The Jeffersonian. [volume] (Stroudsburg, Pa.) 1853-1911, 1865-04-20

q This Company owns in fee simple seven
Ety-seven and three-tenths acres on the Eas
fside of the Allegheny River, in Rocklant
township, Venango County, Pennsylvania
Ii is situated five miles below the town oi
Franklin, opposite the mouth of the Wes
Sandy Creek, and has frontage of ITO rods
on the river. 1t is but short distance be.
low the celebrated Hoover well which is
yielding 200 barrels of oil daily. Other
yielding wells surround it in every direction,
and within the past few weeks two new
: wells have been struck in the immediate
Eneighborhood, one of which is producing dai-
aly 30 barrels of heavy lubricating oil worth
) at the well $50 per barrel.
4 A fine vien of Bituminous coal, easily &C.
acessible, is on part of the land, and in view
/ of the enormously high price of coal in that
region, is an important consideration, and
Twill enable the company not only to supply
4 Its own wants in that respect, but to derive
IAN income from its sale to others.
The adjoining properties are in the hands
3of good and prosperous companies, all in sue
3cessful operation, and it is believed that no
4 oil . company has started out with better
prospects for paying large and regular month
lily dividends.
This Company intend developing their land
without the least delay and for this purpose
have arranged for the necessary engines,
|tools, tubing, &C., all of which will be put
upon the ground and in operation as soon as
the season will permit.
In addition to their own wells, the Com
!pany also propose TO lease to responsible par
tiles portions of their land divided into lots of
10 square rods each, at a rent of one half
the oil, the Company to be at no erpenSe
!whatcrer They will have at least fifty
such lots to lease, all of which can be leased
lat once if deemed expedient, with covenants
binding lessees to sink wells with all posi-
|ble despatch to the depth of five hundred or
|more feet. Estimating, only one well to
each lot, fifty wells, at the very moderate
average of ten barrels each, would make a
daily product of 500 barrels. OF this the
ICompany's share would be $50 barrels.
Value of daily yield to the Company at
$50 per Barrel, $500.
Allowing $50 working days to the year, the
ICompany's annual net receipts from leases
|alonc would be Sl,S75,000.
The Company also intend sinking on their
own account, at least five wells. Should
they be successful with only one, it would
produce, estimating as above, yearly in
come OF S Io,OOU
From which deduct for expenses
Ga large estimate) $4,000
And it leaves an annual net income of 10000
ITO which add income from leases 1,875,O00
Making yearly income of $1,935,OC0
This is thought by those who are acquaint-
led with this locality, to be moderate estl-
mate, and yet it is easy to see that even this
amount of success would make the property
|of the Company in value, almost surpass be-
lief
The durability of this immediate oil section
lis illustrated by the fact that wells above and
below this property have been pumping over
four years, with steady yield, and without
|any diminution.
A Few PLAIN WORDS TO SUBSCRIBERS.
Subscribers to the stock of this Company
lcannot expect to receive Immediately large
monthly dividends; if they were able to DO
$50 they could not purchase it for ten times
the amount at which it is offered. But the
sDaSlS OH WHICH Lle COlilpdny IeStS, "llij IL iH
believed, make the investment entirely safe,
land, prospectively, of enormous uatne.
The President, Col. E. w. Davis, formerly
sof Franklin, Venango County, is we'll known
Fone of the most successful and energetic
business men who have engaged in the pc
ltroleum interest, and the responsibility I'D
Integrity of the other officers and Directors
/ of the Company, furnish a sufficient guaran,
lty that their conduct of the business
lof the Company will be entitled to the
confidence and approval of all who may
/ invest in the enterprise.
The Directors have determined to sell on
lily limited amount of the Capital Stock al
/ the subscription price of So per share, pal
value S5, the same being full paid up stock
! not liable to any further assessment, III which
respects the original subscribers, and those
I swho may now subscribe, stand on precisely
1.-THE same footing.
Subscriptions will be received at the office
! of the Company, 224 South Fourth St, Phil
4adelphia, or at the Office of the undersigned
A. REEVES JACKSON
Subscription Agent.
) 4Stroudsburg, Feb. l6, 1865.
Ia fctvofn1.'c Nnfirr