Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1865-05-23

Ffl NqH Ap Prspertys IAs raii /
:. The Company's property consists Of the 81
6iapls Of the valuable "KerrN or Thsmpson
Farm coutsiniug one hundred and nine iloe)
cores, more q less, situated In thu heart Of the
Oil region, venango county, Pennsylvania, Of,
East Oil Greek. about one quarter mile above is
Junction with Oil Greek proper, and on the road
leading tFon Tisusvillstc Pisasantoa, two miles
distant from the former plaCe. This pr0psa ty Cd.
joins the lands Of the Etna and Northern Light
o. Companies, on which developments re beina
rapidly pushed forward with every prospeet 81
success; and y opposite the lands o. M 0siid
Farm Oil Compsny. Of New York. the stock Of
which VA quoted in New York, Nay 18th, Il 500,
on which are several productive wells in opera.
ton and more being bored The celebrated
Drake wen, the first ever SUNK on Oil Greek. i
but mile from this property. The isnds q "a
barrel flowing veil has just been struck, and the
Watscn and Pennsylvania OH Greek Companies.
Of FhiladeiphiA are in its immediate nefehbcr.
Hhosd, this latter Company, fPsunsylv asia Oil
Creek sieusted on thel now widely known and
justly celebrated Watson Flats, - is the oldest
% k &c si ssl 1ss s p.Sd
liberal expenditures, in The steAdy yisld from the
Continental, q. y. Gtant aud oAher ane wells.
all Of which are almost in sight Of the tract herein
described. A fine stream Of water called
Thompson Bun" trayerses the whole length
"Run" above and beyondthis property several
Pittsburgh Companies are now sinking wells, 50
that II is completely surrounded BY evidences OF
. large production Of oil, soon to be developed
and realized This tract comprises large pro-
portion Of low ground. and Is capable Of being
bored In very many plsces. ,
I-aas ff Aesamrlxs.
The past year has proved beyond oil doubt, and
to the most skepticsl mind, that We are 70 have I
steady yield Of this. valuable staple-Petroleum:
valuable not only as an article OF large domestic
consumption, but NJ an article for which there il
already ali immense and steadily increasing ex.
port demand therefore Company foi med on a
pany isl having. in fee such tract Of land as the
Kerr Farm, the development of which, being
pushed rapidly and energetically forward cannot
fail Of ultimate success and Of being profitable
inve stmept to its stockholders.
Leases can be effected with parties who will
contract TO sink wells without expense TO tho
Company giving the Company royalty or
share Of the OH produced; but valuable il tho
location and 80 isttering the prospects Of sue
cess, that the Directors have resolved to sink
wells on the CoInpany's account, thus scouting
the entire product that may be obtained. s'-
With this object they have authorised the sale
Of few thousand shares only, which are here.
with open to subscription.
No Company has been formed on more sub.
stantial basis. THE STOCK Is NOT wArgRRD: rs
HOLDERS WILL STAND on AN sQuAL yOoffxG. The
shares will be sold the only correct d inciple,
viz at their par pdlue Lastly, there is 50 lit.
tie Of it, that even ten barrel well will pay reg.
ular monthly dividends. With common success
its price should reach very high figures It an
early date Al there is room for five hundred
wells on the Kerr Farm, the Trustees contiden
expect handsome snd Immediate returns.
Subscription Books, for the safe Of the Skotk re-.
ssrred az Working Cnpisdl, are opened for . linn
tied period, at tAe cfESe or .sl .srai
.unmN evwu,r.es n rn
my2otf Nickolls Block, Davenport, Iowa.