The Portland daily press., 1865-01-18
MISCELLANEOUS.
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PETROLEUM COM Y,

D. NJ rEonAss, a5aA ). 4. cIlPP,
ifH99ka Cia. E. O. BATES. = aif sll5I
b--1i6A .1ois
Capital. ...:..-..l........... $3.50 ,0OO
Nuwber Of Shares,.e..! ..ss,.....3 10000
working Capital. ...........,. s5 900
The Directors of this Company take pleasure in
presenting to the capitalists and the public of New
England a chance to invest in a Petroleum stock
that offers immediate returns well as future pros
poets Of realizing Income that win amply reward
such investments. - ss4
The Property Of the Company Consists H.i9
1st- ora perpetual lease Olive and one-half acres
Of land with zine. fixtures and buildings being
part OF the Miller Farm, about five miles below IT,
tusy;lle, on Oil Greek, at ths mouth OF Hsmlock
Run. 1auess hgs gu.
The Oil Greek Railroad runs directly through this
proparty, which enhances the yalue Of the product
fully one dollar per barrel, there bsing no earring
No finer boring tTrritory being found the whole
ength of Oil Greek than on this section. & On this
land there is one well now producing sixty barrels
of Gil PET day, worth at the well twenty dollars per
barrel. 81 gle5q9g va t-,1aau9e seW ~
% This well being meo one, have every prospect
of its increasing to much larger yield as most Of
the pumping wells ON the creek have done hereto
fore. For this well alone the Company are now Of.
fered sl75 COO cash. We have also this track
for at least ten mo'e wells. One we'll will be put
down immediately upon the arrival Of the engine
and tools which the company already own. Yas
Much better results are expected from this terri
tory than already obtained when we shall have sunk
the other well, almost every well sunk in this vi
einity has be N emineotly successful; for instance
! the gEobIe Wen,' only three miles below us. with
surface Indications inferiorto ours, when theo
struck flowed two thousand barre sa day for year,
and its Eortunase possessors became millionaire
Now chance Of striking similar deposit reat-
y superior being the center of the great Oil
Basin Should well of this kind be struck, at the
present pride Of OIL it would yield an income of So
cooper day, Or ever $4,000 COO per annum This
would indeed be prize; and facts show that Is not
all chimeIica for it has been done in our neighbcr
hood and we do not see why our chance Ia not good
or doing the same thing. ;goapias.loo bn,
No. 2. Fee simple of two hundred and sixty five
acres ofiand IN Oil Greek and Spring Run, six
miles from Titusville, q large portion of which b
boring territory and from surface indications we
have every reason to believe that this will prove
equally as valuable as land below Titnsvilie. Par.
ties sinking wells on land adjoining us with very
satisfactory results. '- ssh ss7
No.gs. Twenty four acres of flats ruaning across
the south end of Morgan Jennin4s' farm. say. two
miles north Of Cocperstown. Folty years lease re.
corded. Nne-tenths of oil on first i've acres. three
fourths ofon on residue. One derrick up. Prop1ie.
tor pays all taxes, making it better than decd
Rochester frm, Messrs hughes, Crane Co have
asimiiar lease scross north end Of this farm and are
improving it withthe greatest energy. s9ai n Il
lolhs land very carefully seleeted last August
BY most experienced expert. and l. unsurpas ed on
the Creek. The oil isa heavy lubricating ell, sell
ing at the wells for twenty-five dollars PSF barrci
and from the superior location of this property to-
| gethcr with large amount of money now develop
ing in this locality, the company most conscientious
fy deem this tract OF very great value. 1t Is in di
rect range with the celebrated Tarr Farm, and
every foot Of the territory is excellent boring land
while It's proximity to the market renders it of en-
| HANGED value. es 7i1'4asl e %. l-53R e14 Dc
No. & Fee simple of one hundred and thirty acres
| on Mosquito Creek in Mecca, Ohio, ON which W.
have threewe in pptrstion, yielding about foul
barrels per day ofthe very finest lubricating oil in
the world, brinA readily fifty dollars per barre
| at the well, or sixty dollars in Eastern Markets
Responsible parties stand ready to take all the oil
raised at thar price, hese wells areover four year,
| old and it is expected when sBan have new
well down, we shall get at least fDe-barrel well
One WELLS nearly to oil depth and in the courst
of thirty days will be producing. No well was evei
sank on this territory that was NOT paying one.-
Thii OIL is found depth of sixty-fvs feet, which
enables us to sink wells lat Sigh, expense.
The Phillips Oil Company are sinking wells or
land adjoining us at greater DEPTH with every
show of getting flowing or large pumping wells.
/ ON this property we have two large houses, new
barns, office. oil refinery four first class engines
pumps, tubing, teams and everything complete iol
| carrying large oil business Plenty of the bss
Of hard wood growing this property enables
Il
our engines burn wood alone. Splendid timber fol
slaves and other purposes is found in great quaint
ties. n III RI n 2I4 I'll T8NGt5
The Directors feel in putting this stock upon the
Market they are holding ont and better induce
ments to subscriber than has heretofore cen offer
ed for while there are wells in actual operation
oil enough to pay Immediate dividends of at leas
wo per cent. month, as the yield nosO amounts t.
| 500 per day or $4,000 per annum, there are
also future prospects unsurpassed by any other Com
pany In having plenty;of boring territory develop
ed lands, and plenty of land where the excitemen
has but late reached. which enables us to deriv,
benefit both from old and new territory, ana OF
which the Developments win be vigorously IN he'd
We would close this prospectus By stating that ia.
| Company is entirely New England enter rise
managed by well known par les. some Of them o.
gr at experience in the Petroleum business. Sub
/ scription books wilb found with - ssi9Fs q
Messrs J. Il. CLAPP& Co., Bankers, 81 State ct.
&c. BATES, Esq, Q Merchants Row. "a
Messrs. WIN. LINCOLN q Co. 10 Central st.
Messrs. e. q r. W. SEARS, 104 State ct.
Since the above was written we have received ad
vices that one ofthe wells on the Mecca Or pei
ty has reached OIL and now yields twenty BARREL
per dsy. As coon as the tubing Ia put down 1t vii
probab greatly increase. f...t,s sstx5ss.
Subscription Books, for limited number of Share,
viii be open at the offices Of j. G. PRocroR, ESQ.
Lime st, near P, o., and at J. j. BRows's Banker
No. 70 Exchange st. t dec23tf