Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1865-01-27

\
Hon. JOHN ROWE, President
| J. SIMPSON AFRICA, Secretary and Treasurer.
DIRECTORS:
W. S. FLETCHER, McConnellsburg. Pa
JOHN RowE. Greencastle, Pa.
Z. BENEDICT Bedford, Pa.
]. II. SEYsouR, Hagerstown, Nd.
]. c. EvERHART, Martinsburg, Pa
| JOHN J. ScHELL Somerset Pa.
G. P. RANsDELL, Oil City, Pa
The property of this Company consists Of 200 acres OF
land, in fee simple situated the west side Of the ALE
gheny river short distance above The mouth Of Scrub
Grass Creek in Scrub Grass Township Venango county
Pa. 1t has frontage along the river Of mile with
good boring surface for the whole distance. Two good
oil wells in operation the east side of the river
Immediately opposite the property of the Co.
The following in regard adjoining tract is taken
from editorial in the Philadelphia Price Carreat
December II
The geological relation Of this property to Oil Creek
such that the oil bearing strata, which supply the wells
the Middle Section of Oil Creek (from the Washington
McClintoek Farm the north to the Buchanan the
South pass under this propery the range Of the
strata certainly bringing the two localities into this mutu
al relation. Other data, obtained from investigation
Of the conformation of the ground, and the underlying
rocks, lead TO the conclusion, viz that the main
belt of oil which extends down from the north northeast
and supplies the wells the Washington, McChntock
Egbert, Stone Tar, and Buchanan Farms sweeps down
still farther the south southwest direction cor
responding with and controlled by the inclination Of the
strata and underies this property II is well ascertain
ed by the testimony Of aged and respectable residents that
the Indians years ago. gathered oil from the surface
the ravines this property and used it for rheumatic a
fectons.
In later times the teamsers of Bullion Iron Furnace,
gathered and used the oil for the pupoe Of applying to
gals and bruises their horses Oils for years
exude at number Of places; among Others the root
Of an old stump the bank Of the Allegheny river and
in the rayine alluded to.
few years ago the then owners of the tract with one
fyvoo NJ aTo
the old stump The FIRST vein of oil was struck at the
depth Of 2s6 feet and the second at 400 feet experien
eed mas from Oil Creek employed to tube the WELL
which produced stream ofoi three quarters of Inch
in diameter. The Of the well, satisfied with
its production, pulled out the chamber, and drilled
feet deeper, when they struck salt water in large
quantities and of great strength Believing that the man
ufaeture of salt would, at the time yield them better
profit they arranged their seed bags in the we'll so as t.
enable them exclude the oil and pump the water
Still oil was pumped along with the water in such quan
titles gather upon the top Of the water-tank from
whence it collected, barreled and sold"
There every therefore, believe that the
pery of the Company is rich in its supplies of OIL The
inclination OF the Strata proves coneusvey that those
supplies Of oil Oil Creek have higher leceE than the
obearng rocks this property; and that consequently
the supply win be permanent than that of Oil Creek
ITSELF The large extent Of boring territory equal to that
of half dozen companies Oil Greek, bOa-landng on
the Farm with the advantage of navigable for
the transportation of OIL and the certainty of the exis
tenee OF large quantities of coal upon the tract makes the
property of inealeuIable value.
The Company about preparing to sink several wells
and confidently expect the early development OF oil in
paying quantities.
The plan of organization adopted by the Company
mend itself to public approval from the fact that places
no fictitious value upon its stock but confines the sale of
shares strictly to their par value.
limited number of Shares can be had by applying to
the following named gentlemen:
F. Benedict, Bedford, Pa.
Jacob Reed, "
B. T. Meyers, /"
J Henry seheli, schelsburg, Bedford County Pa.
James Lowther, Altoona, Blair County, Pa
SIS Barr, Hollidaysburg, Pa.
G.. W. Asheom, Hopewell, Pa
/. H. KanSler, Hagerstown Nd.
s. II. Prather Co., Greencastle, Pa.
J. Hostetter 4 Co., - {"
J. J. Phillips, Waynesboro, "
John S. Miller Huntingdon,
Samuel Henry, !"
W. d. McKinstry, Merccrsburg
And at the ONCE af the Company, No 4s5 Walnut ST.,
hiladelphia.
dec.23,'6 '64