1866.] 
AMERICAN AGRICULTURIST 
157 
RENO OIL AND LAND COMPANY. 
CAPITAL, $10 000,000. SHARES $100 EACH. 
STOCK Gl'AEANTlID. 
.M 
in the 
For every Share of guaranteed Stock issued, the par value (One Hundred Dollars) will be placed in the hands of Trustees, and by them deposited 
TREASURY of the UNITED STATES, or invested in GOVERNMENT SECURITIES, 
And may be Withdrawn by the Stockholder at any time. 
President, OAliPSHA A. GROW. 
Vice-President, CHARL,ES V. CULVER. 
Secretary—WM. BKOUGH. Treasurer—E. F. BKOOKE. 
DIRECTORS. 
lion. GALUSHA A. GEOW. Rb>-o, Pa. 
Late Speaker of the U. S. House of Kopresentatives. 
Hon. C. R. liANSO.M. Boston, Mass. 
U. S. Bank Commissioner for New Englsind. 
Hon. SIDNEY DEAN. Providence, R. I. 
Late Member of Congress, Editor of the Providence, Press. 
HENRY A. SMYTIIE. Esq. New Yock City. 
President of the Central National Bank. 
LUCIEN H. CULVER, Esq. New York City. 
Of Culver, Penn & Co., Bankers. 
Hon. AUGUSTUS FRANK. Warsaw, N. Y. 
Member of the House of Representatives 3Gth, 37th, and 
3Sth Congress. 
Major JOHN L. WILSON. Madison, Ind. 
Late of tlio United States Armj'. 
Hon. THOMAS S. STANFIELD. South Bend, Ind. 
President of First National Bank of South Bend. 
Hon. CHARLES V. CULVER. Franklin, Ra. 
Of Culver, Penn & Co., and Member of the Present Con¬ 
gress. 
ALEX. BRADLEY, Esq. Pittsburg, Pa. 
President of Tradesmen's National Bank of Pittsburg. 
JOSHUA DOUGLAS, Esq. Meadville, Pa. 
President of the National Bank of Crawford Co., Pa. 
Col. JAMES H. BOWEN. Chicago, 111. 
President of tlio Third National Bank of Chicago. 
GEORGE H. RE.\, Esq. St. Louis, Mo. 
President of Secniid Nation.al Bank of St. Louis. 
TRUSTEES OF THE FUND. 
Hon. .JOHN J. CISCO, New York City, of John J. Cisco 
it Son, Bankers, and late Assistant Treasurer of tho United 
States .at New York. 
DENNING DUER, Esq., New York City, of James G. 
King’s Sons, Bankers. 
The estates of the Reno Company consist of TWELVE 
HUNDRED ACRES of valu.able terrilorv IN THE HEART 
OF THE OIL REGION OF PENNSYLVANIA. They 
were selected by lion, CIIARI.ES V. CULVER, the jire- 
seiit Representative in Congress from the Venango district, 
P.a., and the senior m'-mber of the Banking House of Cul¬ 
ver, Penn & Co., New York City. He purchased the lands 
soriio years since, being convinced of THEIR GREAT 
VALUE AS OIL TERRITORY, and as the site best 
adapted for building the great central commercial town of 
the oil regions. 
Believing tho property to he. of immense v.aliie, and yet 
unwilling to place a stock upon the market which might 
involve even the possibility of loss to stockholders, it has 
been determined to issue a 
GUIMNTEED STOCK. 
The snbsoriber to the stock pays one hundred and five 
dollars for each share. Of this, one hundred dollars will bo 
placedin the hands <*f Trustees; for deposit in the. UNITICD 
STAVES TREASUIIY, or invested in GOVERNMENT 
SECURITIES, tluis to be held as a jdedge for the redemp¬ 
tion of the stock; and five dollars will be placed in the 
Treasury of the Company as a contribution to tho working 
fund. Five dollars on each share make 
The Working Fund $500,000, 
the largest of any Company ever organized, and snifficient 
to develop the entire territory. It gives an assurance of 
success that lias never been afforded to the stockholders of 
any other Company. 
Hon. John J. Cisco, tho late Assistant United States 
Treasurer at New York, and Denning Duer, Esq., both 
prominent and well-known Bankers and gentlemen ofthS 
highest character and position, have been selected by tho 
Directors as Trustees of the Fund. They hold tho money 
thus deposited and invested, to be returned, If 
called for by tbe Stockliolders, at any time. 
It remains in the hands of the 'Trustees until the stock¬ 
holder shall have received in dividends from the earnings 
of the Company the full par value of the stock—tliat is, one 
htmdred dollars for each share. It will tlien have iiroved 
its great value, having paid for itself once, and will need no 
further guarantee. "I'lie stoe.kliolder will continne to own 
his stock, only without the gu.aranteo for its redemption. 
Stock Always Redeemable at Par. 
It will be seen that the return on demand of one hundred 
dollars for eaelt sliare. of the stock sold is secured beyond a 
contingency, and that the risk of tlie stockholder is con¬ 
fined entirely to the five doll.ars paid by him on each share 
of his stock, and the use of his capital nniil he sees fit to 
withdraw it. Ho receives, however, all tlie dividends de¬ 
clared while lie holds his stock, and enjoys all his rights 
and privileges as a stockholder. 
Tlic Property of the Company. 
The property of the Company is situated at Reno, upon 
tbe right bank of the Alleghany river, in Venango County, 
Penn., in the centre of the oil district in that Sta e. It em¬ 
braces Twelve Hundred Acres of Land, and 
includes tbe silc of tbe town of 
gether with all the buildings and impj-ovements lliereon ; 
all the wells upon tho property producing and being sunk; 
all tlio structures, fixtures, engines, machinery, tools, and 
])ersonal property of every description connected with tho 
premises. 
Tlie lands extend back from tho river, nearly two miles, 
including, for tho wliolo distance, tho valley of Shaffer 
creek and its tributaries, ami, for tho groaler part of tho 
distance, tho valley of Bannon run, making' about 
Four Bliles of Horing; Territory, producing 
every leatii.o of oil lands—hill, stream, low land, and ravine. 
Reno has a front upon the Alleghany river of eight thou¬ 
sand feet—a little more than a mile and a half. This front¬ 
age is of great value, as the channel is deep, and steamboats 
can lie along the entire length. 
No Reno Well has Failed to Yield Oil. 
A few test wells have been sunk in different parts of the 
estate, with uniform and eneonraging results. Not a 
Well ba.s been sunk wbicli'ba.s not pro¬ 
duced Oil In Paying Quantities, yielding a 
permanent and a steady supply of a superior quality, while 
in some of the most productive localities in the oil region 
scores of wells have been sunk without the smallest show 
of success. 
The Revenue Commission, in its report to tiie Treasury 
Dc[iartment, February. 1866, showed that there were 197 
oil farms in Venango county. But four farms report every 
well jirodncing, and of these four the largest number of 
wells is on the'EENO property. There is room on the Reno 
estate for 
mE TIIOTSANO WELLS, 
without interfering with each other. 
One hundred wells, yielding only ten barrels a day each, 
at six doll.ars a barrel—a price liiuch below the average 
price of oil at Reno —would give one million eight hundred 
thousand dollars a year of income, making a net profit of 
probably fifteen per cent, over all expenses and taxes of 
every kind. If large flowing wells should be found. A 
SINGLE ACRE OF THE TERRITORA’ MAY A'lELD 
THE ENTIRE CAPITAL WITHIN TWO A'EARS. Tho 
Company has contracted for putting down fifty wells, and 
the work is already commenced. It'is the intention to sink 
Three ILundred Wells, as soon as practic.able, or 
as many as may be necessary to fully develop tlie property. 
The Company is subject to no rental. It is the absolute 
owner of the properfy, and receives the entire product of 
its wells. 
Another Mode of Selling the Stock. 
By the payment of ten dollars, any person may have a 
share of stock put aside for him until April 1st, 1867. At 
any time before that day, he may jirocnre a full-paid share 
of guaranteed stock, by the p.ayinent of an additional sum 
of one hundred dollars. This “ oi'Tion,” or right, enables 
the purchaser to await further develoiiments of the Com- 
jiany before investing tlie amount required to purchase full- 
paid shares. He may have his money otlierwise invested, 
or 80 placed tliat he can not readily realize, and a year's 
time w ill give liim tho opportunity. The options may rise 
in value, and become as marketable as any other stock. 
The ojition aids in the'development of tho property of tho 
Company, as one lialf of tiio price is placed in the Working* 
Fund. The pnrcliasers of tlieso options will be enabled to 
vse their meansfor an entire year, and yet retain the 
right to take the stock by paying par fin- it) even thotigh 
within the time it may he w'o'rth two hundred dollars per 
siiare. 
The dividends of tho Company are to be made semi- 
aniuially,in the montlis of Slayand November of eacli year. 
The first dividend day will be the third Wednesday of 
November next. If the property is rapidly earning money, 
the liolders of (qitions can, if they desire, liefore that date, 
pay for the stock and secure the first dividend, or they can 
wait the result of tlie deveioprnent until the first day of 
April rollowing, liefore deciding to take the, stock. 
In addition to tho oil lauds, the company owns the 
Thriving Town of Reno, 
with its lots, leases, water fronts, etc. They are now being 
sohl and leased for business purposes and dwellings. The 
entire property bedongs to the stockholders. They will 
receive the large revenue to be derived from the sale. 
The sale of intoxicating liquorsis prohibited in all con¬ 
tracts for lots Sold by the Company. Oil refining and oil 
miniiiir are not permitted within the built-up district. Tho 
natiTral scenery is pleasant and nnsurpasscfl. d hore aro 
springs of fresh water in the hills beyond the town, abund¬ 
ant for all the domestic purposes of the people. Streets aro 
gr.aded, and sidewalks will be built. Sites have been set 
apart for churches, public schools, municipal buildings, and 
])arks. A liberal endowment has already been made for a 
public .«chooI of high character. 
The water front is so much in demand, th.at portions of 
it have already been sold at tlie rate of mure than .a half 
million dollars for the whole. The landing is the best on 
the Upper Alleghany. The town is the terminus of the 
Reno Oil Creek, and Pithf)le Railway. It is one of the prin¬ 
cipal stations on the Atlantic and Great Western Railw.ay, 
and in a year will be the intersecting point of several other 
roads now being built. A large and increasing business now 
centres at Rexo, and it must become tbe METROl^OLIS 
OF PETROLEUM, as Chicago has become the metropolis 
of grain. Reading of coal. New Orleans of sugar and cotton, 
aiul San Francisco of gold. 
The Reno stock is virtually 
A Lvj^al-Tender Oil Stock. 
It boromes one of the safo.^t investments in the market. 
No panic, no effect of fire, flood, wc.ar, orcliange, can dimin¬ 
ish its value. So long as the Government's Trensnry is 
sacred, so long as the Government’s seenritios rcpre.sent tho 
honor and the wealth of America, so long will Reno stock 
be the s.ii'est invest.ment in the world. Every stock¬ 
holder not only has tho security of his capital, but the 
chance of participating in liie most successl'iil business of 
tills generation, and receiving immense profits. No other 
American stock has so m.any elements of profit and security. 
The guarantee of the trustees makes each stockholder’s 
money sure as a deposit. The oertaintj' of petroleum being 
in the Reno lands makes tbe money safe as a business. Tho 
right of immediate redemption makes the stock convenient 
as a legal-tender. The absolute nwnersliip of tlie lands, of 
the wells, the river, wharfage and railroad privileges, to¬ 
gether with the town, gives everv stockliolder an interest 
that .MUST BECO.ME MORE AND MORE VALUABLE 
EVERA'YEAR. IT IS IN REALITY A NA'IIONAL 
I’ETROLEUM STOUK, AND MUST TAKE ITS PLACE 
IN THE MARKETS OF TIIE AVORLD AVITII THE 
BEST AMERICAN AND FOREIGN SECURITIES. 
Subscriptions 'svill be received by agents, and by the principal banks and bankers throughout tho country. Prospectuses and other information wiU 
he furnished by agents, and by SAMUEI. T. HOWAKR, Subscription Agent, No. 21 Nassau St., New York. 
Subscriptions Avill also bo received by HENRY A. SMYTHE, Esq., at the CENTRAL NATIONAL BANK, New York; Messrs. WINSLOW, LANIER 
& 00., Bakers, No. 52 Wall street; and Messrs. CDLYER, PENN & CO.; Bankers, No. 19 Nassau street. New York. ' ' “ 
