Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1865-06-14

DlIB III & q tllt
PETROLEUM CO.,
venangs Csunsy. Psna.
Property Of the Company, vsnaneo Co., Penn.
Oaes II the Company, Dsvsnpsft, Iowa
Orgssissd ssder tAs Lace u ~ State u ss0s.
CAPITAL STOCK, elss. 80.
Divided into $4,000 shares Of eis each. $4,000
reserved for Working Capital.
Hon. JOHN L. DAVIES, President, Davenport,
JOwa.
TnoxAs scorr, Treasurer, Davenport. Iowa.
JOns l.. Swns, Secretary, do do
B. \. JAcx.ox and J.s.s w.LI.a. Superintsn-
John L: Davies, Davenport, Ia,
Jerry G. Conklin, do do
Howard Darlington, do do n;....,..
Geo. W. Kepner, DO do D"ss'o'.
James Armstrong, do do
Jas. b. Edmonds, Iowa City, d.
n. n. Conklin, lndianap0lis, Ind,
Rropertys
The Company's property consists Of the Re
simple Of the valuable Kerr or Thompson
Farm" containing one hundred and nine (l09)
acres, more or less, situated in the heart Of the
Oil region, venango county, Pennsylvania, ON
East Oil Greek about one quarter mile above its
junction with Oil Greek proper, and on the road
leading from Titusviile TO Pleasanton, two miles
distant from the former place. This property ad-
joins the lands Of the 4Etna 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 2Ot,
on which are several productive wells in opera
ton and more being bored The celebrated
Drake well, the first ever sunk on Oil Greek, il
but mile from this property. The lands Of the
Kingsland Parker Company, on which . fifty
barrel flowing we'll has just been struck, and the
Watson and Pennsylvania Oil Greek Companies,
Of Philadelphia, are in its immediate neighbor-
hood, this latter Company, Pennsy lvania Oil
Creek situated on the now widely known and
Justly celebrated "Watson Flats, 10 the Oldest
Company in this region, and is nov amply repay
ing the stockholders Tor their patient labor and
liberal expenditure, in the steady yield from the
all of which almost in sight Of the tract herein
described. fine stream Of water called
.'Thompson's Rum traverses the whole length
Of the property through the center. On the
sRun" above and beyond this property several
Pittsburgh Companies are now sinking wells, so
that it is completely surrounded by evidences Of
a large production Of oil, soon to be developed
and realized. This tract comprises a large pro-
portion Of low ground, and is capable Of being
bored in very many places.
Remarks.
The past year has proved beyond oil doubt, and
TO the most skeptical mind, that we are to have
steady yield Of this valuable staple-PetrOleum
valuable not only as an article Of large domestic
consumption, but US an article for which there is
already an immense and steadily increasing ex-
port demand; therefore Company foi med on a
safe and reliable bhsis 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 stmcnt to its stockholders.
Leases can he effected with parties who will
contract to sink wells without expense to the
Company, giving the Company 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 b. obtained.
With this object they have authorized the sale
Of few thousand shares only, which are here
with open 70 subscription.
No Company has been formed on more sub
stantial basis. TnE STOCK Is NOT wArEREp; rrs
HOLDERS WILL STAND ON An RQrAL FOOTING. The
shares will be sold on the only correct 81 inciple
viz at their par ralue. 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 al an
early date. As there is room for five hundred
wells on the Kerr Farm, the Trustees confidently
expect handsome and immediate returns.
yubscription Books. for the sale Of the Stock re-
sevred a. Working Capital, are opened for lin
tied PERIOD, dtthe office of
JOHN l.. SVVITS Il CO.,
mvQOfr Nickoll's Rlock Davennort lava