The Elk County advocate. [volume] (Ridgway, Pa.) 1868-1883, 1875-08-05
Pennsylvania and Erie Coal and Railway
Company.


H. A. Parsons Jr.--DEAR SIR:-YouI
| readers are well aware that for a number
of years different parties have been agtat,
ing the question of building railroad
| from the coal fields of Elk county to some
point on the lakes Having this object in
view, various charters were obtained grant
| ing to several distinct corporation ample
| power to build along the proposed routes,
| and strenuous efforts have been made, from
time to time, to secure the funds ne cessary
to carry on the work, but hitherto they
have only resulted in the periodical ap.
pearance OF corps Of engineers, and
much consequent talk. The citizens of
Elk county will be glad TO learn that the
time has at length arrived when this sub
ject is assuming a tangible, reliable sh Gpe.
\ consolidation has recently been effected,
whereby the property aud frapchses of n
number Of these companies are Joined to-
gethcr, thus harmonizing many conflicting
| interests and placing the whole matter on
good, solid foundation.
The consolidated company will be known
as The Pennsylvania and Erie Coal and
Railway Company. The principal compan-
les merged in it are the Buffalo, Bradford
and Pittsburg Railway Co; the Buffalo,
Rochester and Pittsburg Co formerly the
Elk and 'Kean Co y the Daguscahonda
Improvement Co; the Brandy Camp Rail,
road Co., the Northwestern Mining AMI
Exchange Co., Of Erie, ard the interests
known as the Shawnut property:
The consolidated company thus comes
into possession of property formerly be-
longing to the various companies, as fol.
lows:
The Buffalo, Bradford and Pittsbury
Railway Company, oct miles of road, built
and running, eight miles of grading. two
engines, a number of cars, and a bout 5000
acres of coal, timber and oil lands; the
Daguscahonda Company, five miles of rail
road built, and about 1000 acres of very
valuable coal lands; the Northwestern
Mining and Exchange Co., about $4,000
acres of mineral and timber lands the
Shawmut property, about 5000 acres of
mineral and timber lands, sixteen miles of
railway built, two engines, and lot of
cars, telegraph line. &c. 1t is confidently
expected that this property will furnish
such ample security that the company will
experience no difficulty in obtaining money
even in the present hard times.
Arrangements have already been nearly
completed for sufficient amount of money
to extend the Buffalo, Bradford and Pitts.
burg road to point on the P. & E. road,
these arrangements are completed (proba.
bly, within a few days. the location of that
portion of the route will be made, and the
construction be Immediately begun. When
finished, the company will be enabled to
deliver coal from various points to Carol
ton, on the Erie Railway.
The officers of the company are as fol-
lows.
PREslDENT-Col. H. G. Stebbins.
VICE Presidential. A. Marsh.
SECRETARY-O. H. Dewing.
TREAsURER-A, Mckinney.
GENL. SUP'T.. C. r. Farley.
CHIEF ENGINEER-.H. A. st. John.
Ii is currently reported that the contract
for grading this part of the road has been
awarded TO Messrs. Wilcox and Murphy,
but this is likely incorrect, as the board of
directors have decided, before anything
else is done, to have Mr.. St. John and Col.
P. Jarrett 60 over the ground and select
seme one of the many lines that have been
proposed.
The recent development of oil territory
in MKean county, along the line of the
Buffalo, Bradford and Pittsburg Railway
promises to still further insure the success
of this project, During the past four weeks
q number of wells have been put down,
ranging in productive capacity from thir ty
to one hundred and fifty barrels per day.
The people of st. Mary's will probably
be disappointed to learn that the line upon
which this company proposes to build will
not touch their town, 1t istheir misfortune
to be located on a summit, and as there is
no immt diate prospect of their getting the
county seat removed to that place, they
had better bes tir themselves so that they
may reap q part of the benefit to be de-
rived from this northern outlet. "If the
mountain does not come to Mahomet" it
will be an easy matter to raise sufficient
funds to build the six or seven miles of
road necessary to give them connection
with this line.