The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-08-08
THE OIL REGIONS.
Correspondence or TINE HERALD.
PIossER, Pa. August 8, 1855.

Tile has ris and glory crowns the house OF Petroleum
the first last and forever How easy is TO tell pro-
Queer from any other morta His hal hal is like clap
Of thunder He foes out" like q true follower OF
Uncle Sam, pasronzes the barber expands his lungs
and draws In peg at the waist white shirts,
growls at the walters sits extra half hour at dinner
he will import his wine year. speaks TO
buyers in voice that might DO mistaken for the King OF
Tho Cyciops and to all othera In his melllfuous
tones; shakes hands promscuousy with all except
those who presume to offer him money exchange for
OIL and by OF contorons Incident the last quo
tations expands bis face 70 the proportion OF Luns
full" Your correspondent having deposited bis
last s.raise 1874 61 in the bottom OF 'dry hole,
seven hundred feet under ground, shakes his
paw sadly In corner then joins the fuaced fraternity,
and after demonstrating beyond doubt that the Ro-
bers torpedo will produce oil where mono exists,
generously sells for enough to pay weeks board.
Shade Of the original Rohschid why cannot everybody
own q thousand barrel weil2
FIRES
SIN continue to play hot occasional among the oil tanks
and Notwithstanding their extraordinary heat throw
cooling Influence the general citation or spirits
6inoe my last l havo 10 chronicle two, involving an
aggregate loss of thing two hundred thousand
dollars No broke out yesterday morning, at hapast
SIX at Phole City, spreading over large extent or
country, known as tho "Holmden and "Rooker" farms,
and destroying less than twenty producing wells
including about fourteen thousand barrels or oil IN isrks
No occurred this morning. the head OF the Great
choice spot of oidom and DESTROY day production OF
upwards Of two thorsand barrels, besides immense
amany 1lsany soSacsa ~ aan, v .. ased hv
small dam thrown the ayine and the loss confined
TO two derricks. with their engines and machinery and
about three hundred barrels Of OIL THIS FIRE had SIN
Ruiar origin and will serve as warning TO all who sro
interested In oil tanks Three we're at work with
picks near tank enclosed in rough board house Tho
door swung open just q spark was emitted from the
point oa pick BY conclusion with piece Of flint rock
Inn
Of the and causing slight injuries to the other two
CAUTION TO THE
The action OF the HErALD In refusing further recog
milton 10 Petroleum Board appears to give universal
satisfaction. The wells and leases represented On
gogue and those who really possess valuable interests
To dispose of arc convinced that tho home market the
only adj van'age0us either for buyer seller Men
who make blind Investments in oil TO 10 swim
dod aud the only chance to got IS 10 swndic
one else. This has been going on long enough and
should no stopped The effect Is highly detrimental 10
the producing IL dsrust in tho minds
OF all but the initiated In the commodity ITSELF while
the real responsibility lies with few anscrupuious
spectators
To those who wish 20 invest in oil wells say most
enphaticay, Come here and examine what you buy.
There are scores OF opportunities FOR profitable invest
nens, but you cannot reap the benefit OF hom In New
York. Theirs must be, from the nature Of the
investment which can be made but there are also
good chances OF realizing Immense profits from
small capital provided that capital Is handled ndiciousy
and under the supervision of tho Tho eDcourag
ing prospect consequent upon tho CONCLUSION or peace
and the great demand for export has given new life TO
the Whole community. Those who already have pro-
ducng wells working for more and those who have
not are struggling u get some May success attend
thom
Producers rather unsettled in opinion in regerd to
the continuance OF present prices They unable 20
obtain reliable Information concerning the supply on
hand for export, upon which hnses lac chauce for
action previous to the fail dcn,aud. This uncertainty
will cause ready sales the buyers viii advance
at tho wells In proportion to the advance New York
This they will not DO Mt present. and In fact they are
aiways backward on this point Asa result urcnas8rs