The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1865-01-07
The West Virginia
National Petroleum Association.
An Oil Enterprise upon New
Principles.

THE undersigned have secured the right to purchase
several tracts of land in Writ and Goane counties, Wcs
Virginia lying in the best Oil Reg m of that state, ant
containing over 1000 acres all Of ich have been Sc
lccttd with great aud examined and reported on
10y Professor William +. Roberts.
The price of the lands averages about $50 per acre
less IMAM ontcnth of the customary pii OF on Terri
tory tracts having been lately sold in same neigh
i"rhoud within two miles Of Of these, "a $1,000 pei
acre.
1t il proposed to organize this Association to purchase
tn. Lands. and furnish working capital cveCc them
5o,ooo shares will be sold ut SI00 carl whclI vii
SlOU0r0.
RI subscriptions not taken for less than twenty-five
shares.
Before paying for any tracts the titles will lie carefully
examined by competent counsel in Virginia and an adj
donu geological examination made of them by an cx-
pcricnced gcoogst aud in Of unavorabe report
Of amy tract either rs to title value Oil Territory
such tract will not be taken and the capital Of the As
Sociat"n proportonably reduced.
As Fast rs sufficient subscriptions made and the
proper examinations completed, the tracts will he taken
possession of and wells put down rapidly as capital
and energy can accomplish the work
In working the lands the system of leasing parts for
ROYALTY will he adopted in order to deycnpe largo
body as rapidly AS practicable. After securing all the
tracts ttrolnlly reported ON they will be formed into
FIVE Companies under the general Law Of West Nir-
O0o shares Of Sl0 each Company owning onc-fth Of the
lands purchased. and having 100000 working capital.
Each Subscriber To this Association will receive
fifth of his subscription in the stock Of each of the Conn
paics.
James Lin ESD. has consented to act as Trustee for
c HHN"ci"ii III "rdcr 10 rrccN" the subscriptions FOR
Stock, and pay for and hold the titles to the lands.
A. soon as 10000 share, shall have been subscribed
temporary Board Of Officers will be chosen 10y the sub
ScrhrrS 10 supervise the examination of the lands and
manage the affairs Of the Associations until the several
Companies are formed and urgani2cl
iv i, 'nr" I" ',' on production ana trad" IL Just
eEihnihS !" NC UNDERSTOOD ana appreciated: new uses
are daily found. and the demand is rapidly increasing
m @S M Of u 1n I rhn oil 'e snn From t the
quote the following in confirmation Of this view;
THE operations in on Company Stocks again
angG '%vSrT sac, Oh ZONE o 'nres. Prices ruled
instances and the shares Of m h "tt c i s"'| 'sM
p.cs firm. The stocks several Of the compa-
mics are coming to be considered Investment securities,
Hh IF ''s i'Ee "',i frSnary rn lhe
but the widrnci field and increased nm, d." mGt
Keep pocc with the uses to which the oil il, applied and
nr%. are msIn'mS In" n"rns excitement in Greene
on oil creek and the Gxccmcnt on t sn n suinc t
all aglow in Virginia Southern Ohio and Northern Ken.
lucky The success t!r attends the search for oil in the
t%g"1s name" Is i"''mI grc, excitement and al
in snrc hcr" is Scarcely "a ""b "T,," r " %
Produced establishing source of wealth hithcrto IN
known or; II kho"' nh"pl'r'cmt"d.
rt of tnrHr n, lIiy elected ayn t Ir ,c , tue
rory. or too small "A capital In such an rmrrrr., as
his. with an enormous Territory in the best oil region,
selected ny 'r ",,t c"p'trn. Judges am with album
The INVESTMENTS and nr,t. ars "n, T1o ,or gam,
per nnnu low c,inat" of the profits on the amount
invested inc land VIII always be worth more than the
IN ' t c.i,n 'IE p ny h. Cto acre" Of %nd
out for town ,this being expressly authorized Iy th
law Of West virginia under which the Companies will
nG nrnrinrtc anu these 1ts SOFA at moderate price
0nefti will be rrour"d to be pniJ On ,yny ,,ro .,
the time of subscription, the balance as required
not more than one-i' on each share to be called in
one ,r .'ne, .,cr., .,
Any Nv ';' , i''lee""l, sup'''l! 10 'nci'
'i'"" ',.'..'s '"' 'ne ,csv''' en'eIlr oilers
" n"'c, s"lti "''', cheaper investment man any
Hn r'l''' l'i,v l'' suited ana earnestly invite
'''r,i 80 l,''u''n ~ ''lS"'e It's success;
'7upHe' l'',i'' ~ - |ii"'e' e"nilo' DC made
''t ,!., ~ ~, VI '",',"t!y ,eA':
Ia''S any ''''ic information can De OBJ
i 'lo.'' ',h'' y, '"c "n"',SlSned' or rom
1nieS L1'io' LN'l', NO. % SCUM sixth street,
=" Wn",i' SUBSCRIPTIONS are pnid.