The Pulaski citizen. [volume] (Pulaski, Tenn.) 1866-current, 1867-01-25

In 1855. perty of workmsn sinking an artesian
well upon one of the tributaries of the Tombigoee
River struck oil ats depth Of little over six nun
dred feet which lowed upwards OF seven WseNsS
COVERING the surface Of the river for distance OF
more than fifty miles. 1t has often been the stse'
too, in sinking ordinary wells, that OIL has eohs
to them IN such quantity as to render the y aeI IN
st for use An instance Of this kind occurred OF
the banks Of the Muscle Shoals several years SINCE
Upon Shoal, OewPens blus y assLl 80 s 1,iS.-
and Second Creeks, in Lauderdale county cpflhS
Franklin, Town and Big Nance IA AawFeneel
Flint and G0taco IN Aorgaas aessene aaa lo5le
IN Limestone, and Flint, hurricane etc., IN Alsil
son. the indications Of oil ARE not exceeded BY those
of any portion Of the great oil range WIthia inc
States Of Kentaeky. Tennessee or Alabama. 3eT-
ritory having equally good indications can doubt
less be found esewkeTe in the latter state nQg its
distance from transport alton must for the present,
considerably lessen Is valNes1
There is Scarcely a locality above mentioned in
which the Company not the FIST among the
hrst to lease oil lands and il has therefore, reoa-
bly, larger amount Of Wel selected territory than
any Company in the country.
Prof. SafOrd's Geological Survey.
A gee logical survey of these lands has Just been
made by Prof j Al Stafford, late State Biologist q
tennessee who spent two months IN their eXalIll-
nation. His report, which, together with care
| fully prepared map Of the territory, win soon be
completed and pablshed for the information Of
stockholders and others Interested, that its
geological formation is the same as that Of Penn
sylvania, Kentucky and 0eerton county, and shat
there can be doubt whatever of the existence OF
petroleum throughout the entire region of country
where it is located. Aside from Prof. Saord's high
l
with regard to the geology OF tins section, have
been adopted by all the most eminent members of
his profession in the country who have visited 1t,
entities hisrePoTt to the very highest eonsidera-
ton.
working Capital, Etc.
! The Board of Directors have placed 1000 shares
of the stockn the market, to be sold at SO 90 per
share, to raise working capital and IN Gaze sub
scriptions in any eoanty are sufficient pay for
putting down one mere wells, the anountso sub
seribed viii be expended n that county. In TINS
all he
/ the development and of the expenditure Of the
amount raised by them. This is PROPOSE on the
Directors believe, which the inhabitants of every
] county where the Company have lands, who de-
sire to know their value for mining purposes,
should be sure to avail themselves Of
/ The Company already have four oil boring ma
/ chimes in Tennessee and one in Alabamas ready to
commence operations and hope to have at least i've
| wells going down in very short time Their ter
rtory also isso great and varied in extent as 70 Sc
care for them not only the benefit Of their own de-
veopment, but of that Of the numerous ether com
panies ncse lands situated in the vicinity Of
their owns OF these, quite large.number are put
ting down wells in the Immediate vicinity of lands
of the Company, aud if successful this fact alone
! viii doubtless make its stock worth nearer par
! than its present subscription price. Superinten-
dents for the yarious protested wells have also been
engaged who have had several years Praetieai ex7
peTienee in the oil regions Of Pennssi wants ana
West Virginia.
transportation, Etc.
hollands of the Comp any, except in some eases
where the surface indications have been unusually
promising have been selected with particular refer
ence their nearHess to transportation, either by
water rail, fact Of very great Importance II
estimating the value of its property.
Parties owning lands having oil or mineral indi-
cations of special excellence, are invited 20 COM
muuieate with any officer or director OF the Com
pany. at
Efficient and reliable agents are wanted in tn
various l0eaiitiesst to procure subscriptions TO tn
stock to whom reasonable com pensatlOn wall b
paid Applicants should address the SecretarY5 a
Pulaski, Team a Applications may also be made .
the Secretary by mail, and certificates viii be re
turned without delay.
Subscriptions to the stock may be made Of an!
+ officer or director Of the Company