Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1865-04-14
THE STUMP ISLAND OIL COMPANY.
CAPITAL - SI2O. 900.
Development Fund S2I. 900
I2O, 900 shares. par value 81

NO certincates Of stock TO be issued TO the cor
porat0rs until n 600 shall have been sold for the
benefit Of all the Stockholders in the further deyel
opment Of the Company'a property.
PRESIDENT,
WIN. HARTLEY, Bedford, Pa.
SECRETARY TREAsuRER,
Hon. S. L. RUSSELL, Bedford, Pa
DIRECTORS,
Hon. t. B. sHAxNox, If. c., California.
w. d. McKIEsrRy, Mereersburg, Pa.
Hon. SAMUEL DAVIS, Bedford, Pa
J. NJ. SHOEMAKER,
g. w. RUPP,
The property Of this company is all owned in
fee simple and is all paid for, and consists Of the
following tracts; lst That valuable island, known
as the "Lower Stump Creek Island containing 2
acres and SO perches, situated in the Allegheny
river, at the mouth Of the Clarion river. On this
island derrick was erected in the spring of 1861,
and an engine placed on the grounds, but the war
breaking out, the parties sold of and enlisted
I'd. The upper Stump Greek Island" is stu
ate but few rods above the lower island con
tanning acres and 20 perches, acres Of which
are owned by this company, on which are erected
house, stable, &c Neither Of these islands is la
bic to overflow, and both are well protected by
stone and trees against washing. By reference 10
the map Of Pennsylvania, it will be observed that
the Clarion river empties into the Allegheny at
point due south from Oil Greek, and as oil is found
at Freeport, on this line further south, we have
every reason to believe that these islands are in
the very centre of the great oil belt Of Pennsyya-
MIA. Besides all this, they lie far below the coal
measures
The company also owns ] acre and 60 perehes
of land about 81 miles above the upper island at
the mouth of Ritchey Rum near the town OF En-
lenton, Venango Co., Pa, upon which is the eel
ebrated Fox and Widel well, with new engine,
derrick building, &c., &c., and well bored to the
depth of 420 feet This well was tubed at $50
feet, and in few hours pumping yielded about
one barrel of oil, but the proprietors determined
to sink it deeper and the company will, as soon
as possible sink this well if necessary to the depth
of loco feet or more. The "Stump Islands Com
pany" ownes the ichole interest in we'll fixtures
and land, and Development Fund" viii be amply
sufficient to complete this well and sink others in
the Islands There is besides, room enough
on the Ritehey Run tract for several more wells.
The property owned By this company is all
practical boring territory, and persons acquainted
with the lands along the Allegheny and other oil
streams, viii bear testimony that we have more
practical boring surface than many Of the 800
acre tracts contain
In addition to this, onr basis viii compare favor
rably, with the large majority of Companies, whose
Capital stock is five times great.
The services of an efficient Superintendent have
been obtained, and the Directors are determined
to prosecute operations vigorously.
Persons desirous Of securing portion Of the
81 600 shares of stock, must apply ksoon, TO Hon.
S. L. RUSSELL Bedford Penns.; at whose Office
subscription books have been opened for the sale
of Stocks, at $l.0e per share.
Feb. 10, 1865.