Nashville patriot. [volume] (Nashville, Tenn.) 1858-1860, 1859-01-17
A New Coal Company.

A New Coal Company.
Under the name of the Emery Transports
ton and Manufacturing Company, a new en-
terprise has been inangurated in East Ten
nessee. To the above named Company,
which was duly organized on the 18th ult.,
by the election IF JONI STAsFIELD, Esq,
President, and Messrs. G. W. GERDING, B. T.
STAPLES, Jas. WEST, and EDWARD BLACK. d.
rectors, the Legislature of '55 and SO, grant
ed a perpetual charter, authorizing the erec-
ton of certain dams and locks. by which
Emery river will be made navigable 10 the
very heart of the coal-fclds in Morgan coun-
ty. The distance from these mines to Kings
ton by water, is about thirty miles whence
all the markets in the valley of the Tennes-
see and the Mississippi are Of easy access.
The Improvement contemplated by the
charter of this company, requires the erec-
tion of only three dams and as many locks.
These will render the richest coal-felds in
the State accessible by slack-water naviga-
ton; and ut the same time create perennial
water-powcr, sufficient TO drive any amount
of machinery which it may be thought pro-
per to erect. The chief advantage. however,
which this Company possesses is. that their
charter gives the entire control of the only
river which intersects the coal fields in Ten
nessee. All other mines in this State of
which we have any knowledge are situated
al such distances from navigation as to render
transportation by land to greater or less
extent absolutely necessary; but on both
sides of Emery river, strata of coal. from two
to five feet thick crop out so near the waters
edge, that coal can be " dumped" from the
mouth of the mines into boats on the river
an advantage which will render the shipment
of coal from this point cheaper than from
any other place in Tennessee.
Eight thousand acres of these valuable
cOal-lands have been already secured, and the
Company is now negotiating for a hundred
thousand more, which are partly coal, and
party grazing and arabic lands. The grazing
and arabic lands will be laid off in tracts of
two hundred and fifty acres each, and sold to
actual settlers at fixed price; while stock
holders and bond-holders will be permitted.
at any time, to convert their stock or their
bonds into arabic lands on terms identical
with those offered to actual settlers.
The work necessary to improve the navi-
cation of the Emery, has already been COM
menced; the first dam is completed, and the
immense water-power thereby secured. is
used, in part. to drive large saw-mill, now
in active operation. At this point. which
is one of the most picturesque in East Ten
nessee, the company have laid out q town,
and named it STANFIELD, in honor of their
President. Here cotton mill will be erected,
and in due time other machinery that will
concentrate sufficient number Of oper-
atives to make a thriving village.
We cannot but congratulate the Company
on securing the services of Mr.. STANFIELD
their President. He is man so well known
in East Tennessee for his enterprise, ability, in
tegrity, and success i'll life as to make 1t
almost certain that the affairs of the Company
will prosper during his administration. The
mining Engineer, Mr.. BLACK of Ohio, is the
very man for that post; he is afable, ener-
getic, and experienced; while Mr.. STAPLES,
formerly surveyor of Morgan county, is better
qualified to superintend the landed interests
of the Company than any other man in East
Tennessee; his experience as a surveyor, his
intimate knowledge of land titles in Morgan
county, and his practical acquaintance with
the rules of law applicable to landed transac-
tons, render his services particularly val
liable.
1t appears to us that this Company possesses
the elements of success it has the entire
control of the only river which, in this State,
has coal on its very banks; when the the
Improvement now in progress is completed
there will be an outlet for coal at nearly all
seasons of the year; the coal fields on the
Emery are unsurpassed in quality and they
are inexhaustable; the Company is out of
debt and its affairs are in the hands of ex-
perienced and energetic men.
For the Information of those who are yet
unacquanted with this enterprise, it may be
well to add that the stock books of the Com
pany will be finally closed on the first of
April next. after which date no stock will be
sold. About two thirds of the stock has
already been taken, and the remainder. if
there shall be any, an the day fixed for clos
ing the books. will be absorbed by the pre-
sent stockholders.