The Portland daily press., 1865-01-07
MISCELLANEOUS.

3. G.. BATES.
Nu1ber ofShares,. SO,O00
sub.Cs iptions....., Q AZ, ~
Working CaPital,...,... ~o'V'O"
The Directors of this Company take pleasure In
presenting to the capitalists and the public Of New
England chance to invest in Petroleum stock
that oers immediate returns as vel asature pros
neots of realizing an income that will amply reward
such Investments.
The Property Of the Company Consists
lst--Of perpetual lease offye end one-halfacres
of land with en- zine, fixtures and buildings being
part of the Miller Farm, about five miles below Ii
tusville, on Oil Greek, at the mouth OF Hemlock
Run. A rEN
The oil Greek Railroad runs directly through this
property, which enhances the value Of the product
fully one dollar per barre, there ing no caring.
No finer boring t7rritory being found the whole
eugth of OH Creek than on this section On this
land there is one we'll now producing sixty barrels
Of Oil pei day, worth at the well twenty dollars per
barrel.
This well being one, we have every prospect
Of is increasing to much larger yield, as most Of
the pumping wells on the creek have cone htreto-
fore. Fer this well alone the Company are now Of
fered sl75 COO cash. We have also this track
for at least tea moe wells One well 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 susk
the other web, almost every we'll sunk In this vi
ciaity has be eminenty successful for instance,
the .sNobe Well.' only three miles below us, with
surface Indications ours when the oil was
struck flowed two thousand barre day for year,
and its -ortunase possessors became milionaiies.-
Now our chance of ing asimlar deposit is reat-
y superior, being the center of the great OH
Basin Should well ofthis kind be struck, at the
present price OF OIL it yield an income of $780,
cooper day. over $4,f0ot0O per annum. This
would indeed be prize; and facts show that is mot
all chime ic8l for 1t has been done in neighbtr
hood. and do rot see why our chance is not good
or doing the same thing. aS9
No. 2. Fee simple of two hundred and sixty. five
acres Of and IN on Creek and Spring Run, six
miles from Tltusyille,a large portion CT which is
boring territory, and from facs indications we
have every to bell I've that this will prove
equaly asyalusbIe as land below Titusyille. Par.
ties sinking wells land adjoining us wi h very
So isfactory results. aaesn 70n5s
No. 8. Twenty four acres of fats ru ming across
the south END of Morgan jennings farm. say two
miles north Of Cooper stown. Forty years lease,
corded. Nine-tenths of oil on first tive acres three
fourths of oil on residue. One derrick up. PropIie
tor pays all taxes. making it be tier than deed
Rochester firm, Messrs nughes, Crane & Co have
similar lease seross north end of this farm and are
improving it with the greatest energy.
In land very care fully selec ed last August
by amost experienced expert. and l. unsurpas ed ON
the Greek. The oil is heavy lubrieating oil, sell
ing at the wells fJr twenty 1--we dollars per barrel
and from the superior loo alton of This property to-
gether with large amount OF money now develop
ing In this LOCALITY the comp my most nscientious
ly deem this tract OF very great value II isin d.
rect range with the celebrated Tarr Farm, and
every foot ofthe territory is exeslent boring land
whileits proximity 10 the ark.t renders II of en-
HANGED value,
No. 4. Feesimple of one hundred and thirty acres
on Musquito Creek in Mecca, Ohio, ON which We
have TIRES wells in opt ration, yielding about four
barrels per day ofthe very finest lubricang oil In
theworld, brinA readily fifty dollars per barrel
at the well, or, sixty dol in Eastern Markets.
Responsible parties stand ready to take ali the oil
raised thai price, these wells areover four years
cid and it is expected when we shall have new
well down, we shall get at least iue-barrel well
One well is nearly TO oil depth in the course
of thirty days will be producing. No well was ever
sunk on this territory that was NOT paying one--
Tni oil is found &C a depth of sixty-fve feet which
enab es US TO SILK Wells at y sllgnt expense.
The Phillips Oh Company are sinking wells on
land adjoining us at a greater depth, with every
show Of getting flowing or args pumping wells.
On this property we have two large hoases, new
barns, office, oil refinery four 6rst class engines,
pumps, tubing, teams and everything complete Tor
carrying on large oil business Plenty ofthe best
of hard wood growing this property enables us to
get our fuel at cost of cutting aud hauliag, as all
our engines burn wood alone. Splendid timber for
slaves and other purposs is found in great quaint
ties -s9e5f1sila Asss g +
The Directors feel in putting this stock upon the
Market, they holding and better induce
ment to subscribers than has heretofore leen offer
cd; for, while these are wells in actual operation
oil enough to pay immediate dividends of at least
wo per cent. month, as the yield noao amounts to
500 per day or $40 0Jo Ter annum, there are
also future prosp cts unsurpassed by ay other Com
pany in having penty.ofb ring terri DRY develop
edIands, and plenty of laad ahers the excitement
has but late reached. which enables us to derive
benefit both from old and new territory and on
which the Developments will be vigorously ru he'd
We would cose this prospectus by stating that tie
Company Is entirely New England enter, rise,
managed by wen known par les. some of ths m Of
gr at experience in tao Pet. oleum business. Sub.
scr ption books will be found with
Messrs j. III. CLAPP & Co., Bankers 81 State St.
CSC. BATES, Esq, 9 Merchants Row..
Messrs. WIN. LINCOLN & Co. 10 CentralSt.
D Messrs. ri & r. W. sEARssl0a State st.sH8
Since the above was written we have received adj
vices that one Of tbs wells on the Mecca upper
ty has reached Gil, and now Yields twenty barrels
per dsy. As toon the tubing is put down it win
prebab greatly increase. "a
Subscription Books, for limited number Of Shares
will be open at the offices of J. C. PRooToR, ESQ.,,