The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1855-07-19
The CoIambls Coal aud Iron Company,

The Columbia Coal aud Iron Company.
AT the last session of our Legislature a law
was passed authorizing the charteripg Of a
company by the above name, with n ca3ita
ri 1--we hundred thousand dollars, andifdeem-
ed necessary BY the members of The compa-
ny TO carry out the object of The corporation,
may be increased two hundred and fifty thou
sand dollars more; TO hold not exceeding at
any one limo three thousand acres of land in
Columbia and Montour counties.
We understand that a portion of the stock
has been taken by reliable capitalists, who
expect to organize The Company the present
month, and as soon after as possible, COM
.mence making the necessary improvements,
70 mine and convey 10 marke, the coal from
saM'Canley mountain.
This mountain is located in Beaver town.
8 ship, this county, and contains as mich coal
10 the superficial area, as has eyer ceen dis.
covered elsewhere. The coal, both red and
white ash, are esteemed BY all who have used
them, as superior to any either Lchiah or
Schuylkill.
a. II will require hnly about three miles of
railroad 10 connect The mines with the Catla-
wissa, Williamsron and Erie rail road and
thence the coal can be delivered to the iron
manufacturers and other consumers of This
and Monlonr counties, and in fact TO the ex-
+ temity Of the West cheaper than from any
other coal district IN the State.
This the Company will DO enabled TO do,
by the peculiar and advantageous situation
of the codl.
The vast deposit Of coalsixly feet in depth
OF thickness 10 on and near Tie summit oithe
snountain. A tunnelcan be drove in,to the bot
som OF the basin, through which the coal can
re taken out, at the same lime afording an
outlet for any water that may accumulate in
the mines, rhus avoiding The outlay for put
ting mn, and expense Of maintaining engines,
pumps, &c.
Columbia county, containing such vast and
rich deposits Of coal, iion ore and limestone,
is destined, 10 become one Of tho wealthiest
counties in the State. All we want is capital
and enterprise. We are informed this Com
pany possesses both, and wc may congraIu-
late ourselves that there is now a prospect Of
our hitherto TOO much neglected wealth being
made available, and tho stockholders of the
Company richly reimbursed for any invest
ments made.
The follow ing is The act Of incorporation:
IN ACT to Incorporate the Cohsmbta Coal
and Iron Company.
Bel enacted, &C., Tha, Charles B. Penrose,
Lee w. Burlington NJ. D. and John c. Sims,
or q majority of them and their associates,
successors, and assigns, be and they are here
by created and constituted, a body corporate
and polite, blythe name, style and tile oflhe
Columbia Coal ard xon Company, The Cap
ilal stock OF which CompaDy, shall be five
hundred thousand dollars; with the privilege
Of increasing the same, in the suia OF Two
hundred and City thousand dollars more snd
the said Company may hold not exceed
ing fhree thousand acres of land al any one
time in the counties of Columbia and Mon.
tour, and the said Company shall have the
same powers, liberties, privileges, and immu-
mites, and DO subject TO the same terms and
conditions, as are imposed on the Antbara.
Gle lion Company passed the twenly-fhh
day Of May 1889, and the SAID Company, are
hereby fnflher authorized 10 employ, such
portion of their capital as msy be necessary,
in mining coal, constructing rail roads, and
In transporting 10 market and in vending The
produce OF their lands, and mines, and in
dealing in such articles Of personal property
as may be necessary TO cradle them success
fully 10 carry on their operations. Provided:
That the said Company shall pay 10 the
Commonwealth a tax of one half Of one per
centum, on its capital stock, in five annual
insialmen:s. The first whereof shall DO paid
before this act shall go into effect.