Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1865-04-28
DP0SPECTUs
L. OF THE
Bedford County Mutual Oil Company.
Capital Stock....................... ZOO
Par Value of Shares....................SI 90
No Fay0rftisnl. Every Subscriber on the
Ground Floor.

The property sf the above named company
which Is about being organized under the mining
laws of Pennsylvania, consists of the following
valuable territory, to witt
/. lease Of one-haif acre, known as s'No. 81
on the Tenney aud StorroW purchase, on Cherry
Run, Venango county, Pa, just above the celebra-
ted Reed" well and within stones throw Of q
well just struck, flowing at present 100 barrels pei
day. new derrick erected upon the lot. One
half the oil to the company.
2. lease Of one half acre, in close proximity tc
the above, known as no g. on the Tenney and
Storrow purchase on Cherry Run. New derrick
erected upon the lot. One half the oil to the
pany.
3. The refusal for sixty days, of lease on Su-
gar Creek, of two acres of ground; fye-eighthS Of
the oil to the company.
4. Seven acres in fee simple on the waters Of
Ritchey Run, enc mile from its junction with the
Allegheny, about the same distance from the Foz
and Widel well, owned by the "Stump Island Oil
Company" Allfat, boreabe territory, at present
under cultivation, with good frame house upon
it.
5. Three acres in fee simple on the Allegheny
river, just below the mouth of the Clarion river
There is room on this tract for half dozen wells
The allegheny and Clarion River Oil Compa-
n.y." of Philadelphia, now sinking several well!
immediately opposite this property, with excel
lent prospects of success.
In presenting the above basis TO the public, It'll
confidently believed that it cannot be excelled BY
that Of any other company yet organized. The
two leases ON Cherry Run are themselves worth
more than the territories of many companiei
which profess TO be based upon million capital
The Cherry Run region has proved to be the sur
est oil-produeing territory yet discovered. Nine
tenths ofihe wells bored on this stream have beer
successful. The great Greed" wel flowing 37s
barrels per day, the "Mountain'' well flowing 400
and in fact nearly all of the large wells yet struck
are located on Cherry Run.
1t is proposed to sell sufficient number Of
shares to pay for the territory and to raise work
ing capital for its development at the low price o.
t,Sentg ee per share, thus placing every sub
seriber to this fund the 9rouHd- -four, aud giU
ing each subscriber pro rata interest IN the ter
rtory, engines, and other property Of the company
as well as the shares Of stock remaining unsolC
after the purchase money and working capital arr
raised. From the nature of the leases boring up
on them must be commenced within sixty day,
from the goth OF April, 1865, which is sufficient
guaranty that the company will proceed without
delay to the development of its territory.
The following named persons are authorized tc
receive subscriptions to this valuable stock.
"a TaeP0 P Never, HeSe, Bedford Borough.
Isaac D. Earnest, Bedford tp.
Henry F. Smith, st. Clair.
J. II. Schell, Schellsburg.
j. j. Barndolar, Bloody Run.
Richard Langdon, Hopewell.
S. S. Fluek, Saxt0I.
b. FARQUHAR,
apps Treasurer pro TEN.