The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1866-01-27

FREELAND HOWE, Norway Maine.
y SYLVANUS COBB, JR.,. .......
HON. VIM. WRIT vIRGIN.... i"
rs ALBERT THOMPSON, M. d..
LAFAYETTE CULVER, ESQ.,. Boston, Mass.
The 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
twenty-one years. and the lands have been selected
by our Agent after vast deal of critical examine
ton; and in this labor he has been assisted by
of the best judges of ''Oil Shows In Canada. The
Records have been examined, and we have from the
Register at Sarnia under the seal ofhs office, an alb
stract from the Records showing that our 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 It's value upon its
very face. The lots selected within the limits
of the great Oil Fields of Enniskillen and Moore the
line commencing just east of PETRoLIA and OIL
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 sunk cheapy than in any other place,
the first well put down at Oil Springs tthe Shaw
Wen having yielded FIVE hundred barrels per day at
depth of only two hundred and for;y-six feet
Such is our land-one thousand acres of it-and
this Is what we have done with 1t: 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 CAPITALS
pledged working capital, developing fund, alb
solutely and entirely fer the benefit of the stock
holders. .4,Uissga aG .E
Now we ask any candid, reasoning man-Is it
possible that Thirty Thousand Dollars can be ex-
pended by experienced agent upon that one thou
sand acres of land, without giving good yielding
wei, l,-especially when we 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 oil is selling
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 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 for the
working days of the year. viii be thirtythree 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 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 10 say that the working capital will put
down at least FIVE wells, with horsepower
steam engine to each well In short, we pledge that
So, to you who are thoroughly posted in Oil matters
and who know the value of that kind of property,
we put the question Where can you find another
scheme liberal and safe to the purchaser of stock
as this Jnst look it-yau getting this land for
one hundred and fifty dollars an 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
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 ou1
land is increased ten fold? The company will have
leases to sell well oil and agent assures us
he shall be greatly disappointed ii we cannot before
the year is out, if the company should so elect dis
pose ofeases enough to pay back for all land,
and yet leave more than we successfully oper-
| ate upon t-ili PC il- .a III yliA '+-
| 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-
LA. The Waite s. 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 have
perpetual lease, and on the 23d 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 h,
held for said lease. But the bond was the property
Of the company, and cannot be bought On this lant
onr first well is going down; and the very first mon
| ey paid in goes to that end; and our agent give
us his word that when we have placed the "curren
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 us only what all tell us wht
are acquainted with that section, that he goes at thu
work with the same degree of assurance with which
| he would dig in the earth for water. eaE
n And now we ask that you will come forward ant
lend helping hand towards developing the vast re
sources of this property. The thirty thousand dol
lars already appropriated viii do much, but if tn
Comply is disposed there may be an actual workin
capital of hundred thousand dollars employed be
fore the expiration of the year. And here let it
understood that every holder of stock, be it more
less, becomes a member OF the company, with tn
privilege Of voting at all its meetings. and to
such member the books Of the company are at al
l proper times freely open. Io a1 r- 81"
PORTLAND OFFICE No. Ga MIDDLE ST., Rool
No. /, where the Treasurer Of the Company may b
found and where full particulars may be obtained.
| Jan 25-d3t