Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1865-05-25
venango County. Renn.
Bsa Aa 4ia ss 8f
Property Of The Csupany, vsnaaeo Co., Psnn.
Oflce Of the Company. Davenport, Iowa
Ovysaissd under fAs La1s. Of ths State Of bWs.
CAPITAL STOCK, slse. eee.
Divided into II, 600 shares Of &l0 each. go, 600
reserved for Working Capital.


Property:
The Company's property consists Of the Es
Simple of the valuable z Kerr or Thompson
Farm" containing one hundred and nine (l09)
acres. more or less, situated in the heart Of the
Oil region, Venango county, Pennsy ania, ON
East Oil Greek, about one quarter mile above its
junction with Oil Creek proper, and on the road
leading from Titusville to Pieasanton. two miles
distant from the former place. This proper " ad-
joins the lands Of the 4Etna and Northern Light
OIL Companies on which DEVELOPMENTS are being
rapidly pushed forward with every prospect Of
success and il opposite the lands Of the Guild
Farm Oil Company. Of New York, the stock OF
on which are several productive wells in opera
ton and more being bored. The celebrated
Drake well, the first ever sunk on Oil Greek IL
but mile from this property. The lands Of the
kingsland Parker Company on which a fifty
barrel flowing we'll has just been struck, and the
Watson and Pennsylvania Oil Greek Companies,
Of Philadelphia, are in its immediate neighbor-
hood. this latter Company, lennsylvania Oil
Creek situated on the now widely known aud
Justly celebrated watson Flats IL the oldest
Company in this region, and is now amply repay
ing The stockholders for their patient labor and
liberal expenditure, in the STEADY yield from the
Continental, U. :. Grant and other fine wells,
all Of which are almost in sight Of the tract herein
described. fine stream of water called
.'Thompson's Run" traverscs the whole length
of the property through the center. On the
Run" above and Beyond this property several
Pittsburgh Companies are now sinking wells, Sc
that it is completely surrounded by evidences Of
. large production Of OIL soon to be developed
and realized. This tract comprises large pro
portion Of low ground. and is capable Of being
bored in very many places.
Remarks.
The past year has proved be ond oil doubt and
to the most skeptical mind, that we are to have a
steady yield of this valuable staple-Petrolcum;
valuable not only as an article Of large domestic
consumption. but rs an article for which there il
already an immense and steadily increasing ex-
port demand. therefore n Company 70, med on a
safe and reliable basis tas is claimed this Com
pany isl having in fee such tract Of land as the
Kerr Farm, the development Of which, being
pushed rapidly and energetically forward, cannot
fail OF ultimate success and of being profitable
invc stment to its stockholders.
LeasesGan be effected with parties who will
contract to sink wells without expense TO the
Company; giving the Company a royalty OF
share OF the Oil produced but so valuable is the
location and so flattering the prospects Of sue
cess that the Directors have resolved TO sinh
wells on the Companys account, thus securing
the entire product that may be obtained
With this object they have authorized the SALE
Of a few thousand shares only, which are here
with open to subscription.
No Company has been formed on more sub
stanta basis. THE STOCK Is NOT wArERgD; III
HOLDERS WILL STAND on AN EQUAL FOOTING. TIL,
shares will be sold the only correct ., inciple
viz a. their par galue Lastly, there is so lit
tie of it, that even ten barrel well will pay reg
ular monthly dividends. With common success
its price should. reach very high figures at Al
early date. As there is room for five hundred
wells on the Kerr Farm. the Trustees confidently
expect handsome and immediate returns.
Subscription Books for tie sake Of the Stock re-
sorel as IVorking Capisai, ars opened for lin
tied PERIOD, at the Office Of
JOHN l.. SWITS & CO.,
my2Otf Nickolls Block Duvennort Iowa