Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1865-08-02
=" Little Kanawha 4 ElK River
PETROLEUMAND MINING CO.
SUBSCRIPTIONS TO BE CLOSED.
Cash working Capital, $3.50, 900.

Cash Working Capital, $l5O,OOO.
| oFFIcERs
| OLIVER u. wOOD, President. % .'.
JAMES CRUIKSllANK Vice President. 1o .
| CHARLES J. MARTIN, Treasurer.
JAMES WADSW0RTH. Secretary.
e. R. BLACKWELL, Consulting Engineer and
General Superintendent. 0fiI ,iH' ..f
l. pH TRUSTEES: N Fl '
PAUL N. SP0FF0RD, of Spoford Tiloson 4
Co.. N. Y. nv 4.,.., ..,.,
CHARLESJ. MARTIN, President Homo Insur-
ance Co., N. Y.
Hon. ROGER AVERILL, Dsnbury. Conn. '.'
Hon. ALBERT z. CATLIN, Burlington, vt.
JAMES CRUIKSHANK, 55 Broadway, N. Y.
OLIVER L. WOOD, 90 Barclay street. N, Y.
JAMES WADSWORTH. of James Wadsworth
4 Co.. 81 Cedar street, MY. .I's.ll'',
JOHN W. STRONG, Detroit Mich. 'u {5.3
EDWARD M. MORGAN, 2 Pine street, N. Y. L
THE SUBSCRIPTION Is SO NEARLY
Il completed that it is intended to close the same
on or before the 18th Of February. TA "''
Subscriptions, $750OOO of which 5000 900 purchas-
es the land-to-wit: 81, 800 acres. The remaining
$780, is the permanent cash working capital of the
Company.
Par value of shares, 500. Lands located on the
Little Kanawha and Elk Rivers. in the counties Of
Gilmer and Braxton, in the very heart of the oil re-
gions of West Virginia. .n
Professor Richardson reports: "Your property is
the very centre of the West Virginia oil regions It
has oil and gas springs along the banks of
its streams, one of which vies with the famous
Burning Spring ITSELF" u...f ..-... ..... -..
Professor Shepherd, of New Haven, Conn.,, re-
ports: "IconStder ID eminenzy oil producing land.
The oil-6earing shaleS underlie 10 eGtensiUeyy and
the long lines of cdr6uretted Ay6rogen, or Vuninat-
ing gas springs. some Of sohich SGao burning, as
peU as tho appearance Of oil Itself on tho surface
Of the tract, Jll2y confirms me IN this belief. r..
, There can be no doubt that along your creeks and
tributaries there Is largo ertent Of calua6le or
producing territory. The prOdigioHs amount Of
0ituminous and camel COAL iron orc. limestone and
fro clays embodied in the high hills on sour proper
t the tops and slopes Of sohicA are couered s0ith an
estraordinory gro,ct1 Of sOhite odk and oterheavy
tinpoers, add Immensely to It's cdlue."
These views are fully indorsed by the reports Of
the most practical and experienced men from the oil
districts of both Pennsylvania and Virginia.
The Company consider themselves fortunate in
having secured the services of Mr.. Blackwell. a
practical civil engineer for the general superintend
ency. so well known as the late Chief Engineer and
Superintendent of the Commissioners of Wash
ington Heights, New York City.
Arrangements are in rapid progress for the imme-
diate development of the property, on scale com
mensurate with its value ard extent.
Subscriptions payable at the time Of subscribing.
or half in cash, the balance in thirty days from
the time of closing the subscription, can be made in
person by letter at the Office of the undersigned
No 6l Cedar street, New York; J. X. D0BS0N, No.
42 State street, Boston; and JOIN w. STRONG,
Detroit. Michigan, where full information can be
obtained.
.v JAMES WADSWORTH & CO.,
No. 81 Cedar street, New York.
N. B. Subscriptions received for the above Com
pany by LEWIS BAKER,
feb6 Wheeling, W. v.