Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1865-06-05

THE
DAVENPORT { OIL creek
PETROLEUM CO.,
venange County. Penn.
Property Of the Company, venango Co.. Penn
Office Of the Company, Davenport, Iowa.
Organized under the Lars, Of the State Of Iowa
CAPITAL STOCK, slso, e0o.
Divided into IL, 600 shares Of $40 each $50, o0'
reserved for Working Capital.
Omcers.
TnosAs scorr, Treasurer, Davenport. Iowa.
JOHH l.. Swffs Secretary, do do
r. NJ. JACKSON and JRsss wslLRR, Superinten.
dents ut the Works. Titusville, RI.
John l.. Davies, Davenport, Ia,
Jerry O. Conklin do do
Howard Darlington, do do n;.o..r.
Geo. W. Kepner, do do
James Armstrong, do do
Jas. b. Edmonds, Iowa City, d.
II. N. Conklin, indianapolis, Ind,
PrOpertys
The Companys property consists Of the Fee
Simple Of the valuable "kcrr or Thompson
Farm" containing one hundred and nine (lO9J
acres, more or less, situated in the heart Of the
Gil region, Venango. county, Pennsylvania, on
East Oil Greek, about one quarter mile above its
junction with Oil Greek proper, and on the road
leading from Titusville to fleasanton. two miles
distant from the former place. This property ad-
JOINS the lands Of the -Eina and Northern Light
OIL Companies. on which developments are being
rapidly pushed forward with every prospect Of
success and is opposite the lands Of the Guild
Farm Oil Company, Of New York, the stock OF
which was quoted in New York, May 18th, At 200,
on which several productive wells In opera
ton and more being bored. The celebrated
Drake WELL the first ever sunk on Oil Greek, is
but mile from this property. The lands Of the
Kingsland Parker Company. on which fifty
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, NPennsyly ana Oil
Creek situated on the now widely known and
justly celebrated watson Flats,"i il the Oldest
Company in this region, and is now amply repay
ing the stockholders for their patient labor and
liberal expenditure, In the steady yield from the
Continental, U. 3. Grant and other fine wells,
all 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
"Run" above and beyond this property several
Pittsburgh Companies are now sinking wells, %
that it Is completely surrounded BY evidences Of
and realized. This tract comprises large pro-
portion Of low ground. and is capable Of being
bored in very many places.
ReAarkS.
The past year has proved beyond all doubt, and
to the most skepticaI mind, that We are to havo .
steady yield Of this valuable staple-Petroleum;
valuable not only ~ an article Of large domestic
consumption, but ~ m article for which there Is
already IN immense and steadily increasing ex-
port demand; therefore Company fol med on .
safe and reliable basis las il claimed this Com
pany isl having In fee such tract Of land rs the
"Kerr Farm, the development Of which, being
pushed rapidly and energetically forward. cannot
fail Of ultimate success. and Of being profitable
investment to its stockholders.
Leases can be effected with parties who will
contract TO sink wells without expense 70 the
Company. giving the Company q royalty or
share Of the Oil produced but 50 valuable Is the
location and 80 fattering the prospects Of sue
cess, that the Directors have resolved 70 sink
wells on the Company's account, thus securing
the entire product that may BE- obtained.
With this object they have authorized the sale
Of few thousand shares only, which are here
with open 70 Subscription.
No Company has been formed on : more sub
stantial basis. Ta8 STOCK % NOT wATgaeD RI
HOLDERS WILL STAND OK Az EouAL FOOTING The
shares will be sold on the only correct pt inciple,
viz :-at tksir par rdlue. Lastly, there il 10 lit
tie Of it, that even ten-b well will pay reg
ular monthly dividends. With common success
it, price should reach very high figures 4 q
early date. A. there is room for i've hundred
wells on the Kerr Farm, the Trustees confidently
expect handsome md immediate returns.
Snbscrieeion Books, for tAs ssle Of ~ Stcct -
srred a. -Wcrkiag Capital, ars opsMed for liss-
itsd period, At ne cbgcsof
JOHN y. OWlTS - CO.,
mxQntf Nickol1's Block Davenport Iowa.