I'too bars CASH, wit andsrs Lout!Oil. City.—Tkm jetn since tod what it bow tty ltd Oil City, located at ihe mouth of Oil Creek, may hate been truth felly described aa containing a latent, store and smith shop. But the oil detelopmeats hate wrought awonderful oheage, as our readers may sup* pose, when we state that, under the Internal Bereaue Law of Congress, one hundred and Ate Uoensee hate been granted there for conducting business of various kinds. An equalnumber of licenses hats been granted inCorn plan ter township, out ot which Oil City was carted, and which runs up both sides ofOil Cr*c|» to within a fsw miles of TiiostiUe.R*publiem^