Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1865-03-03
DESCRIPTIVE CIRCULAR
OF THE
HOPEWELL OIL COMPANY.
shares.-2oO,OoO Par Value, 81 90
Hon. JOHN ROWE, President
J. SIMPSON AFRICA, Secretary and Treasurer.
DIRECTORS:

JoHx ROWE. Greencastle, Pa.
F. BENEDICT Bedford, Pa
J. II. SEYMOUR, Hagerstown, Md.
j. c. EvERHARr, Martnsburg, Pa.
JoHN J. SoHELL, Somerset, Pa.
Q. II. KAMspELL, OIL City, Pa
The property of this Company of 200 acres Of
land in fee simple situated the west side Of the Allie
gheny river short distance above mouth of Serub
Grass Creek in Scrub Grass Township Venango county
Pa. It has frontage along the river of mile, with
good boring surface for the whole distance Two good
oil wells in operation the east side of the river
Immediately opposite the property Of the Co.
The following in regard adjoining tract is taken
from editorial in the Philadelphia Price Current,
December II:
he geological relation Of this property Oil Creek
is such the obearng strata which supply the wells
the Middle Section of Oil Greek rom the Washington
AIeClintock Farm on the north the Buchanan the
South pass under this propery the range of the
certainly bringing the two localities into this mutu
al relation. Other data obtained from investigation
Of the conformation Of the ground and the underlying
rocks lead the conclusion, viz that the main
belt Of OIL which extends down from the northeast
and supplies the wells the Washington, MeGlltoek,
Egbert Stone, Tar, and Buchanan Farms sweeps down
sti farther the south southwest direction,
responding with and controlled by the inclination of the
strata and underes this property 1t well ascertain
cd by the testimony OF aged respectable residents that
the Indians ago. gathered oil from the surface Of
the raynes on this property and used it for rheumatic a
fections
In later times the teamsters Of Bullion Iron Furnace
gathered and used the oil for the pupose applying it to
gals and bruises their horses Oils for years
exudc at number Of places among others at the root
of old stump the bank Of the Allegheny river and
! in the ravine alluded to.
few years ago the then owners of the tract with one
two Of their neighbors bored awell few feet above
the old stump The first vein of oil struck at the
depth Of 2s6 feet and the second 460 feet experen
ced from Oil Creek employed to tube the well,
which produced stream of oil three quarters of Inch
in diameter The of the well, satisfied With
! It's production, pulled out the chamber, and drilled
feet deeper when they struck salt water in large
quantities and Of great strength Believing that the
"a 81 L.
profit they arranged their seed bags in the WELL
enable them exclude the oil and pump the salt water.
Still oil pumped along with the water in such guam
titles as gather upon the top Of the watertanks, from
whence it collected, barreled and Sold"
There every reason therefore, 20 believe that the pro-
perty of the Company is rich in its supplies of OIL The
inclination Of the Strata proves concusively that those
supplies of oil Oil Creek have higher lerel than the
obearng rocks this property and that consequently
the supply win be permGent than that of Oil Creek
itself The large Of boring territory equal that
of half dozen companies Oil Creek, boatandng
the Farm, with the advantage Of naFigable stream for
the transportation of OIL and the certainty of the exs
enee of large quantities Of coal upon the tract makes the
property of incaculabe value.
The Company about preparing sink several wells.
and confidently expect the early development of oil in
paying quantities.
nends itself public approval from the fact that places
no fictitious value upon its stock but confines the sale of
Eshares strictly to their par value.
limited number Of Shares can be had by applying
! the following named gentlemen:
F. Benedict, Bedford, Pa.
Jacob Reed, F"
4 B. f. Meyers, ="
J. Henry Schell. Sehellsburg, Bedford County, Pa.
James Lowther, Altoona Blair County, Pa.
! s. S. Barr, Holiday sbufg, Pa
G. w. Ashcom, Hopewe Pa.
!. H. Kanslcr, Hagerstown, Nd
s. II. Prather Co., Greencasts, Pa.
j. Hostetter Co. /"
J. J. Phillips, Waynesboro
John s Miller, Huntingdon
Samuel Henry
w. d. Mckinstry Mercersburg,
And at the Office af the Company No. 4s5 Walnut ST.,
hiladephia.
I dee.23, ,64