Smyrna times., 1866-01-10

PROSPECTUS
u eFHR -
CHEAT RIVER
OIL AND MINING CO..
WEST VIRGINIA.
OTga6assd ~adsr Charter from the State O
West FTginia.
Territory, 1900 Acres, Front, about Mils,.
Capital Stock, s5OO,OOO,
DIVIDED INTO 100000 SHARES,
Par Value IS per Share Subso ription Price. 90 Nor
as'OOO Shares Rs'srssd for Working Capital.
Chief Office, at MORGANTOWN, MONONGALIA
COUNTY, WEST VA.
Corresponding Office, at ODESSA, DEL.
Branch Office, HARPER, DURNEY & CO.. Rank
erS' % South Third Street, Phllad, lphIu.
OFFICERS or TIE COMPANY
PRESIDENT,
DR. J. F. BIRD, N. E. Cor FL, venth and G,ssn
Streets, Philadelpha.
VICE PRESIDENT,
WILLIAM II. ELLIOTT, Germantown. P.
TREASURER,
JOHN APPLETON, Odessa, Del.
SECRETARY,
Dh. B. F. CHATHAM, Odessa, Del.
DIRECTORS,
DR. JOHN F. BIRD, Philad's.
VIM. III. ELLIOTT, Germantown. Pa.
MILAN M &: SPENCER, Germantown, Pa.
JOHN APPLETON. Odessa. Del
WILLIAM POLK.
WIN. S. vANDYKE,
ED. c. FENIMORE,
TlIOS. LAVENDER, MiddIetov,n DJ
WM. ). GRlF FIFTH, Head of Sassafrps, Md
1000 acres of land lying on the ems, s;da 1 Owe.
Fl'er' IN Monongalia County, West Virginia. ahon,
hve miles from It's junction with the Mononr,Lo1a
river. ~ -10"o"g aheia
The land is heavily timbercd with White O,LI
Gnestnut and Locust. and abounds in Iron Ore ,nd
"o D'icA Tlay' OF superior qualities, and has run
nlng through ITS entire extent two veins of C,.I 90
y tt4nfi fa,i0
The Indications Of the presence of Oil are x.rv
nue. 'here are numerous Salt Licks on the premises
anu gases escape from some of the rnyinrs md
springs which burn freely upon the application of
hfe' lhere is river front Of at least five miles in
e1IGnt' tent mus aftording ample boring territory.
Inc property Is also intersected bv small stre,n,
running into the Cheat river, along the corrsoa -
wnich. no doubt wells can be advantapeouslv sunk
In the neIghborhood of this property several wells
are IN progress, with fine show of Oil
ne ADJOINING property, containing about $500
acres has very recently been sold for S5OO.OOO.
meat river takes ITS rise in the Aleghanies and
emPtIes INTO the Mnnnngahela river about nine r,;Io
below Morgantown, West Virginia, and about G,nr
miles from the mouth Of Dunkard Creek. in Greo,a
County, pennsylvania, consequently these two river
lie m the same valley, now SO celebrated G,r tha
yielding of Oil. io' '''e
Twenty-Five thousand shares of the Capital Stock
nave been appropriated and set aside bv The D;rao,
ors, for u working Capital.
Inc Company is now thoroughly organized. with
4 competent Superintendent and a corns or v,orL
men on the land, with new and excellent m,cb;norv
ana boring apparatus in operation for the ranid de-
Velopment Of the property.
In view of the fiattering prospects for obtaining
large developments Of oil, the contipuity of the InS
10 some OF the finest oil producing regions in the
country and the abundance Of fuel and large extent
VI oofng territory, the Directors confidently ant;
pe'ng able to make as profitable returns IN the
otocknoidcrs for the amount invested as anv o,brr
organized Company. % any O'"ef
There remain unsold only about l., 900 shares NJ
y CaPtai Stock. Applications for subscriplions ~
tnls balance may be made to the President or Sccre
saiy; or 9T, TO Harper, Durney & Co. Bankers, IS
phia. 0''''' IA 'ni'acei'