The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-04-19

this letter in the hope of ectng from you such reply
will introduce me to the English public one who is
schemer and who will be careful not to do or say any
thing which can by possibility compromise either my
friends myself.
The pamphlets gave you some time since will render
you familiar with my purpose in visiting England and
you speak understandingly both Of the property
am Offering 10 the English public and Of the party oner
ing it, ask your attentive perusal of my programme
and such you may deem expedient content
ing myself for the present with stating certain facts
within my own knowledge, upon which predict, win
the greatest possible confidence the success OF the Guy
andotte Land Coal and Iron Company" when once got
fairly underway with sufficient working capital.
First There can be no question of the extent OF our
estate and in July last accompanied Professor Locke IN
his reconnaissance of the six miles of the Guyandote
River Immediately above the Falls The coal and the
ronstone deposits this six miles OF river alone cannot
be removed for centuries to come.
Second. Coal is now being put in boats for two
d per bushel and be delivered by us al Gin
cnna for less than four cents I'D and at Louisville
for fraction over I'd per bushel
Third When was at Cincinnati last July coal was
selling at sixteen cents and upwards per bushel and
subsequently sold at nearly double that price-there
Ohio for MANY months Of the mast YEAR r'' "
Fourth. Our slack water navigation to the Ohio has
been completed and the Company is not in debt either
for its estate or its great internal improvement.
Fifth. The entire market below the mouth of the Guy
andote is open TO and this market If we are to
boats the merchants and the manufacturing interests of
the country, very greatly exceeds tho supply The
Louisville Journal one of the leading papers in the
United States estimates the demand at this day at not
less than three and half millions of tons per annum,
which, rays will double every few years, while the
Cincinnati GGseue and the Colun1ian papers Of the
highest responsibility, confirm all that the Louisville
Journal says the subject of Market and we both OF
know that this testimony Is OF character which ad
mits Of no question.
Sirth While have placed the probable profits Of the
cent per annum have hesitation in saying that
Company gets fairly under way and possesses
the facilities for doing large business it will
be quite to divide fifty as five cent per annum
because in my judgment there will always be purchasers
for any amount Of Coal we may send to market and We
may safely expect to realize from one to hund per
cent profit upon every ton of Coal we mine
Very respectfully, your obdt Servant,
The Ri Hon. Sir Henry Lytton Bulwer, &c. &c.
IL Queen street, March l3, 1854.
You are quite right in supposing that old acquaint
ance in the United States and the general interest take
in uniting the countries commercially and politically
would have rendered. and does render me DESTROYS to
sst you in the enterprise which has brought you here
In regard to yourself individually there is who
would not endorse such testimonials as those Of Mr. In
rank higher in your land and that they Of different
sides in its party struggles sufficiently indicates that
what they of you is OF gentleman, not OF an ad-
With regard to the Coal district of which understand
you to have at this moment the disposal do not know
mae shea better cqun
ed and have hesitation In saying the result of such
inquiries is highly satisfactory Assuming therefore
represented land your statements corroborated by
your engineers, correspond with what ! have myself
heard feel warranted in considering yeur enter
Dia secure than ann other connected Nth your country
that has Of late years to knowledge; and should 1t
appear that and your friends are disposed TO take
certain number of shares in the undertaking. (Which the
public here would probably sxpect,) do not think you
would find the least difficulty in dsposing OF the rest
among US Of finding the most respectable names to
Ican feel no difficulty in saying that you are quite
welcome to this communication in the same manner
In
letters of Dir. Ingersoll and Mr. Buchanan.
Yours very truly,
General J. Watson Webb, &c. &c.
Fsnton's Hotel, 81. JAMES, Street,
March IL, 1854.
Ny DEAR SIR,
You are so very extensively interested in every species
of real estate the Upper Ohio, and Mrs Schenley is
extensive holder of this description OF property in
several other States west of the Aeghanies that have
hesitation in calling upon you as friend, to examine
carefully the pamphlets sent you. and the programme
Of enterprise and to give me your opinion Of the
whole subject Your position here and the knowledge
that you deeply interested in property on the Ohio
familiar with its value, will necessarily give great
70 Of
will necessarily cut of the entire lower market from
Pit,sburg This hewe,er is of little consequence IT,
assured the market above the Guyandotte greater
than the region about Pttsburg can supply.
Very respectfully,
Your Friend and obdt. Servant,
J. WATSON WEBB.
To EDWARD W. II. souEsrEY, Esq
F. IA, Princes Gate, Hyde Park,
18th March, 1854
In reply your letter of the 18th inst, have great
pleasure stating it my firm conviction, after care
full perusal and examination of the Guyandotte pam
phlets that the premises and differences therein drawn
are much below what will be realized after the rst twelve
The best proof can offer in support of this opinion is
my having solicited Stock and undertaken the duties OF
Director in which capacity shall at all times feel
happy to reply to any references which may be made to
me.
think you quite right in publishing your letters Of
introduction They are such as not only yourself but
your friends must be proud Of and although certainly
expect material benefit from my connection with your
enterprise yet believe me- that myeengs Of friendship
and confidence in integrity far outweigh every other
consideration except the desire to assist in securing the
success of this most important undertaking.
Believe me- my dear General,
Very respectfully yours,
EDWARD W. II. SCHENLEY.
Gen Watson Webb, nc.
Fsn.on's Hotel, 81. Jdmes's-srees,
March IL, 1858.
Ny DEAR SIR CORE
From your long residence in the United States, and
familiarity with people and the country: and from
your intimate relations with my friends and relatives
induced to ask your good services both in behalf Of
myself personally and Of my Coal property, in relation
TO which the pamphlets handed you days since will
give you the necessary information, should your own
knowledge be at fault.
f0ur'v' very truly j. WATSON WEBB
Sir W. Gore ouseley, K. c. B., &c. &c.
A, Hertford- street, Mayfair
Marcn 10, loof
Ny DRAR GENERAL
Ihave attentively perused the pamphlets and docu
ments that you sent me- have also had opportunities
Of consulting some Of your countrymen for whom en-
terrain, in common with all who know them, high re
pect and feelings of entire confidence the subject OF
the plans you propose Nothing be more favorable
than their opinions but irrespective of that circum
stance my own knowledge Of your character and the
high standing you enjoy in your country leads me
TO the convction-on reHecton-that you have rather
undersated than overaed the advantages offered by the
proposed Company
If you think further your views and the interests
Of the Company my services, such they are,
tirely at your disposal.
l am, my dear General
Most truly yours,
w. G. OUSELEY.
Gen. Watson Webb, &c. &c.
10 Fsntons Hoe 81. James street,
March IL, 1854
MY DEAR Sin WILLIAM
Notwithstanding friendship Of more than twenty
years am here, comparative stranger and 6nd in the
existing state of public affairs which affects njuriously
the money market, IL succeed at all with my Coal Com
pany it viii be in consequence Of capitalists knowing me
as am known to my friends, and their placing the mos
implicit reliance upon my representations.
You have spent six years and upward in the United