The Bedford gazette. [volume] (Bedford, Pa.) 1805-current, 1865-01-06

he property Of this Company consists of 200
acres oil land, in fee simple, situated or the west
side OF the ghenv river, short distance above
the mouth of Scrub Grass Greek, in scrub Grass
lownshp, Fenango county, Pa. 1t has frontage
along the river of one mile. with good boring
face for the whole distance. Two good oil wells
aIe row In operation the east side of the river
lmmedlHteiy opPosite the property of the Company.
i he following in regard 10 an adjoining tract, is
taken from editorial in the Philadelphia P,ics
CRufRt OF December II:
"Ihe geological ,eiation of this property TO Oil
Creek, Is such that the ol-beaFiDa strata. which
supply the wells OF the Middle Section of OIL Creek
OIoia the washing ION McClInteck farm the north
10 the buchanan on the souh) must pass ndsr this
property the range OF the strata certainly BRING
ing the two localities into this mutual re ation.-
Other data. Obtained from an investigation of the
conform alton OF tae ground, and the underlying
rocRs, lead 10 the same conclusion, viz: that the
belt of oil, which extends down from the north
northeast ani supplies lhe wells IN the Washing ton,
McChutock, Egbsft, otoay. Tar, and Buchanan
fafns, sweeps sill farther don on the same sout h.
southwest dlrecnon, corresponding with and con-
tToued by the iacIrltjon OF the strata and under
lies THIS propeTiy. IT Is well asceTtaued By the tes-
tmouy OF aged and respectable residents that the
lnd.2ns years ago, gathered oil FROM the surface of
the rFnes on this property aud used it for rheumat
&c af- ctons.
In i4teg times the teamsters of the Bullion Iron
EuFnaee gatGered and used the oil Tor the purpose
Of applying II TO gals and bruises their horses.
On, tor years, was seen IT, eEute at number Of
Places aTo1g others, the root OF an old stump
on the hanz ~ the Allegheny river, and in tue "a
vI,e aliGjed 10.
a fey years ago, the then owners of the tract,
with ere or two OF their neigtbors, ho:ed welt,
few feet boye the Old stump. Tue first vein OF oil
was strac6 al the depth of ESQ feet, and the second
al 400 feet, experienced man from o. Creek
was ec.ployed TO tuse the we'll gAich pro iueed
stream oil OH thlee quarters OF al inch in deneter.
The owners OF the veil, rot satisfied with rs pro-
a lnN ft,a rE.,-,. l..
feet deeper, when they struck salt water IN lar-a
q"Gn'ities and OF great strength. Believing tha
tne manufacture OF salt would. at the time, weld
tnem better profit, tney arranged their seed bags
N tht "eli SO as to enable thea exclude oil
and pump the salt ,ter Still, oil was pumped a.
o"s with the water, ia such quantities as TO gather
upon the top of the water-tanks, from whence il
was COLLECTED barreied and sold -
There IS every reason, therefore, TO believe tha;
the property OF the Company rich in its supplies
OF OIL. Tho inclnation of tAe strata proves. CON
cinsiTeiy, hat those supplies OF! On oil Greek
have htch'y Isrsk than TIE oiI-tearing rocks on
thls property and that, consequently, the supply
wllI be more permanent than that OF Oil Creek it.
SELL The large extent of borIng territory, equal
10 that OF half dozen companies on OIL Creek,
boat-t nding on the farm, with the advantages of
navlgabie stream for the transportation of oil, aud
the certainty OF the existence large Quantities of
coal upon the tract, makes the property of ncalcu
liable value.
he Company are about preparing to sink several
wells, and confidently expect the early deveiopmenI
OF oil in paying quantities..
The plan of organization adopted by the Compa-
ny commends Itself to public approval, from the
fact that 1t places fictitious value upon its stock
but confines the sale Of shares strictly to their par
value.
limited number of shares can be had by apply
ing to the following named gentlemen:
F. BeNEDIcr, Bedford, Pennsy ylvania,
JACoB REED,
B. F. MEYERs,
J. HsNRY SoHELL, Schellsburg. Bedford county, Pa.
JAMES LowrHER, Altoona, Blair cognty.
5 BARR, Holiday sburg, Pa.
G. w. AsHCoM, Hopeweil
/. Il. kAUsLER, Haserstown, Maryland.
S. H. PRArBER K Co., GreencasIle, Pa.
!. HosTETTER Il Co., :,
j. j. PHILLIPs, Waynesboro
JoHN S. MILLER, Huntingdon, Pa.
SAMUEL Henry,
w. D. McKINsrRY. Mercersburg, Pa.
And at the Office of tne Company, No. 435 Walnut
Street, PhIiadelphia. Dec, %, 1861