The Bedford gazette. [volume] (Bedford, Pa.) 1805-current, 1865-01-13

The property of ltis Company consists OF 200
acres OF land, in fee simple, situated on the west
side oi the Allegheny river, short distance above
the mouIt of Scrub CLASS Creek, IN Scrub Grass
lo%nship, Fenango county, Pa. Ii has frontage
along the river OF one mile. with good bcring sur
face Tor the whole distance. Two good oil wells
are now IN operation the east side Of the river.
Immediately opposite the property OF the Company.
be following IN regard 10 ar adjoining tract, is
taken from an editorial in the Phladelpnia Pyics
CHrsmt OF December II:
'1Ihe geological relation Of this property TO Oil
Greek, is such that the olI-bearine strata. which
supply the well. on ;he Middle Section of Oil Creek
(lIom he Washington McCintock farm on the north
10 the Buchanan on the soutb) pass nder this
property; the range OF the strata certainly BRING
ins the two loc iites into this mutual relation
Other dafa. obtained from investigation of the
conformation of the ground, and the underlying
rocks, LEAD 10 the sauI- cotclusion viz that the
belt OF oil, With extends down from the north
northeast aad supplies the wells in the Washington,
McClintock, EsoeIt, Stony, Tar, and Buchanan
r.ns sweeps srili farther down the SOU h.
southwest direction, corresponding with and Goa.
trolled by the inclination of the st-sta and under
lies this operty. 1t is well ascertained by the
ttmony OF aged and respectable residents that the
Indians yedIs ago, gathered oil roa the surface of
the fayInes thls property and used II for rheumat
ic affections.
In later times the teamsters of the Bullion Iron
Furnace gathered and use, The oil tor the purpose
of applying 1t TO gals and bruises In il horses.
OIl, tor years seen u exude at u number of
places among others, at the loot of an old stump
on lhe bauk OF the Allegheny river, and in the
vi alluded to.
A tew years ego, the then owners of the tract
With o"e or two OF thesr neIghbors, bo-ed well,
few feet above the old stump Toe first vein OF oil
was stT1cs AT the depth OF 2S6 feet, and the scond
al 46o iret, an experienced man from cj Creek
was employed 10 tuhe the well, V hch produced
stream of oil thee quarters OF an inch in diameter.
The owners OF the well, lot satisfied wirh IT'S pro-
duction, pol ed out the cham6er and drilled some
feet deeper, when they struck salt water in large
quantities and of great strength. Relieving that
the manufacture of salt would, al the time, Weld
them better profit they arranged their serd bags
in the WE'LL 10 enable them to exclude the oil
aud pump the salt water. SILL oil was pumped a.
long with the water, In such Quantities TO gather
upon the top of the water-rarks, from whence it
was collected barreed and soid"
There IS every reason, thertf FORE 10 believe THAI
the property of the Company rich IN Its supplies
OF oil. The inclination OF the strata proves, con-
clusIVely, hat those supplies o. oil on Oil Greek
have higher isrek than tie oil-bearing rocks on
this proprrry and thai, consequently, the supply
will be permanent than that OF OIL Greek IL
sell, The large extent OF boring territory, equal
10 that OF bail dozen companies Otl Greek,
boat 5nding OF the farm, with the advantages of
nayigsbe stream for the transportation of oil, and
certainty of the existence large Quantities of
coal upon the tract makes the property of incalcu-
liable value.
! he Company are about preparing TO sink several
weiS, aud confidently expect the early development
OF oil in paying qu4istires.
The plan Of organic ,tion adopted by the Compa-
ny conmends itself 10 public approval, from The
fact that II places fictitious value upon its stock,
but confines tine sale of shares strictly to their par
value.
A limited number of shares be had by apply
ing To the following named gentlemen:
F. BeNsDlcU, Bedford, Penns yivania,
JACOB REED,
J. hENKY soHELL, Schellsburg, Bedford county, Pa.
JAMES LowTHeR. Altoona, Blair coonty.
) BARR, Hollida ysburg, Pa.
&. w. As"coM. Hopeweil.
/. IL. kAUsLER, Hagerstown, Maryland.
s. Fl. PKATHgR II Co, GreencasIle, Pa.
j. HosTETTER x Co., :,
J. }. PHILLIPs, Wayne sboro
joins ). MILLER, Huntington, Pa.
SAMCEL HENRY,
w. d. McKINsTRY, Mercersb1Fg, Pa.
And at the Oifce of the Company, No. 435 Walnut
Street, PhIlAdelp lphia. Dec. %, 1861