The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1865-01-13
MISCELLANEOUS.

% TREAsuRER-JAMES n. CLAPP. III
Directors.
r. FRANKLIN HAVEN, JR., R. W. SEARS, 81
zoos WILLIAM LINCOLN, r. E. SMITH, lI
"a D. N. yEoMANs, J.H. oLAPP,
E. c. BATES.
Capital, OBSERVATION-DISCLOSURES. $45O 600
Nuwber Of Shares. ......-........ 80, O0O
SubscT iptions..... .................lAg 800
Working Capital, .............. 90 %, 900
The Directors of this Company take pleasure in
presenting to the capitalists aud the public of New
England q chance to invest in Petroleum stock
that offers immediate returns well future pros.
pects of realizing an income that win amply reward
such investments.as sos a8aa asaH mi1
Tho Property Of the Company Consists
lst- or perpetual lease ofHve snd one.half acres
of land with en- line, fixtures and buildings, being
part of the Miller Farm about i've miles below IT,
tusvne, on Oil Creek, at the mouth OF Hemlock
Run. ........... .sesrg5se7s
The Oil Greek Railroad runs directly through this
property which enhances the value of the product
fully one dollar per barrel, thereb ing caring.
No finer boring rritory being found the whole
eugth OF on Greek than on this section. On tits
land there is one vail producing sixty barrels
of OH per day, worth at the well twenty dollars per
barrel. so11 sls 89ssra1i sog ratA ~
This well being neic one, we have every prospect
of Its increasing to much larger yield, as most OF
the pumping wells on the creek have cone heretoy-
fore. For this well alone the Company are now of.
fered SIG We have also on this track room
for at least ten wells.y One we'll will be put
down immed 'ately upon the arrival of the engine
and tools which the company already own.
Much better results are expected from this terri
tory than already obtained when we shall have sunk
the other WELL almost every well sunk in this vi
cinty has be eminently successful for Instance,
the mobile Well" only three miles below u.s. with
surface Indications to ours. when theei
struck flowed two thousand barre q day for year,
and its ortunase pcssessors became milionsias.-
Now our chance of striking asimisr deposit is reat-
y superior being nearer the center ofthe great Oil
Basin. Should well of this kind be struck, at the
present price OF oil, it would yield an income of $
000p per day .or over $4,000 COO per annum. This
would indeed be prize; and facts show that is not
all cbimerca for it has been done In our neighbcr
hood and we de not see why our chance rs not good
or doing the same thing. gaeh
No. 2. Fee simple of two hundred and sixty five
acres Of land IN Oil Greek and Spring Run, six
miles from Tituaville, large portion Of which is
boring territory, and from surface indications we
have every reason to believe that this will prove
equally valuable as iand below Titusville. Par
ties are sinking wells on land adjoining us withvery
| satisfactory results. es@s'
No. 3. Twenty -four acres of fats ru ,ning across
| the south end Of Morgan Jenninxs' farm, say two
miles north Of Cooper stown. Fo1ty years lease re-
corded. Nine-tepths of oil ON first tive acres three
fourths Of oil residue. One derrick up. PropIie-
tor pays oil taxes, making it be tier than deed "A
Rochester firm, Messrs nughes, Crane & Co , have
similar lease seross north of this farm and are
improving it with the greatest energy. -
1h land was very carefully selecled last August
by most experienced expert, and l. unsurpas ed on
the Greek. The oil is heavy lubricating OIL sell
ing at the wells for twenty-five dollars per barrel;
and frcmths superior location Of this properly to-
gether with large amount OF money now develop
ing inths Locality the company most conscientous-
ly deem this tract OF very great value. II is oil
rect range with the celebrated Tarr Farm, and
every foot OF the territory is excellent boring land
siieiss proximity TO the arkst renders 1t Of en-
HANGED value. 4stsA aiee Nna bsrisos
No.4. Fee simple of one hundred and thirty acres
on Mosquito Creek in Mecca, Ohio, ON which We
have thres wells In operation, yielding about four
barrels Ter day ofthe very finest lnbricatipg oil in
the world. brin. ing readily fifty dollars per barrel
at the vel, Or sixty dol ars in Eastern Markets.
Responsible parnes stand ready to take all the oil
raised o. thai price, hese wells areover four years
cid and it is expected when we shall have new
well down, we all get at least fre-barreI well
one WELLS nearly oil dep and in the
ofthirly days viii be producing, Mo- well was ever
sank on this territory that was not paying one
Tai oil Is found at de- 9TH of sixtyfivsieet, which
enables usto sink wells at slight expense $3.50 Ok
The Phillips Oil Company are sinking wells ON
land adjoining US at greaser depth with every
( show of gettng lowing oriarg pumping wells.
On this property we have two large houses, new
barns. office, oil refinery four first class engines