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Oil Wells in Tennessee--oil reached at twelve feet, in Franklin county.

--We yesterday met General Milroy, from whom we learn that a company had been boring for oil on Marrowbone creek, about twenty-five miles from this city, and that they had "struck ile" in large quantities at a distance of three hundred and seventy-two feet. The well is a flowing one, and the parties are almost insane their success. We did not ascertain the number of barrels per day which come from the well, but the quantity was large.

Another company "struck ile " at a distance of twelve and a half feet, on Rock creek, in Franklin county, a day or two since, and others are boring in the vicinity. There appears to be no end to the oil in this State, and now that it is no longer encumbered by slavery, its mineral resources will be developed until it will be the richest section of the Union.--Nashville Union.

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