New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-01-07
ENTERED ToE coSsUxrTioS.

The Directors of the Lake Erie Wabash aud ST. Louis
Railroad are in session in this city We learn that the
work going vigorously every section and that 1900
men are now employed which amount will soon b. in
creased to $500 From TOLEDO to Fort Wayne the road is
in very forward state Satisfactory arrangements have
just been concluded for depot grounds at lafayette
The Baltimore and Ohio Railroad Company has accepted
the just passed by the City Coslcis authorizing the
city endorsement of five millions Of the bonds Of the Road
for the purpose Of making double track to Cumberland
In relation to and important Coal enterprise just
organized here Tie Express has the following:
THE Hampshire Coal and Iron Company the title Of
coal company organized under the joint charters OF
Mar and Virginia and whose coa property stu ited
in both those States The larger proportion of the lands
in Virginia but the whole property most eiby situated
Maryland and Virginia adjacent 10 the lands and bring
the ports Of Baltimore and Alexandria in direct commun
cation by easy transit TO the mines
"The possessions Of ths Company comprise, in all,
nearly 600 acres of the finest coal lands in the Cumber
land region OF this of coal lands 600
Georges Creek containing the Great Vein and lnme
datey opposite the valuable coal estate Of Aspinwa,
Cunard and others The vein this portion of the pro
perry is already opened, and with It's proximity to the
Georges Greek Railroad gives the Company the means OF
immediate operation The residue of the lands are in
Virginia Of which 1000 acres at Piedmont, all of
which is underlad by the six foot and other VEINS and
several humid acres hold the Grea, Ven which, at this
end Of the BASIN is said TO be thicker and Of better quality
than at the eastern end
"As the results Of the past year have proved that the
suced for the necessary consumption have not dwet
on the other treasures these lands consisting Of vau
able iron ores, limestone, fire clay brick and the finest
varieties of the best description Of forest timber The Com
Council Of Baltimore has authorized the issue city
credit to the Baltimore and Ohio Railroad to the amount
of sOOOO0 for the purpose Of completing is double track
II is expected that this will be finished and in operation az
for Piedmont by the ensuing summer in which case the
comranys lands at Georges Creek will be Immediately
available to bring down coal the rate of 0OO tuns per
anpum at profit which will pay 10 cent on its entire
capitol Of g., 1000.
This is the only portion Of the large vein that lies i'm
mediately contiguous the Baltimore and Ohio Railroad
aud thus possesses facilities and advantages of superior
grade for purposes Of traffic The remainder of the Com
panys lands lies in Hardy County, Virginia and can be
doun and Hampshire Railroad These lands hitherto al
most unknown consisting of some eight thousand acres
has recently been carefully and accurately surveyed by
competent engineers.
The Engineers report these lands as situated on the
North Branch of the Potomac and accessible TO- market
by the Manassas Gap Railroad the Alexandra, Lon
doun and Hampshire and also by the Baltimore and OHIO
Railroad Coal may be carried by the former to Aexan
dria and by the latter to Baltimore. At present road
of twenty miles extent with descending grade from the
mines Of less than sixty feet to the mile would connect
with those works and place these mines it is said fifty or
sixty miles nearer tide than those Of the Georges
Creek end of the coal field. The following gentlemen
con.tiiue the Board of Officers and Directors Col Gee
Luther r. Marsh New York. Vice-President. The Di
reotors are Messrs Geo. w Hughes, Abraham 5. Pat
terson j. W. Tyson Maryland; and Luther r. Marsh.
jerry COwes, Edward A. Cook and Stephen Osborn OF
New York. A Clark, Secretary"
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