The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1866-01-25
Capital 10000 Shares,
SO. Each.
Principal Office ofthe Company, Norway, Ne.
OFFICERS
Trustees

The property OF the Company consists Of the Leas-
of One Thousand Acres of Land in the very best
Oil Districts of Canada West. These leases are for
twenty years, and the lands have been selected
Fy our Agent after vast deal of critical examna-
tom and in this labor he has been assisted BY some
of the best judges OF "On Shows" In Canada. The
Records have been examined, and we have from the
Register at Sarnia, under the seal ofhis Office an alb
stract from the Records showing that our titles are
perfect Those who projected the formation of this
Company, for the purpose of securing the BEST
lands, instructed their Agent to spare no pains in
the work. and the result has been the obtaining of
property that bears the stamp of its value upon its
very face. The lots were selected within the limits
of the great Oil Fields of Enniskillen and Moore the
line commencing just east of PETRoLIA and on
SPRINGS, and running westward to the st. Clair
River. Here was the first discovery of OIL and here
have been the most remarkable wells. In this section
wells are sunk more cheaply than in any other place.
the first well put down at Oil Springs 1.-THE Shaw
Wel having yielded five hundred barrels per day at
depth of only two hundred and orsy-six feet.
Such is our land-one thousand acres of t--and
this is what we have done with it: 1t has been
put into thirty thousand shares of stock at 1--WE dol
lars per share, which is its absolute value in good
faith; and the sum of thirty thousand dollars-or
TWENTY PER CENT. OF THE CASH CAPITALS
PiouoOu DO a WuhAuS Cdpitais ucFetOpnS dD-
solutely and entirely fer the benefit of the stock
holders. --4 t
Now we ask any candid, reasoning man-Is it
possible that Thirty Thousand Dollars can be ex-
pended by an experienced agent upon that one thou
sand acres of land, without giving a good yielding
well, especially when consider that in all that
section there has not yet been single failure! Wells
are yielding all the way from eight barrels to two
hundred barrels per day, and the Gil is now selling
ct the tanks purchasers furnishing their own bar
rels) for twelve dollars per barrel in gold. Now let
us suppose that the company, by the application of
its working capital to the best of its land finds well
yielding only fifteen barrels of oil per day; and to be
the safe side, let call the oil only worth ten dol
lars per barrel Now deduct the royalty of ten per
cent, and also twenty-five dollars per day as the
highest possible amount Of incidental expenses and
you will find that the net income for WELL tor the
working days of the year. viii be thirty-three thou
sand dollars, paying interest Of twenty per cent.
per annum, upon the whole capital STOCK Consider
ing this and then considering the vast opportunities
offered by capital and land, are not the chances
as fifty to one that more than one hundred per cent
will be the annual yield of interest?
1t is safe TO say that the working capital will put
down at least five wells, with Acknowledgements
steam engine TO each WELL In short, pledge that.
&c. to you who thoroughly posted in OIL matters,
and who know the value Of that Kind of property,
we put the queston:-Where can you find another
scheme so liberal and safe to the purchaser Of stock
as this inst look t.-yau getting this land for
one hundred and fifty dollars acre, WITH FIVE
WELLS DOWN, ALL EQUIPPED FOR WORK; and
the shares are subject to no further assessment,
and cannot possibly lay the holder under liability of
any kind. One thousand acres of Oil Land with FIVE
Wells DOWN. VIII there not be likely to be some oil
And is this all Do you not understand that the
moment producing well goes down, the value of
land is increased ten fold? The company will have
leases to sell well oil and agent assures us
he shall be greatly disappointed if cannot before
the year is out, if the company should elect. els
pose ofleases enough to pay us back for all land
and yet leave than we can successfully oper-
ate upon.
But this thousand acres is not all. The original
movers in this scheme have secured two-thirds in
terest in the midst OF the flowing wells of PETRo-
Liza. The Waite g. Parsons Well is upon one side
Of it, and the well Of the Hartford Star Co. upon the
other-both flowing wells, and neither of them thirty
rods distant from land OF this interest we bave
a perpetual lease, and on the Esd of the present
month DR.. Thompson four AGENT received letter
from the proprietor OF the land offering him two
thousand dollars to relinquish the bond which he
held for said lease. But the bond was the property
Of the company, and cannot be bought On this land
onr firstwel is going down; and the very first mon
ey paid in goes to that end; and our agent gives
US his word that when We have placed the "curren-
cy in his hands he viii have well down in ninety
days from the time of the striking of the first blow
and he furthermore tells only what all tell us who
acquainted with that section, that he goes at the
work with the same degree of assurance with which
he would dig in the earth for water. r
And now we ask that you will come forward and
lend helping hand towards developing the vast re-
sources Of this property. The thirty thousand dol
lars already appropriated will do much, but If the
Comply is disposed, there may be actual working
capital of one hundred thousand dollars employedbe-
fore the expiration of the year. And here let it be
understood that every holder of stock, be it
less becomes o member OF the company, with the
privilege of voting at all its meetings; and to every
such member the books of the company are at all
proper times freely open.
PORTLAND OFFICE No. "a MIDDLE ST., Room
No. l. where the Treasurer Of the Company may be
found, and where fun particulars may be obtained.
Jan 25-d3t -rTrw