The Bedford gazette. [volume] (Bedford, Pa.) 1805-current, 1865-03-10

ne 0LUtilp ISinilUS Vii OtItpdtty.
CAPITAL si3O.OOO.
Development Fund $4,000.
10000 Shares, Par Value SL00 each.
No certificates of stock 70 be issued to the cor
poraJoTs until 1000 Shares shall have been sold for
the benefit of all the stockholders, in the further
Development OF the Company property.
#M. HARTLEY Pres't., Bedford, Pa.
Hon. 5. L. RUSSELL, Sec K Treasurer.
Hon. T. B. SEAvyoy, NJ. c., California -
W. D. MeKlNsrRg, NerceTsburg, Pa, :
Hon. SAMUEL DAVIS, Bedford, Pa, -
!. NJ SH EAAKER, do 8
6 w. RUPP, do
The property of this company is all owned in fee
SIMPLE and IS ali paid fori aud consists OF the FOL
10 wing tracts;
1si. Thst valuable Island known as the 'Lower
Stump Greek Isaud," containing acres and 93
perchesi situated in the Allegheny river, at the
mouth Of the Clarion river. On this island der
rick was erected IN the spring Of 1861. and
gine placed on the ground, but the war breaking
out ne parties sold off and eplsted.
ID The TJpnar Stump Greek lz'aHt,'' situated
but few RODS above the Lower Island, containing
acres and 20 peTehes, ioUr acres Of which are own
cd by this Company, On Whleb ere erected house
stable, &c.
Neither Of these Islands is liable to overflow, and
both well projected by stones and trees ag inst
/ washing. By reference to,the map OF Pennsy Viva
MA it will be observed that the Clarion rver emp
ties into the Allegheny at a point due South from
Oil Greek, and as oil IS found at FreePor' on this
line further South, have every 10 believe
that these islands IN the very centre of the great
OH Belt of Cennsy lyania. Besides all this they lie
lar below the Coal Measures.
Tie Company also owns one acre an1 sIXty-on
perches o. land, about 81 miles above he Upper
Island, at the mouth of Ritchey Run, the town
Of Emlenton, Nenango county, Pa, upon which i:
the celebrated Fox and Widel well, with new en-
gines, derrick, buildings, &c, &c, and the well
is bored to the depth OF 40 feet This we'll was
tubed at $50 feet and in few hours pumping yield
ed about barrel of ol! but the propretors de-
ternIned 10 sihk il deeper, and the company will,
as soon as possible, sink this we'll If necessary, to
the depth of 1000 leet The "Stump ISL
and Company own the WHOLE Of this WE'LL fixtures
and land, ana the development Fund" will be am
ply sufficient to complete this well and sink Others
in the Island There is besides, room enough OF
the Rtchey Rrn tract for several more wells.
! The property owned by this Company is al pyzc
tcal boring territory aud persons acquainted witt
the lands along the Allegheny and other oil stream
/ ing surface than many of the 800 tracts con
/ tain. In addition 10 this, basis will compare
fayorabiy with the large majority OF Companis
whose capital stock is five times as great.
| The services of an efficient Superintendent hsvt
been obtained, and the Directors determined Il
prosecute operations vigorously. Persons desirou
of securing portion of the 2i ,00o shares of stool
must apply soon, TO Hon. S. L. Russell. Bedford
Pa, at whose office subscription books have beel
opened for the sale of stock. at Sl.00 per share.
| Bedford, February 10, 1868.