Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1865-03-10
DESCRIPTIVE CIRCULAR
OF THE
HOPEWELL OIL COMPANY.
capital--saoo.oan- sharss-aoo,ooo paF Value, sles
Hon. JOHN ROWE, President.
J. SIMPSON AFRICA, Secretary and Treasurer.
DIRECTORS:


DIRECTORS:
W $ FLEreHER, McConnellsburg, Pa.
JOIN RowE- Greencastle Pa
F. BENEDICT, Bedford, Pa
j. H. SEYMOUR, HHgerstown, Md
j. G. EvERHART, Martnsburg, Pa
JOHN J. ScHELL, Somerset, Pa
C. P. RAMspELL, Oil City, Pa.
The property Of this Company consists OF zoe acres OF
land in fee simple situated on the west side o. the Ale
any river short distance above the mouth OF Scrub
Grass Greek in Scrub Grass Township Yenango county,
Pa IT has frontage along the river Of one mile, win
ood boring surface for the whole distance Two good
Xii wells are now operation the east side OF the rlFer
immediately opposite the property Of the Go.
The following in regard adjoining tract Is taken
from an editorial the Philadephia Psee caSre# or
December IL
he Geological relation of this property Oil Greek,
a sch that the oil bearing strata which supply the wells
on the Middle Section Of Oil Greek iron the washington
McClinock Farm the north to the Buchanan on tne
Sonth) pass under this property the range o. tae
strata certainly brngn the two localities into TEAS mgn-
al relation Other data, obtained from an investigators
Of the conformation Of the ground. and the undeFyiu
rocks lead to the conclusion, viz: that the man
belt Of oil which extends down from the =
and supplies the wells the Washington, Aecntoek'
Erbert Stone. Tar and Buchanan Farms sweeps down
m farther on the south southwest direction cor
responding with and controlled by the inclination OF the
srata and unieries this property IL y We'll ascertain
ed by the testimony Of aged and respectable residents hat
the Indians years ago, gathered on from 'e =
the ravnes this property and used u Tor al
In later times the teamsters Of Bullion Iron Furnace
tbrad and used the for the puspose Of applying X 70
a and bruises on their horses Oils for years seen
70 exude at number Of places among Others, at the root
of an old stump the bank Of the Allegheny rVer ana
/ in the rtyine alluded 90
or two OF their ncighbors bored we'll few feet above
the old stump The FIRST vein Of oil was slruck al ehe
duh of gS feet and the second at 460 feet an experlen
al man from OIL Greek was employed tube the we'll
which produced of oil three quarters OF an nc
in diameter The Of the well, net satisfied VII
4 its production, pulled out the ehanoef, anu us 1
some feet deeper when they struck salt water In iar
quantities and Of great strength Believing that the man
ufactre Of salt would. at the time, yield them oete
nroat they arranged their seed bags the we'll 50 as Y
enable them exclude the oil and pump toe salt Wa'eF
Still oil was pamped along with the water, IA such quah
titles as gather upon the top Of the watetank IRON
whence il collected barreled and sold
There every reason, therefore, to believe that the pro
erv Of the Company Ii rich na its supplies Of OIL IN
inclination the Strata proves conelusfvey that thos
sc oil on Oil Creek have higher eret than th
oibeaag rock this property; and that consequently
the supply will he permanent than that of O eree'
itself The large Of boring territory equal 70 tins
AZ half dozen companies Oil Greek, landing o.
the Farm with the advantage Of nayiga5le stream 70
the transportation of OIL and the certainty of the exs
ence of large quantities Of coal upon the tract makes IN
property of incacaabe value
and confidently expect the early development Of OIL =
paying quantities .ss
The plan Of Organization adeptei by the company com
nehds itself puddle approval from the fact that It place
M frtitious value upon stock but confines the sale
shares strictly 10 their par value
limited number Of Shares can be had BY applying
the following named gentlemen
F. Benedict, Bedford, Pa
Jacob Reed &
=. II. Meyers,
J. Henry Scheii, Schellsburg, Bedford County, Pa
James LoRthcr. Altoona, Blair County, Pa
S. S. Barr HolidayabuFg, Pa
G.. Ashcom, Hopewell, Pa
l.. H. Kausler Hagerstown, Nd
: s. II. Prather Co., 6reencastfs "a.
j. Hostetter CO.. s'ff
J. J. Phillips. Waynesboro,
John s. Miller, Huntingdon,
Samuel Henry,
W. ID. McKinstry, Mercersburg,
Aud at the Office af the Company No. 4s5 Walnut y
hiladeIphia.
dec23,'64.