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Tous les autres exemplaires originaux sont film6s en commen9ant par la premlAre page qui comporte une empreinte d'impression ou d'illustration et en terminant par la dernlAre page qui comporte une telle empreinte. Un des symboles suivants apparaltra sur la dernidre image de cheque microfiche, selon le cas: le symbole — ► signifie "A SUIVRE", le symboie V signifie "FIN". Les cartes, planches, tableaux, etc., peuvent dtre fiimis A des taux de reduction diffdrents. Lorsque le document est trop grand pour dtre reproduit en un seul cliche, il est film6 d partir de I'angle supArieur gauche, de gauche d droite, et de haut en bas, en prenant le nombre d'images n6cessaire. Les diagrammes suivants illustrent la mAthode. 1 2 3 1 2 3 4 5 6 i 4* REPOKTS AW PROSPECTUS .) OP THE GASPE BAY COMPANY. I l JOHN A. GRAY & GREEN, PRINTERS, 16 & 18 JACOB STREET. 1865. / o (ff iif (SO) ■<*■ THE QASVt DISTRICT, X.OAV'ER CA.NA.'DA.. -♦•^- ^ i Tins clistnct was surveyed under the direction of Sir Wm. E. Logan, Provincial Geologist, about twenty years ago, and in Lis earliest repoi-ts mention is made of two petroleimi springs in the neighborhood of Gaspe Bay. The first of these springs was repre- sented as situated on the south side of the St. John's river, about a mile and a half above Doughisstown ; the other, on a small fork of Silver Brook, a trib- utary to tlie south-W"3t ami. It was stated in both instances that the li(piid collects on the surface of the water, in the form of a thick dark gi'een scum, which can be taken up with a spoon, and that the odor could be distinguished for one hundred yards around. It was furtlier stated, that in some ])arts of the trap dyke in Gaspe Bay the petroleum druses are so numerous, that there is scarcely a fi'agment, the size of a hand that does not contain several of them, and the tar-like smell of the mineral is perceived in walk- ing by the dyke, at the distance of 50 yards. In some of the cavities the liquid is hardened into a resinous, pitch-like condition. (Repoi-t of Progress for the year 1844, p. 41. See also Taylor's Statistics on Coal, pp. 512 and 513, Philadelphia edition of 1855.) These reports emanating from one of the Inchest geological authorities on this continent, Avere made oflicially to the Canadian government, at a time when petroleum was hardly/ Vrnmn outside of the chemist's laboratory. They must therefore be accepted as im- partial and unquestionable evidence ; it being manifest, that ihe indications of petroleum, thus described, were observed and recorded on scientific and not on spec- ulative grounds. In 1862 and 1803, a new survey of Lower Canada was made under ihe direction of the same distin- guished geologist, the reports of Avhicli have been pub- . lished l.jythe Canadian government. In his " Repoi-t of Progress" published in 1863, Sir W. E. Logan thus describes tlie limestone and sandstone rocks of the Gaspe Bay region— the true petroleum-bearing form- ation, (page 402 :) " There is still to be described the greenstone dyke, connected with the southern anticlinal at Tar Point. This (fyke is of a dark gray color, weathering to a rusty red, and it is traversed by numerous horizontal and V(irtical joints, and abounds in large and small druses, presenting botryoidal surfaces sometimes, and at others incrusted with crystals of quartz and calcite. T/iese cavities are filled with iJetroletmi; this, in some instances, has hardened to the consistency of pitch. The ijeculi^r odor of this substance, which has oiven {■ ^ tlie name of Tar Point to tlie locality, may ])e i)cr- ceived at a distance of fifty yards. ^ "Two petroleum symngs occur along the line of tbin anticlinal. One of these is on the south side of the . St. John's River, al)out half a mile above Douglass- town. Here the oil oozes from the mud and shiiiirle of the beach, and is seen in globules rising through the water at high tide. Portions of the oil are said to have been observed, under similar conditions, as far as the extremity of the first marshy island, a distance of three fourths of a mile above ; and they may prol>ably extend much farther in the same direction. " The second spring was ol)served about 200 yards up a small branch of the Silver Brook, which is a tributary of the south-west arm, falling into it about six or seven miles from Gaspe Basin. Th(; orifice of the spring ^vas not seen, but the oil, which is not ob- served higher up on the brook, here collects on the surface of quiet pools as a thick film. " The rock adjoining the dyke, and underlying both of these springs, is sandstone; but it- is not improb- able, that liere, as in Western Canada, the source of the oil may he in the more fossilifermis rocks beneath, so that we may hope to find other springs of it, not only along the line of t^^-enty miles, just indicated, but still * fixrther along this and otlier undulations in the same region, where borings and wells may furnish more ahaudant supplies of petroleum." (P. 402.) Again, on page 521, he says: " In describing these rocks on page 402, the sprin^-s 6 of petroleum on the St. John's River and on Silver Brook liave already l>e(;n descrihed, as well as the occLii-rence of the oil in the cavities of an amygdaloid greenstone dyke at Tar Point. Oth<>r localities of petroleum have since l)een noticed in that vicinity, at the entrance to Gaspe Basin, and also near the north- east corner of the Doughisstown lagoon. About a mile and a half to the south-east of Gaspe Basin, and on the line of the northern anticlinal, is found a layer of mineral piteli or dried l)ituraen, about an inch in thickness, lying beneath the surface of vegetable mould, while the soil for some distance to the eastward is saturated with petroleum." Again he says, on page 788 : "The presence of petroleum in the rocks of Gaspe has been mentioned on pages 402 and 521. Subse- quent explorations have shown several additional lo- calities in the vicinity of Gaspe Bay. The rock near the mouth of York River, is like the limestone, im- pregnated with petroleum; and on the same river, about twelve miles from the entrance of Gaspe Basin, small portions of solid bitumen were found in the cavities of a trap-dyke, cutting the sandstone. A sim- ilar dyke at Tar Point has already been descriT)ed." "At the oil-spring at Silver Brook, a tributary of the York River, the petroleum oozes from a mass of sandstone and arenaceous shale, which dips south-east- wardly at an angle of thirteen degrees, and is nearly a mile to the south of the crown of the anticlinal. The oil, which here collects in pools alonc^ the brook, has ^ i' a greomsh color, an-aged in the siu'vey of the region, as a member of Sir "W. E. Logan's geological staff; aiid Mr. Robb had acquired experience in respect of oil in the productive districts of Pennsylvania and in the well-known En- niskillen region, Canada West. The re})oi'ts of these gentlemen in regard to the Gaspe district generally and the property now offered, are as follows. 1^ I it REPORT OjN THE OIL EEGIOX OF .GASPfc. Kingston, C. W., Mftrcli 2l8t, 1865. Gentlemen : Your letter reciueBtinj,' information on ♦^e oil region of Gasv)o was received to-day. Having ppent three Buni- mL in this part of the country, in making geological surveys and explorations, under the direction of our provincial geologist, Sir W. E. Logan, 1 hope to he able to furnish yoii with any particulars you may wish in regard to it ; hut as you did not speciiy the kind of information you desired, you nmst be sat- isfied witli a general description of the tract in question, which (from want of tinu;) 1 must nuike as brief as possible. ' In the first place, it will be necessary for me to explain to you the geological structure of the territory and the rela- tions of its rocks to those of the rest of the Gaspd peninsula and to oil-bearing strata generally. The Gaspe peninsula, with the exception of a narrow belt along its northern coast, is occupied by the Upper Silurian, Devonian, and Carboniferous systems. These rocks are ar- ranged in a series of great " anticlinals,"' or undulations run- ning in an east and westerly direction parallel with the gen- eral contour of the peninsida. ! 10 ill! The oil-bearing limeBtonea form tlie lowest of the divisions which are of importance in connection with the occnrrence of petroleum. It is ovei-laid hy saiidstcnes, shales, and conglom- erates of Devonian and Carboniferons age. The total thick- ness of these overlying rocks is several thousand ieet, but their thickness in ditierent places is very variable, from the fact that the whole series, after it had assumed its present undulated arrangement, was extensively denuded, and the sandstones, etc., were, in some places, altogether removed from the tops of the undulations, thus layiiLg bare the under- lying limestones; but in other places only removing a part of tlie upper rocks, whilst in the " froughs" or spans between these airticlinals, the sandstones, etc., are ofteri of great thick- Ti.eS8. It is not to be supposed that the geological undulations cor- respond with the surface or geogra;p]dcal inequalities. On tlie contrary, the centres of the geological elevations most ire(piently coiTespond witli the lowest ])ortions of the surface of the country, the higher grounds on either side being occu- pied by the overlying rocks which dip away from these cen- tres, the reason of v/liich^is well known to geologists. I need not explain. It is found by experience tliat petroleum generally occurs along the summits of the^e geologiecC elevations or " anticli- nals." This iri what we should naturally expect, owing to the lightness of petrole^im as compared with water, both of which occupy the crevices and open spaces among tlie I)eds of rock— the water the lower and the oil the ui.per portions, with gas sometimes above both. Hence it is that when these pent-up materials are tapped by an artificial opening from above, the gas escapes first, then the oil, aiid lastly water mixed with it; Since anticlinal lines are ofkn jnarked on the surface by a valley, it freqiientiy happens that petroleum is 1 11 foinifl along a brook wliicli runs, as a geologist would say, 'on tlie crown of an anticlinal." Nature lias, therefore, sometimes removed mucli of the overlyino; rock nnd brou^-ht the oii-bcaring strata comparatively near to the surface at those parts where large reservoirs of oil may be looked for with most prospect of success. The Gasp^ oil-bearing limestones are from 2000 to 2285 feet in thickness, (See General Eei)ort on tlic Geology of Canada, 180:3, chapter xvi. ;) whilst those of Upper Canada are only about 600 feet thick. They both belong to the Ilel- derberg group, and tlie general character of the organic re- mains which they contain is the same in both cases. The geological conditions in regard to the succession of the rocks and the mode of occurrence of oil are the same in Gaspe as those said to exist in the Pennsylvania oil region. The oil occurs, not only in the limestones of Gasp(5, but also in the overlying sandstone, some beds of which, on the York Rivei", were found saturated with it. (See tlie above- mentioned Ecport, top of page 789.) Tlie Gaspe limestones are not only of great thickness, but also of considerable geographical extent. The indications of petroleuTii^ however, so far as known, are confined to a par- ticular area in the eastern part of the peninsula. After hav- ing examined these limestones, throughout the greater part of their distribution, during the throe seasons spent in the Gaspe peninsula, it appeared to me, (as I mentioned to you some thne ago,) that the centre of the oil district lies on the lower reach of the York Eiver, and that it extends with the strike of the formations on either side from the neighborhood of Silver Brook. The limestones in this tract are of a dark bluish gray color, with layers and nodules of chert, (a character of petroleum- bearing rocks in general,) and so thoroughly impregnated 12 ■II I with oil, that when any freshly-broken piece of it is thrown into the water, the oil rises to the surface, forming an irides- cent scum. (See the above-mentioned Eei)ort, page 788.) In the bank of tlie York liiver, a short distance abo>'e the west line of the township of Gaspc Bay, south, solid pieces of bitumen are found in the cavities of a small trap dyke cut- ting the sandstone which rests upon the limestone. A short distance above (or west of) this spot, but still sev- eral miles east of the entrance of the Mississippi Brook, the outcropping belt of limestone (forming the crown of an anti- nal) crosses, in an ol)liqiie direction, to the north side of tlie York lliver, and afterwards runs westward on that side as ±ar as the Mississippi Brook. At the place where the river crosses this limestone belt, petroleum wan found on the surface of the water, and an oil- spring has long been known on Silver Brook. When examining this part of the district in 1862, my ob- ject was not to explore for oil, but to investigate the geologi- cal structure of the country, and at that time these were the only two localities at which oil M'as actually known to occur in this tract, but I have been informed, on good authority, that several others have since been discovered. I had no doubt at the time I was in Gaspc that had I been instructed to look for petroleum instead of to make a geologi- cal survey, I should have met with great success in that part of the valley of the York River whiclj lies hnmediately to the westward of Silver Brook. A gentleman from Pennsylvania, (interested in oil lands there,) and whom I met with at (Taspd Basin, stated that in his opinion, the prospects for oil w^ere far better in Gaspc than Pennsylvania.. I liavc never had an opportunity of compar- ing the Gaspe oil region wdtli any in Pennsylvania, but I i i 18 •i VI 4 f have every reason to believe tluit petroleum exists in large quantities in the former. In tlie unsurvejed tract lying along the lower reach of the York Itiver, most of the land for about two miles on either side of the river, is of the best quality for agricultural pur- poses, as is proved by the settlements in the adjoining town- ships. Tlie timber is of good size, and consists of white and yellow l)irch, majjle, black ash, poplar, a little elm, etc., along with a large proportion of coniferous species, such as balsam, white pine, and spruce ; much of the two last mentioned being fit for spars and deals. The tide runs up the York Kiver about as far as the mouth of Silver Brook. Above this point the river is navigable only for canoes and other small craft, although it maintains a width of from one hundred to two hundred feet, as far as I ascended it, (about fifty miles.) Tlie shores of Gaspd Bay are thickly settled by a mixed population, speakhig both English and French. Labor is cheap and abundant. The harbor of Gaspt) Basin is second to none in the world for security and fticility of entry. Many vessels are owned by the resident merchants, and since Gaspe has been made a free port, a considerable im- petus has been given to trade. The regular steamers run- ning between Quebec and the Lower Provinces, call at Gasp6 Basin in -going both ways. Some of the settlers about the mouth of the York River live by fai-ming alone, but most of the inhabitants around Gaspd Bay are engaged in both farming and fishing. An idea of the agricultural capabilities of this part of Canada may be formed when it is stated that wheat raised on the shore of the north-west arm of Gaspd Bay obtained the second prize at the London Industrial Exhibition of 1851. 1 have said nothing in regard to distances and the relative I 11 14 ^i positions of places in this part of Gaspe, because you can form a correct estimate of tliem from the map. I might men- tion, liowever, that a wagon road is made along tlie north side of the York Eiver as far as Silver Erook, and a good road for some miles fartlier. I need say little about the quality of the oil found in this region, as you may see a specimen of it from Silver Brook in the Geological JVIuBeum in Montreal. It has less odor than ordinary samples of re- fined rock oil. The great facilities for shipping petroleum to the European markets, together with tlie undoubtedly iavorable indications of its existence in large quantities in this part of Gaspd, induce me to believe that the day is not far distant when this useful product will cause this valuable but liitherto much neglected section of the country, to be as extensively knowTi for its rock oil as either Oil Creek or Enniskillen. Your obedient servant, Robert Bell, Prof, of Cliem. and Natural History, Queen's University. ( REP OET OX THE EOOK OIL EEGIOI^ OF GASPt, CANADA EAST. < m « — >-•»-»- '' 53 St. Fkanqois Xavier St., Montreal, 14tli April, 18r)5. Gentlemen : I have inucli pleasure in complying with your request to furnish you with such information as I. pos- sess, with regard to the rock oil region of Gaspe at the east- ern extremity of Canada. I must premise, however, that as its capabilities in thia respect have been but little developed by actual working, and as my only visit to tho locality has been during the present winter, when the ground was covered with a great depth of snow, my obsen^ations must necessarily be of a less precise and definite character than I could liave wished. In illustra- tion of my remarks, I beg to refer to the accompanying map, on which are noted such of the more prominent geological and topographical features of the district as seem to have any relation to tlie object in which you are more immediately in- terested. The existence of mineral oil springs in this district, and their probable economic importance, were pointed out bv Sir William Logan, the Provincial Geologist, as early as the year 16 1844, long before the value of the material, now so highly , ai)preeiatecl, began to be recognized. Subsequent investiga- tions, conduoted under his superintendence, have fully devel- oped the geological structure of the district, and several other oil-springs, and surface indications of petroleum incidentally discovered, in the course of these explorations, have from time to time been rep(>rted by iiim. With respect to the geological condition of this region, it is quite unnecessary that I should enter iiito any details, since its structure has been very fully described in Sir Wm. Logan's published report for 18G3, and also (with more special refer- ence to the present object) by Professor Bell, of Kingston, whose report, I understand, will accompany the present. Upon the map are also indicated the lines of the anticlinal axes, or centres, of the convex flexures of the strata ; along . which, according to all experience in other oil-producing re- gions, tlie greatest accumulation of the oil is to be found. This theory, so important as a guide to the practical oil-borer, was lirst propounded and elucidated by Dr. T. S. Hunt, of the Canadian Geological Commission, and has received from my own observations a remarkable cojifirmation, from the fact tliat in Gaspd, with very few exceptions, all the ascer- tained and reported discoveries of petroleum, extending over a length of twenty miles, and npon the same number of locations, widely apart, occur n])on or very close to the lines referred to. * The oil-producing I'ock of Gaspd is a limestone tbrination of De\'onian age. It bears the same lithological character, and is copiously cliarged witli the same description of oi'ganie remains as that of the Enniskillen oil region, but is three or four times the thickness of the latter. It is overlaid by a sandstone, which, however, in some ])laces has been removed by denudation, exposing the oil-bearing rock at surftice. 17 ( Witli regard to its topographical features, the general char- acter of tlio country is rugged and mountainous, intersected by great arms of the sea, and by valleys parallel to tlie moun- tain ranges, although not always to the strike of tlie rock. IS^umerous transverse valleys also occur, intersecfing the 'mountain ranges, and afford ample scope for favorab]e%er- ations in oil-])oring at many points where the overlying sand- stone rock will probably be of a moderate thickness. Such i3 also the character of the oil-bearing region of Pennsyl- vania. It has been remarked, that in Pennsylvania, the greatest sui-plies of petroleum have been obtained from strata which bear evidence of the greatest amount of dislocation. In this respect the Gaspd oil region will compare most favorably with that of Enniskillen, where, although the rocks are of the same geological age, they do not appear to have been sub- jected to the same disturbing forces; and from being buried under such a great depth of clay and soil, the most iavorable localities are so much more difficult to trace. The parties acting here on behalf of your Company, liaving obtained the privilege of first choice of the Western Division of the Gaspe oil region, have selected and secured six blocks of land of about 5000 acres each, which they have acfj^uired from the government in fee simple. These blocks are indi- cated on the map by the red tint, and ha\'e been, in my opinion, most judiciously selected, as combining all the most favorable qualities for successful o]>erations in oil-l)oring. They are all undoubtedly underlaid by the oil-bearing rock, the lines of anticlinal axes pass tlirough all of them, and the overlying sandstone will in all be found to be of a moderate thickness. Tliey are also most favorably situated in regard to streams and valleys. On one of them, Xo. 42, an oil- spring exists, while upon another lot, Ko. 20, I anticipate 18 important discoveries Iroin the fact that it is in imme- diate proximity to the outcrop of a different geological formation— a condition generally found most favorable to the concentration of valuable mineral deposits. Tije i»etrolenm of this region is of a remarkably pure and excellent quality. It is of a pale greenish-brown color, and even in tho crude state, the odor is less offensive than much . of the refined oil of Ennisldllen. Specimens of the Gaspd oil which have been sent to Kew-York for examination, have been pronounced to be seven per cent better than any found elsewhere in Americni. Previous to my visit to this oil-bearing region, having been much occupied in investigating that of Enniskilleji. I had carefully studied its nature and conditions, and ascertained all the recorded facts in regard to it. My recent visit has amply confirmed and strengthened the favorable impressions I have thus been led to form, and I entertain a strong convic- tion, tliat it is destined to prove a great oil-producing country, and will yield a rich reward to those capitalists who will un- dertake its (bvolopment on an adequate scale. As regards fticilities foF working, shipment, etc.^ they are unsurpassed by any oil-producing region in the world, the magnificent harbor of Gaspe Bay, with its navigable arras and rivers, being in the immediate proximity, and enjoying the advantage of being a free port. The climate is very favorable, being neither so hot in sunnner nor so cold in winter as in most parts of the continent ; timber, fodder, and jvro visions of all kinds abundant and labor cheap. Belit^ve me to be. gentlemen, your most obedient servant, Charles Roiib, Mining Engineer. ► f I 19 The foregoihg reports enter so fully aiul minutely into the subject, and contain such convincing pi-ools of the existence of petroleum in large quantities, and of the facility of mining and sending it to market, that but little i-emains to be added. All the oil-producing territories, so far known and developed, are situated in remote inland localities, whence the oil has to be transported hundreds of miles to reach a seaport, the cost of transportation l)eiug in many cases equal to the whole cost of the article at the wells. In Gasp6 Basin sea-going craft can safely ride at anchor, within a few miles from this tract, and may receive their cargoes from flat-boats, floating the oil-barrels down the York Kiver at a mere- ly nominal expense. Hence the long railway trans- portation to a distant seaport is entirely saved, and oil may be sold at the Gasp^ wells at almost the price it sells in New- York, say from $8 to $9 in gold per bar- rel, or, which amounts to the same, it may be consigned to foreign markets and sold at an equivalent of ISiew- York prices ; and as the cost of transportation must always remain a heavy burden on an article of so much bulk and weight in comparison with its value, it is obvious that wells producing oil in a region geof^'a- phically so well situated as Gaspe, will always com- mand a monopoly in foreign markets. Apart li'om this great advantage, there are other minor differences to be considered. Gaspe Bay is a free port, free from duties on import and export, and free from all taxes on oi^ Whatever is wanted in the 20 shape of macliinery or Bupplies, may be introduced free from all customs charges. The labor available on the spot is cheap. The tract is covered with timber, valuable for constructions, for barrels, and for fuel. Barrels may be made there at a cost not exceeding $1.50, instead of the $3.25 paid elsewhere, and may be -yet cheaper, if machinery were employed for their manufixcture. All the expenses of running machinery and working oil-wells will therefore be considerably less than in other oil-producing localities. The minimum profit, which a barrel of oil will net to a company, deducting cost of barrel and working ex- penses, may safely be put down at $5 in gold, which being based on the price in foreign markets, will not be subject to any material fluctuations. Scientific and practical men agree that the Gaspe oil region promises fully to equal Enniskillen or the Oil Creek region in productiveness, and there is therefore no reason why large wells, flowing hundreds and thou- sands of barrels, may 7iot be obtained in one locality as well as in the others, the geological indications being the same in the Gaspe district, or rather more favorable. To avoid the charge of exaggeration, how- ever, let it be assmned, that small wells only, say of twenty barrels, will be obtained at Gaspe — these being almost a certainty in oil-bearing regions. Tak- ing two hundred working days, and $5, or even $4 gold per barrel, would leave a net income of $16,000 f^ $20,000 in aold per annum from a sinqle twentv har- rel well. Many such wells will not be necessary to 21 ' secure a hantlsome and j)ennanent revenue on the cap- ital invested. This calculation will certainly not be regarded as over-estimating the production ; on the con- trary, it rests upon a l)asis which can not be contra- verted, and in tliis r<}spect is widely different from the vague estimates which appear in connection with not a few of the projects which are nowadays brought be- fore the public. It is true, the tract is yet in its natural state ; it has many natural oil-springs, but no wells have been bored that reach the oil-bearing limestone rock. On the other hand, it is not less tnie, that if a toell liad heen mdih yielding only a moderate amount of oil, or if a producing well were obtained on adjacent properties, wliicli are soon to be tested, the tract now offered could not be purchased foi* millions. In its present shape, it is presented as the foundation of a company, on terms liberal enough to oj)en an excellent chance to investors. PROSPECTUS or TlIK QA-SPii: BA^Y COMI>A]SrY, It ia proposed to form a Company in this City for the purpose of purchasing and developing the tract laid down on the accompanying map, situated in Gasp6 District, L. C, and liaving an area of about 30,000 acres of oil lands. The Company to have a stock capital of $1,250,000 nominal value, divided into shares of $10 each, of which 1>5 per cent, or 31,250 shares, go to the owner of the lands. Subscriptions to the capital stock to be taken in blocks of 300 shai'es, representing a nominal value of $3000, which are to be issued to first subscribers at the rate of $1000 in currency fi^r each block, or $3.33^ cash for each share of $10, nominal par. The stock to b^ issued in payment of property, on condition that the owner of the property shall furnish to the Company a working capital of ^^^,000 cash. The stock sub- scribed for at the abo/i riiio to be full paid stock, not liable to further calli. After three quarters of the stock are subscribed for, a meeting of subscribers to 28 be calUnl to organize tlie Company and to fleet It iH intended to sink u iW wells only for the pnr- pose of testing tli(; l;inds. A working ca|)itul of $50,000 is considered amply snffieient to carry out tliis object. AfttT one or more producing wells sliall be obtained, the (Jonii)any will determine subsetpient operations. It may rt»solve itself into a larger Com- pany, with a strong working caj)ital, to develop its lands on a compreliensive scale, or it may sell or lease its lands, as the shareholders may consider most ad- vantageous to their interests. As the lands comprise an area of about forty-seven scjuare miles, and are too extensive to be properly developed by one concern, the Company will have ample room for the oi'ganiza- tion of t»tlier oil companies. Tlie result ap])ears not to be doubtful, and if sub- scribers will compare the present enterj)rise with others that are daily offered, they ^vill see that few of them present the solid guarantees and assurance of profit which are claimed for the Gaspe Bay Com- pany. V The lands are warranted fi-ee from incumbrances, and the j)roduction free from taxation. The title to the lands is unexceptionable, and ^\'ill be approved by a New-York la^^^yer, before the property be paid for. Subscription List open at the Office of Hackes & GuTMANi^, 71 Broadway, (Basement.)