The Jeffersonian. [volume] (Stroudsburg, Pa.) 1853-1911, 1865-02-23

geo. ). JONES, A. REEVES JACKSON,
l.. w. BRoDHEAD.
Ihis Company owns i'll fee simple seven
ty-seven and three-tenths acres on the East
side OF the Allegheny River, in Rockland
township, Venango County, Pennsylvania.
IL Is situated five miles below the town of
Franklin, opposite the mouth of the West
Sandy Creek, and has frontage of 10 rods
on the river. 1t is but 4 short distance be-
low the celebrated Hoover well which is
yielding 200 barrels of oil daily. Other
yielding wells surround it in every direction
and within the past few weeks two new
wells have been struck in the Immediate
neighborhood, one of which is producing dali
ly 30 barrels of heavy lubrcating oil, WORTH
at the we'll $50 per barrel.
A fine vien of Bituminous coal, easily ac-
cessible, is on part of the land, and in view
of the enormously high price of coal in that
region, is an important consideration, and
will enable the company not only to supply
It's own wants in that respect but TO derive
an income from its sale TO others.
The adjoining properties are in the hands
of good and prosperouS.sompanies, all in sue
one company has started out with better
prospects for paying large and regular month
ly dividends.
This Company intend developing their land
without the least delay, ard for this purpose
have arranged for the necessary engines,
tools, tubing, &C., all of which will be put
upon the ground and in operation as soon as
the season will permit.
In addition to their own wells, the COM
pany also propose 10 lease to responsible par
ties portions Of their land divided into lots of
10 square rods each, at rent of one half
the oil, the Company to be at no eTpense
,ohatecer. They will have at least fifty
such lots to lease, all these lots can lie leased
at once if deemed expedient, with covenants
binding lessees to sink wells with all posi-.
Bile despatch to the depth of five hundred or
more feet. Estimating, only one well to
each lot, fifty wells, at the very moderate
average of ten barrels each, would make
daily product of 500 barrels, of this the
Company's share would be $50 barrels.
Value of daily yield to the Company at
$50 per Barrei, $500.
Allowing $50 working days to the year. the
Conpany's annual net receipts from leases
alone would be 81. .S15 OOO
The Company also intend sinking on their
own account, at least five wells Should
they be successful with only one. it would
produce, estimating as above, yearly in
come OF s 75.OOO
From which deduct for expenses
Ga large estimate) $1,000
And leaves an annual net income of 6OOOO
To which add income from leases ,S75.O .OOt
Making yearly income of sI,935, 900
This is thought by those who are acquaint.
ed with this locality, to be moderate esti-
mate, and yet it is easy to see that even this
amount of success would make the property
of the Company in value, almost Surpass be-
lief
The durability of this immediate oil section
is illustrated by the fact that wells above and
below this property have been pumping over
four years, with steady yield, and without
any dminution.
A Few PLAIN WORDS TO SUBSCRIBERS.
Subscribers to the stock of this Company
cannot expect 10 receive immediateIy large
monthly dividends; if they were able to do
so they could not purchase it for ten times
the amount at which it is offered. But the
basis on which the Company rests, will, it is
believed, make the investment entirely safe,
and, prospectively, Of enormous rclue.
The President, Col. E. NJ. Davis. formerly
Of Franklin, Veuango County, is we'll known
rs one Of the most successful and energetic
business men who have engaged in the Pc
-roleum interest, and the responsibility aud
integrity Of the other officers and Directors
Of the Company, furnish sufficient guaran-
~ that their conduct of the business
If the Company will be entitled to the
confidence and approval Of all who may
invest in the enterprise.
The Directors have determined to sell on
y limited amount of the Capital Stock at
he subscription price of - per share, par
'aIue So, the same being full paid up stock,
lot liable to any further assessment, in which
espects the original subscribers, and those
who may now subscribe, stand OF precisely
he same footing.
Subscriptions will be received at the Office
# the Company, 22i South Fourth ST., Phil
Idelphia, or at the office of the undersigned.
A. REEVES JACKSON
Subscription Agent.
'troudsburg, Feb. 16, 1865.