The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1865-01-12
MISCELLANEOUS.

PEIhULEUM GUM I,
- pTrFrss OF BOSTON, vyV
Organized Under the Laws of Massachusetts.
PnrsrDrsr-EDwARD C. BATES.
TREAsuRER-JAMES q. CLAPP.
Directors.
FRANKLIN. HAVEN, JR., - n. W. SEARS,
WILLIAM LINCOLN, F. r. SMITH,
D. NJ. YEoMANs, J. II. cLAPP, -
&c Rates. NA q Il -
Capital, OBSERVATION-DISCLOSURES. y46O,OOO
Number of Shares. 10000
an rae n m Il en- 4. .,............. 500
The Directors of this Company take pleasure in
presenting to the capitalists and the public of New
England chance to invest in . Petroleum stock
that offers Immediate returns as well as future
poets Of realizing an income that will amply reward
such investments. - - w
/ YTAs Property Of he oompany Consists n Y.
ist- Of perpetual lease offvs and one-halfacre
Of land with zine, fixtures and buildings being
part of the Miller Farm, about five miles below IT,
tusvllle, on Oil Creek. at the mouth of Hemlock
Run.
The OIL Creek Railroad runs directly through this
fu ly one dollar per barre, there ing no caring.
No finer boring rritoryi being found the whole
sugth of OIL Greek than on this section. On this
land there ID one well new producing eixty barrels
of Oil per day. worth at the well twenty dollars per
barrel.
This well being one, we have every prospect
Of Ire increasing to much larger yield, as most OF
the pumping wells the creek have oone hereto
fore. For this well alone the Company are now Of
fered Sl75 600 cash. We have also this track room
for at least ten wells. One well will be put
down immed ately upon the arrival of the engine
and tools which the company already own.
Mach better results expected from this terri
tory than already obtained when shah have sunk
the other we'll almost every well sunk in this vi
cinity has be emineotly successiul for instance,
the Noble Weil,s only three miles below us, with
surface Indications inferiorto ours when the oil was
struck flowed two thousand barre day for year,
and its crtnna 70 possessors became millionai.es-
Now our chance of striking ssimlar deposits reat
ly superior being nearer the cen er of the OF
Basin Should well of this kind be struck at TIE
present price CT OIL it wond yield income of S2
900 per day, or over 81, coo zoo per annum. Thi.
woua indeed be prize; and facts show that it is MOI
all chime ical for 1t has been done In our neighbcr
hood. and we DC not see why chance ia not good
or doing the same thing. -
No. g. Fee simple of two hundred and sixty five
acres Of land an Oil Creek and Spring Bun, six
miles from Ttusville, large portion of which d
boring territory, and from face indications
have every reason to believe that this will prove
equally as valusbls as land below 5Iitusviue. Par
ties are sinking weson Land adjoining US wi h very
90. isfacter1 resuits.lli9
No. a. Twenty -four acres of flats ru ming across
the south end of Morgan Jennings farm. say two
miles north of Coopeistown. Forty years lease, re
corded Nine-tenths Of oil on first i've acres, three
fonrths of oil residue. One derrick ups Proprie
tor pays all tas es, making it better than decd
Rochester firm, Messrs nughes, Crane Co, hav'
similar lease seross north end Of this farm,spd ar
improvfhgit with the grestest energy.
III land was very carefu seiec Led last Angus
by most experienced expert and unsurpas:e ed OIL
the Creek. The oil is heavy lubricating OIL sell
ing at the wells for twenty Ave dollars per barrel
and from the superior location of this property, to
gether with q large amount of money now develop
ing inthis locality, the company most conscientious
ly deem this tract OF very great value. 1t is in al
rect range with the celebrated Tarr Farm, ant
every foot of the territory is excellent boring land
while It's proximity to the market renders it OF en-
HANGED value. g9ATEksa 5fJl A6D
No. 4. Fee simple of one hundred and thirty acre
ON Mosquito Creek in Mecca, Ohio, ON which W
have three wells in operation, yielding about fou
barrels per day oftheyery finest lubricating oil ii
the world brins ing readily any dollars per barre
at the well. sixty dol airs in Eastern Market
Rsspousible parties stand ready to take allthe q
raised asthat price, These welis areover four year
old and it is expected when we shall have q ne,
well down. We all get at least o fps-barrsl well
One well is nearly TO oil depth and in the cours
3 of thirty days will be producing, No well was eve
sunk on this territory that was not paying ons.-
Tni, oil is found depth of sixty fvs feet, whic
enables us to sink wells at q slighl expense.
i The Phillips Oh Company are shaking wells q
land adjoining us at q greater DEPTH with ever
show of getting flowing orlargs pumping wells.
On this property we have two large houses, ne'
barns, Fofice, oh refinery Jour first class engfne
pumps, tubing, teams and everything complete 70
carrying large oil business. Plenty of the be.
Of hard wood growing on this property enables
get our fuel at cost of cutting and hauling, as q
our engines burn wood alone. Splendid timber f.
slaves and other purpos is found in great quaint
ties. en- Hq saa4oat p eng ~ ~. & 80
The Directors feel in putting this stock upon Ii
Market they are holding out sureand better Undue,
ments to subscribers than has heretofore teen ofe
cd; for, while thee are wells in &C ual operation
oil enough to pay immediate dividends OF at lea
4 wo per cent. month, as the yield noic amounts
WV pCki oay VI UAlVuvV poE uunumt th0fo u
alsofuture prosp unsurpassed by any other Con
pAny IN having plentyof territory develop
cd lands, and plenty OF land sNhers the excitemeI
has but late reached. which enables us TO deri,
benefit both from old and new territory, ana Q
which tls develop will be vigorously pu he
We would close this prospectus by stating that II
Company Is entirely New England enter. ris
ma 1aged by well known par les. some of tht m
&c at experience in the Pet oleum business. Su
. scrphon books viii be found with a. at1ri aga 8
Messrs II. CLAPP& Co., Bankers 81 State St.
.,f,sa &c. BATES, Esq. Merchants Row. q Z
Messrs. WIN. LINCOLN & Co. 10 Central st. oii
-ioeMessrs. e. q r. W SEARS. l04 State st. q sal
Since the above was written we have received a
vices that one of the new wells on the Mecca pr -,
ty has reached oil, and now yields twenty barre
per day. -Assoon as the tubing is put down il Vi
, probab greatly increase. ft4Aya
8 Subscription Books, for limited number of Shar
will beopeu at the offices Of J, c. PpooToR, ESQ
n nj II