The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1865-01-17
MISCELLANEOUS.
"a New England
PETROLEUM. COMFY,

PREsIDENT-EDWARDC C. BATES.
ca TREAsURER-JAMES H. CLAPP.
Directors. ~ r
FRANKLIN HAVEN, JR.,e r. W. SEARS, ~
WILLIAM LINCOLN, F. E. SMITH,
v = ~ fIoAA NSsc :. H. oIAfp'
Nu@ber ofshares, ................ 10000
Worains ca pi.aI, ...... ss so %
"a The Directors of this Company take pleasure in
presenting to the capitalists and the public Of New
England chance to invest in o. Petroleum stock
that Offers aasdiattreturns as well staaepros;
poets of realizing income that will amply reward
such investments.
lk The Property Of the Company Consists
1st- Of aperpetual lease Olive snd one-haK acres
of land with en- line, fixtures and buildings being
part ofthe Miller Farm, about FIVE miles below IT,
tusv,ile, on Oil Creek. at the mouth OF Hemlock
Run.
The on Greek Railroad rups directly through this
property, which enhances the valueof the product
fully dollar per barrel there bstng no earring
No finer boring t"rritory being found the whole
eugth of Oil Greek than ON this section On this
land there is one well producing sixty barrels
Of Gil pei day, worth at the well twenty dollars per
barrel. ~ IA n " Al "
This well being new one. we have every prospect
of its increasing to much larger yield, most OF
the pumping wells ON the creek have done hereto
fore. For this well alone the Company are now Of
fered $l75 coo cash. We have also on this track
for at least ten more wells One well win be put
down immed atel upon the arrival Of tho engine
and tools which the company already own.
9 Much better results expected from this terri.
tory than aiready obtained when shall have suck
the other WELL as almost every well sunk in this vi
oiniy has be eminentiy successful, for Instance,
the .sNobIe Well" only three miles below MS, with
surface indicatons inferior ours when the oil was
struck flowed two thousand barres q day fJr year,
and its fortunate possessors became millionaires-
Now our chance of striking similar deposit reat.
supsrior, being nearer the confer of the great Oil
Basin Should well of this kind be struck, at the
present price Of OIL it won yield income of $40.
cooper day. or over s4,e0oe00 per annum. This
would indeed bsa price and facts show that b not
all chimeical for 1t has been done in neighbc
hood. and de mot see why our chance ID not good
or doing the same thing. 2Qs4.a .
No. 2. Fee simple of two hundred and sixty ave
acres of land In Oil Creek and Spring Run, six
miles from Titusvifie, large portion Of which Is
boring territory, and from sueface indications we
have every reason to believe that this win prove
equally as YalhsbIs land below Titusyille Par.
ties sinking wells land adjoining us wi .hvery
a;isfactofy results. = i've bsaanaEsl psed Rltaa
d No. g. Twenty four acres Of hats ru aning acros,
the sonth end of Morgan Jennin ss, farm. say two
miles north Of Cooperstown. Fdl8y years lease, re-
corded Nine-tenths of oil first five acres three
fourths Of OIL on residue. One derrick mp Propiie
tor pays all taxes, making it better than deed A
Rochester firm, Measrs Hughes, Crane. 6 Co, have
asmilar lease across north end Of this farm and are
improving ir with the greatest energy.
b1hs land was very carefully se,ectea last August
BY most experienced expert. and Is unsupas ed on
the Creek The ellis heavy lubricating oil, sell
Ing at the wells for twenty-five dollars per barrel
and from the superior location of this property to-
gethsr with large amountof money now develop
ing in this locality, the company most conscientious
iy deem this tract OF very great yaiue L is in d.
rect range with the celebf ated Tarro Farm, and
every foot of the territory is excellent boring land
while les proximity 10 the market renders it of en-
HANGED value.
No 4. Fee simple Of one hundred andthirty acres
on Mufquito Creek in Mecca, Ohio, ON which W.
have three wells in operation, yielding about fou,
barrels per day oftheyery finest lubricating oil d
the world, bringing readily fifty dollars per barrel
at the well. or sixty dollars in Eastern Markets
Responsiblepa stand ready to take an the oil
raised &C thar price, These wells areover four years
old and it is expected when we shah have new
well down, we shall get at least Jfve-barrel well
One well nearly oil depth now and in the course
of thirty days will be producing No well was eve,
sunk on thi5territory that was not a paying one
Tni, oil is found asa depth of sfxtyfve feet which
enables us to sink wells at q slight expense.
a The PHILIPPE Oh Company are sinking wells ON
land adjoining us ut q greater depth, with every
show of getting flowing orlargs pumping wells. -
ION this property we have two large honses, new
barns ONCE, oil refinery four first class engines,
pumps, tubing, teams, and everything complete Tor
carrying on large oil business Plenty of the best
Of hard wood growing on this property enables us to
get fuel At cost Of cutting and haulir q as all
our engines burn wood alone Splendid timber for
staves and other purposss is found in great quaint
ties. - y -. =
ThsDirectors feel in putting this stock upon The
Market they holding out and better induce
ents to subscribers than has heretofore teen offer
ed for, while there are wes.in actual operation.
oil enough to pay immediate dividends of at least
wo per cent month, asthe yield noto amounts to
800 per. day or s2l9.0oo per annum, there are
also future prospects unsurpassed by any other Com
pany ia having territory on develop.
ed lands, and plenty OF land where the excitement
has but late reached which enables us to derive
benefit both from old and new territory, and on
which tie Developments will be vigorously pu he'd
We wouldcess this prospectus BY stating that tae
Company Is entrelyI . New England enter rise.
managed by well known par les, some Of them OF
graf experience in the Pet oleum business. Sub.
scription books vii be found with J 4eLi-I II
4 Messrs J. II. CLAP & Co, Bankers. 81 State st
VA &c. BARNS Esq ) . Merchants Row. a n
Messrs. WIN. LINCOLN & Co. 10 Central st.
Messrs. r. &R. W. SEARS, 1o4 state Ct. w WI
Since the above was written we have received nd.
vices that new wells on the Mecca pr sper
ty has reached oil, aud now yields twenty barrels
per dsy, AS soon as the tubing Is put down ID III
probab greatly increase. 80 q. nor.
Subscription Books. foriimitef number of Shares
will be open attic Offices of ]. C. PeooroR. ESQ.
Lime st nearlP. o., and at ]. J. Bkows's Bsukess
No. 70 Exchange strr INK srr,s 4, r. dec2atf