Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1865-03-06

Petroleum Mining and Manufacturing Conpy."
has been termed BY the citizens Of that county TO
bore for "ile" in that, Jasper ard Lake counties.
It's capital Is $780, in shares Of S. esch and
the stock i being rapidly taken.
A mass convention Of the citizens OF Mont
gomery and Fountain counties IS 70 be held in
Charlottesville. on the 5th inst TO aid in the con
siEucioa OF The Indianapolis and Danville rail
road This is matter which deeply interests the
citizens Of indianapolis, as well as hepeopie on
the route Of the proposed road and our city should
be represented IN the convention There Is eve
~ reasonable prospect that the road viii DE built
fthe people on'the rouie will do what their inter
of great benefit to our city.
The route of arsiIrOad between Lawrence
burg aud New Albany. connecting with the &
G. road a, the former place. IS to be surveyed
early in the Spring. with every prospect of sue
cess.
We understand also that surveys will be soon
made with s view OF the construction of a rail
road from L4wrenceburg 70 Hamilton. This new
road is intended as connecting link between
the Atlantic and Great Western and Ohio and
Mississippi roads. and forming continuous broad
gauge route between New York City and ST.
Louis. The distance between Lawrenceburg and
Hamilton. upon practical route. Is about TWEEN
ty-eight miles. The object 10 building this lev
road lie TO avoid Cincinnati. by which twenty
miles will be saved. making considerable differ
ence in time and running expenses
The FEMALE COLLEGE or THE INDIANA Con-
FERENCE The commissioners appointed at the
last session of the Indiana conference 20 locate
a female college 70 be under the patronage OF the
conference. met in this CITY yesterday. The
board composed OF the following gentleman:
Prof Heyt, OF Indiana Asbury University, DR..
Raridan, OF Bedford: Rev Mr Harmed. of BED
ford; Rev. II. Hays. of Rockport; Rev. j. II.
Noble, and z r. Stoy, Esq Of this city. DR..
Bow man, president of Indiana University, and
one OF the commissioners, was absent.
The competing points for the location were
GreeDcsstle. Bedford and New Albany. Prof.
Hoyt ably represented the interests of Greencss-
/ tie; Bedford bad a most valuable, persistent and
determined representative in DR. Rsriden; while
Rev John Kiger, 2. r. Stoy. ESQ., and Rev. j.
| II. Noble presented the advantages of New Al
bany. After a full and patient hearing Of the
arguments in favor of each town asking the To-
cation, the commissioners selected New Albany
AS the place, and the Asbury Female College
and grounds AS the site of the college.
We have heretofore spoken of the high char
acter which will be given this institution BY the
Conference. In all regards il is to be the equal
of any female college in the union. Ii will as
speedily as possible receive an endowment of not
less than 100000. Upon il the Conference
will concentrate It's entire influence, moral and
financial, making it the eEclusire recipient of il.
| efforts in behalf of female education 1t will
therefore not be long in taking high rank, aud
we feel confident that the enterprise is based up
| on such secure foundation, and will be manag-
ed with such skill, financially and otherwise as
to place its permanence beyond peradventure
/ The proposition of Bedford subscription
of $50. 600 made up in lawrence county. paya-
bic one tenth January l 1866. and the balance
in equal quarterly instruments as the erection OF
the building required. Greencastle offered a
subscription of sl4 600 to be used in the cree
! ton of the necessary buildings. New Albany
offered the fine buildings and grounds of the
Asbury Female College on Main street, now
ready for the opening of the school. The build
iDgs are in excellent repair, and could not to dsy
| be pct CD and finished complete as thew now
stand for less than $50 900 The grounds are
worth not less than S. 600 more This property
is given to the conference by the citizens of New
ALBANY in fee simple for the location. The title
will be inalienable for college purposes The
site is one of the most beautiful in the state for
first class literary institution; and the commits
sioDers have shown an excellent judgment in
making the location.
2 On The citizens of Spencer county have
struck lie -Four springs have been discovered
| in the vicinity of Rockford The Rockford
Umpire is full of oil 1t contains a communi-
cation lengthy and oily. which locates the oil
springs as follows:
Zone is the spring west Of town on the
premises OF Dir Farley, two upon the premises
1 OF Mr. Hicks, and one on the lands of Colonel
/ Wood.
Mr. Farley's spring gives by far the best
evidence of oil. as all our citizens must admit
/ who have examined il The oil that seeps M
and flows from the spring of Dir Farley is no;
the usual indications of petroleum, from the fact
| that il comes out of the ground in almost re-
fined state with the most natural smell Of re-
/ fined petroleum, while the oils from the other
: springs comes from the earth in its crude state
| Hundreds of leases have been taken by doz-
en- different Companies, the oil to be developed
within one year from date of lease. The price
OF real estate has gone up over two hundred per
cent. in the last sixty days. Nor is oil the only
mineral If mineral il be called, which has been
discovered. Coal, lead. iron and copperss
abound in large quantities, and must 1T no dis
tant day be mined TO advantage Visions Of
wealth untold are dazzling the brains OF our
Spencer county friends, and like the maid with
the milk pail they already counting their
chickens Evansville Journal.
In the course of the recent debate ia Tia =
United States Senate upon the establishment
of civil government In the Indian territory
Mr. Line. of Kansas, said that the amsIgama-
ton between the Indians aud the blacks pro-
/ duced the finest race of men on the face of
the earth. He had seen specimens, and the