Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1865-01-13
DESCRIPTIVE CIRCULAR
oFTHE
HOPEWELL OIL COMPANY.


capital-s2OOoOe shaTss.-2OO,OOo Par Value, 90.
Hon JOHN ROWE, President.
J. SIMPSON AFRICA, Secretary and Treasurer
DIRECTORS.
". s. FLE4cHHn, Mcconnolsburg, Pa.
JoHy RowR. Gseencastle, Pa.
+. BEsEDIcT, Bedford, Pa
j. IL. SEYMOUR Hagerstown, Nd.
J. c. EyERHART, MartInsburg, Pa
JoHS J. ScHELL, Somerset, Pa
c. P. RkEsDKLL, Oil City Ps-
The property OF this Company consists Of zoe Of
land in fee simple situated the west side of the Ale
gheny river short distance above he mouth Of Scrub
Grass Creek in Scrub Grass Township, Venango county
Pa 1t has frontage along the river of mile, Eilh
good boring sarface for the whole distance Two good
oil wells in operation the east side Of the river
Immediately opposite the property of the Co
The following in regard to adjoining tract 1s taken
from On editorial in the Philadelphia Psce current OF
December IL
is ch that the oil bearing strata which supply the wells
on the Middle Section Of Oil Creek from the Washington
McClintock Farm the north to the Buchanan on the
south) pass under this propey the range Of the
strata certainly bringing the localities into this u
III relation Other data obtained from Investigate on
of the conformation of the ground and the underyI
rocks lead to the same conclusion, VIZ; that tne ma u
belt of OIL which extends down from the
and supplies the wells the Washington, &ceilntoci
Egbcrt Stone Tar, and Buchanan Farms, sweeps dow
st farther the south southwest direction cor
responding with and controlled by the inclination OF the
strata and underlies this property 1t is well ascertain
ed by the testimony aged respectable residents that
the Indians years ago. gathered Oh from the surfaee OF
the ravnes this property and used II Tor rheumae al
fectons.
gathered and used the oil for the pupose Of applying 1t to
Fails and bruises on their horses Oils fot years
to exude at number places among others at the root
of old stump the bank Of the Allegheny rlyer ana
in the rayine alluded to.
years ago, the then owners OF the tract with one
or two Of their neghbors, bored well, few feet above
the old stump The first vein of oil was struck at the
deph Of 2S6 feet and the second at 400 ee experien-
ced man from Oil Creek employed to tube the well,
which produced Of oil three quarters of an Inch
in diameter. The of the WE'LL not satisfied Win
its production, pulled out the chamber, and drilled
some feet deeper when they struck salt water IN large
quantities and Of great strength Believing that the
facture of salt would az the tme yield them better
roft they arranged their seed bags in the wel so rs u
enable them to exclude the oil and pump the salt water
Stil oil was pumped along with the water in such guam
titles as to gather upon the top of the from
whence it was collected barreled and sold.'
There every reason therefore, to believe that the pro
perry Of the Company is rich in its supplies Of OIL The
inclination of the Strata proves, conclusvey that those
supplies of oil on Oil Greek have higher tereE than the
obearng rocks this property and that consequently
the supply will be permanent than that OF Oll creek
itself The large Of boring territory equal % that
of half dozen companies Oil Greek, boatlandSng on
the Farm with the advantage of navigable streaE or
the transportation of OIL and the certainty Of the szls
of large quantities. OF coal upon the tract makes 1
property of incalcuable value =
The Company about preparing to sink several wells
and confidently expect the early development OF oil IN
paying quantities
The plan Of organization adopted by the Company com
mend itself public approval from the fact that place:
no fictitious value upon its Stock bat confines the sale OF
shares strictly to their par value.
limited number of Shares can be had by applying tC
the following named gentlemen:
F. Benedict, Bedford Pa
Jacob Reed, I" q
B. F. Meyers, g
]. Henry schell Schelsburg, Bedford County, Pa
James Lowther Altoona Blair County, Pa
S. S. Barr, Hollidaysburg, Pa.
C. W. Ashcom, Hopewell, Pa
T. H. Kauser, Hagerstown, Nd.
s. II. Prather 4 Co., Greencastle, Pa.
J. Hostetter & Co.,
]. J. Phillips Waynesboro,
John S. Miller, Huntingdon, -
Samuel Henry, 4"
W. D.. McKnstry, Mercersburg, I"
And at the Office af the Company No. 435 Walnut St.
Philadelphia
dec.23,64.