Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1865-05-31

THE
DAVENPORT { OIL CREEK
PETROLEUM CO.,
venango County. Penn.
Office of the Company, Davenport, Iowa.
Organised under the Laaesi Of the State Of Ioscd
CAPITAL STOCK, sl5O.oOo.
Divided into Is, 600 shares of $40 each $50, 0o
reserved for Working Capital.
Officers:
Hon. JOHN L. DAVIES, President, Davenport
Iowa.
THOMAS Scorr, Treasurer, Davenport. Iowa.
JONI l.. Swlrs, Secretary, do do
r. NJ. JACKSON and JESSE WELLER, Superinten
asn.s at the Works. Titusville, Pa.
John Y Davies, Davenport, Ia,
Jerry G. Conklin, do do
Howard Darlington, do do n
Geo. w. kepner, do do directors.
James Armstrong, do do
Jas Is. Edmonds, Iowa CITY. d.
IL. NJ. Conkn, indianapolis, Ind,
Property:
The Company's property consists Of the F.e
Simple Of the valuable Kerr or Thompson
Farm, containing one hundred and nine ilOgl
acres, more or less, situated in the heart Of the
Oil region, Nenango county, Pennsylvania on
East Oil Creek, about one quarter mile above its
junction with Oil Greek proper, and on the road
leading from Titusville to Pleasanton. two miles
distant from the former place. This proper ty ad-
joins the lands Of the Lima and Northern Light
OIL Companies, on which developments are being
rapidly pushed forward with every prospect OF
success; and is opposite the lands Of the Guild
Farm Oil Company. Of New York, the stock Of
which was quoted in New York, May 18th, at 200,
on which are several productive wells in opera
ton and more being bored. The celebrated
Drake well. the first ever sunk on Oil Greek. is
but mile from this property. The lands Of the
Kingsland Parker Company. on which q fifty
barrel flowing well has just been struck, and the
Watson and Pennsylvania Oil Greek Companies
Of Philadelphia, are in its immediate neighbor-
hood, this latter Company, 0Pennsy lvania OH
Creek situated on the now widely known and
Justly celebrated Watson Flats, is the Oldest
Company in this region, and is now amply repay
ing the stockholders for their patient labor and
liberal expenditure in the steady weld from the
all Of which are almost in sight of the tract herein
described. A fine stream Of water called
Thompson Run" traverses the whole length
Of the property through the center. On the
''Rnn" above and beyond this property several
Pittsburgh Companies are now sinking wells SO
that il is completely surrounded by evidences Of
n 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 beyond all doubt. and
to the most skepticaf mind, that we are to have
steady yield Of this valuable staple-Petroleum;
valuable not only as an article OF large domestic
consumption, but as an article for which there is
already an immense and steadily increasing ex-
port demand; therefore Company formed on a
safe and reliable basis las 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
inve stment 10 its stockholders.
Leases can be effected with parties who will
contract to sink wells without expense to the
Company, giving the Company a royalty or
share OF the Oil produced; but so valuable Is the
location and SO aattering the prospects Of sue
cess that the Directors have resolved to sink
wells on the Company's account. thus securing
the entire product that may be obtained.
With this object they have authorized the sale
of few Thousand shares only, which are here
with open to subscription.
No Company has been formed on more sub
sfantial basis. The STOCK - NOT wAfERED; ITS
HOLDERS WILL STAND on AN OQuAL FOOTING. The
shares will be sold on the only correct pi incple
viz at their par raIne. 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 an
early date. As there il room for five hundred
wells ON the Kerr Farm, the Trustees confidently
expect handsome and immediate returns.
SsJscription Books, for tie sale Of The Stock re-
serrsd a. Working Capital, are opened for lins-
tied period, at the otqceo
JOHN Il. sWlTs 4 CO.,