Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1865-06-16
#GREAT SUCCESS
IL on THE
Bedford County Mutual Oil Company.
Deer 10000 shares AsreGdy Sotf.
CapItHI St0ck.....-...,
Par Value of Shares...........-.-........S
No FavoriffsEn. Every Subscriber en- 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. lease Of one-haif acre, known ono. .,
on the Tenney and Storrow purchase on Cherry
Run, Venango county, Pa, just above the celebra-
ted "Reed'' we'll and within stones throw Of o
well just struck, flowing at present 100 barrels per
day new derrick erected upon the lot. One
half the oil 10 the company.
g. lease Of one half acre, in close proximity TO
the above, known as mo 8, on the Tenney and
Storrow purchase on Cherry Run. New derrick
erected upon the lot. One half the oil to the com
| pany.
B. The refusal for sixty days, Of a lease on su-
gar Creek, of two acres of ground; hye-eighths Of
| the oil to the company.
e. Seyen 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
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 fee 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 are now sinking several wells
Immediately opposite this property, with excel
| lent prospects of success.
In presenting the above basis to the public, It'll
/ confidently believed that il 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
i which profess to be based upon million capital
| The Cherry Run region has proved to be the sur
est oil-producing territory yet discovered. Nine
tenths ofthe wells bored on this stream have been
successful The great Creed" well, flowing 3T5
barrels per day, the Mountain" well flowing 400
and in fact nearly all of the large wells yet struck
are located on Cherry Run.
II is proposed to sell a sufficient number Of
shares to pay for the territory and to raise work
ing capital for its development, at the low price Of
tceatg Zee cents per share, thus placing erery sub
seriber to this find the ground; -four, and gle.
ing each subscriber pro rata interest IN the ter
rtfory, engiHes and other property Of the company
| as well as the shares of stock remaining unsoiC
after the purchase money and working capital arr
raised From the nature of the leases boring up
| on them must be commenced within sixty day
from the goth OF April, 1865, which is a sufieien
guaranty that the company viii proceed withou
delay to the development Of its territory.
The following named persons haue been eieete'
| officers of the company.
President. B. FARQUHAR.
Secretary and Treasurer-JAC0B REED.
DIRECTORS:
Vim. Masters, B. i. Meyers,
H. T. Smith J. NJ Shoemaker,
J. Fl. Schell, Il. d. Beegle
Persons desiring to secure Stock in this Compa
| ny viii please call Immediately on any one of tn