Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1865-02-10
DESCRIPTIvE CIRCULAR
OF THE
HOPEWFLL OIL con- ANY.

capita-s2oO0oo. shares.-2Oo,ooo Par Value, 90.
Hon JOHN ROWE, President.
J. SIMPSON. AFRICA, Secretary and Treasurer
DIRECTORS:
W. 5 FLErcHrR MeConnellsburg Pa.
JoHN Rowe. GreeHeastle, Pa.
i. BENEDICT, Bedford, Pa
J. II. SEYMOUR, Hagerstown, Md
J.C EyERHART. Martnsburg, Pa.
JoHN J. SCHELL, Somerset, Pa.
c. P. RAAsDELL, Oil City, Pa.
The property Of this Company consists of POO acres
land in fec simple situated the side Of the Ale
gheny river short distance above :he mouth of Scrub
Grass Creek in Scrub Grass Township Venango county.
Pa It has frontage along the river Of one mile, with
good boring surface for the whole distance Two good
oil wells are operation the side of the river,
Immediately opposite the property Of the Co.
The following in regard to adjoining tract, is taken
from an editorial in the Philadelphia Price curola, OF
December II
Tbe geological relation Of this property 70 OH Creek
is such 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 the
South pass under this property the range Of the
certainly bringing the two localities into this mutu-
al relation Other data. obtained from an investigation
of the conformation of the ground. and the underlying
rocks, lead to the conclusion viz 1hat the main
belt of oil which extends down from the north northeast
and supplies the wells the Washington, McCntoek,
Egbcrt, Stone Tar, and Buchanan Farms sweeps down
still farther the south southwest direction,
responding with and controlled by the inclination Of the
strata, and underlies this property II is well ascertain
ed by the testimony of aged and respectable residents that
the Indians years ago gathered oil from the surface Of
the rayne this property and used it for rheumatic Of
fectons.
In later times the teamster of Bullion Iron Furnace
gathered used the oil for the puspose applying
gals and bruises On their horses Oils for wears was seen
to number Of places among Others the root
Of old stump the bank Of the Allegheny river and
in the rayine alluded to.
few years ago the then Of the tract with one
or two of their neghbors bored we'll few feet above
the old stump The FIRST vein of oil was struck at the
depth of 2S6 feet and The second 100 feet experen-
ced from Oil Greek employed to tube the well,
which produced stream of oil three quarters of Inch
in diameter The Of the we'll not satisfied with
its production. pulled out the chamber and drilled
some feet deeper when they struck salt in large
quantities and Of great strength Believing that the
uacure Of salt would at the time, yield them better
profit they arranged their seed bags in the we'll
enable them exclude the oil and pump the salt
Still oil pumped along with the water, in such guam
titles gather upon the top Of the watert tanks. from
whence it was collected, barreled and sold
There IS every therefore, believe that the pro-
pcrty Of the Company rich in its supplies Of oil The
inclination OF the Strata proves conclusiyely that those
supplies oil Oil Creek have higher ierel than the
obearing rocks this property and that consequently
the supply win be Pegent than that Of Oil Creek
itself The large extent Of boring territoFY equal to that
Of half a dozen companies Oil Creek boat-anding
the Farm with the advantage Of a navgabe stream for
the transportation Of a and the certainty OF the exs-
Of large quantities Of coal upon the tract makes the
property of incaleulable value
The Company about preparing sink several wells.
and confidently expect the carly development Of oil in
paying quantities
The plan Of organization adopted by the Company com
mens Itself public approval from the that places
cttous value npon its stock but eonaes the sale of
shares strictly to their par value.
limited ntaber Of Shares can be had by applying to
the following named gentlemen.
f, Benedict, Bedford, Pa.
Jacob Reed,
B. F. Meyers,
j. Henry Sehell. Schellsburg, Bedford County, Pa.
DANES Lowther Altoona, Blair County Pa.
: 5. Barr, Dollidaysburg Pa.
6. w Ashcon, Hopewcl, Pa.
l. H. kauser, Hagerstown Md.
= H,Prather q Co., Greencastle Pa.
J, Hostetter a Co.,
III. Phillips, Waynesboro
John ; Miller Huntingdon.
samuel Henry,
w. D. MckiDstry, Mercersburg
And at the Office af the Company No 435 Walnut St.,
hiadeiphin-
dee23 64.