Smyrna times., 1865-12-27


PROSPECTUS
CHEAT RIVER
OIL AND alNINc CO.,
WEST VIRGINIA.
Orgo@assd stndsr a Charter from the State O
Vest PTginia.
Territory, 1900 Acres ..Rivsr Front, about Miles
Capital Stock, sJOO,OOO,
DIVIDED INTO 100000 SHARES,
Par Value, IS per Share Subscription Price 40 Der
Share.
$4,000 Shares Reserssk for Working CAPITAL
Chief Office, at MORGANTOWN, MONONGALIA
COUNTY, WEST va.
Corresponding Office. at ODESSA, DEL.
Branch Office, HARPER, DURNEY & CO. R,nt
ers' % South Third Street, Philadelph,a.
OFFICERS OF THE COMPANY
PRESIDENT,
DN. ]. F. BIRD, N. E. Cor. Eleventh and Cream
Streets, Philadelphia.
VICE PRESIDENT,
WILLIAM II. ELLIOTT, Germantown. Pa.
TREASURER,
JOHN APPLETON, Odessa, Del.
SECRETARY,
Da. B. F. CHATHAM, Odessa, Del.
DIRECTORS,
DR. JOHN F. BIRD, Pbilad,,
WM. III. ELLIOTT, Germantown p,
WILLIAM &. SPENCER, Germantown. Pa
IUHN yi APPLETON, Odessa, Del
VIM. S. VANDYKE,
ED. C.. FENIMORE,
IiiOS. CAVENDER. Middlctown, Del
M . "KIFFITll Head of Sassafras. Nd.
I'm ms company holds fee simple in tract orovor
2pOO acres of land, lying on the cas-, side of Gboa,
rlver' IN Mnnongalia County, West Virpini, abo't
nVe IN les iro It's junction with the Monongabe's n
The land is heavily timbered with White o,lI
Chestnut and Locust, and abounds in Iron Orc nd
tre brlcN clay, OF superior qualities and has run-
lg 'hrongh Its entire extent two veins of Coal one
ieet and the other feet in thickness. O'''
me indications OF the presence of Oil are vcrv
'G "lere are numerous Salt Licks on the premises
1"u gases escape from some of the ravines and
springs which burn freely upon the applicat;on &c
hre' There is river front of at least five n;Ios -
eATnt f, mus aff"rdng ample boring territory.
ne property is also intersected by small s,ro,,,,
IIn"N,hg lhto the Cheat river, along the courses n
"nlcn; no doubt wells can be advantageouslv supk
IN the heghboThood of this property, several wells
are IN progress, with fine show of oil.
Inc adjoining property, containing abopt . 5Oo
acfes' mas very recently been sold for $500 OOO
Cheat river takes its rise in the AIlcgbnn;os ,,d
enPles INTO the M0nongahela river about nine milo
below Morgontown, West Virginia. and abont c's
u nlcs IRON the mouth Of Dunkard Creek. in Greene
county pennsylvania, consequently these two rivers
yielding of Oil. iof 'he
Twenty-Five thousand shares of the CaDitol Stool
nave been appropriated and set aside BY the Direc
ors, for working Capital. ''e''
cn ne Company is now thoroughly organized, with
competent Superintendent and a coTns Of -
men on the land, with new and excellent macb;narv
lnd boring apparatus in operation for the rsnid de
'eioPment of the property. 1p'O ue-
IN view of the fiattering prospects for obtaining
arge deVeoPments of oil, the contiguity of the IanS
o some OF the finest oil producing regions in the
S9Iny e and the abundance of fuel and large extent
,,o 'ertlIory' the Directors confidently antici
GeIng aoie to make as profitable returns 10 the
''ocknoldeTs for the amount invested as anv o,ber
IheTe remain unsold only about $4,000 shares ofl
laPTai Stock. Applications for subscrintions 70 |
s balance may be made to the President or Ser
iryi ,s or ?r 10 Harper, Durncy & Co. Bankers. 55
hia. o" Oiiice IN FhiIadel-