Smyrna times., 1865-09-27

- PRpsPECTU
OF THE
! CHEAT RIVER
OIL AND MINING CO.,
WEST. VIRGINIA.
organized under a Charter from the State &
West Virginia =.
Territory, 1000 Acres.--River Front, about Miles
Capital Stock, $JOO,OOO,
DIVIDED INTO 100000 SHARES,
Par Value, S. per Share, Subscription Price, 50 per
| Share.
@5'OOO SHARES Reservsd for Working Capital.
Chief Office, at MORGANTOWN, MONONGALIA
COUNTY, WEST VA.
Corresponding Office, at ODESSA, DEL.
Branch Office, HARPER, DURNEY & CO. Bank
ers, 55 South Third Street, Phadelphla.
OFFICERS OF THE COMPANY
PRESIDENT,
DR. J. F. BIRD, N. f. Cor. Eleventh and GrssD
streets. Philadelnhia
VICE PRESIDENT.
WILLIAM Fl. ELLIOTT, Germantown. Pa.
TREASURER,
JOHN APPLETON, Odessa, Del.
SECRETARY,
d. B. F. CHATHAM, Odessa, Del.
DIRECTORS,
DR. JOHN #. BIRD, Philad'a.
VIM. H. ELLIOTT, Germantown Pa
WILLIAM G. SPENCER, Germantown p.
JOHN APPLETON, Odessa, Del.
WILLIAM POLK,
VIM. S. VANDYKE, -"
ED c. FENIMORE,
Del
WIN. }. GRIFFITH, Head of SssssfIss MA
q ID ms company holds fee simple in tract ofove-
*,ooo acres oil land, lying the east side Of Cbest
rVer' IN Monongalia County, West VIRGINS ohort |
river. "e NAonohgahea
The land is heavily timbered with White nj,
Chestnut and Locust, and abounds in Iron 0.o aA;
FIRE Brick Clay, Of superior Qualities. ana bsa 49,.
throngh Its entire extent two veins of Coal n
ieet and the other feet in thickness 0
: Ane indications Of the presence of Oil are verr
ne tnere are numerous Salt Licks on the premises
H aNu sdses escape from some of the ravines and
springs which burn freely upon the apDl;cat;on nc
Te' There is river front of at least I've nils
extent TL mus attording ample boring territory.
Ihe property is also intersected bv small s,,o,,.
Jh""s i"Io tne Cheat river, along the courses "a
"nicn, no doubt, wells can be advanta eouslv sunk
"a tne nelghborhood of this property, several wells
are G IN progress with fine show of Oil.
lhe adjoining property, containing sbout o soo
ac[es' mas very recently been sold for $500 600
Cheat river takes its rise in the AIleohan;ss .5
ePtes lhto the Monongahela river, about nine miles
Oelo" MorgsRtOgV West Virginia, and about four
nuGnced by the report of our En2gffi gffijin in Greene
.-should seek Investment in our railway S"r,'
rites, quite strik'nr -aS1lts vonld o,,S,,3 ~
iniIes from the mouth of Dunkard Gre" III ouI
County, Pennsylvania, consequently these two III,
yielding of Oil.
Twenty five thousand shares of the Capital Ste
have been appropriated and set aside by the Dire
ors, for a working Capital.
The Company is now thoroughly organized, "
a competent Superintendent and a corps Of VIC
ab, men on the land, with new and excellent machin
~ and boring apparatus in operation for the rapid
. velopment of the property.
In view of the fattering prospects for obtain
large developments Of oil, the contiguity Of the
to some of the finest oil producing regions in
country and the abundance of fuel and large ext
of boring territory, the Directors confidently ant
pate being able to make profitable returns to
Stockholders for the amount invested, as any oi
organized Company.
There remain unsold only about 1000 shares
, Capital Stock Applications for subscriptions
this balance may be made to the President or Sc
tary, or to Harper, Durney & Co. Bankers,
South Third Street, at the branch Office in Phlla
phia. junl4-: