The Portland daily press., 1866-01-26
Trustees /:

Inc property OF the Company consists OF the LeaS-
es of One Thousand Acres of Land in the very best
Oil Districts of Canada West These leases are for
twentyone years, and the lands have been selected
by our Agent after vast deal of critical examina-
ton; and in this labor he has been assisted by
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 alb
stract from the Records showing that titles
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 Ennskillen 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 cheaply than in any other place.
the first well put down at Oil Springs 1.-THE Shaw
We) having yielded five hundred barrels per day at
depth of only two hundred and foriy-six feet
Such is our land-one thousand acres of it-and
this is what we have done with it: 1t has been
put into thirty thousand shares OF stock at five 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 oAPITAL-is
pledged as working capital, developing fund.- alb
solutely and entirely for the benefit of the stock
holders.
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 good yielding
well especially when we consider that in all that
section there has not get been single failure? Wells
are yielding all the way from eight barrels to two
hundred nor dau md no 90 cali
at 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 bestofits land, finds well
yielding only fifteen barrels of oil per day; and to be
on 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 income for we tor the
working days of the year, will be thirty-three thou
sand dollars, paying an interest Of twenty per cent
per annum, upon the whole capital stock. Consider
ing this and then considering the vast opportunities
offered by our capital and land, not the chances
as fifty to one that 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 teen-horse-power
steam engine to each Wells. In Short we pledge that
So to you who are thorogghly posted in Oil matters,
and who knpw$3he value of that kind of property,
we put the 4nsstion Where can you find aii0ther
scheme soh6fsl and safe to the purchaser 81 stock
as this Jnstlook it-yau are getting this land for
one hundred and fifty dollars an acre, WIFE FIVE
WELLS DOWN, ALL EQUIPPED FOR WORE; 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! Will 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 our
land is increased ten fold? The company will have
leases to sell as well as oil and agent assures us
he shall be greatly disappointed if cannot before
the year is out if the company should SO elect dis
pose ofleases enough to pay back for all our land
and yet leave us more than 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 & Parsons Well is upon one side
of it, and the well of the Hartford Star Co. upon the
otherboth flowing wells, and neither of them thirty
rods distant from our land Of this interest we have
perpetual lease, and on the 23d of the present
month DR.. Thompson four AGENT received a letter
from the proprietor of the land offering him two
thousand dollars to relinquish the bond which he
hed i0r SAID lease. But the bond the property
of the company, and cannot be bought On this land
onr first well 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 'scurren-
cy" in his hands he will 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
are 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. -.
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 an actual working
capital of one hundred thousand dollars employed be-
fore the expiration of the year. And here let it be
understood that every holder of stock be it more or
less, becomes a 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. GA MIDDLE ST., Room
No. 1, where the Treasurer Of the Company may be
found, and where full particulars may be obtained.
Ian ok-d2t