The Cleveland leader. [volume] (Cleveland [Ohio]) 1865-1865, 1865-08-23
FROM The OIL COUNTRY,
Stuarf's Run--Finh sand.rOck-.Pre.
6ietions and TheOFies--Priee OF OIL.
amount Of on transported.

Special Correspondence Cleveland LEADEal
OIL REGIONS August 81, 1855.
In my last letter 1 spoke of q new well
being reported upon StuArts Run, saying
that its cslibre was as yet undetermined.
The well was being tubed on Saturday
last, with high hopes of its running csPa-
city. 1t is claimed by its owners that they
have not only found the widely renowned
a4hird sand-rock," but have found q CLOVER
reef" and have gone through q fourth
stratum into the fifth. The fourth rock
was struck, 1 believe, at $50 feet, and the
fifth at about $50. The we'll is nearly 700
feet deep, and gives excellent show. A
few days viii test the yield. The diseov-
cry, or rather the finding within available
distance of the third sand-rock upon the
Allegheny, the fourth upon PithOle and
the fifth upon Stuart's Run, will institute
new theories, and with the theories new
experiments and Developments upon q
large part of the oil regions. Those who
have hitherto stopped at the second or
third rock, by going deep enough to strike
I AQDku6T IhY6E VI IOCAf ~ 6o AAiAy AhA-
pregnated with oil as the third sand has
thus far been found.
tButn saws the man who has found o; l
stocks a losing speculation and believes
sill oil operations q deIusion and 8 snare
sthis lisa mere superstition mot worths straw
to a practical man." OF course it Is all
l suppoeition, and to one accustomed to deal
with the facts of history, the figures of
, trade, or the laws of the courts, all writing
: upon the future of petroleum is mere
theory and speculation. We k,lOt0 moth
ing at all about it, save what has already
y come to light, and, therefore, any man
: who pretends to state positively what fu-
: ture developments we shall have, assumes
! too much and is to be suspected. We
have been experimenting upon this thing
= for five years, and yet almost every new
: well-certainly every newly discovered
. oil bearing locsliLy-upsets ZONE pei
L theory which had been al accepted article
. of faith with many oil writers and Oper,
!; ators. Drake put down his first well 81
an experiment, and upon q theory The
l. first wells upon Cherry Run, Pithole Greet
or BennehoOf Run, were experiments pui
: down TO prove q theory. Out of the mnl
I titude of theories aud suppositin"
: forth wisdom and success.
The price of oil Is -'hl tendlng own
d ned n was ~Iu on Saturday on the
G-aot atSf 80, and upon Pithole at 81
8 Helatively, the former is the cheapest. The
latter will cost SO so for hauling TO the
I river, and when it has reached q market
the value is less, the gravity being higher
Among the other items of news from
Titusville, it is said th-s the Ere DdHg
: Dispatch is to be removed to the former
8 nlsce- a-a that the Erie Weekly Gazette il
s t. have a daily edition. Titusville pre-
p sents 8 field for q good daily newspaper
J but the opportunity has been only partially
= improved as yet.
The Atlantic and Great Western all
7 way carried in the month of July eighty
, thousand barrels of oil from this region
u to the Eastern and Western markets. The
Q Allegheny river probably carried over hall
9 IS much to Pittsburg, and the Philadelphia
and Erie railroad as much more. Let thos'
7 who eroak that the oil business is "plsyed
{ out" ponder these figures, and if nothing
else will console them for such a plsyed-ou
9 business, let them remember that for every
, barrel of crude oil produced a greenbacl
dollar goes into the nstionsltreasury for tn,
liquidation of the public debt. CHIPS.