Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1865-05-19
OREAT SUCCESS
VI OF THE
Bedford County Mutual Oil Company.
OUer 10000 Shares AIreGdy SOtd.
Capital $50, 900.
Par Value of Shares. 81. 90.
No FaVOritism Every Subscriber on the
Ground Floor.

The property ef 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 as "No. g.
on the Tenney and Storrow purchase, on Cherry
Run, Venango county, Pa, just above the eelebra-
ted "Reed'' well and within a stones throw Of
well just struck flowing at present 100 barrels per
day. new derrick erected upon the lot. One
half the oil to the company.
2. lease Of one half acre. in close proximity TO
| the above, known as "No. g." on the Tenney and
storrow purchase on Cherry Run. New derrick
erected upon the lot. One half the oil to the com
pany.
3. 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
and Wide well, owned by the "Stump Island Oil
Company" AllHat, 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 this tract for half dozen wells.
The "Allegheny and Clarion River Oil Compa-
N.Y." of Philadelphia now 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-producing territory yet discovered. Nine
tenths oftbe wells bored on this stream have been
successful. The great Creed" 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
toeng fire cents per share, thus placing euerg sub.
scriber to this fund the ground -four, aud gic-
ing each subscriber pro rata interest ia the ter
ritory, engines, and other property of the company
as well the shares Of stock remaining unsolC
after the purchase money and working capital ar,
raised. From the nature of the leases boring up
on them must be commenced within sixty dayt
from the 10th Of April, 1865, which is a suffeien
guaranty that the company will proceed withou
, delay to the development of its territory
The following named persons hsue been elected
! officers OF the company.
President. B. FARQUHAR
Secretary and Treasurer-JAC0B REED.
DIRECTORS:
VIM. Masters, B. F. Meyers
II. 4. smith, j. NJ Shoemaker,
J. H. schell, F. d. Beegle
Persons desiring to secure Stock in this Compa
ny viii please call Immediately on any one Of thu
above officers. ap2S