The Cadiz sentinel. [volume] (Cadiz, Ohio) 1864-1911, 1866-05-16
ESTABLISHED A. D. 1882. '5zz - :.

square rod, and they paid US the twS thou
sand dollars extra for the privilege OF pub
| fishing to the world that they had an inter
est in the parcel of land belonging to Th,
Tar-Spring Flowing Oil Wells Company
And now let me tell you something
| about that wel!-tor this figure to which
| have drawn your attention indicates the To-
catson Of the we'll You see it is just with
| in an indenture made into our territory
This well was put down by two, gentlemen
from New YoIk--a Mr.. Alpheus Fetchem
of the firm of Fetchem L. Holdum, and t
Mr. Zerubbabel Straitener, of the wei
known banking firm of Straitener, Gold
| fish 4 Co. At the depth of cDly eight
| hundred and seventy-two feet the massive
and pondcrous iron drill, with its solid rod
was elected from the well by bursting forth
of oil. No preparations had been made iol
taking care OF the oil at this stage OF oper
ations, and before tanks could be set W
and the flood stopped, the circumjaceht
territory, for miles around, was completely
inundated with oil. Perhaps you have
heard something Of the celebrated law suits
between the owners Of this well and the
farmers thereabouts. The latter sued the
former for the injury done to their grow
ing crops by this strange inundation, and
the former sued the latter for dipping VI
and carting off hundreds Of barrels of theil
oil, The matter was compromised, how
ever, between the parties, the farmers being
allowed to keep the Oil in consideration OF
the injury done to their crops. 7y.a n
''And now, gentlemen, | ask you to look
,at the chance | offer you We few who
have bought this land have spent all we
had in the purchase, and now, in order to
sink the wells, we must have funds; and,
mark you, those who come in first will share
with US the profits" 5.sa aa -.
At this point a somewhat stupid individ-
ual veDtured to suggest that he should
think, if the land was as valuable as he had
represented, those who already owned it
would hire money, and sink their own wells,
and thus reap the whole OF the harvest that
was so sure.
The agent gazed upon the querist with
plying wonder. =. .....-. .... ....-. ....
why, bless your dear soul, my friend,
there are only SIX of us who own this land,
Within year we must have hundred wells
down; and those hundred wells will be yield
ing five hundred barrels of oil each per day.
That would be fifty thousand barrels, which,
at five dollars per barrel, would give us a
clear income Of two hundred and fifty thou.
sand dollars per dayl Can six men attend
to that business? Perhaps you will tell me
that we could hire men to attend to it.
Let me tell you that the temptation to EN-
bezzlement would be too great. No,-we
want men who will be equally interested
with U.S. We must have five hundred men
who will put in eight hundred dollars each.
That will serve to pry what we had to bor-
row to get deed OF the land and leave us
a sufficient working capital to 20 on as we
all shall determine. Hyou will look at the
figures carefully you will find that the abso-
lutte net income Of each individual will be
flee hundred doilors per tloW Perhaps you
can make better investment of your mon
ey. lfyou can, and will show me the op-
portunty, you may count me in"
The agent answered all questions prompt
", substantiating all he said by maps and
diagrams, and well authenticated reports.
1t was as clear as the sun at noontide. -
There could be no doubt about it.
Rooney Podkins went home and opened
his old oaken desk, and theretrom small
tin trunk. ,.... ....5 .'....... .r.a... .-...
Rooney, what are you doing?" asked
his wife. .e.. ...-.
Il am just goin' to make you open your
eyes with wonder, my DEAR And as he
spoke he drew forth bunch of new-crisp
United States Seven -Thirties. There were
ten of them, of one hundred dollars each.
"Are you going to throw away that mon
ey, Rooney Gr.t a =.
Not exactly, my darling; but I'm goin'
to put eight Of these things where they Il
bring me back more money than you ever
dreamed of. y
And then Rooney went on and related to
his wife all that the agent had told him.
He had all the figures laid up in his head,
and could repeat what he had heard almost
word for word. au. a4sseaH .
'And who are the men that pretend to
own this land?" asked Betsey. f.
THE men that oma it, replied Rooney,
'are all great business men--some Of the
heaviest men of New York and Philadelphia.
There's Mr.. John Skinner; and a Mr..
Lot Dedhammer; and Mr.. Solomon Phoo-
lum; and a Mr. Ezekiel Tartoot Them are
four New York men, and everybody who
does business in that section knows that
they are relialle men. One OF EN- is a
President of bank, and one Of EN- has been
in Congress-. "a t.# .-u.st H.as
Rooney Podkins, if you go and put that
money in there, you'll be sorry for it. y FL .As
why, blessyour soul, haven't you got
no faith in ileg''
"Not when it comes in that shape, Room
ey. | know there are good many paying
companies; and if you was bound to put
your money out in that way, I've no doubt
you could find safe concerns among some Of
them. But would like to know at least
one of the men who had the management Of
the business Before I'd risk such an
amount as that, I'd be sure that somebody
was at the head of the company that
knew" I-4 IL
But Rooney could not see it. He had no
eyes but for the immense wealth that Was to
come to him from Petroleum. and after q
deal of argument he was suffered to take
eight hundred dollars and march off with
it. . --. .s,,...i... .,.i v.,..,.....,
At the end of an hour Rooney returned,
and exhibited to his wife a certificate entitl-
ing him to one share in the entire stock and
property of 'Ihe Boiling Tar Spring Flow
ing Oil Wells Company.
There" said he, as he spread open the
handsome document, and exhibited the seal
and the signatures, Il can just tell you that
that ere bit of preperty is to-day worth
more'n ten thousand dollars and in one year
from now it will bring me in FIVE hundred
dollars day Goodness graciousl Only
think of it Perhaps Rooney Podkins will
pound leather ON his old lapstone after this!
Rahdps he will And perhaps he'll live in
this little one-story hut. | think l see him
doing it, ,.
'But Betsey shook her head.
why cried Rooney, q little indignant
ly, haven't there been any quantity Of for
tunes made in ale2'' ..t,g a.1...,T
| "Yes, Rooney, know there has. But
'tisn't such as you that makes EN-. A care
full man wouldn't have been led where
you We been led. Ah, Rooney. you' re too
eager to getrieh all Of sudden. Take my
ttJNo;+ .rd Goa ~ '.-.,.