pa,
WILLIAM g: SPENCER, Germantown. Pa.
JOHN APPLETON, Odessa, Del.
WILLIAM POLK,
VIM. s. VANDYKE,
ED. C. FENIMORE,
THOS. LAVENDER, Middetown, Del.
VIM. }. GRIFFITH, Head of Sassafras, Md.
This company holds fee simple in ira ct ofover
1000 acres of land, lying on the easi side of Cheat
Ver, in AlonOngalia County, West Virginia, about
i've miles from its junction with the Monongahela
liver. T NfF 81 As ~ = O'"
The land is heavily timbered with White Oak
Ihestnut and Locust, and abounds in Iron Ore and
ire Brck clay, OF superior qualities, and has run
llng through Its entire extent two veins of Coal one
feet and the other feet in thickness
The indications Of the presence of Oil are very
ine; there are numerous Salt Lcks on the premises.
lno gases escape from some Of the ravines and
'prlngs which burn freely upon the application ne
1re. There is river front of at least five miles in
extent, thus affording ample boring territory
The property is also inlersected by small streams
funnng INTO the Cheat river, along the courses OF
which, no doubt, wells can be advantageously sunk
In the nelghborhood Of this property, several wells
are In progress, with fine show of Oil
The adjoining property, containing about $500
acres, has very recently been sold fer $5OOOOO. 1
Cheat river takes It's rise in the Aeehanies and |
emptles into the Mon0ngEhea river about nine miles
below Morgantown, West Virginia, and about fonr |
miles from the mouth of Dunkafd Creek, in Greene
County, Pennsylvania, consequently these two rivers
lie IN the same valley, now SO celebrated for the |
yielding Of Oil. iffF .''. ~ W"
twenty-five thousand shares of the Capital Stock
have been appropriated and set aside by the Direct
ors, for working Capital.
The ComPanyis now thoroughly organized, with
competent superintendent and corps of work. !
men on the land, with new and excellent mocb;ner,
and boring apparatus in operation for the rapid de-.
VeloPment of the property.
In view of the fiattering prospects for obtaining
large developments of oil the contiguty of the Land
10 some Of the finest oil producing regions in The
oSSIny ano the abundance of fne and large extent
OF boring territory, the Directors confidently antic.
pate being able to make profitable returns 10 he
Stockholders for the amount invested, as any other
organized Company. "' O'"'i
r, There remain unsold only about I2 900 sbarss of
CaPtal = Stock. Applications for subscriptions 10
tns balance may he made to the President or Secre-
South Third Street, at the branch Office in Pb;1,doi
phia. ''''oe NJ rnIlscei-