Letter Prom the Lend of Greet*.my last notes of travel in modern *, (promised “to me some account of Ml* oelow Titusville on Oil Creek • Iwitha, ofjPit tabu nth, and 8%j. Kpley, |n, t^whetn fern much indebtedble imrmtitkMi.19•edoftot From tb# Pittaburgh Pott.1]Franklin, August 18th, InOo.In .ray last notes of travel in moderngreasethe wellvisited these jnesterday in comgttny Mr. Strafe, ofJPittaburgh, and Xiy. K of Franklin for valuableAs we drove from the town towards the creek, we met Mr. E. L. Drake, the man who gave the first impetus to this new gi-gap tic business by opeping the first well, had soon afterwards came in sight of bis TTtiiff, the “Pioneer and another bored since. They are on thetreek, a mile and three-quarters below the town. The first, which threw out thirty or forty barrels a day when first opened, is now being pumped and yields eight or ten barrels a day.— The other is just ready for pumping, and promises to do as well, if not better. t operations have been suspended for some time, owing to misunderstandings between the Hock Oil Company who purchased the land on which the wells are situated, and the Seneca Oil Company, who leased from the former a jortion of it, and in both Mr Drake has an interest. The difficulties have, a» i learn, been adjusted..and operations will he re-commenced with more activity.Passing down the creek about half a mile, we crossed over to the Crossley Well, 13n feet deep, owned by Cross ley. Withernp k Co. It was pumping a large stream of water, with very little oil, not more than four barrels per day. The yield now av**r ages eight barrels j»er day, though when the vein was struck, one hundred and eight barrels were pumped out daily for a week.Returning to the other side of the creek, we found two men boring in the well ot Kpley, Martin Co. They had reached a depth of 125 feet, and had excellent indications. The todh* and cable, when drawn up from the hole, were very greasy for se\ -enty feet, and a quart of oil could easil) have leen scrape*] off. Near by, Eaton A Co., at a depth HN feet, have a fair show of oil. (iuignon k Co., of Sugar Crove, Warren county, haVe bored GO feet, without any good indications.Some twenty rods above, we found an excellent well but recently opened, |hat o! M. A. riumer k Co. It is 140 ieeUdcep, ami yields, with a very inferior engine, that works only about twelve hours in twenty-four, fifty to geventy-five barrels daily.We next crossed to a small island in the creek, with an area of something over two acre- lt;n the main land wo observed several old oil pits, supposed to have been used by the Indians or early French set tiers for gathering j»etrQleum fifty or a hundred years ago, and on stirring up the oil at tin* edge of the creek, large blotches ol pure oil and bubbles of gas came up to the surface. These “surface indications’* are the best I have seen in the oil region, and fromappearances on the island it is probablethat every well now being bored will yield a good supply of oil. The only well pump ing is that of J. P, Fowler k Co., 105 feet. It has been pumping only two'days,, and yields some eighteen barrels. M. S. Adams, Esq., formerly of Maple Furnace, has leased the entire island, and is one of the firm named above. The sub-leases are field by Bliss. Wright A. Co., of Chautauqua county, .V. V., who are boring two wells, one at 14lt;» feet with a good show of oil, and one at Go feet with no show. Bridget. Ridgeway, A Co., of Franklin, 1£ feet, good show, and James Race, k Co., of Hudson, N V , with a good show, at 110 feet.On the mainland below, a good nVnywells are going dowu, but none very deep, and as each- well has its shanty of rough boards attached, the vicinity present* the appearance of a small colony, or a California mining town.Several wells are being bored just above Titusville, on Oil Creek. On* of these, the property of Horner, Clossin A Co., has been bored over 400 feet deep, with a good show of oil. J. T. M’Comba, of Pittsburg, is one of the firm.the otfc hat into shovsee not 1 inten in it, n it on u enoogtin the ning.ana wsof men bee hi1 hat thiIt wasbusy ?ii ticca t* space ithat hiIn hishe wadventur the wotime ftstructi cat** lt;»lReturning to Titusville, we met several genheny river, thirty three miles above Frank-tlemeng U fro!Tideoute ; on the Alleg-lin, where the oil fever is very high, one evidence of which, is that on Thursday at least one hundred oil sites in that vicinity were leased, the land owners receiving a large bonus in cash, in addition to half theoil pumped up. This excitement was oe-ionea bvcasiooea by the striking of a most prolific vein of oil on the 10th insi., and some five others since. We could not visit the locality, and gathered ail the reliable information possible, which 1 will give you.The “Hackenburg” well excells anything yet discovered. On the l()th, while one man was at work at the hole, then 115feet deep, the oil was thrown up at leasttwenty /eet. The man, to save the oil, placed a board on the top of the conductor, but so great Was the pressure of oil and gas that his weight did not avail to keep the oil from running over. The hole was plugged up, and whenever ojiened a stream, four inches in diameter, of almost pure oil, was thrown to a ^considerable height. lt;n 'Wednesday, the plug was removed ami the well threw out thirty barrels in forty minutes. This would bo 1.0x0 barrels a day, without a pump, but it is scarcely possible for such an enormous flow’ to continue. On the same day the well discharged, through an inch pipe, inserted iirthe plug, fifteen barrels of oil, mixed with water in twenty two minutes. It is not much wonder that with such a well the oil excitement should run high at Tideoute.On the island, at Tideoute. Rodgers A Hall have struck a vein at 125 feet, which, promises an immense yield, but not as great as the Heckenburg. At the Waters' well, a short distance above the Monster Well, oil has also been struck. The Yosburg Well, on the opposite side of the river, 14Q feet deep, is pumping, and; yields thirty to forty barrels of oil per day. This is on a tract adjoining that owned by W. W.. Wallace of Pittsburg. On his farm the King Well is yielding, with a small pump, ten barrels per day. lt;in Friday a largo vein was opened on the next farm below, which promises to yield abundantly. From every indication here, it is apparent that the yield of oil in the vicinity ot Tideoute will be greater than any o*her locality how IxSing operated.I'h i. late is* from tgagedThe liaveragenteei: more ] count! tonnaj gard lt;such ischooln\ ed ) aggre-jtons, vessel ton, e add**, ago, tl have steammg canice ligine c genioied wilt.\vtliUUMof the ne.v» t Rook Ithe i oral sithe elfromdtS|Kfwaternothibe visagjunrehiiIn'gar a sip Iwith « bulkHoOritlimunibbd.y Her « aroui:Stwlad, a the n non. that 1after he deOX|M?ed be handclub itojbbneckher IVNjm.Valle*in£ siabout vdr, h baloohowesion,,callecnot ci being calarc lesseraccon«berr\ ried a littlecomntheirtie men iof hi* tha fin? •oergy biro t«» i•hop l»twii! h. Kr»«?,iPRINbent art U. Kui lie*, tor there la turn lab Tbial Prtm aiJmtrmmiKMiKto tbr •9st tb» Iother mj bud at i