New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-02-21
Dcfrolcnm.
PROSPECTUS

PROSPECTUS ov TIN
FEE SIMPLE PETROLEUM COMPANY,
HORSE NECK, PLEAsANTs COUNTY, WESTERN
VIRGINIA.
ORGANIZED UNDER THE LAWS OF THE STATE
OF NETWORK.
CAPITAL. 800. e0O SHARES
PAR VALUE, TWO DOLLARS.
80. 900 SHARES RESERVED IN THE TREASURY
FOR WORKING CAPITAL
OFFICE OF THE COMPANY NO. 1 HANOVER.
SQUARE, NEw-YORK.
President:
SAMUEL ENGLE. New-Yoik.
Vice-Presideni:
Russell sTEBBlNS. IT,, NewYork.
Treasurer:
WIN IRVING CLARK, New.YorE
Secretary:
SIDNEY AsHMORE, EesYork.
Trustees.
SAMUEL ENGLE, No. 100 Fron'-,:., NewYork.
HERMANN BATGER. No. CT waicr-st., Eew-Yorh
J. O. WILLIAMS, No. l.9 Maidrnla,e, NewYork.
WIN. MARCHANT. No. Hanover -quase, New.York
Russell sTEBRISS jr., No. Fletcher ST.. New YORK.
JAS. A. WEBB, No. l65 Pea'ls., New-York.
DIT MILLS, Nos. 10 and 10 Custom. ouse It, Boston.
Counsel:
SCUDDER CARTER, No. g. Wall-st., New York
The property consists Of hundred and thirty and
hall acres in Fee situated Horse Neck tributary Of
Bull Creek the Ohio River Peasauts County Wetern
yrsin- within and oneha miles OF the Ohio, strict
recently discovered 10 be than usually productive of
Petroleum. there being dry I'll in the neighborhood
abundant oil has been struck IL INSTANCE, where
depth Of something less than five hundred feet has been
reached II possesses the advantage Of and cheap trans
poation for the oil TO and IS the principal of
supply for tie western country, which added 10 the quality OF
the OIL the gravity being forty degrees give. additional
value for ia product Of from i've dollars to six dollars
barrel
Frvzeae. have been granted on the property parties
who are sinking wells WHICH ARE ALREADY
DOWN rHHrK HUNDRED AND TIFTr rrKT POUR HuSD"ED
AID THIEF FgET, AND POUR HUNDRED AND THIRTY FEET,
RESPECTIVELY the other four with engines on the ground are
being rapidly prosecuted and preparation made for sinking
four more wells tie leases.
Within radius Of ore feet there produc
ing wells oue Of which yielding hundred barrels
per diem. Tho celebrated GiLyILEy well within seventy
five Zee, Of the lines Of the property. The well lately
struck by swson Farm Company adjacent and within
fee, Is tie producing well sunk BY the Cherry Run and
Pithole Company.
Within radius Of three quarters OF mile, there are up
ward OF rIyTr wells going down
Tie property adacr tina, OF the Tack Petroleum Com
plny twow wells have recently been struck and who
their pr oncon from o. nine This Com
pany la. paid regular onhy dividends Of two per cent
FIVE hundred thousand dollars since its organization last
November.
Appcs,iors constantly made by parties for further
lease, the Compsays property to give half tho oil and
bonus OF from holsnd collars to three thon'aDd dosr
according location Tho Company has to grant FIFTY
saoh ics,.s-
A.abundant work sp,. has been 70, aside for the de-
veopmspt OF Of tn best locations tho property the
Company will have gnsI, Jui dings tubing tools tanks
barrels the gouni and the work viii be pushed vgor
ou.y by capable Superintendent, who vii also attend TO
proaip, eol.e.,ol Of royalties fron lessecs
BOOKS or SUBSCRIPTION TO ONE HUNDRED
THOUSAND SHARES AT one DOLLAR ere oreued u,
MARCHANT BROS, No. HsnovsIfqulTe, Nsw-foTk.
SAMUEL ESGLE L Co.. No. 49, Trout a., New York
DIT hILLsG Co.. kcs I1ald - Custom Houses. Boston.
TACK BROS, No. 2l7 Wslnu,-st.. Phsdclphis
JAMES A. WEBB Co, No. 49, P,Gr.s,-. S.wYort-
CLARK sTFEBIss No q Fls. 81, Ne