Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1865-04-07
FT1HE STUMP ISLAND OIL COMPANY.
CAPITAL $I2O, 900.
Development Fund S2I, 900
I2O, 900 shares, par value $1

No certificates of stock to be issued to the cor
porators until 2l O00 shall have been sold fer the
benefit of all the stockholders, in the further devel-
opment of the Company property
PRESIDENT,
VIM HARTLEY, Bedford, Pa.
SECRETARY TREASURER,
Hon. S. L. RUSSELL, Bedford, Pa.
DIREcToRs,
Hon. 7. B. SHANNON, NJ. c., California.
WD. McKINsrRY, Mereersburg, Pa.
Hon. SAMUEL DAVIS, Bedford, Pa
]. NJ. SHOEMAKER,
G. w. RUPP,
The property of this company is all owned in
fee simple and is all paid for, and consists of the
following tracts: 1st That valuable island, known
as the "Lower Stump Greek Island" containing 2
acres and % perches, situated in the Allegheny
river at the mouth of the Clarion river. On this
island derrick was erected in the spring of 1851,
and an engine placed on the grounds, but the war
breaking out the parties sold of and enlisted
3D. The "Upper Stump Greek Island" is stu
ate but few rods above the lower island, con-
tanning acres and 20 perches, acres Of which
owned by this company, on which are erected
house, stable, &c. Neither of these islands is liza
BILE to overflow, and both are well protected by
stone and trees against washing. By reference to
the map of Pennsylvania, it will be observed that
the Clarion river empties into the Allegheny at
point due south from Oil Creek and oil is found
at Freeport, on this line further south, we have
every reason to believe that these islands are in
the very centre of the great oil belt Of Pennsyva-
MIA. Besides all this, they lie far below the coal
measures.
The company also owns ! acre and ol perches
of land about 81 miles above the upper island, at
the mouth Of Ritchey Run, near the town OF EN-
lenton, Venango Co., Pa upon which is the cell
ebrated Fox and WideI well, with new engine,
derrick, building, de-, &C., and well bored to the
depth of 42O feet This well was tubed at $50
feet and in a few hours pumping yielded about
one barrel of oil, but the proprietors determined
to sink il deeper, and the company will, as soon
as possible sink this well if necessary to the depth
of lUnO feet or more The "Stump Islands Com
pany'' ownes the trhole interest in wel fixtures
and land and "DeyeIopment Fund" will be amply
sufficient to complete this well and sink others in
the islands There is besides, room enough
on the Ritehey Run tract for several more wells.
The property owned by this company Is all
practical boring territory, and persons acquainted
with the lands along the Allegheny and other oil
streams will bear testimony that We have more
practical boring surface than many of the $50
acre tracts contain
In addition to this our basis viii compare favor
rably, with the large majority of Companies, whose
Capital stock is five times as great.
The services Of an efficient Superintendent have
been obtained and the Directors are determined
to prosecute operations vigorously.
Persons desirous Of securing portion OF the
81 900 shares of stock, must apply asoon, to Hon.
S. L. Russell Bedford Penn'a.; at whose otice
subscription books have been opened for the sale
of Stocks, at $l.00 per share.
Feb. 10, 1865.