Smyrna times., 1865-09-13

PROSPECTUS
CHEAT RIVER
OIL AND MINING CO.,
WEST VIRGINIA.
Organized ltnder Charter from the State
West Virginia.
Territory, 1000 Acres. Front, about Miles,
Capital Stock, SJ0O,OOO,
DIVIDED INTO 100000 SHARES,
Par Value. s5 per Share Subscription Price, % per
Share.
$4,000 Shares ReserUed for Working Capital
Chief Office, at tMORGANTOWN, MONONGALIA
COUNTY, WEST va.
Corresponding Office, at ODESSA. DEL.
Branch Office, HARPER, DURNEY & CO., Bank.
ers, SIS South Third Street, Philadephla.
OFFICERS OF THE COMPANK
PRESIDENT,
DR. ]. F. BIRD, N. e. Cor Eleventh and Green
Streets, Philadelphia.
VICE PRESIDENT,
WILLIAM H. ELLIOTT, Germantown, Pa.
TREASURER,
JOHN APPLETON, Odessa, Del.
SECRETARY,
DR. B. F. CHATHAM, Odessa, Del.
DIRECTORS,
DR. JOHN f. BIRD, Philad'a.
VIM. FL. ELLIOTT, Germantown, Pa.
| WILLIAM G. SPENCER, Germantown, Pa.
| JOHN APPLETON, Odessa, Del.
| WILLIAM POLK,
| WIN. S. VANDYKE,
ED. C. FENIMORE,
TIIOS. LAVENDER, MiGdletown, Del.
| VIM. J. GRIFFITH, Head of Sassafras, Nd.
| This company holds fee simple in tract ofove,
1900 acres of land, lying the east side of Che al
river, in Monongalia County, West Virginia, about
FIVE miles from its junction with the Monongahels
river.
The land is heavily timbered with White Oak
lChestnut and Locust, and abounds in Iron Ore ant
Fire Brick Clay, Of superior qualities, and has run
nng through its entire extent two veins of Coal on
feet and the other feet in thickness.
The indications Of the presence of Oil are yer,
hne; there are numerous Salt Lcks on the premise.
and gases escape from some of the ravines an
springs which burn freely upon the application o
hre. There is river front Of at least FIVE miles il
extent, thus affOrding ample boring territory.
The property is also intersected by small stream
running into the Cheat river, along the courses q
which, no doubt, wells can be advantageously sunl
In the neighborhood of this property, several we'll
are IN progress, with fine show of Oil
| The adjoining property, containing about so
acres, has very recently been sold for S5OOOOO.
Cheat river takes its rise in the Aleghanies an
emPties into the Monongahela river, about nine mile
below MOrgantown, West Virginia, and about fou
miles from the mouth of Dunkard Creek, in Green
. County, Pennsylvania consequently these two river
= lie IN the same valley, 30 celebrated for III
iyielding Of Oil.
Twenty-Five thousand shares of the Capital Stoc
nave been appropriated and set aside by the Direc
ors, for working Capital.
The Company is now thoroughly organized, wit
. a competent Superintendent and a corps of worh
men on the land, with new and excellent macbiner
and boring apparatus in operation for the rapid d,
veioPment of the property.
In view of the aattering prospects for obtainin
large developments Of oil, the contiguty of the Ian
to some of the finest oil producing regions in n
country, and the abundance of fuel and large eIter
OF boring territory, the Directors confidently sntic
Pate being able to make as profitable returns 10 III
Stockholders for the amount invested, as any othe
\ organized Company.
There remain unsold only about 10000 shares G
capital Stock. Applications for subscriptons I
this balance may be made to the President or Seer,
eary, or to Harper, Durney e. Co. Bankers. S
South Third Street. at the branch Office ;n Ph'I.ds
P"na junl4-2t