Rensselaer Republican, Volume 20, Number 18, Rensselaer, Jasper County, 5 January 1888 — The Drilllug Will Continue. [ARTICLE]

The Drilllug Will Continue.

At the meeting of the stockholders of the Gas and Oil Company, . last Friday evening, it was unam- . mously voted that the directors Jshould proceed with the boxing, as the terms of the agreement with the contractors permit them to do,. They are directed to go on with the workas far, in their judgment, as thwe is any reasonable hope of success, or until all the available resources of the com,, pany are exhausted. In case the .boring does not prove a success { tbe money expended for casing wi.’l not be wholly a dead loss, as tbe contractor offers to give half price for it, after the boring is abandoned, By the terms of the contract (boring may be continued to any I depth, at the option of the direc-. I tors, not to exceed 1750 feet, at I the price of $1.50 per foot, and the company to pay for all casing hereiafter required, It was also vote i I io send samples of the lowest yock" obtained in the well, up to the dime of the meeting, to the Stats Geologist, that he might determine the question whether it was really Trenton Rock. 2.C'..