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

nyircinia Camel Coal Company" whose high per-
sonal character is vouched for by the American
Minister the Bishop of Ohio, and the late Governor
of the State of New York is now in London seeking
a loan of f400 900, TO render navigahe Coal Rpr,
which empties into the Kanawha "a tributary of the
Ohio, some fifty miles above the mouth of the
Guyandotte. He reports, that he has recently mined
$1,000 bushels of Coal on Coal River, $50 miles
further from market than the mouth of the Guyan-
dotte, with view OF ascertaining the price OF
Mining and getting his Coal to market. In conse-
9uence OF the want Of sack-water navigation in
Coal River, the cost Of his Coal when reached the
Kanawha, was $4,000 cents per bushe instead of
u cents, which would have been the maximum,
cost, if there existed slackwater navigation such
as has been constructed on the Guyandotte by the
State of Virginia and the Guyandotte Land Com.
pany." He gives the actual result of this test as
Cost of Coal at the mouth of
Coal River on the Kanawha. SIS cents per bushel.
Cost Of Coal, and transporta-
ton to New Orleans. ..... 1888 Z" "
Sold ln Nc'C Orleans for 24.67 "
Cost Of Coal, and transporta-
ton to Louisville. ........ 9.8l "
Sold at Louisville for. .. 1900 I" "
Cost Of Coal, and transporta-
tlon to Cincinnati. ........ 9.35 "
Sold al Cincinnati for. 1900
Dr. Du Bots remarks, that
The result must be deemed very satisfactory, con-
sdering that IL obtained under the following un-
favorable circumstances, and unusual expenses-nci-
dent to business on an untmproued river, only
navigabe during seasons Of freshet
81 Expense of temporary fixtures REPAIRS and other
contingent expenses of preparation.
80 Expense Of navigating four transit boats for every
market boat in order to carry quarter loads the
shoals and the loss by shpwreck and sale Of these
numerary boats. The charges arising from this
bushel of Coal.
81 Expense of transhpment Of the Coal at the mouth
of the river and the reconstruction and equip
ment OF the market boats under great disadvantage
- The arrival Of the market boats always, during
seasons OF high water, when the market generally
stocked This circumstance together with the absence
of established yards agencies, and customers caused
sales to be made under great disadvantages
All these causes of expense and loss would have
been obvsted in established business, and with the
river improved. The aggregate amounts TO fully fps
cents per bushel which, taken from the actual averAge
OF eleven cents would leave six cents the proper
Iayeragel cost and 'Ou'd enhance eorespo"di"siy Tie
ratio Of pratt"
The construction of slack-water navigation on
Coal River, would render the coal deposits on that
river exceedingly valuable, and pay large interest
upon the investment although there would still be
quence of the low water in the Kanawha, and the
distractions in the Ohio, Coalboats could not 60 to
market.
In consequence of the more favorable situation
OF the Mines of our Company, and the completion
of our sack-water navigation to the Ohio, at o
point from which we can reach any market beio the
mouth OF the Guyandotte at the lowest stage Of water
the cost of our Coal in each of the three great mar
kets referred to, would have been cents less per
bushe than was the cost of that sent to market by
DR.. Du Bots under such unfavorable circumstances ;
but which, notwithstanding, yielded, as he says an
average profit OF AZ per cent upon its cost The
same amount of Coal sent from the Guyandotte,
now that our works are completed, or from Coal
River, if they should ultimately construct . slack
water navigation, would have paid more than 200
per cent upon its cost. In round numbers, the re-
suits would have been follows at high water, and
at least so per cent more favorable at low water:-
Cost Of Guyandotte Coal, and
transportation to New Or
leans 80, g s cents per bu'hel
Cost of Guyandotte Coal, and
transportation to Louisville. 4"
Sold at Louisville for. Is d" 4"
Cost of Guyandotte Coal, and
transportation to Cincin-
natl. Observation-Disclosures. 81 4"
Sold at Cincinnati for. l6 /"