The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1865-02-25

known hvs years sgo, y-tnos y v ons "
our prinrissi exports. 10 tsiket abou' hy I
every enc. il regarded a. one Of the ind's-
penssbie products Of the earth. AMI comes
niss organized 10 develop il cccupy whole
pspee OF the press. filing with -grest e.
the miads OF those who sre vii
ling to invest ia the shares. Of which "'e~
more can b. had on early sppicstion." ltl
fusrishes the beet luminstnr in the world,
il the briliiancy s1d stssdlnsSs Of its iigft
and in economy: il a. sIso unsurpassed e.
lnbrica,or by any other nsinrs. p-odnci; AMI
new uses sr. every dsv discovered, 20 which
4, may he arpled Some Of The mos bssu'
iiml dyes have s.en obtained rom II. snd %
III si-, are due fi.vor- that please the mosi
delicate taste. Nothing could seem more
prov,Aeniia than ~ discovery. when whale
oil h.s become 40 scarce sni ~ dear; end
In the minds uf many i will soon rompen-
ssts Tor the l0rs ~ cnifon in the balsnce
OF exchange G,s Curtin. largely inter-
esled 10 il psrsonsilv. stated ihai ~" Pre-
duct " the rennsv lssnia wells for ls63 vas
worth $50 600 0oo FAR more than me value
Of ali the cosi aid iron products q The S.s,s,
and this in the fourth year after i's ciscos'
ev
TIE word "peirolenn" means rock OIL /,
from Two Greek words; and contrary 10 The
suorositinn 81 many This article hss been in
Iuse f,r many years ~ other parts oi the
world. Herndotus. the Greek his'orian. \.
spoke OF il 3 .3V0 years sro, snd for long
l,ime il hrs be~n pro ducrd II Birmah. Iisiy
On the shores OF tho Caspian So. u ne
lGres Pich Lake OF TFinilad. near 'hr
i Dead Sea, aud in many other pisces. II.
lIndis the product has SONS yes,s been ss
lhigh % 400 900 hogsheads. In our owr
lcountry the article has been known having
been csliected sud used ss medicine p y
lthr Seneca nstons nesr the head oi the
lGencssee River. hence the old nnms for y
l.Seneca OIL" snd Genessee Oi1 l,ws'
found On the top OF the ws,sr in springs
and floating on the streams. The iies the
il could be ob,sinsd ia shy isrge quantits
Originated ~i'h Col. Drake " Mss--rhu-sitr
xe believe. who first bored and "sirurk Of :
on OH Creek 10 1859. the oil - u'ing W
high into the air. reports 81 which csu-ed e
much smaz-ment at the time and were re
ceived with not . iitie incredibly. Mrns
limmedistely rushed 10 the region; wells
we're sunk III CREST numbers. sorns O then
/ d wing dsiiv more than GOO barrels, ans
soon The market ws.so glufted thsi j ws'
sold FOR twenty FIVE cents . barrel. and mos
h well. we're abandoned. This chespnes'
}. how. YER. 70 iis general introduction. ans
soon with increased demand. the price rose
! and again the tide OF speculation poured q
III the oil region. which up 20 this time hs'
!. gained 10 strength L,nd has been bough
lup at fabulous prices: The number o. com
panies formed is numbered BY hundreds, sn'
d their capital BY hundreds Of millions Th'
v profi.. Obtained in some cases have 5ee'
IL slmcst incslculable, and msnv poor maj
+ struggling hard to oSlsin = livelihood on hi
almost worthless farm, has become : mil
Is llionaire I he income Of one young ms'
liz s7O00s day. To give some ides cf ih
>. Immense income Of a large we'll. ~e srs
recently in paper notice o. one whie
NJ produced 500 barrels . dsy. worth :, IN
'sIwell $40 . barrel. giving $1,000 daily in
l. come. enough to pay every day twice ove
y the whole cost OF boring and machiners-
One thirty second Of ihis well wss sol
recently Tor $50 600. Al which r.'e n
well would be worth 81 10000. 90
Al that valuation Il would pay annually sixi
per cent All this wealth comes from
hole in the ground siy inches wide.
The oil region Of Penney lvsnia is ssin
confined to vensngo county. 70 the weste'
part OF the State. II isa broken ccuntr
full o. deep rsvlnes. md the s,res ms borde
ed By bluffs rising prscipi.orsly several hu
dred feet, leaving bot few fset Of inserv
land. On this interval land hitherto al q
oil has been found. from which il will
perceived that what 10 regarded % oil teri
tory embraces but small portion Of 4
county, not one acre in q hundred. III
chances Of failure srs elk 10 one Of succes
y. thoss 80 uosf fsmi liar with the coupts