The Portland daily press., 1865-04-07
The Eagle Hill Cha, Nine.

Certain reports prejudicial to the Eagle
Hill Coal Company having been put III circu-
lation, such, for instance, as that the mine is
about played out and that subscribers to the
stock will lose their money, we have been re
quested to copy for tbs benefit of the large
number of subscribers in this city, few ex-
tracts from the official report made to the
stockholders, by committee of gentlemen who
visited the mine and made personal investga-
tions in relation to its prospects, its interests
and the facilities for producing coal.
This Committee consisted OF Col. N. A.
THOMPSON, Hon. ). p. Benson and A. G.
PECK, Esq. Col. Thompson Is gentleman
whose character is too we'll known to require
bolstering at our hands. Mr.. B3nson is well
known as Secretary of State for this State
during the administration Of Gov. Kent, and
Representative 10 Congress from the Ksnae-
bee district. He is a gentleman of unimpeach-
abe integrity. Mr.. Peck Is q weli-known re-
tired Dry Goods Merch ant of Boston.
In their report, a. ter visit TO the mine and
personal investigation they say:
To the Stockholders Of the Eagle Hiu Coal
Company. si seoat
GENTLEMEN:-1n pursuance offs vote pass
ed by you appointing COMMITTEE to examine
the Eagle-Hill Coal Mine, we have visited the
property, and investigated its character, ca
pacity, present product, facilities for working,
&C., and submit the following Report:
The Mine is situated near PottsVille, Schuyl-
kill, Pennsylvania, ninety-six miles from Phil
adephia, with superior railroad aud canal con-
Veyauce to that point and New York, and is
one OF the nearest to the tide water in that
coal region.
Inc property consists Of a lease of the large
veins upon the well known Eagle Hill tract,
Deing inc HMammolh," "Skidmore," and "Sev-
en- Fo0t veins, containing in all between for
ty and fifty feet of coal, with mile OF work
ing extent upon the veins. The sMamnothn
vein Is ttoenty eighth thick upon this nron-
erty. The improvements upon the pronertv
are new shaft, one hundred feet In den,h
Just completed upon the "Mammouth' vein a
Slope, breaker, Three engines, and all necessa
~ fixtures Tor extensive work. ra
The Mine is in active operation. nroduc;n,
about Str thousand tons per month. which
Will De increased to from one hundred and
twenty-five thousand to one hundred and M
ty thousand tons per year as soon as tho y, as-
ent breaker is enlarged and other i,nnrove-
ments completed, Tor which ample provision is
made by the terms OF subscription. This
will leave a surplus, after distributing f6,
thousands tons to subscribers, of more Than
seventy foe thosudnd tons to be sold 10 pan
as diuideldS
Inc present cost OF producing coal, and de-
hvering it at Port Carbon, the depot of the
railroad and canal, is about 1925 per ton; to
whicn must be added the frieghts to Boston,
IN estimating the cost OF coal in this market.
lac coal can now be sold at Port Carbon at
5000 per ton, yielding about So 75per ton
clear profit. It can be readily seen. there
lore, what the entire profit would be If the
whole amount OF coal, say one hundred and
twenty Eve thousand tons, were sold at that
A., Inc coal is an anthracite, and has reputa-
''o A. 'or quality equal to any in this vicinity.
a., ~ ,U:ce OF its quality, and the estima
.lon ~ winch 1t is held there. we found unon
inquiry mat 1t had been and now il extensiv-
~ 1sed Dy the Palo Alto Furnaea Gomnsnv
with great satisfaction. Ofits snna,;o Psi;
ty for all uses as a fuel ,Sa Supealor guar
question. y -s can Oe no
10 conclusion, your Committee wo,,,,. az.
that they have great confidence in 1a i s.ate
based upon the quality of the coal ".' nsths,
vsens ana consequent quantity of coo5 - 80
dom from water and therefore chsanmsssseass
mining ,nearness to msrket and faciiitw ~ Il,
transportation and that 1t Is now in nrodnc.