Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1865-06-08

- E46
DAVENPORT { OIL CREEK
PETROLEUM CO.,
vsnanse County. rena. "a.
Properly Of the Company, venango Co., Penn
Office of the Oompapy. Davenport, Iowa
Organized Under the Lars. efths State Of losra
CAPITAL STOCK, slso, eco.
Divided into is, 900 shares Of $40 each. So, 90,
reserved for Working Capital.
OMcers:
Hon. JOHN L. DAVIES, President, Davenport
THOMAS scofr. Treasurer, Davenport. lows.
JoHN L. SwIfS, Secretary, do do
r. NJ. JACKSON and JEssE wsLIxR. Superinten
dents at the Works, Titusville, Pa
J Jsna II Weller l' D. Dc do
Jerry q. Conklin, do do
Howard Darlington, do do n;-.....
Geo W: Aepner, DO do
James Armstrong, do do
Jas y. Edmonds, Iowa City, d.
II. N. Conklin, Indianapolis, Ind,
PrOpertys
The Coppany's property consists Of the FL
Simple OF the valuable Kerr or Thompson
Farm" containing one hundred and nine ilOo)
acres, more or less, situated in the heart of the
Oil region, Venango county, Pennsylvania, on
East Oil Greek, about one quarter mile above its
-x:aL "a n 4
leading from Titusvillc TO Pleasanton, two miles
distanffrom the former place. This property ad-
joins the lands Of the Etna and Northern Light
OIL Companies, on which Developments are being
rapidly pushed forward with every prospect oi
success: and is opposite the lands Of the Guild
which was quoted in New York, May 18th, u 900,
on which are several productive wells in opefa-
ton and more being bored The celebrated
Drake WELL the first ever sunk on Oil Creek, 10
but mile from this property. The lgnds Of the
Kingsisnd Parker Company. on which Any
barrel flowing we'll has just been struck, and the
Watson and Pennsy lvania Oil Greek Companies,
of Philadelphia, are in its immediate ncighbor-
hood this latter Company, Pennsylvanis Oil
Creek situated on the now widely known and
Justly celebrated 'Watson Flats, lis the oldest
Company in this region, and is now amply repay.
liberal expenditure, in the steady yield from the
Continental, U. s. Grant and other fine wells,
all Of which almost in sight of the trsct herein
described. A fine stream Of wster called
''Thompson's Run" travcrses the whole length,
Of the property through the center On the
Pittsburgh Companies are now sinking wells, 90
that il il completely surrounded BY evidences Of
q large production Of oil, soon to be developed
and realized. This tract comprises large pro-
portion Of low ground and IS capable Of being
bored in very many places.
Renarks.
The past year has proved beyond all doubt. and
TO the most skeptcsl mind, that We are 10 have
steady Weld Of this valuable staple-Petroleum
valuable not only - IN article Of large domestic
but - article fos which there IL
already an immense and STEADILY increasing ex-
port demand; therefore : Company foI med on
safe and reliable basis (as 10 clsimed this Com
pany Isl having in fee such tract Of land Is the
sKerf Farm, the development Of which, being
pushed rapidly and enersetically forward, cannot
fail Of ultimate success, and Of being profitable
inve stment to its stockh0ldcrs.
Leases can be effected with pasties who will
contract to sink wells without expense - the
Company. giving the Company q. reyalty or
g ss "a ~ ss = q ns
cess. that the Directors have rssolvsd to sink
wells q he Compapy's account, thus securing
the entire product that may b. obtained
With this otjest they have authorized TIE sale
Of fsw shousaed shares only, which ere here
with opun to subscription.
No Coanvaay has been formed on . moro sub
stantial bGIiA Tns STOCK . nor wAfssoD ~
HOLDERS Wit STAND on N ROYAL FOOTING. The
shares will be soidyoa the only correct principle,
viz at ssir f0r esiG<. I,astly, there 4 % Ia
lie Of IL that even ten barrel well will pay reg
ular monthly dividends. With common success
it, prise shopId reach very high. aeures = %
early date. A. there is room for NE huldred
wells on the Kerr rafm, the Tru1Dets confidently
I xpect handsome Ana immediate returnS
lSv6eseiptioA 1bots, LSetks ~ Of ~ 49, -
s~ssd a. Working Capital, drs opesSd for . lin
Itxd period, u ~ ebvcsY I.3A .-t
JOHN Z. 0WGT4 4 CO.,
meant Niekoll's Block. DAyeopoTt, lows. a