Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1865-06-09
GREAT SUCCESS
w OF THE
Bedford County Mutual Oil Company
Orer 10000 SI.ares .AIreadu Sofd
No FaVOritism Every Subscriber ON the
Ground Floor.

The property Of the above named company,
which is about being organized under the mining
laws of PennsyIvania, consists of the following
valuable territory. to wit:
/. lease of one-half acre, known as "No. g."
on the Tenney and Storrow purchase, on Cherry
Run, Venango county, Pa, just above the celebra-
ted creed" well and within stones throw of a
well just struck flowing at present 100 barrels pei
day. new derrick erected upon the lot. One
half the oil to the company.
2. lease of one half acre in close proximity to
the above, known as 'sNo. g. on the Tenney and
Storrow purchase on Cherry Run. New derrick
erected upon the lot. One half the oil to the com
pany.
g. The refusal for sixty days, Of lease on su-
gar Creek, of two acres of ground; fve-eighths of
the oil to the company
4. Seven acres in fee simple on the waters of
Ritehey Run, one mile from its junction with the
Allegheny, about the same distance from the Fox
and Widel well, owned by the "Stump Island Oil
Company" Allfat, boreable territory, at present
under cultivation, with good frame house upon
| it.
5. Three acres in fec simple on the Allegheny
river, just below the mouth of the Clarion river.
| There is room this tract for half dozen wells
The Allegheny and Clarion River Oil Compa-
ny" of Philadelphia, arenow sinking several wells
Immediately opposite this property, with excel
lent prospects Of success.
In presenting the above basis to the public it is
/ connuenty DelleYeu that II cannot be eXcelled by
that of any other company yet organized The
| two leases on Cherry Run are themselves worth
more than the territories of many companies
which profess to be based upon million capital
The Cherry Run region has proved to be the sur
est oil-produeing territory yet discovered. Nine
tenths fthe wells bored on this stream have been
1 suecessful. The great Creed" we'll flowing 375
barrels per day, the Mountain" well feyr;n9 too
and in fact nearly all of the large wells vet sfruc
are located on Cherry Run
Ii Is proposed to sell sufficient number ~
shares to pay for the territory and to raise work
ing capital for its development at the low price Of
ti7entg IRE cents per share thus PLACING ererv s,b
scrtber to this fund on the groHnd- -four. and air.
ing each subscriber pro rata interest in tAe Ter
ratory, engines, and other property of the comBonp
as well as the shares of stock remaining rnsoId
after the purchase money and working capital are
raised. From the nature of the leases borine nm
| on them must be commenced within sixty davs
from the 2Oth Of April, 1862 which is a sufficient
| guaranty that the company viii proceed without
delay to the Development Of its territory.
| The following named persons haue been eleeted
| officers Of the company.
President. b. FARQUHAR.
Secretary and Treasurer-JACOB REED
DIRECTORS:
" mm; :: Masters, B. F. Meyers,
II 1. smith, J. M. Shoemaker,
. u Scnell' +. d. Beegle.
Persons desiring to secure Stock in this Comma
ny viii please call Immediately ON any one of tbc
"UOfe onloers' APPS