The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-02-11
DRosPECTUs OF THE PROPOSED
I OIL WELLS COAL COMPANY
or PENNSYLVANIA.


Of sos snS
originated with the protector time since during stay
G coal and r.; ss1s
q coal would interfere with Working the engine: 10
ing the works the river and seeing the troubles Of the
engineers keep up steam on green WOOD and scarcity Of
demand for Goa, :. the prs.sn. tim. ~ The district.
500 tons per day. while the number Of engines nov
and being constructed FOR the coming operations
The number Of engines being sen, 70 TIL. district has svr
works being delayed in consequence Of the dcu In
TO supply this demand is the business for which hi:
pany is be formed and taking into the Sc
proaSle and desirable YET entered into in
s 10 s ne
Geological surveys thorough examinations have been
Containing ao only with s
@ q & hs:
and has been considered most advisable 70 purcnsse az
not the and u.s.. :sGas
aiors object coal banks q great
The Following sasfaetory and interesting informa
great N year on G: the beds S:s, e <.
ssasSdi Il. ' r.
eounie. w.sIins.cn township and other points from an
the river These banks have been WORKED FOR about twenty
years by the owning the land TO supply themselve.
or compelled .hcI and such the demand such the
. eesE @ these BANKS S and reaasSy The
offer extra Inducements 70 the farmers 70 Dig the COAL and
The vein: are from three . four feet thickness.
5 sy s. nc % Err: :S: ssr
nation allowing the water 70 run on and the coal 70 be
ss s. H on s s
drills extend farther than hundred and hy the
has been made in working that they stick 70 the
as AND
drsd bushels day which sells a the mouth o. che
forty cents as there are often several teams waiting
ssy s % hs S
out 2 load or wait another day
e steam .. spsns &C. on City coal ,
rather than be dependent MARKET the
81 sDs is win ).
By the annexed schedule and map consist 81 I'VE farms and
Within three miles the Tons creek re- s'e; nssbs
on as.Scss % TonsssS on The HssSsDy r S dssncs
Of four miles and thence with the current 70 point on
Is on descending grade II Is proposed 70 establish a
wharf and depot this would market for the
~. other farm . situate n Honest. township ysnsnso
and than miles Of Lscyown TO which place
coal may be hauled and shipped naiboss from The
three perpetual leases Fbus arc about eeh.
H. coal may S b. Ss g Sra. ss 70
months sold at the mouth Of the drift The coal II OF
very superior quality, and the vein very thick
s ss% ss sE,-.s:' s.s '
third the demand.
lowest price ., which coal has been sold any time
during the past year has been el4 per Ut OIL City.
The highest price has been $50 per ton
fair average price has been s2e per ton. :.
done, tho demand increasing much greater than
the supply SIX such companies were In operation Hence
prices cannot falL
$40 ION b taken price which the coal may safely
be calculated 10 realize
Then 700 lone days operatons a, So 90
Less Cost, zUS'
Daily profits. Observation-Disclosures. % 600
about Sl20 month. which calculation would fairly
enable the company from the hrst month with
monthly dividend paying stock Of cent on
s2Vooo and leave about $4,000 month for sinking
fund. N I'll
Although these asurss sre they are nev.rhss..
on the Hudson worth 70 New York; what 70
Fsirmounu What 70 Boston the immediate vicinity
Here the oil region this coal eagerly sought after In
quantity far In Of the supply higher prccs than
eosl sells for In other Of these citiss
One half undivided interest the above 10 offered sale
upon advantageous terms, 70 parties competent 70 form
Of properties and titles
For Psrcuas principals may address nor ssa Post once
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