Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1865-06-23

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DlI(IPolT col tnfFk |
PETROLEUM CO.,
venango County. Penn.
Property Of the Company, vsnango Co., Penn.
Office of the Company, Davenport, Iowa
Orgssissd snder ~ Lsws cfsAs Stoss Of lora
CAPITAL STOCK, else,e go.
Divided into II, 900 shares Of elo each. So, 900
reserved for Working Capital.
O0cersi
Hon. JOHN L. DAVIES, President, Davenport,
THar4s sccrs. Treasurer, Davenport. Iowa.
JomN l.. Swigs, Secretary, do do
X. n. JACKSON and JEsss WsLlsa, Superinten-
dents at the Works, TisusviIle, Pa.
John L. Davies, Davenport Ia,
jerry jerry Z Z. e conlnn, do do do do
Howard Darlington, do do n:.
Geo. w. kepner, do do D"ee'o's
James Armstrong, do do
Jas. b. Edmonds, Iowa City, d,
n. n. C0nkliu, Indianapolis, Ind,
Property:
The Companys property consists Of the Pc
Simple Of the valuable Kerr or Thompson
Farm" containing one hundred and nine ll0sl
acres, more or less, situated in the heart Of the
Oil region, venango county, Pennsylvania. on
East Oil Creek, about one quarter mile above its
junction with Oil Greek proper, and on the road
leading from Titusvile to Pleasanton. two miles
distant from the former place. This proper tv adj
joins the lands Of the -Etna and Northern Light
OlCompanics, on which Developments are being
rapidly pushed forward with every prospect o.
success; aud is opposite the lands Of the Guild
Farm Oil Company Of New York, the stock OF
which was quoted in New York, May nth. at 200,
on which are several productive wells in opera
tion and more being bored. The celebrated
Drake we'll the first ever sunk on Oil Creek. is
but a mile from this property. The lands Of the
klngsiand Parker Company on which fifty
barrel flowing wall has just been struck and the
Watson and Pennsy lvania Oil Greek Companies
OF Philadelphia, are in its immediate neighbor-
hood, this latter Company fPcnnsylvania Oil
Creek situated on the now widely known and
Justly celebrated Watson Flats is the oldest
Company in this region and is now amply repay
ing the stockholders for their patient labor and
liberal expenditure, in the steady yield from the
Continental, u. $. Grant and other fine wells
all of which are almos, in sigh, OF the act herein
described. fine stream Of water called
''Thompson's Run" traverscs the whole length
Of the property through the center. On the
run" above and beyond this property several
Pittsburgh Companies are now sinking wells. so
that IL is completely surrounded by evidences Of
large production of oil, soon TO be developed
and realized. This tract comprises large pro
portion Of low ground. and 10 capable Of being
bored IN very many places.
Resnar1ks.
The past year has proved beyond oil doubt, aud
to the most skeptical mind, that we are to have u
steady yield Of this valuable staple
valuable not only article Of large domestic
consumption but an article for which there is
already an immense and steadily increasing ex
port demand therefore Company for med on
safe and reliable basis las is claimed this Com
pany Isl having III lee such n tract Of land as the
Kerr Farm, !" the development of which, being
pushed rapidly and energeticallv forward, cannot
fail Of ultimate success. and oi being profitable
inye stment to lis stockholders.
Leases can b. effected with parties who will
contract to sink wells without expense to the
Company, giving the Company royalty or
share OF the Oil produced; but 50 valuable is the
location and so tatterng the prospects OF sue
cess, that the Directors have resolved to sink
wells on the Compnnys account. thus securing
the entire product thatmay BE- obt tanned.
With this OF ject they have authorized the sale
of few thousand shares only, which are here
with open to subscription.
No Company has been formed Oh more sub
stantial basis. THE sTock rs NOT wArKRRD; IT'S
HOLDERS WILL STAND on AN Equal FOOTING. The
shares will be sold on the only correct pi nciple
viz at thar par rdtue. Lastly, there is so lit
tie of it, that even ten-b barrel well will pay reg
ular Monthly dividends. With common sncce IS
its price should reach very high figures at an
early date. As there is room for five hundred
wells on the Kerr Farm, the Trustees confidently
expect handsome and immediate returns.
Subscription Books for tie sale Of the Stock re-
ssryed 40 Working Cdpital, are opened for lin
ited p,r,Od, at The otVee Of