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Magnitude of the Interest. All who are interested in oil lands, as well sn the public gacerally, will, doubt Inga, parnae with lively curiosity the graph ic account we live elsewhere of the newly discovered oil region upon the Hudson river. If it is really true that petroleum oil can be found is paving quantities within seventy miles of the city of New York, in the immediate vicinity of ,« great river and two lings of railroad, it in a fact of very great moment to the me tropolis as well as to the people of the immediate beeuty. “The supposed oil re pions ip the neighborhood of the Fiebhil moraisine are standh a short distances from the city that if oil in there it will be very even “struck.” he development of petroleum has marked an epoch in the history of this country bordering upon the narvelous, the more #0 On account of the inestima ble wealth reselling ‘herefrom. And not to least strange part of it is, that this gi gantic interest lies aprang itelf upon thy target to 20 short a space of time. There are now organized, that we know of in the city of New York, one hundred and twelve of sonapeissess representing a capi ta. of one hundred and thirty-four mill: tone forty,tve thousand dollars!'”'The city of Philadelphia has a capital repra eictation of one hundred stxty-three mill. Jong, siveven hundred‘ and fifteen thou sand dollars. We append a tabular state ment of the amount of capital represent ed in the petroleum business of ten cities of the north, as follows: , ’ ae Oosvenetea of Thesville... Cleveland...... Otelanatl.... Washington. reine BR TAB, 000 sasseesee 1,760,000 ‘ + easaee ones ” ‘Total. : dupe »-4326,200,06 060 Besides the above there are several el soptance see Bee. York, Philadelphis, and the emeent ef : os can a eee “pttle
Newspaper Details
Dubuque Democratic Herald
Dubuque, Iowa, US
Fri, Jan 20, 1865
Page 2
Full Page
Clipped by
Jessica W.
USA 26 Apr 2026
Other Publications Near Dubuque, Iowa
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