Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1865-04-21
THE STUMP ISLAND OIL COMPANY.
SH2O,OOO
Development Fund S2I.O 200
|i2O. 900 shares. par value 81


Il No certificates Of stock to be issnxd to the cor.
porators until LOCO shall haze beeA sold for The
bencit Of al the stockholders, in the szther degel
&opment Of the Company property.
PRESIDENT,
q WM. HARTLEY, Bedford, Pa.
A SECRETARY TREASURES,
II Hon. S. L. RUSSELL, Bedford, Pa.
Il DIRECTORS,
Hon. Il. B. SHANNON, NJ. c. California.
4 W. D.. McKISsTRY, Mercersburg, Pa.
N Hon. SAMUEL DAVIS, Bedford, Pa.
III j.. M. SHOEMAKER,
II g. w. RUPP,
n The property Of this company is all owned in
ee simple and is all paid for, and consists Of the
Following tracts: lst. That valuable island, known
#as the "Lower Stump Greek Island" containing Q
#aeres and 93 perches, situated in the Allegheny
3riyer, at the mouth Of the Clarion river. On this
asland derrick was erected in tbEspring Of 1851,
sand an engine placed on the grounds, but the war
abreaking ont, the parties sold off and enlisted
"A 3D. The Clipper Stump Greek Island.y is situ-
#ate but few rods above the lower island, con-
Ntaining A acres and 20 perches 4 acres Of which
fare owned by this company, on which ere ereeta5
"a house, stable, DC Neither Of these islands Is la
Isble 10 overflow, and both are well protected bv
s4stone and trees against washing. BY reference /,
the map of Pennsylvania, it will be observed tha.
g8the Clarion river empties into the Allegheny al a
8point due south from Oil Creek and as oil is found
aat Freeport, this line further south, we have
seyery reason to believe that these islands are in
he very centre Of the great oil belt of Pennsylya
ania. Besides all this, they lie far below the coal
I%measures.
II The company also owns l acre and 6l perches
3of land about 81 miles above the upper island. Al
lithe mouth. of Ritchey Run, near the town Of En-.
#lenton, Venango Co., Pa, upon which is the eel
Aebrated Fox ard Widel well, with new enppa
aderrick building, &C.. &c., and well bored to a.
depth of 420 feet This well was tubed at an
fleet, and in a few hours pumping yielded about
+ one barrel of oil, but the proprietors determined
Ito sink it deeper and the company will as soon
possible sink this well if necessary 10 the deUb
#of 1000 feet or more. The "Stump Islands Com.
9pany" ownes the ighoie interest in well, fixtures
.3and land, and Development Fund" viii be aaply
sufeient TO complete this well and sink Others in
1.-THE Islands. There is besides, room enough
non the Ritchey Run tract for several more wells
IN The property owned by this company is all
9with the lands along the Allegheny and other oil
STREAMS, will bear testimony that we have more
practical boring surface than many of the 800
sSacre tracts contain
# In addition to this, our basis viii compare favor
rably with the large majority Of Companies, whose
$Capital stock is FIVE times great.
81 The services of an efficient Superintendent have
&been obtained, and the Directors are determined
ITO prosecute operations vigorously.
A Persons desirous of securing a portion Of the
&2l, 600 shares Of stock, must apply Esoon, TO Hon
rs. L. Russell, Bedford Penna. at whose Office
subscription books have been opened for the sale
s of Stocks, at Sl.00 per share.
a Feb. 10, 1865.