The Republican. [volume] (Oakland, Md.) 1877-current, 1907-02-21
Prospectus of Yough River Oil and
Gas Company Of Garrett County.

Gas Company Of Garrett County.
For many years past it has been
matter of almost universal belief that
oil and gas exists in paying quantities
in Garrett county, Maryland.
This belief has been accen tuated and
intensified by the discovery of oil in diff
ferent springs and water courses in
what is known as the ''oil belt" as de-
fined by men who profess to know where
the oil exists in this section of the
country.
With the object of developing the
territory, corporation has been form
ed, under the laws of the State of
Maryland, under the name of Yough
River Oil and Gas Company of Garrett
County with an authorized capital of
$4,000, divided into 1000 shares of the
par value of $1,000 per share.
In every movement for the develop
ment of new Oil and Gas territory
more or less uncertainty naturally ex-
lists as to the outcome-in other words,
iti is looked upon as venture merely,
and this effort to definitely determine
the existence of Oil and Gas in this ter
ritory in paying quantities, is not diff
ferent from the same conditions hereto
fore met with elsewhere.
The main question for decision by n
intending investor is this will an hon
est test be made of the Oil and Gas pro-
ducing possibilities of this territory? If
an honest test is made then public spir-
itedness on the part of the citizens of
Garrett County should induce them
without hesitation to subscribe to the
stock of this Company and help public
enterprise.
If success comes and the Oh, and Gas
is found in paying quantities, rich re-
ward will be theirs who have subscribed
to the stock of the company.
The development will result in en-
HANGED values to real estate in this
county, and such prosperity as only
comes to those communities where these
natural products are found
This company is Differed by men who
are identified with the development,
growth and prosperity of Garrett Coun-
ty, and their connection with the enter
prise should be sufficient evidence that
an honest test will be made, and the
money entrusted to them will be Judi
cially expended and faithfully account
ed for.
The books of the company will be
open at all times to the inspection of
the stockholders and the exact condi-
ton Of the company can at all times be
known to those interested.
The Company has already secured
leases upon 10000 acres, and its hold
ings cover the greater part of the sup
posed 'Oil Belt" in Garrett county.
The stock OF the company is offered
for sale at par $1,000 per share.
Terms of subscription % per cent.
to be paid at the time of subscribing;
rs per cent. when the first well is locat-
ed 25 per cent. when the first we'll is
down 500 feet, and 25 per cent. when
the first well is down 1000 feet, or if
Oil or Gas be struck at less depth
than 1000 feet then the last payment of
25 per cent. will be- due and payable.
Parties desiring to pay their subscrip-
tons in full at the time of subscribing
are at liberty to do so, and certificates
of stock will be issued to them at once.
/ All payments on account of subscrip-
tions to the capital stock of the COM
pany are to be made to A. G. Sturgi..,
Treasurer.
The officers of the corporation are
Major j. M. Burns, Morgantown, w.
Va, President; Chauncey Kimmell,
Oakland, Vice President; A. G. Stur-
giss. Oakland, Treasurer; N. S. Helm
del, Oakland, Secretary. The directors
are VIM. R. Stull, Oakland; J. M.
Burns, Morgantown; A. G. Sturgiss,
Oakland; John E. Wood, Baltimore;
A. S. Teats, Oakland; Chauncey KIM
nell, Oakland; j. w. Alderton, Mt.
Lake Park; L. T. Yoder, Pittsburg;
Samuel w. Vandersaal, Pittsburg; F.
A. Thayer. Oakland; j. T. Mitchell,
Oakland, and E. H. Sincell, Oakland.