The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1856-12-30
1he X ma " ha Coal in,erest.


We have frequently called public attention to
the immense coal seams which line the Kanawha
river for very many miles. and which win, At no
distant day, yield untold wealth 10 those who are
70 fortunate Is to be their owners The quality Of
tho coal 10 the very bcst--varying from an excel
lent "splent," (similar TO the celebrated Scotch
"Splent,~ to the best Camel coal, and the quantity
Il Of immeasurable extent.
There are no such deposites Of coai-wha ether
we consider the width Of seams or the excellence
Of quality-anywhere In the great Ohio Valley
The coal seams Of the mines near Pittsburg, do
not exceed four feet yet the coal lands sell there
at $500 to OIL 900 per acre. The seams on the ka
nawha are numerous. amounting to thirty different
veins In the hill aanking the river and one of those
veins is eleven feet in thickness yet the coal lands
here sell at less THAI our farming lands In Eastern
Virginia. The veins run horizontally into the
hills, and the mining operations are therefore free
from that troublesome enemy of the MINER mater
and from that more dangerous one the explosive
gasses which infest the mines that are far un-
foreground.
Why is it, the reader will ask, that these mines
have not been successfully workeda The answer
10, that the navigation of the Kanawha is so OBJ
structed that the coal cannot be transported by it
to the Ohio A scheme for its improvement passed
the last Legislature, and this it is hoped will in
short time be carried out and the mines be put in
active operation.
The demand for the coal from the Kanawha
mines will always be equal to the supply. 1t is
preferable to any other and must command read
Ter sale at better prices Besides, the recent dis
covery by which from Camel coal a valuable oil
is manufactured, opens new source of demand
and profit to the miners. The vast expectation
from Pittsburg in 1853 furnishes some idea of the
demand for coal on the Ohio 1t reached the
amount of &c, ZOE, 92l bushels.
The Kanawba coal fields are Immediately upon
tie line of the Covlngton and Ohio Railroad and
when that is completed an additional outlet will
be opened which will add largely to the demand
for their Goals, especially the camel coal.
APmre, Honest and Reliable Press.
A famous stock jobbing quarrel between the
New York Times and Herald, growing ont of ia
cob Littles failure, has induced the Day Book to
volunteer the following disclosures concerning the
bogus associations which, under the name of the
Mccullough Mining Company, was pulled into
public favor by the New York journals, and then
suffered to collapse.
"Now it seems to u.s." says the Day Book, that
better. The apportionment, as we understood it
at the time was, to the money writer OF the Herald,
Mr. Hudson, $50 shares; to Mr.. Snow, of the Tri-
bune, $50 shares; to DR.. Norvall, OF the Times,
2U0 shares to Mr. Gracen, of the Posi- 80 shares
TO MIR Josephs, of the Express, $50 shares; to the
Day Book, 50 shares These shares were all to be
delivered to us st the end OF two months, at two
dollars share The way Mccullough was pulled
and bowed, and pushed up by the leading daily
papers during the next sixty days, was caution
to the BEARS and before the time, or by the time
these shares were delivered sold at IL. Whether
the money writers took their apportonment at :,
aud sold out at IL, we never knew, but we rather
guess they did
The profits ON the transaction instanced by the
Day Book, supposing the parties to have sold at
the advance was in round numbers as follows:
Herald .....S2,2oU w
Tribune.
Times. .....-- ..........'.... IoOU w
POST. .....s.....-.. 1,S)U w
Express. .......-. ,00U w
Day Book. ACKNOWLEDGEMENTS. $50 co
1Otal. . w
Judicious persons will in future scarcely place
much faith in stock jobbing reports published in
athor of thn.p Now York iournsls