Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1865-03-24
DESCRIPTIVE CIRCULAR
OF THE
HOPEWELL OIL COMPANY.

: Hon. JOHN ROWE. President.
J. SIMPSON AFRICA. Secretary and Treasurer.
DIRECTORS;
w.s. FLkreHEa, Meconpelsburs, Pa.
JoHy K0wE. Greeneastle. Pa.
r. RKSEDIcT. Bedford Pa.
J. H. SEYMOUR, Hagerstown Nd.
J. {. EyERHART Martinshurg, Pa
JoBX J. ScHELt, somerset, Pa
c. +. RAAsDElL. Oil City, Pa
The property hi, Company consists Of 200 Of
land in fer simple Situated the west side Of the Ale
vbsDy river, short distance above he mouth Of Scrub
trass Greek in Scrub Grass Township Fenango county
Pm 1t has frontage along the river Of mile. with
gnol boring surface for the whole distance Two good
oil wells IN operation on the east side Of the river
immediately nlfusite tue property OF tAe Co.
The following in regard TO adjoining tract is taken
from an editorial in the Philadelphia Price Current OF
December II
"The geological relation 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
Mcclinvck Farm the north to the Buchanan. on the
South pass under this property; the range OF the
strata certainly bringing the TIVE localities into this mutu-
al rela,n Other data, obtained from investigation
of the conformation of the ground, and the underlying
rocks lead the conclusion, viz that the man
belt o OIL which extend, down from the north northeast
and supplies the wells the Washington, McCntoek,
Egbrrt. Stone Tar, ami BnchHnan Farms sweeps do"h
stf farther the south southwest direction cor
responding with and controlled By the inclination OF the
strata and uncrlie this property II well ascertain
the indians years ago gathered oil from the surface OF
the rayne hi property and used 1t for rheumatic al
feetiens.
In Later times the teamsiers of Bullion Iron Furnace,
gathee and ud the oil for the puspose OF applying to
gals an bruises on their horses. Oils for was seen
to exue at Number of places others at the root
old stniBppn the bank ot the Allegheny rlFef anu
in the rayine alluded TO
few years ago. the then owners OF the tract with enc
or two of their ncighlrs bored well, few feet above
the old uup The Grst vein of oil struck at the
DScf he nj
ced mai frain a Creek employed 10 tube thr well
which produced of oil three quarters Of an Inch
in diameter The of the well, not satisfied With
its production. pulled out the chamber. ana drilled
some feet dceper. when they struck salt water IN large
quantities and great strength Believing that the man
ufactnre OF salt would, ut the time yield them better
profit they arranged their seed bags in the we so Us t.
enable them "a exclude the oil and pump the salt water
Still oil was pumped along with the water, IN such quan
titles as to gather upon the top OF the Waer-tanks IRON
whence il was collected, barreled aud Sold
There Il every therefore, to believe that the pro
pertv of the Company is rich in its supplies af OIL The
inclination the Strata proves conelusvey, that those
supplies "t oil Oil Creek have higher teref than the
oilhearng rocks this prolety and that consequently
the supply viii be permanent than that OF O Cfeeb
itself The large extent Of boring territory equal to that
az half dozen companies Oil Creek boat-landing on
the Farm with the advantage of navigable stream fo
the transportation OF OIL and the certainty of the exis
tenee large quantities of coal upon the tract makes h
property of inealcuable value.
The COMPANY about preparing TO sink several wells
and confidently expect the early development of oil il
paying quantities
The plan OF organization adopted by the Company com
mends Itself 10 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 can he had by applying t'
the following named gentlemen
/ f. Rcuedict Bedford, Pa.
Jae0b Reed Z"
Is. +. Meyers
j. Henry Schell Schellsburg, Bedford County, Pa
1 James Lowther Altoona, Blair County, ia.
S. s. Barr holiday sburg Pa.
G. w. Asheam, Hopewell, Pa.
l. II. Kausler, Hagerstown, Nd
5. H. pralher Co.. Greencastle, Pa.
]. Hosteiter Co., +"
i ]. ]. PhilHps. Waynesboro, "
John ). Miller, Huntingdon,
Samuel Henry, :"
w. d. Mckinsiry, Mercersburg "
And the Office af the Company, No. 435 Walnut 81.
hiladelphia
! dee.23,'64