We notice by tbe Y6fibngo paper* thatthere is quite an excitement' in the usual quiet Tillage of Fraqklin on the “oil question.**— Numerous parties are at work in tbe couhtysearching for an opening to the “grand reser-♦Toir of greese which is supposed to he located “way down below/* and which Col. Ueakk at Titusville, first ran his “salt auger ioto during the past season. One of the papers, the Spectator, has a long article on the subject, while the other, the Citizen* records tbe progress of the search thus : “Mr. Hihtnds has grantedthe right to search for it to a large and wealthy Pittsburgh company. Mr. Stewart had leased the well-known Brandon Spring, Mow this place, on the river. Two engines, intended tobe used for Inuring, were landed at our wharflast night; the work, of searching will now be commenced in earnest.H* A frier