Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1865-06-02

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DAVENPORT { OIL CREEK
PETROLEUM CO.,
venangO County. Penn.
Property Of the Company, venango Co., Penn
Office Of the Company, Davenport, Iowa.
Orgdni-sa under tho Latrs, Of The State Of Iona
CAPITAL STOCK, $3.50, 900.
Divided into $1,000 shares of $40 each. $50, 90
reserved for Working Capital.
Officers:
Hon. JOHN l.. DAVIES, President Davenport
Iowa.
THOMAS Scorr, Treasurer, Davenport. Iowa.
john l.. SwIrs, Secretary, do do
r. N. Jackson and JEssE WELLKR, Superinten
dents at the Works, Titusville, RI.
John L Davies, Davenport, la,
Jerry G. Conklin, do do
Howard Darlington, do do n;...
James Armstrong, do do
Jas Is. Edmonds, Iowa City. d.
u. NJ. Conklin, Indianapolis, Ind,
Property:
The Company's property consists of the Fee
Simple of the valrcole Kerr or Thompsou
Farm" containing one hundred and nine ,l0s,
acres more or less, situated in the heart Of the
Oil region. Nenango county, Pennsylvania, on
East Oil Creek, about one quarter mile above its
junction with Oil Greek proper, and on the road
leading from Titusville 10 Pleasanton, two miles
distant from the former place. This proper " ad-
joins the lands Of the -Etna and Northern Light
OlCompanies, on which Developments are being
rapidly pushed forward with every prospect or
success; and is opposite the lands Of the Guild
Farm Oil Company. Of New York. the stock of
which was quoted in New York MAY nth. at 300.
on which are several productive wells in opers-
ton and more being bored The celebrated
Drake WE'LL the first ever sunk on Oil Creek. is
but mic from this property. The lands Of the
Kingsland Parker Company. on which a fifty
barrel flowing well has just been struck, and the
Watson and Pcnnsylv ana Oil Greek Companies,
Of Philadelphia, are in its immediate neighbor.
hood. this latter Company, Pennsyivania Oil
Creek situated on the now widely known and
justly celebrated Watson Flats, is the oldest
Company in this region, and is now amply repay :
Ing the stockholders Tor their patient labor and
liberal expenditure, in the steady yield from the
Continental U. s. Grant and other fine wells,
all of which are almost in sight Of the tract herein
described. fine stream Of water called
'Thompson's Run traverses the whole length
OF the property through the center On the
Run" above and beyond this property several
Pittsburgh Companies are now sinking wells, so
that it is completely surrounded by evidences of
a large production of oil, soon to be developed
and realized. This tract comprises large pro-
portion of low ground, and is capable Of being
bored in ~ many places
Remarks.
The past year has proved bey ond oil doubt aud
to the most skeptcal mind, that we are to have a
steady yield Of this valuable staple-Petroleum
valuable not only as an article Of large domestic
consumption, but AS article for which there is
already an immense and steadily increasing ex-
port demand; therefore Company fol med on
safe and reliable basis Gas is claimed this Com
pany isl having in fee such tract Of land as the
Kerr Farm, " tho development Of which. being
pushed rapidly and energetically forward, cannot
fail Of ultimate success. and Of being profitable
inve stment to its stockholders.
Leases can be effected with parties who will
contract to sink wells without expense to the
Company, giving the Company royalty or
share Of the Oil produced; but so valuable is the
location and so flattering the prospects of sue
cess, that the Directors have resolved TO sink
wells on the Company's account, thus securing
the entire product thai may be obtained.
With this object they have authorized the sale
of q few thousand shares only, which are here
with open to subscription.
No Company has been formed on a more sub
stantial basis. THE STOCK Is NOT wATERED; ITS
HOLDERS WILL STAND OK EQrAL FOOTING. The
shares will be sold on the only correct p, ncipe,
viz at their par raiue. Lastly, there is so lit
tie Of ii, that even ten barrel well will pay reg
raar monthly dividends. With common success
its price should reach very high figures Ut IN
early date. Az there is room for FIVE hundred
wells on tho Kerr Farm. the Trusteeee onii IDENTIFY
expect handsome and immediate returns.
Subscriptioa Roots, for tie sale Of The Stool re-
serrsd a. Working Capital, are opened for q lin
it'd PERIOD. at the office Of
JOHN Il. 6WlTS q CO.,