Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1865-07-07
GREAT SUCCESS
VI or TEE
Bedford County Mutual Oil Company.
Orer O,00O shares Already sod.
No FavorfsfsEn. Every Subscriber the
Ground Floor.


The property of the above named company,
which u about being organized under the mining
laws o. Fennsylvania, consists Of the following
valuable territory, TO wit:
i. lease Of one-haif acre, known as nNo 81
on the Tcnney and Storrow purchase. on Cherry
Run. Nenango county, Pa, just above the celebra-
ted Reed well and within stones throw of A
we'll just struck, flowing at present 100 barrels Del
day. new derrick erected upon the lot. One
half the oil to the company.
Q. A lease Of one half acre, In close proximity to
the above, known as ''No. g., on the Tennev and
Storrow purchase on Cherry Run. New derrick
erected upon the lot. One half the oil to the com
pany.
3. The refusal for sixty days, Of lease on su-
gar Creek, of two Of ground; five-eighths Of
the oil TO the company.
4. Seven acres In fee simple on the waters Of
Ritchey Run, one mile from is junction with the
Allegheny, about the same distance from the Fox
and Widel well, owned by tile "Stump Island Oil
Company Allfat, b0reabfe territory, at present
under cultivation, with good frame house upon
it.
5. Three acres i'm fee simple on the Allegheny
river, just below the mouth Of the Clarion river.
There is room ON this tract for half dozen wells
The Allegheny and Clarion River Oil Compa-
ny" of Philadelphia, are sinking several wells
Immediately opposite this property, with excel
lent prospects of success.
In presenting the above basis to the public ii is
confidently believed that it cannot be exeelled by
that of any other company yet organized. The
two leases on Cherry Run are themselves worth
more than the territories Of many companies
which profess TO be based upon q million capital.
The Cherry Run region has proved to be the sur
est oil-producing territory yet discovered Nine
tenths of the wells bored this stream have been
successful. The great Creed" well, flowing 375
barrels per day, the "M0untan" wen flowing 400,
and in fact nearly all of the large wells yet struck
are located on Cherry Run.
1t is proposed to sell sufficient number of
shares to pay for the territory and to raise work
ing capital for its development at the low price of
tIueatg-re cents per share, tas placing ecerg sub
scriber to this fund Ate ground -four, md qir-
ing each subscriber pro interest IN the ter
rftorg, engines, and other property Of the company,
as well as the shares Of stock remaining unsold
after the purchase money and working capital are
raised. From the nature Of the leases boring up
on them must be commenced within sixty days
from the Goth of April, 1865, which is a sufficient
guaranty that the company will proceed without
delay to the development of its territory.
The following named persons haue been elected
officers of the company.
PRESIDENT. B. FARQUHAR.
Secretary and Treasurer-JAC0B REED.
DIRECTORS:
VIM. Masters, B. r. Meyers,
III. I. Smith, J. NJ. Shoemaker,
j. III. Sehell, n. ID. Beegle.
Persons desiring to secure Stock in this Co.npa-
ny will please call Immediately on any one Of the
above officers. APPS