Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1865-02-27
Little Kanawha & Elk River
petroleum and MINING co.
SUBSCRIPTIONS TO BE CLOSED.
Cash Working Capital, sI5O,O0O.


OFFICERS:
OLIVER q. WOOD, President.
JAMES CRUIKSHANK Vice President. N
CHARLESJ. MARTIN, Treasurer.
JAMES WADSW ORTIZ. Secretary. ,.r
e. r. BLACKWELL, Consulting Engineer and
General Superintendent.
TRUSTEES:
PAUL N. SP0FFORD, of Spoford, Tileson 4
Co.,N.Y J...
CHARLES. MARTIN, President Home lnsur-
ance Co., N. Y. ts s
Hon. ROGER AVERILL, Danbury. Conn.
Hon. ALBERTZ. CATLIN, Burlington, Vt.
JAMES CRUIKSHANK, 65 Broadway. N. Y
OLIVER E. WOOD, % Barclay street, N. Y.
JAMES WADSWORTH, of James Wadsworth
4 Co.. 6l Cedar street, NY. V .sgrH
JOHN W. STRONG, Detroit. Mich. lo'
EDWARD NJ. MORGAN, Pine street, NY.
THE SUBSCRIPTION Is SO NEARLY
i completed that it is intended to close the same
on or before the 18th of February.
Subscriptions, $750,OOo of which 5000 900 purchas-
es the land-to-wit 90 $50 acres. The remaining
$5OOo is the permanent cash working capital of the
Company rr.t
Par value of shares, SIOo. Lands located on the
Little Kanawha and Elk Rivers, in the counties 4
Gmer and Braxon, in the very heart Of the oil re-
gions of West Virginia.
Professor Richardson reports "Your property is
the very centre Of the West Virginia oil regions. II
has numerous oil and gas springs along the banks of
its streams, one of which vies with tho famous
Burning Spring ITSELF"
Professor Shepherd. of New Haven. Conn.,. re.
ports: "Iconsider IL eminently oil-producing land
The oi-6earing shales anderlie 10 estenSigsly, and
the long lines of car6uretted hydrogen, or dRumi,dt
ing gas springs, some Of qohich sdto burning as
DeN as the appearance Of oil ITSELF on the surface
Of the tract, july confirms me In this belief.
There can be no doubt that along your creeks and
tributaries there Dc large ertent Of Valua6,e oil.
producing territory. The prodigiouS amount Of
bituminous and canned coal iron ore. Limestone and
re clays embodied In tie high hills on sour proper
ty, the tops and slopes ofaoAtch arc coUered wih an
eetrdordiHury groaoM Of aohite OAK and other heaUy
tm6ers. add Immensely to its vdlue." .
These views are fully indorsed by the reports Of
the most practical and experienced men from the oil
districts of both Pennsylvania and Virginia.
The Company consider themselves fortunate in
having secured the services of Mr.. Blackwell, q
practical civil engineer for the general superintend
ency. so we'll known as the late Chief Engineer and
Superintendent of the Commissioners Of Wash
ington Heights" New York City.
Arrangements are in rapid progress for the imme-
diate development Of the property, on scale com.
mensurate with its value and extent.
Subscriptions payable at the time Of subscribing
or rone-haf in cash. the balance in thirty days from
the time of closing thesubscripton can be made in
person or byletter at tho Office of the undersigned
No 81 Cedar street. New York; J. X. D0BS0N. No.
a State street, Boston; and JOHN W. STRONG
Detroit. Michigan, where full information can be
obtained.
JAMES wADSwORTH & CO.,
i-a.s No. 6l Cedar street, New York.
N. B. Subscriptions received for the above Com
pany by 'J @ LEWIS BAKER,
feb6 ar5, Wheeling, W. V.