The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1871-08-04

They have also erected q boom upon
the Elk for the distance Of mile above
their dam, capable OF holding at leas,
q hundred thousand logs. Tbs asso.
citation has purchased about two hun
dred and fifty thousand acres OF the
finest timber and coal lands in West
Virginia-all being upon the Elk and
its tributaries At this city they have
in operation q first class saw mill, and
here their lumber is prepared for mar
ket. The extensive business OF this
association is under the superintendence
OF Colonel P. II. Gallagher, an expert
enced lumber dealer, and thoroughly
competent manager Of enterprises OF
such magnitude.
Other parties from different portions
Of our country, have also appeared in
this region, with view to speculation
as well as to aid in developing its long
numbering wealth and thereby amass
the fortunes which here are such 10 re.
ward investment industry and well-dl-
rected enterprise. Among the pur'
chases lately made in the Kama
wha Valley, and vicinity, l may men,
:ion few OF those which have come to
nv knowledge.
DR.. r. Ferguson, Of Kentucky, has
purchased tract of 8 00OO acres from
General Albert Beck ley, Of Raleigh
county, at two dollars per acre.
The Cannelton coal mines, about
twenty miles above Charleston, were
sold last month for $240, 900, to New
York capitalists. This tract contains
little over 1000 acres, and lies upon
the banks of the Kanawha. The coal
from these mines is A, No. ] and be-
fore the war large amount OF money
was expended upon this tract in erecting
houses and supplying machinery for
the manufacture Of Camel Coal Oil.
Pit Hole used up the coal oil business
in this section some years ago. Ii Is
now proposed to operate these mines,
and ship this excellent camel coal
down the Ohio and Mississippi rivers.
A line tract OF 10000 acres Of coal
land upon Loup creek, thirty-two miles
above this city, and tour miles below
Kanawha Falls, has just been purchased
by New Jersey and Baltimore capital
lists at low figures This tract lies upon
the river. The Chesapeake and Ohio
railway passes through it.
Ten thousand acres OF fine timber
land lying between Gauley and New
rivers, in Fayette and Nicholas counties,
have been purchased by Baltimore par.
ties.
About fifteen thousand acres Of tim
Der and coral lands, situated in Fayette
and Greenbrier counties, have been
purchased by Howell, Fisher and their
associates, Of Pennsylvania.
George w. Norris, OF Maryland, has
just purchased tract Of 5000 acres in
Nicholas county.
General C. P. Huntington, President
of the Chesapeake and Ohio Railway
Company, has recently purchased
tract Of 5000 acres OF coal land lying on
the river, and adjacent to this road.
General Brockerhof, Colonel Gal.
ligher and other Pennsylvania capital
lists, have purchased tract Of 10000
acres OF coal and timber land upon the
Elk river, at $3.50 per acre. This tract
contains 10000 acres Of camel coal,
with veins, in some instances, seven feet
in thickness, which, upon analysis, have
been proven to be equal in quality to the
best Scotch Goals.
might enumerate other recent large
purchases, but these will suffice to de-
note the aggressive movements OF the
enemy" upon the coal and timber
lands of West Virginia. The immedi.
ate cause OF such immense investments
is to be found in the impetus which the
certain and speedy completion Of the
Chesapeake and Ohio Railway has CIV
en- this whole valley and contiguous
country. They show q practical faith.
too, in the prosperous future OF this
new Commonwealth, upon the part OF
moneyed men in the Eastern and other
States, that is encouraging in the high.
est degree, and will aid very greatly in
making known abroad its inexhaustlble
resources, it's adaptation to agriculture,
and, under judicious management, high
" remunerative operations in the min.
eral field. Especially will the Kama
wha Valley attract the attention it 30
richly deserves, now that the locomo-
tive is abou, to awaken the thousands
who will soon, :or the first time, rec its
beauties, and realize the more impor.
tant fact, however, that with coal, iron,
salt and timber, the essential and lndls-
pensable elements Of wealth and great.
ness in all countries. abounding on
every side, this people need but capital
energy, skill and machinery to make
these wealth-imbedded hills and prolific
valleys-wbat nature has 90 bountiiully
fitted them to be-the producing and
anufacturing center for large region
OF this and the adjacent States, al
though abundanuy endowed 10 supply
and enrich an empire
Among the rare men OF our day,
whose practical sagacity, enlarged com
pr,hension and unerring judgment upon
railway matters, and their inevitable in
cidents enable them to map the future
Of century, as il upon the sands al
their feet, and review the events Of an
age in passing thought, | must, from my
knowledge OF the strong points in his
character, place in the front rank Gen
eral C. P. Huntington, the President
and master intellect OF that great ma
tional enterprise, the Chesapeake and
Ohio railroad, the nucleus Of the mos
formidable and, ultimately, in my judg
mert, prosperous and successful railvs,
! o., al. nnntinont IrInr