Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1865-07-08
Kanawha 6 EIk RiFetH
PETROLEUMAND MINING CO.
SUBSCRIPTIONS TO BE CLOSED.
Cash wording I Capital, sIso, ,ooo

Cash Working Capital, 10000.
| IA .oI w.re.1 nj .srm-aI edr . /
ul ,.n mi sa OFFICERS a>g i U1sd
OLIVER +. WOOp, President. ,,,.t rob,,
| JAMES GRUlKSilANK. Vice President.
iCHARLESJ J. MARTIN. Treasurer. .- ''."
JAMES WADSW ORTIZ, Secretary. u y9nst2
E. R. BLACKWELL. Consulting Engineer and
General Superintendent, r.i,... .y71.el |
PAUL N. SP0FFoRD. Of SpoRord Tileson a
Co., MY. '.'' i' i-''. .'-' '''' -'
CHARLEsJ. MARTIN. President Homo Insur-
ance Co.. N. Y.s'a.I 9,'iGg To 1gaI
Hon. ROGER AVERILL. Danbury. Conn.
Hon. ALBERT 2. CATLIN, Burlington, Vt.
JAMES CRUIKSHANK, So Broadway. MY.
/ OLIVER E. WOOD, 20 Barclay street. N. Y.
JAMES WADSW ORTIZ, Of James Wadsyorth
d Co.. 81 Cedar street, N. Y ~" ''.'''',
JOHN w. STR0NGy Detroit, Mich! !.WHlu1
EDWARD M. MORGAN, . Pine street. N. .Y.i
rs,,ir,1 esr uf -a--------A Iod!p ygsswTi's
THE SUBSCRIPTION Is SO NEARLY
Il completed that tits intended to close the same
on or before the 18th Of February. '4 8 Rio'N
Subscriptions, $75oOOo. of which 5000 900 purchas-
es the land-to- yiti 81, $50 acres. The remaining
$4,000 is the permanent cash working capital Of the
Company. . '.A ...'' i''' %, 'N'''
Par value of shares, SIOo. Lands located on the
Little Kanawha and Elk Rivers. in the counties Of
Glmer and Braxton. the very heart Of the oil re-
gons of West Virginia. l.-gas L;,.yr.T
Professor Richardson reports: "Your property Is
the very centre Of the West Virginia oil regions It
has numerous oil and gas springs along the banks Of
its streams, one Of which vies with the lfauOus
Burning Spring itself f-"yror,ga1 tgrsnliQ ~
Professor Shepherd, Of New Haven. Conn.,, re-
ports: "Iconstder u e,afneaRy on producing land.
71s oR-0earino sadles qnderle " efte,rSSeely, and
tie long lines pf odr5fStte9 Ayar61sn s,aaitat-
ina gas springs, some of a0Aidk n sdso burning, as
soeH as the dppsdrGnce Of oil itself on tie surface
Of tie tract fully confirms mo In this belief. ....
; 7aste can Be no doubt that along your creeks and
ifrf6htdrieSber is large orient Of cdludJ1e ol-
Iprodacinp territory. The prodigioEs amount of
6ituDirops dcGnneI coat, tran ore, Limestone and
fre cldys embodied in the high hills on tour proBer-
IT, the tops and slopes Of aohich covered toih an
egtrdordircry grotoM Of White odk and other heavy
timbsrs, add Immensely to itsvd1uo." 7'' lfhl
y These views are fully indorsod by the reports of
the most practical and experienced men from the oil
districts of both Pennsylvania and Virginia. .,,.,
~ The Company consider themselves fortunate in
having secured the services of Mr.. Blackwell, a
practical civil engineer for the general superntond
cnoy. so well known as the late Chief Engineer and
Superintendent of the Commissioners of WASH
ington Heights" New York City. ,... ....
Arrangements are in rapid progress for the imne.
diate development Of the property, on scale com
mensurate with its value and extent.
Subscriptions payable at the time Of subscribing,
or one half in cash. the balance in thirty days from
the time of closing the subscription. be made in