Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1865-03-17
DESCRIPTIVE CIRCULAR
OF THE
HOPEWELL OIL COMPANY.

Capita-$200 600. Shares-2000 000 Par Value, 81 90.
Hon JOHN ROWE, President.
J. SIMPSON AFRICA, Secretary and Treasurer.
DIRECTORS:
w. S. FLETCHER, MeConnellsburg Pa.
JOHN Rowe. Greencastle, Pa.
F. BESEDIcr, Bedford, Pa.
J. II. SEYMOUR, Hagerstown, Nd
J. c. EyERHART, MartnshuEg, Pa
JoHS J. ScHELL, Somerset, Pa.
C. P. RAMsDELL, Oil City, Pa
The property of this Company consists of 200 acres OF
land fee simple situated the west side of the Ale
ghenv river short distance above the mouth Of Scrub
Grass Creek in Scrub Grass Township Venango county
Pa 1t has frontage along the river of one mlle with
good boring surface for the whole distance Two good
oil wells are now operation the east side of the river
INN eCiately opposite the property of the Co.
The following in regard to adjoining tract IS taken
from an editorial in the Phiadelphia Price Current OF
The geological relation Of this property Oil Creek
such that the bearing strata, which supply the wells
on the Middle Section of Oil Creek from the Washington
McClintoek Farm the north to the Buchanan the
South pass under this propery the range OF the
strata 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 to the conclusion, viz that the main
belt of OIL which extends down from the
and supplies the wells the Washington, McClntoek
Egbert Stone Tar aud Buchanan Farms, sweeps down
st farther the south southwest direction cor
responding with ana controlled by the inclination Of the
strata and underes this property 1t is well ascertain
ed by the estmonyo aged and respectable residents that
the Indians years ago gathered oil from the surface Of
the raynes this property and used Tor rheumatic al
fections.
In later times the teamsters OF Bullion Iron Furnace
gathered and the oil for the pupose applying it to
gals and bruises on their horses Oils for years
to exude at number Of places among others at the root
of old stump the bank OF the Allegheny rlyer and
in the ravine alluded to.
few years ago the then owners Of the tract with one
or two Of their neghbors bored we'll few feet above
the old stump The first vein Of o was struck at the
depth of 2S6 feet and the second at $50 feet an experien
eed man from Oil Greek employed to tube the well
which produced stream of oil three qurers of an Inch
in diameter. The of the well, not satisfied with
its production pulled out the chamber, and drilled
some feet deeper when they struck salt water in large
quantities and of great strength Believing that the man
ufacture of salt would at the time yield them better
profit they arranged their seed bags in the we so as t.
enable them exclude the oil and pump the salt water
Sti oil was pumped along with the water in such guam
titles as gather upon the top Of the watertank from
whence it collected, barreled and sold
There every therefore, to believe that the pro
pery of the Company is rich in its supplies of OIL The
inclination Of the Strata proves concusFey, that those
supplies Of oil Oil Creek have higher lerel than the
ohearng rocks this propery and that consequently
the supply win be permanent than that Of Oil Greek
itself The large extent of boring territory, equal to that
oi half dozen companies on Oil Creek abeatlanding on
the Farm, with the advantage Of naylgable stream oI
the transportation Of OIL and the certainty of the exis
tenee of large quantities Of coal upon the tract makes the
property Of incalculable value.
The Company about preparing sink several wells
and confidently expect the early development of oil in
paying quantities
The plan Of organization adopted by the Company com
men Itself public approval from the fact that It places
no ettoos value upon its stock but confines the sale Of
shares strictly to their par value
limited number Of Shares can be had by applying to
/ the following named gentlemen
4 r BeEedict, Bedford, Pa
Jacob Reed,
J. Henry schell, Sehellsburg, Bedford County, Pa.
! Iana low hee Etsir v.