Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1865-06-09

TH.E

DAVENPORT { OIL CREEK
PETROLEUM CO.,
venango County. Renn.
Property Of the Company. vensngo Co., Penn.
Office Of the Company, Davenport, Iowa.
Orga.sssd undsr tie .arsI Of the State Of loDs.
CAPITAL STOCK, slse,ese.
Divided into Is, 900 shares Of elo each. S5o. ooc
reserved for Working Capital.
OAcers,.
Hon. JOHN L. DAVIES, President, Davenport,
Taos4s scOrr, Treasurer. Davenport. Iowa
Il. N. JACKSON and Jssss wEILss, Superinten-
dents at the Works, Titusville, Pa
5 5saa Il w! S1s..i'' D''.aS IL s d.
Jerry c. Conklin, do do
Howard Darlington, do do n;....
Geo. w. Kepner, do do
James ATmStTOng, 10 10
Jas. b. Edmonds Iowa City. d.
u. NJ. Conklin, indianapolis, Ind,
Property:
The Company's property consists of the Ee
Simple Of the valuable kerr or Thompson
Farm" containing one hundred and nine i1O9)
acres, more or less, situated in the heart Of the
Oil 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 TitusvIle to Pleasanton, two miles
distant from the former place. This proper " ad-
joins the lands of the Etna 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, q 200.
on which are several productive wells in opera
ton and more being bored. The celebrated
Drake well, the first ever sunk on OH Greek, il
Kingsland Parker Company. on which any
barrel flowing we'll has just been struck, and the
Watson and Pennsy lvania Oil Greek Companies,
Of Philadelphia, are in its immediate neigbbor-
hood, this latter Company, Pennsylvania Oil
justly celebrated Watson Flats, il the Oldest
Company In this region, and il now amply repay
ing The stockholders for their patient labor end
liberal expenditure, in the steady yield from the
Continental, U. 8. Grant and other nns wells.
all of which are almost in sight Of the tract herein
Thompson Run" traverses the whole length
Of the property through the center. On the
'Run" above and beyond this property several
Pittsburgh Companies ere now sinking wells, %
that it is completely surrounded By evidences Of
large production Of oil, soon 10 b. developed
and realized. This tract comprises large pro-
portion Of low ground, and 10 capable Of being
bored in very many places.
RenarlxS.
The past year has proved beyond al doubt, and
to the most skepticaf mind, that We are to have .
steady yield of this valuable staple-Petroleum
valuable not only - IN article Of large domestic
consumption, but ~ IN article for which there 10
port demand therefore . Company formed on
safe aad reliable basis Ia il clsimed this CON-
pany is) having in fee such tract of land o the
'Kerr Farm, the development OF which, being
pushed rapidly and energetically forward, cannot
fail Of ultimate success, and Of being profitable
inve stment 70 its Stockholders
Leases can Be effected with parties who will
contract to sink wells without expense to the
Company, giving the Company . royalty or
share Of the Oil produced; but % valuable i the
location and 20 6attering the prospects Of sue
cess, that the Directors have resolved to sinKf
the entire product that may BE- obtained.
With this object they have authorised the sale
of . few thousand shares only, which are here
with open to subscription.
NO company M Oeen JOfme0 ON more SoO-
stantal basis. THR STOCK - not wASxRnD; RI
HOLDERS WftL STAND on Az RQuAL Vo0fM0. The
shares viii be sold ON the only correct principle
viz at sksjr par calvs Lastly, there u - lit
lie Of t. that even ten barrel well will pay reg
ular monthly dividends. With common success
its price should reseh very high figures q IN
early date. Az there ID room Tor fve hundred
wells on the Kerr Farm, the Trustees Confidently
expect handsome and immediate returns.
lSs6sariptios Books, for tks sale Of ~ Stoek ~
serred ~ Working CaPitel, srs opesed for . I'm
jted pssod, ct fAs cNese/
JOWN L. 0Vv1T9 = CO.,
--onAe R:.l~lfs. NIT nav>~~rsA f~~pn