Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1865-07-21
GREAT SUCCESS
~ or THE
Bedford County Mutual Oil Company
NO FayOrtfIsm. Every subscraber on the
Ground Floor.


The property Of the above named company,
which is about being organized under the mining
laws of Pennsylvania, consists Of the following
valuable territory, to wit:
l. A lease Of one-haif acre, known as "No. g."
on the Tenney and StorroW purchase, ON Cherry
Run, Vepango county, Pa, iast above the celebra-
ted @Reed'' well and within a stones throw Of a
well just struck, flowing Mt present 100 barrels per
day. new derrick erected upon the i0ta One
half the oil 70 the company.
2 lease Of one half acre, in close proximity TO
the above, known as sfNo. 6,p on the Tenney and
Storrow purchase Cherry Run. New derrick
erected upon the lot. One half the oil to the COM
pany.
g. The refusal for sixty days, of lease on su-
gar Creek, of two acres of ground; fve-eighths of
the oil to the company.
4. Seven acres In fee simple on the waters Of
Ritchey Run, one mile from its junction with the
| Allegheny about the same distance from the Fox
i and Widel weh owned by the "Stump Island Oil
Company Allfat boreable territory, at present
under cultivation, with good frame house upon
it.
5. Three acres in fec 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-
n.y. Of Philadelphia, sinking several wells
| immediately opposite this property, with excel
/ lent prospects of success.
In presenting the above basis to the public it is
confidently believed that it cannot be excelled 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 million capital.
| The Cherry Run region has proved to be the sur
est oil-produeing territory yet discovered. Nine
tenths ofthe wells bored on this stream have been
successful. The great "Reedv WELL flowing 375
barrels per day, the Mountain" well 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
t,ceRfy- ce cent? per share thus placing erery sub
seriber to thfs find The ground -four, aud gir-
ing each smbscriber pro rata interest az The ter
ritory, engines, aud 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 mp
| on them must be commenced within sixty days
from the Goth OF April, 1855, which is sufficient
| guaranty that the company viii proceed without
4 delay to the development of its territory.
The following named persons haue been elected
officers of the company.
i President. b. FARQUHAR.
Secretary aud Treasurer-JAC0B REED.
| DIREcToRs
| VIM Masters B. r. Meyers,
1 H. T. Smith, j. NJ. Shoemaker,
j. II. Sehell, Il. ID. Beegle.
Persons desiring to secu4e Stock in this Compa
ny will please call Immediately any one of tbs
above officers. apps