Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1865-02-24


J. SIMPSON AFRICA, Secretary and Treasurer.
DIRECTORS;
Ws. FLErcHER, MeConnellsburg, Pa.
JoBN ROWE. Greencastle, Pa
L. BENEDICT, Bedford, Pa.
j. H. SEYMOUR, Hagerstown, Nd.
J. G. EvERuART, Martinsburg, Pa.
JONI j. SoHBLL, Somerset, Pa
C,P. RAMsDELI. Oil City, Pa
The property Of this Company 200 acres of
land in fee simple situated the side of the Allie
ghenv river a short distance ahpye he mouth Of Scrnb
Grass Creek in Scrub Grass Township, Venango county
Pa. It has frontage along the river Of mile, with
rood boring surface for the whole distance Two good
oil wells are operation the east side of the river
Immediately opposite the property of the Co.
The following in regard to adjoining tract is taken
from editorial in the Philadelphia Price Cayent,
December Il
THE geological relation Of this property to Oil Creek
is such that the oil bearing strata which supply the wells
on the Middle Section of Oil Creek from the Washington
AicClntock Farm the north to the Buchanan on the
South must pass under this property; the range of the
strata certainly bringing the two localities into this
al relation Other data, obtained from investigation
of the conformation of the ground and the underlying
rocks, lead the conclusion, viz: that the main
belt Of oil which extends down from the north northeast
and supplies the wells the Washington, McCIintock
Egbert Stone, Tar, and buchanan Farms, sweeps down
still farther the south southwest direction cor
responding with and controlled by the inclination Of the
strata, and underlies this property 1t is well ascertain
ed by the testimony Of aged and respectable residents that
the Indians years ago gathered oil from the surface Of
the ravnes on this property and used it for rheumatic a
feetions.
In later times the teamsers Bullion Iron Furnace
gathered and used the oilfor the puspose applying
gals and bruises their horses Oils for years
exude number of places; among Others the root
of an old stump the bank Of the Allegheny river and
in the rayine alluded TO-
few years ago the then owners Of the tract with one
or two their neighbors, bored WELL few feet above
the old stump. The frst vein of oil was struck at the
depth Of 2S6 feet and the second at 400 feet experen
ced from Oil Greek employed to tube the WELL
which produced of oil three quarters an Inch
in diameter. The owners of the WELL satisfied with
its production, pulled out the chamber, and drilled
some feet deeper when they struck salt water in large
quantities and Of great strength Believing that the
uacure Of salt would, at the time, yield them better
profit they arranged their seed bags in the we'll
enable them excnde the oil and pump the salt water
Still oil was pumped along with the water, in such quan
titles gather upon the top Of the watertanks from
whence it was collected, barreled and sold"
There is every reason therefore, TO believe that the pro
perty the Company is rich in its supplies of OIL The
inclination of the Strata proves eonclusiyey that those
supplies of oil Oil Greek have higher ierel than the
obearng rocks this property and that consequently
the supply viii be than that of Oil Creek
itself The large extent of boring territory equat that
Of half dozen companies on Oil Creek, boatanding
the FARM with the advantage OF navgabe stream for
the transportation OF OIL and the certainty of the exs-
tenee Of large quantities Of coal upon the tract makes the
property Of ineslculable value
The Company about preparing to sink several wells
and confidently expect the early development Of oil in
paying quantities.
The plan Of organization adopted by the Company
mends Itself public approval from the fact that it places
no fictitious value upon its stock but confines the sale
shares strictly TO their par value.
limited number Of Shares be had by applying
the following named gentlemen.
+. Benedict Bedford, Pa.
Jacob Reed
b. f. Meyers +"
j. Henry seheil, Sehellshurg, Bedford County, Pa.
James Lowther, Altoona, Blair County, Pa.
S. s. Barr, Holhdayshurg, Pa.
CIV. Ashcom, Hopewell, Pa.
J. H. Kaasler, Hagerstown Bid.
$. II. Prather CO.. Greencasts Pa.
J. Hostetter 4 Co., e"
J. j. Phillips, Haynesboro,
John S. Miller, Huntingdon,
Samuel Henry,
w. ID. Mekinstry, Mercersburg
And at the Office af the Company, No 435 Walnut St,
Philadelphia.
dec23, 81.