Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1865-05-30

The Company's property consists of the r.,
Ssmpte of the valuable Kerr or Thompsor
Farm, containing one hundred and nine ilO9
screa more or less, situated in the heart Of III,
vi region, Venango county, Pennsylvania, Of
East Oil Greek, about one quarter mile above m
junction with Oil Greek proper, and on the roac
leading from Titusviils to Pleasanton. two mileI
distant from the former place. This property ad
Joins the lands Of the Etna and Northern Lieh
OIL Companies, on which Developments are beina
rapidly pushed forward with every prospect Q
success; and = opposite the lands Of the Guile
Farm Oil Company, Of New York, the stock o
which was quoted in New York, Nay 18th, Il 900
on which arc several productive wells in opera
non and I'd, more 's being bored The cslebiatsd
but mile from this property. The lands Of the
kingsland Parker Company on which ! iitlv
barrel flowing we'll has just been struck, and the
Watson and Pennsylvania Oil Greek Companies,
OF Philadelphia, are in its immediate neighbor.
hood, this latter Company, (Pennsylvania Oil
Creek) situated on the now widely known and
justly celebrated watson Flats, is the oldest
Company in this region, and 10 now amply repay
Ing the Stockholders tor their patient labor and
Continental, U. 8. Grant and other fine wells.
oil Of which are almost in sight Of the tract herein
described. A fine stream Of water called
s'Thompson's Run traverses the whole length
Of the property through the center. On the
Kun shove and beyond this property several
= ssDOut ~ OOtupUSieS HGo UOW UIOkI0R WDIlo. 80
TINT II Is completely surrounded by evidences Of
2 large production Of oil, soon TO be developed
and realized This tract comprises a lore nro.
portion OF low ground. and Il capable u ksinR
bored In very many places.
Remarks.
The past year has proved beyend III doufA and
to the most skeptical mind, thaG ~ are q have
steady yield Of this valuable staple-Pctroleu m,
valuable mot only y an article Of large domestic
k,nta - g. f:-lA - -
already % immense and steadily increasing e.
port demand; therefore Company fos med on
safe and reliable basis (as il cfaimed this Com.
Pany ~ having in fee such tract Of land ~ the
Kerr Farm, the development Of which, being
pushed rapidly and theoretically forward, cannot
investment to its stockholders.
Leases can be effected with parties who will
contract to sink wells without expense to the
Company. giving the Company I royalty OF
share Of the Oil produced; but 50 valuable Is the
cess, that the Directors have resolved TO sink
wells on the Company's account, thus securing
the entire product that may b. obtained.
With this object they have authorised the sale
Of . few thousand shares only, which are here.
with open to subscription.
No Company has been formed on more sub
stantial basis. THs STOCK 70 NOT wArrssp: in
notDRRs WILL STAND on An HoUAL roormo. The
shares will be sold the only correct ri iuciple
VIZ at their par rs1as. Lastly, thsre 10 % lit.
tie Of it. thet evea ten barrel veil will pay reg
ular monthly divfdends With common success
it, price should reach very high figures Ut "a
early date. Az there ID room Tor I'VE hundred
wells on the Kerr Farm, the Trustees confidently
expect handsome and immediate returns
SU6scripti0n Books, for tAs sale of ~ Stool ~.
srced q workisS Capital, are opsned for lin
tied PERIOD, at ~ office or
JomN I. svvErs = CO.,