The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-07-30

fHOOsicr well began 10 now July ~, 1000.
a MASAGER's DODGE.
II liz reported on the ground that when the United
States web first commenced flowing the fact was for
time concealed from the public, and the well pIurged mp
Ia order TO enable those in the ring 10 bay up tho stock
at a low figure. The well sunk as speculation,
which was regarded chimercal by well informed
oil men II was altogether lottery, in which those
who invested unexpectedly drew great prizes.
p,,oo civ 10 unon me Thomas Homden fam.
The widow olmden farm, the Rocker and the Backmer
farms adjon the property on each side. The widow
nominal by the United States Petroleum Company
for nine for oil purposes, and for one year to differ
cnt parties for building purposes One half the oil is
reserved the Widows Portion The same arrange
mcnt "a made with the Thomas Homden farm The
Rocker farm is in some dispute regards title, but par
subject to contingencies respecting the validity Of the
title. The Rocker and Holmden families are related by
marriages. Holmden marrying Rocker and Rocker
marrying Holmden.
on which is located remarkable sulphur spring. and
81 New York parties Buans
lots lcod al the rate Of one hundred and y 10
thousand dollars per year OIL leases Of half an acre
half ~ u. IaStss + 9;,slIss hs3 leased he
ior three thousand dollars per annS and has started
the best oil territory in this secton lying as does upon
both Big and Little Fthoes, and running down TO the
Junction Of the same Tho nsn road from P,smsr 20 ri
garded a. part Of the city proper The property was
purchased for less than fty thousand dollars now
worth half million.
nTHoLa crrr rrrM
Pithoe City IA the growth OF forty days II contains
three hundred buildings OF goody size and appear
aDco, and has population Of two thousand white
males, eleven females and one colorcd person.
The United States Hotel is the principal hotel at pre-
sent. II built as q storage house for OIL Now V
Feeds perhaps thousand persons day. and lodges no
many o. can DO packed within It's walls like behring's IN
box.
All the town lots were leased month ago al prices
varying from 500 10 $500 per year. three years by
Messrs Prather Duncan who purchased the property
for $50 COO and have since mado present OF $4,000 TO
its former owner believe the property has lately boen
stocked by the same gentlemen. All these lots have
been released at bonuses OF from 600 10 600 The
new hotels nearly completed by Mr. Patchen, OF Rouse
vile, on Hamden street. and Captain Vandergfft, on
First street, leased for 900 and $1,000 each Captain
v. will Immediately construct, in connection with bis
hotel, theatre, concert and billiard saloon, &c. His
hotel Is 10 DO called the metropolitan The Captain
has just paid 600 for three acres on Rocker farm
All kinds Of business being opened, the principal
ones being tho sale OF liquors and leases
telegraph line Ia ia operation, and stages carry poo
pie In every direction horse railroad VIII reach nero
from Titusyille before long.
per day, and applicants than can be accommodated
respectable party called Widow Honden night or
two ago and begged the privilege oil being allowed 10
sleep in her barn -
New York interests are ahead 10 Ptholc City as they
arc in most of the places through wbcn have travelled
In these regions The New Workers have literally in
vadcd pcnnsy vana and planting her soil with green
backs II IL estimated that already ten millions OF dol
lars ere invos,od In Pithole oil territory AL the terri