Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1865-06-07


The Company's property consists Of the F;s
simple of the valuable Kerr or Thompson
Farm" containing one hundred and nine i1O9l
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
junction with Oil Greek proper, aud on the road
leading from Titusville 70 Plesssnton, two miles
distant from the former place. This prOpeut " 3D.
johns the lands Of the Eina and Northern Light
OIL Companies, on which Developments ars being
rapidly pushed forward with every prospect Of
success; and is opposite the lands Of the Guild
Farm Oil Company, q New York, The stock of
which was quoted in New York, May nth, q 900.
on which are several productive wells in opera.
ton and more being bored. The celebrated
Drake well, the first ever sunk on Oil Greek, ID
brt mite from this property. The lands Of the
barrel flowing we'll has just been struck, and the
Watson and Pennsylvania Oil Greek Companies,
Of Philadelphia, are in it, immediate nefghbor-
hood, this latter Company. tPcnnsylvanis Oil
Creek situated on the now widely known and
justly celebrated watson Flats" IL the oldest
Company in this region, and il now amply repay
ing the stockholders for their patient labor and
liberal expenditure, in the steady weld from the
Continental, U. s. Grant and other fine wells,
oil of which almost in sight Of the tract herein
described. A fine stream Of water called
Of the property through The center. On the
rim" above and beyond this property several
Pittsburgh Companies are now sinking wells, 90
that il ID completely surroundsd By evidences Of
q large production Of oil, soon 70 b. developed
and realised. This tract comprises large pro-
portion Of low ground and IL capable Of being
bored in very many places.
Remarks.
The past year has proved beyond al doubt. and
to the most skeptical mind, that we are to have
steady yield Of this valuable staple-Petroleum
valuable not only ~ IN article Of large domestic
consumption, but ~ an article for which there 10
already an immense and steadily increasing ex-
port demand therefore Company fos med on .
safe and reliable basis (as is cIaimed this Com
pauy Isl having in fee such . tract Of land as the
Kerr Farm, the development Of which, being
fail Of ultimate success, and Of being profitable
Investment u ito stockholders.
Leases can BE- effected with parties who will
eostrset to sink wells without expense 70 the
Company, giving the Company ! royalty Of
share Of the Oil produced; but 70 valuable o the
location md 30 ha1tering the prospects q sue
cess, that the Directors have resolved 70 sink
wells - the Company's accoust, thus securing
" sntirs product thst may = oetai:ed;
of afew thonsand shares only, which ass here-
with tpens 10 subscription, 1 ~ ! A
No C0mpans hes been formed on : more sub
stantial basis. Ihk STOCK u nor wAfsR1D i m
nolDeRa WILL ssAnp OK An sqUAl vO0s1Ns. The
shares viii be sold on the only correct ps iaciple,
viz :-at s9siv ps+ rslSs Lastly, there = % ~
tie Of IL That even ten barrel wen will psy reg
nlar moath1y diyidouda.s With oOmuon osaDeSs
rs price lhouid fssch very high figures Il q
early dale. A. there Il rsoa 1or Hve hundred
wells On the Kerr Farm, the Trustees confidently
bsIs.<etioe Boob, ~ ~ ssls ef ~ St6ee ~
js4d pesyed, u ~ cfes "
.JOraN u. 1ytlTs = CO.,