Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1865-02-03
DESCRIPTIVE CIRCULAR
OF THE
HOPEWELL OIL COMPANY,

capital-s2ooooo shares-2oo,ooo. Par Value, ,sI.oO.
Hon. JOHN ROWE. President
J. SIMPSON AFRICA. Secretary and Treasurer
DIRECTORS:
VS.. FLETCHER, McConnellsburg. Pa.
JONI ROWE. Greencastle Pa.
F. BENapICT, Bedford. Pa.
J. II. SEYMOUR, HagerstOwn, Nd.
J. c. EyERHARr, Martinsburg Pa.
JoHN J. SCHELL, Somerset. Pa
c. p. RAMsDELL, Oil City Pa
The property Of this Company consists of 200 Of
land in fee simple situated the west side of the Ale
ghenv river short distance above he mouth of Scrub
Grass Creek in Scrub Grass Township. Nenango county,
Pa It has frontage along the river Of mile, with
good boring surface for the whole distance Two good
oil wells in operation on the east side OF the river
Immediately opposite the property OF the Co.
The following in regard adjoining tract, is taken
from an editorial in the Philadelphia Price Current OF
December II
.The geological relation of this property to Oil Greek,
is such that the oil bearing strata which supply the wells
on the Middle Section of Oil Creek from the Washington
McClntock Farm the north to the Buchanan on the
SOUTH must pass under this property; the range of the
strata certainly bringing the localities into this mutu-
al relation Other data. obtained from investigation
of the conformation Of the ground, and the underlying
rocks lead to the conclusion, viz: that the main
belt OF oil which extends down from the north northeast
and supplies the wells the Washington, McCmtock,
Egbcrt Stone. Tar. and Buchanan Farms sweeps down
still farther the south southwest direction, cor
responding with and controlled by the inclination Of the
strata and underics this property 1t IS wei! ascertain
ed v the testimony Of aged and respectable residents that
the Indians, years gathered OIL from the surface O
rayines this property and used 1t for rheumatic al
fections.
In later times the teamsers Of Bullion Iron Furnace
gathered and used the oil for the puspose OF applying to
gals and bruises their horses Ons Tor years was seen
to exude at number of places among others. at the root
of an old stump the bank Of the Allegheny ryer and
in the ravine alluded to.
few years ago the then OF the tract with one
or two of their ncghbors bored well few feet above
the old stump The first vein Of oil was struck at the
depth of 2S6 feet and the second at 400 feet eXperien
ced man from Oil Creek employed to tube the we'll
which produced Of oil three quarters Of an Inch
in dianc err The owners of the well, not satisfied with
its production. pulled out the chamber, and drilled
some feet deepr when they struck salt water IN large
quantities and of great strength. Relieving that the man
ufacure Of salt would at the time yield them better
profit they arranged their seed bag in the veil 50 as t'
enable them exclude the oil and pump the salt water
Still oil pumped along with the watcr IN such guam
titles gather upon the top OF the waer-anks. IRON
whence it collected barrelcd and sold.
There is every reason therefore to believe that the pro
uerty Of the Cumpany i rich its supplies of oil The
inclination the Strata proves concusivey, that tbos
supplies cf oil Oil Greek have hjgber iorc than th
obearus rocks this propery and that consequently
the supply viii be pcw"H" than that ot on Greer
itself The large extent Of boring territory equal 10 tina
Of half dozen companies Oil Creek boat-landing or
the Farm, with the advantage Of navgabe stream TO
the transportation of oil and the certainty of the eXs
OF large quantities Of coal upon the tract makes tn
property of incacuahle value.
The Company about preparing To sink several wells
and confidently expect the early development Of OIL Il
paying quantities
The plan Of organization adopted by the Company com
mend Itself to public approval from the fact thai 1t place
no fictitious value upon its stock put confines the sale
shares strictly TO their par value.
limited number of Shares can be had by applying
! the following named gentlemen
F. Benedict Bedford, Pa.
Jacob Reed.
b. F. Meyers
J. Henry Schgi. Schcllshurg, Bedford County, Pa
james Lowthcr Altoona, Blair County, Pa
;. ;. Barr, Hollidaysburg, Pa.
6. W. Asheom, Hopewcll, Pa.
l. IL. kauslcr, Hagcrstown. Md.
| :. II. Prather 4 Co, Greencastc, Pa.
J. Iiostetter 4 Co..
! ]. J. Phillips, Wayuesboro,
John = Miller, Huntingdon.
| Samuel Henry,
W. d. Mckinstry, Merccrsburg,
And at the Office OF the Company, No. 80 anut 81
hiiadcPhia
! dec.23,'GI.