Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1865-05-29
THE
DAVENPORT / coil CREEK
CO.,

|lGluULGUWU w.,
vonnngo Coanty. Penn.
Property of the Company, venango Co., Penn.
Office Of the Company, Davenport, Iowa.
Organi-ed under The La,rs. Of The State Of losca
CAPITAL STOCK. $4,000
Divided into $1,000 shares of 80 each. 100000
reserved for Working Capital.
Hon JOHN L. DAVIES President, Davenport,
Iowa.
Thomas scorr, Treasurer, Davenport, Iowa.
JoHN l.. SwiTs, Secretary, do do
Il. NJ. JACKSON and JESSE WELLER, Superintcn-
dents at the Works Titusvie, Pa.
John l.. Davies, Davenport, Ia,
Jesse Weller. do do
Jerry G. Conklin, do do
Howard darlington, do do n,ec,ors
Geo. w. kepner, do do
James Armstrong, do do
Jas. u. Edmonds, Iowa City, do
II. N. Conklin, indianapolis, Ind,
Property:
The Comp%ys property consists Of the Fee
Simple of the valuable Kerr or Thompson
acres, more or less, situated in the heart Of the
Oil region, Nenango county, Pennsyly ana on
East Oil Creek, about one quarter mile above its
junction with Oil Greek proper, and on the road
leading from Titusviile to Pleasanton, two miles
distant from the former place. This proper y adj
Joins the lands of the 4Etna and Northern Light
O.lCompanes, on which DEVELOPMENTS are being
rapidly pushed forward with every prospect Of
success; and is opposite the lands Of the Guild
Farm Oil Company. Of New York the stock Of
which was quoted in New York May nth. ut 900,
on which are several productive wells in opera
ton and more being bored. The celebrated
Drake well, the first ever sunk on Oil Creek is
but mic from this property. The lands Of the
kingsland Parker Company which fifty
barrel fowing well has just been struck and the
Watson and Pennsylvania Oil Creek Companies
OF Philadelphia, are in its immediate neighbor
hood. this latter Company Pcnnsylvania Oil
Creek situated on the now widely known and
Justly celebrated "W atson Flats " ia the oldest
Company in this region, and is now amply repay
Ing the stockholders for their patient labor and
liberal expenditure, in the steady yield from thcs
Continental, L. >. Grant and other fine wells
all Of which are almost in sight ofshe ract herein
described. \ fine stream Of water called
"Thompson's Run t.a;crses the whole length
of the property through the center On the
Run above and beyond this property several
Pittsburgh Companies are now sinking wells so
that it is completely surrounded by evidences of
large production Of oil, soon to be developed
u
portion OF low ground and is capable or being
bored i'll very many places.
Remarks.
The past year has proved beyond al doubt and
to the most skeptcal mind, that we are to have a
steady yield of this valuable staple-Petrolcum:
valuable not only as an article Of large domestic
consumption, but as an article for which there is
already an immense and steadily increasing ex-
port demand; therefore a Company fol med on a
safe and reliable basis las is claimed this Com
pauy is having in fee such tract of land MS the
Kerr Farm, - the development of which, being
pushed rapidly and cnergetcally forward, cannot
fail Of ultimate success, and Of being profitable
investment TO its stockholders.
Leases can be effected with parties who will
contract to sink wells without expense TO the
Company, giving the Company royalty or
share Of the Oil produced but so valuable is the
location and so fattering the prospects Of sue
cess, that the Directors have resolved to sink
wells on the Company's account, thus securing
the entire product that may be obtnined
With this OF ject they have authorized the sale
of q few thousand shares only which are here
with open to subscription.
No Company has been formed on more sub
stantal basis TnE STOCK ~ NOT warEnrp: ITS
HOLDERS WILL STAND OK AN EQUAL FooTISG The
shares will be sold the enly correct pl inciplr.
viz atthetr par yala,. Lastly, there is so lit
tie Of it, that even ten barrel well will paw reg
ular monthly dividends. With common success
its price should reach very high figures at an
early date. As there is room for five hundred
wells on the Kerr Farm, the Trustees confidently
expect handsome and immediate returns
Subscription Books, for the sats Of Tie Stock re-
serred as Working Capital are opened for a lin.
It'd peraod, at Tie office Of
JOHN l.. SVITS 4 CO..