The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1876-07-06
O'Clock the speaking closed, and the crowd dis

O'Clock the speaking closed, and the crowd dis
! persed.
In concluding this report we want to reiter
ate the sentiments of Colonel O'Ferrallregard
ing our fellow-citzen, r. n. Pool. BY hi
! .lntlrlng efforts our mineral wealth is now he
ing developed, and by his exertions alone, We
are to have another railroad, which will unite
us by rail with tltlc-water. lie has more THAI
made up with energy what he lacked in CAPT
ltal, and is entitled to the thanks of this entire
section
The visitors started yesterday morning to Wis
1t the coal and iron developments at Dora, and
Tomorrow will be ut Rawley Springs at which
Time the grand opening of the Spri.gs vii
take place.
The Parker City Daily, published at The
home OF Mr.. S. d. Karns. the President of the
"Royal Land Company, of Virginia, . referring
TO the purposes OF the company in Virginia
furnishes the following interesting figures ant
and facts, which give assurance of the charac-
ter OF the gentlemen who have directed their
attention to Virginia:
The anthracite coal trade of Pennsylvania is
one OF the most Important in the State. The
antnracItc coal companies shipped during 1879,
zI,oOU, OOO tons OF anthracite COAL netting, at
the seahoasd, $l2l, SOC. 900.
One company has invested in this enterprise
90, oOO,OoO, for which the coal fields are bond
Gu, ana some 500 000. 0c0 for which the railroads
are bonded, making total Of 5l12, 900, 900, in
vested IN tue anthracite coal trade.
A company called the Royal Land Company
OF Virginia, of which our fellow citizen, S. d.
Harms, is President, has bought two hundred
Thousand acres OF anthracite coal and iron ore
in the Valley OF the Shenandoah. This coal
from the analysis of five chemists, is pronounce
ed to contain ninety-tlree per cent of carbon
and entirely free from Sulphur, being superior
to the coal OF Pennsylvania. This company
has bought the fredericksburg and Orange and
Piedmont Railaoad. now graded from Freder-
icksburg to within five miles of Orange Court
House on the Washington City, Virginia Mid
land and Great Southern Railroad. formerly
the Orange and Alexandria Railroad. The dis
lance from Orange Court House to the mines
is fifty-seven miles.
The thirty-eight miles from Fredericksburg to
Orange Court House was built by the State of
Virginia and the city of Fredericksburg, and
was donated to the Royal Land Company''
on the completion OF this road to Orange Court
House.
The cost Of the work already done is $780,
900, all of which becomes the property of the
Royal Land Company ON the completion of
this road to Orange Court House.
MI. ). ID. Harms, has tal.en the contract to
complete the Fredericksburg and Orange Rail-
road. and the railroad to HarrisonburS. in the
Shenandoah Valley, and to the coal mines, for
the sum OF twenty-five hundred thousand dol
lars. When this road is finished, the ''Royal
Land Company will be enabled to deliver
coal at the seaboard for one dollar and seventy
five cents ger ton, over their own road, which
will be three foot gauge, such as the Parker
aAd Harms City Railroad which has been
such grand success, and of which Mr. karn 5
is President and half owner.
The pennsylvania companies charge four and
half dollars per ton for coal by the cargo,
which will give the Royal Land Company'' a
profit CT the difference between four dollars
and fifty cents and one dollar and seventy five
cents per ton, OIL u gain of two dollars and sew
enty- five for each ton.
If the Royal Land Company furnish but
half the coal consumed, or one half of ~. OOO.-
900 tons, being IS, 100000 tons per year, at Il
| profit CT S2.75 per ton, it will net them the
handsome profit of S37, 125, 900. But say they
ship only one quarter of the total product of
| the Unitcc States, which figures SIS, 1852, $780,
This aside from the immense traffic in iron ore,
both specullr and magnetic, neXhaustible
quantities of which they own and will be ena-
bled to deliver ut seaboard at but a minimum
cost The railroad will also carry nearly all the
wheat from the Shenandoah Valley to Freder-
icksburg and the seaboard.
We consider this one Of the most importan 1t
enterprises ever engaged by Pennsylvania CAPT
talists; but lis only characteristic of the gentle
men at the head of the affair, Mr.. S. D. Harms,
who is President of the Exchange Bank, Par
ker's Landing, The Iron Bridge Company, Par
ker and Harms City Railroad Company, Harms
City and Butler Railroad Company, and whose
name in connection with any financial project
is the synonym OF success.