Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1865-06-17

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PETROLEUM | CO.
u. vs.a.se C...ty. Psan.
Property Of the Conpany, venase. Co.. P,.,.
Pee q NE Company, Davenpsst, Iowa
otgsa.s's s.1v a. Ls~s y u. SET. y 49,.
CAPITAL. STOCK. slss,ese.
Divided into II, 900 shares Of 90 each. ase.ooo
reserved for Working Capital.
O0cersh
Hon. JOHN L. DAVIES, President, Davenport.
Jown.
T.o.is s s Treasurer. Dav.npors. lows.
r. n. Jackson and JsssE WslLsn, Superinten.
dents q the Works, fitusville, RI.
yoha Z Davies, Davenport, Ia,
!esse Weller. do do
Geo. " Kepner. do do Directors.
James Armstrong. do. do
Jas. Is. Edmonds, Iowa CITY. d,
d. N. Conklin, Indianapolis, Ind,
Rr0pertys
Inc Company property consists Of the re
6tmpls Of the valuable Kerr or Thompson
farm, containing one hundred and nine ilOsl
ecfes more or less, situated in the heart Of the
Oh region, Venango county, Peunsylvania on
East Oil Greek, about one quarter mile above its
junction with Oil Creek proper, and on the road
lending from Titusville 10 Peasanton two miles
aiasant from The former place. This property id.
!oins the lands Of the 4Etna and Northern Light
VI Companies, on which DEVELOPMENTS are being
rapidly pushed forward with every prospect ~
success and is opposite the lands Of the Guild
Farm Oil Company. of New York. the stock az
which was quoted in Ne~ York, May nth. 1t 900.
on which are several productive wells in opera.
ton and more being bored The celebrated
Dfake well the first ever sunk on Oil Greek, ID
put mile from this property. The lands Of the
Ningslsnd Parker Company. on which q fifty
barrel flowing well has just been struck, and the
watson and Pennsylvania Oil Greek Companies,
OF rhiiadelPhis, are in its immediate neighbor-
hood, this latter Company. (Pennsylvan Oil
Creek situated on the now widely known and
Justly celebrated Watson Flats is the Oldest
company IN this region, and is now amply repay
Ing the stockholders for their patient labor and
liberal expenditure, in the steady yield from the
y
alt Of which are almost in sight Of the tract herein
described. A fine stream Of water called
''Thompsons Rum traverses the whole length
Of the property through the center. On the
''Run" above and beyond this property several
Pittsburgh Companies are now sinking wells, 30
that it is completely surrounded by evidences Of
large production Of oil, soon TO be developed
aud realized. This tract comprises large pro-
portion Of low ground. and is capable Of being
bored in very many places.
Remarks.
The past year has proved beyond oil doubt, and
to the most skepticsl mind, that we are to have
steady yield Of this valuable staple-Petroleum;
valuable not only as an article Of large domestic
consumption, but as an article for which there is
already an immense and steadily increasing ex
port demand; therefore Company fOi med on
safe and reliable basis las is claimed this Com
pany Isl having in fee such Q 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
investment 10 its stockholders.
Leases can be effected with parties who will
contract TO sink wells without expense to the
Company, giving the Company n royalty or
share OF the Oil produced; but 50 valuable Is the
location and Aattering the prospects Of sue
cess, that the Directors have resolved to sink
wells on the Company's account. thus securing
the entire product that may be obtained.
With this object they have authorized the sale
Of few thousand shares only, which are here
with open TO subscription.
No Company has been formed on a more sub
stantial basis. The STOCK Is NOT wAf9RKD; ITS
HOLDERS WILL STAND OK AN EQUAL FOOTING. The
shares will be sold on the only correct principle
viz at their par vaiMe. Lastly, there is so lit.
tie Of It, that even ten barrel well will pay reg.
ular monshly dividends. With common SUCCESS
its price should rescl very high figures 1t an
early date. A there is room fbr Eve hundred
wells on the Kerr Farm, the Trustees confidently
expect handsome and immediate returns.
Subscription Books, for the safe Of the Stock re-
ssrred as Working Capital, ore opened for linn
tied pe,.od at the Office Of
JOHN l.. 1vV1TS Z CO.,
my2otf NckolPs Block, Davenport, lows.