New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-10-24
rnx PETEon.EUM FIELDS.

Oil Crssk- FishoIe "A Mngic cay
Cherry Ruu-A Projected Railroad
BON Our Special Correspondent
CITY OF RENO. venango Comfy; "a
To-. o,.ooar. t,ou-n IN most readers that GER
Sau gentlemen Of position ana inhue"'e "'Hs " '
vicinity have invited the business men, scholars ana
a~slo,,,s IN make survey Of the oil regions with
view nj nlaeinp before ,hem plans for the improve
nan, and DEVELOPMENT of this important field; to sec
for themselves the evidences Of future prosperity, and
to consider the needs and requirements Of this popua
zion and territory at the hands of the Government and
She public.
THE MONSTER EXCURSION.
II is misfortune that the OIL Regions have too long
been regarded theater for ilegitimste and abnor
NAL speculation. partaking of the character OF
lottery than permanent branch OF mining busness
The time has when it must cease TO be regatueu
a. the pursuit CT adventures and gambling swimmers
but be governed by tie same laws as all other ihuV'''
pursuits The oil trade. in fact, is one OF tue heA
and most permanent interests of the country IN t's
congietion. and with . view Of placing INC ~.
fairly before the country. q committee. OF ~n'cn
Chsrs. verno, Cn,er i, the principal, extended 81
Invitation to several hundred Of the men most
IN finance ,,sde and sciepee TO so over the giouhu
,~,h .har, According 10 programme about q huhorc"
and ea Gentlemen from nearly every large city III Tue
1y;or assembled az the McHenry House, in MeauVlhe
nv "Wednesday morning, whence they started py sPeciui
60, indy furnished BY the Atlantic and Great
Western Railway for Cory forty miles distant.
Cory we ain the first realizing OF the mag
.uae of this trade by inspection OF Inc large Oh
refinery of Mr.. Samuel Downer which has a oaly re-
fning capacity of 500 barrels Last year tie amount
paid FOR crude oil amounted to sl.eo0oo0. The proper
sion OF refined oil varies from - 10 % per cent Ape ~
Ter cent Of napths is roably distilled from the cTuae
petroleum. The tar, which, in Europe is converted
into rare dye su here burned in the shape OF coke
One pecuariy # al crude oils is developed herc-the
p,esenco of rarafae cry u.s. which upon conde Isltion
ana elatiop become visible. Heavy or lubrcaing
nil can De extracted from NIL oil in various proportions
After the heavy ol is pressed after the manner OF lin
seed. white Ike Of parafne remains. which resem
Nss nure white Wax in color consistency and taste.
and az, informed is sod for the same purposes, even
10 the making Of cl ewing gumi
.ou CREEE AND ITS WRECKS.
Prom CORY tie parry took the railroad down the
famous OIL Greek Valley to 1tusyile. row city OF
some G. OOo people, and the very gateway to the
oil fields Beyond Titusvile the train passes through
succession OF derrioks III the bottom OF the gorge Ar
rived Of Shafer horses provided for the entire
MARTY and although the weather was cold. rainy and
tlesk the cavaliers mounted with huoyGnt spirits al
belt many of its members were BANKERS, politicians,
merchants and editors who had not bestrdden hoFse
.n many years The appearance of the eavacade as
filed down and the stream was most ludierolS'
ms the horses of all degrees of activity and mani
zion The trr down TO Petroleum Centre was accom-
pshed without further accident than one oil the party
being thrown from his seed quite number being wet
through and all moro less chilled. AT the Centre
We observed an ilterposng company have undertaken
r i.V
feet in order 10 ascertain what is below If not inter
rupted by too much gas they may be able to discover
she source Of the oil in about five years.
1t 10 rather a melancholy exhibit and apt TO abaie
somewhat ones enthusiasm for oil speculation 10
ride through mites Of abandoned and idle wells In the
now dry Territory" of Oil Creek which was once
the scene OF much activity. or 1900 wells that
have been put down in tie creek, not more than
$50 are yielding anything at all. aud OF these
the average Ircdnct viii not be over - b"rros
aday TIE grea, aowng wells which have excited
such feverish speculaoas in tel day-he Noble. the
Coquette the PHILLIP, the jersey, MeCAntocs' and
others are now either Dry altogether. are being
pulrpcd for small Culptities TIE wave Of excitement
has flown over the Oil Creek aud the adyentgfers have
abandoned it for the more lucrative field elsewhere
From Petroleum CoUtIs struck across the hills
through Pumer Pthoe This is at prese ut tne great
point Of interest and certainly in several aspects 1t Is
arsmarkahe place. Already it lie city Of 1900 PEG
pie with 50 large hotels. banks theaters. and all thu
Appearances Of city hfe-cxcept indeed. those which
are most necessary streetroads and walks water
governmentp
THE WONDERS OF PITHOLE.
The greatest phenomena, the springs OF all its pro-
perity are the flowing wells. Sliding and stumbn
Through the greasy and bottomlcss mud visit ed Oh
most notable Of them. Tie largest yielding We
at our visit flowed about 1900 barrels a dc!
Standing on the seafold by the SIDE Of huge tan
into which the pipe is laid could watch the spoutu
fountsia pouring forth in convusve gasps its stream
nuddycoored fluid with such velocity as to toss int
foam the surface OF the vats The flow is slight
Irregular consisting Of a forcble election for abou
30 seconds with an ntermssion. Although tie o
rams oil the while IL is systematically forced out wit
Increased volume. Sometimes two even three
these eructatOns together Tie temperature
the oil is about 80 70 Co Of deep dark olive green
light specific gravity and pure oil Ohcr wells or
going down beside it, one Of which commenced pump
iDg 200 barrels day yesterday. The gas given o.
by the flowing wells is very puogent and in1ainnablc
Two or three destructive nres have occurred lntc!y
Next TO this Is flowing about 100 barrel
much in tic manner. There are not more
shan dozen flowing wells on Piihole Creek at THU
time though there 80 pumping. Nearly all OF the
spouters Lad to be pumped il The first instance TIA,
the number nay be increased. The gross product OF
the creek can be put down q. about 100 barrels day.
Hundreds OF new wells arc being put down. OF course,
the land in this VICINITY 10 held at enormous rates Sin.
gle ie'ses commanding as much $4,000 and Lai the
xy bprJ ,oI4 y.