Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1865-04-28
VHE STUMP ISLAND OIL COMPANY.
CAPITAL SI2O, 900.
Development Fund s2I, 900
I2O. 900 shares. par value 81

No certificates Of stock ID be issned 10 tbs eor-
porators until 81 600 shall have been sold for the
benefit of all the stockholders in the further deyc
opment Of the Company's property
PRESIDENT,
WIN. HARTLEY, Bedford Pa.
SECRETARY TREASURER
Hon. S. L. RUSSELL, Bedford, Pa.
DIRECTORS,
Hon. t. B. SHANNON, NJ. C.. California.
w. D. McKIssTRY, Mereersburg, Pa.
Hon. SAMUEL DAVIS, Bedford, Pa.
J. N. SHoEMAKER
q. w. RuPP,
The property Of this company is all owned in
lee simple and is all paid for and consists of the
following tracts: ist That valuable island. known
as the Lower Stump Creek Island y containing 2
acres ana 95 perehes, situated In the Allegheny
river, at the mouth of the Clarion river. On this
island derrick was erected in the spring Of 1861
anu an engine placed ON the grounds, but the war
breaking out, the parties sold of and enlisted
I'd. The Clipper Stump Greek Island. y i sitn-
ate but few rods above the lower island con-
tanning acres and 20 perches acres of which
are owned by this company. which are erected
house, sfs DC. Neither Of these islands 4 la
bic TO oye4las v, and both are well protected bv
stone and trees against washing. By reference to
the map Of Pennsylvania, il viii be observed that
the Clarion river empties into the Allegheny at a
point due south from Oil Creek, and as oil is found
at Freeport, this line further south, we have
every reason 10 believe that these islands are in
the very centre of the great oil belt of PennsylYa
mia. Besides all this, they lie far below the coal
measures
The company also owns / acre and 81 perches
of land about 81 miles above the upper island, at
the mouth Of Ritchey Run, near the town Of En-
lenton, Venango Co., Pa, upon which is the eel
ebrated Fox and Widel we'll, with new engine
derrick, building, DC, &C., and well bored to the
depth Of 420 feet This well was tabed al $50
feet and in few hours pumping yielded about
one barrel Of oil, but the propretors determined
to sink it deeper, and the company viii. as soon
as possible sink this well if necessary to the depth
Of 1000 feet or more. The "Stump Islands Com
paBy" ownes the whote interest in well, fixtures
and land and Development Fund" will be amply
sufficient to complete this well and sink others in
the Islands. There is besides, room enough
on the Ritchey Run tract for several more wells
The property owned by this company il all
practical boring territory. and persons acquainted
with the lands along the Allegheny and other oil
streams, win bear testimony that we have more
practical boring surface than many of the 800
acre tracts contain.
In addition to this, our basis win compare favor
rably, with the large majority Of Companies whose
Capital stock is five times great.
The services of an efficient Superintendent have
been obtained, and the Directors are determined
to prosecute operations vigorously.
Persons desirous Of securing a portion Of the
q, 600 shares of stock must apply ssoan, to Hon
S. L. Russell, Bedford Penn'a.; at whose Office
subscription books have been opened for the sale
Of Stocks, at StOO per share.
Feb. 10, 1865.