Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1865-06-09
n.1IfI L!0!eRAT:
- A0OOoMs $500.
- 5G 80 iii''' 81 'filiFk'
T31cAT IL sat
6sUNooo,o 900 n Oh ssss.'
an1 over one ThouS
COmpanies'
al p,srL srsC'<s Paw i l
seamrneu i'm vll9e 9 Lay IE!.sO'
t'st's:'S:: i; ;S ;ssSSST! '''s'
-. erPstrslss0 n1an1s-e'
-.eeac anA RoseaGn Co.
oanpeaon.


,r.om Ne Nsw York Commercial Advsfs'sef.l
what n The commercial importance Of
,etroleumi The trade has sudaeply sprung
10 IN the midst Of the war excitement and
cid % many absofbing events, " have
SCARCELY found oppoetuniky % ge&e - q.
Ineutions. or nots IL progress. We take IL
for grunted that this discovery ofs new
SOURCE Of subtssransan wealth 10 no mere
sphemsral development.
There q nov 10 question in The mind Of
sciutific Analysis. whsthes the product u
co-sxtsnsive With the imunsnss coal hsids Of
he continent. noe that its production 10 CO.
ovAl With That Of the easbonifsroue lorna
tion. Il sesms obvious hat, with such IN
extent Of resource, the supply must oeas .
fsla&ien With mans reqoiremenes for areane'
~ light, similar " thA4 which the eoss beoa
bear 70 his wants 5oefusl. There y NO one
peoduce that nature has provided for mans
oemeoet which mankind, through al IL
eesnelsss esnaations, hes yst been able e
eahanst; and this 10 tsus d those subter
Fansan resources, Tie supply Of which ap
pom 10 b nxsd aud nom progressivs. - Y
4 q ~ vegetable and animal products. tn
supply Of which 10 being ever renewed by
reproduction and vegetation.
The question In this -cass appears to b
not % much whether the supply IL natuf
.al1y unlimited, or whether it 10 practically
A9ltsd. This problem Is in course Of STEADY
solution. The deposit 10 no longer suPpos
ID % underlie the region Of the AlleEhanl
exclusively, nor even principally. Every
where on tho continent, where petroleum
has shown itself on the surface, boring ha'
hesn commenced, and these operations ~
furnish the data upon which scicntIfic o.
oorvations will ultimately be enabled 70 uc'
toeuins the course and limit Of this SUPPER
ranesu fluid. and whether it exists IN iolm
oflakes. rivers or oceans. Past operations
win serve - the landmarks Of discovery
from which tho geologist will ere long map
out tho whole petroleum region Of the cont
nent. rendering oil boring no moro specu-
lation than the mining Of coal, iron or cop
Der. Geology has never had brought under
IL consideration question Of greater prac.
teal importance than that Of the source and
extent or the petroleum deposit, and when
IL shall have achieved solution Of tho pro-
blem, the world will witness splendid evil
dence Of the obligations Of commerce TO
scientific research.
The oil capitalists. At present, can pursue
no course but to gropc their way. They
bore where they find supposed evidences Of
tbs existence Of oil, and care little for mere
theories about its existence elsewhere. The
facts connected with their operations, how
ever, will furnish the gsologist with the
means Of determining under what condi.
lions the oil 10 found to exist, and whore
and to what depth we may bore for it, there
by rendering the oil trade much less mat
tsr Of vague speculation than Il has been
hitherto.
CAPITAL IN PETROLEUM.
Il il not Difficult. to make proximate es.
innate Of the amount Of capital represented
by the petroleum interest; for the business
10 conducted almost exclusively by compa-
nies, the particulars Of whose capital are
generally made public. The amount ofcap-
ital stock issued by the respective compa-
nies varies from $1,000 to $1O,OOO,0OO. At
tho close Of March, the amount Of par CAPT
tai Of the companies in the several cities
where the trade has centred, was As fol-
lows: