Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1865-06-06

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! DAVENPORT { OIL Greek
PETROLEUM CO.,
venango County. Penn.
Properly of the Company, venango Co., Penn
Office Of the Company, Davenport, Iowa.
Organized under the Lars, oftAe State Of Loca
CAPITAL STOCK, slSo. go.
Divided into $4,000 shares of $40 each. so, 90,
reserved for Working Capital.
Officers:
Hon. JOHN L. DAVIES, President, Davenport
iowa.
THOMAS scorr. Treasurer, Davenport. Iowa
JoHx !. Swirs, Secretary, !. do do
b. n. JACKSON aud JESSE WELLER, Superinten.
dents 1t the Works, Titusville, "a.
Jesse Weller. do do
Jerry G. Conklin, do. do
Howard Darlington, do do n;..
Geo. W. kepner, do do D''ec'"'s'
James Armstrong. do do
Jas b. Edmonds, Iowa City, d.
II. N. Conkhn, indianapolis, Ind,
Property:
The Company's property consists Of the Fee
simple Of the valuable ''kcrr or THOMPSON
Farm" containing one hundred and nine il09)
acres, more or less, situated in the heart Of the
Oil region, Venango county, Pennsylvania, on
East Oil Greek, about one quarter mile above its
junction with Oil Creek proper, and on the road
leading from Titusville 10 Pleasnnton, two miles
distant from the former place. This property I'D.
joins the lands Of the Lima and Northern Light
OICompanics, on which developments are being
rapidly pushed forward with every prospect 81
success; and is opposite the lands Of the Guild
Farm Oil Company, Of New York, the stock Of
which was quoted in New York. May 18th, at 900.
on which are several productive wells in opera
ton and more being bored. The celebrated
Drake WE'LL the first ever sunk on Oil Greek, is
but mile from this property. The landa Of the
Kingsland Parker Company. on which ffty
barrel flowing well has just been struck. and the
Watson and Pennsy vania Oil Greek Companies.
Of Philadelphia, are in its immediate neighbor-
hood. this latter Company, tPcnnsylva nia Oil
Creek situated on the now widely known and
justly celebrated ''Watson Flats" il the Oldest
Company in this region, and is now amply repay
ing the stockholders for their patient labor and
liberal expenditure, in the steady Weld from the
Continental, U. 8. Grant and other fine wells,
all Of which are almost in sight Of the tract herein
described. A fine stream Of water called
Thompson Run" travcrses the whole length
Of the property through the center. On the
Rum above and beyond this property several
Pittsburgh Companies are now sinking wells, 30
that il is completely surrounded BY evidences OF
and realized. This tract comprises large pro-
portion Of low ground, and is capable Of being
bored in very many places.
Rcm0rks.
The past year has proved beyond all doubt, and
to the most skeptical mind, that We are to have .
steady yield Of this valuable staple-Petroleum
valuable not only as IN article Of large domestic
consumption, but rs an article for which there il
already an immense and steadily increasing ex-
port demand; therefore Company fol med on
safe and reliable basis (as is csimed this Com
pauy Isl having in fee such tract Of land ~ the
Kerr Farm, " the development Of which, being
pushed rapidly and encrgetically forward, cann6t
fail Of ultimate success. and Of being profitable
inve stment 70 its stockholders.
Leases can be effected with parties who will
contract to sink wells without expense to the
Company, giving the Company ! royalty or
share Of the Oil produced but 50 valuable d the
location and 30 Aatterng the prospects Of sue
cess, that the Directors have resolved 70 sink
wells ON the Company's account, thus securing
the entire product thaA may b. obtained.
With this object they have authorized the sale
Of few thousand shares only, which ere here
with open TO subscription.
No Company has been formed on more sub
stantial basis. The STOCK - NOT wArkRED RS
HOLDERS wfLL sPAlD o. An RouAL FOOTING. The
shares will be sold the only correct pr inciple,
viz at their par esine. Lastly. there Il 90 it,
tie Of it, that sven ten barrel well will pay reg
ito price should reach very high figures at an
early date. Az there IL room for i've hundfsd
wells on the Kerr Farm, the Trustees confidently
expect handsome and immediate returns.
Subscription Books, fev ths sste Of ths Stoct re-
syred a. Working Cafitel, ors opssed for lin
tied psvsod, al fA< cbgeeof
JOHN L. 9W1Te = CO.,
,n~aote N;ckol1,s Rloek DayenDort lOVn