The Fremont County record. [volume] (Canon City, Colo.) 1877-18??, 1880-06-26
GRAND CANON COAL COMPANY.
4 Bonanza of Black Diamonds in Colo.
radO---A Kew York Company 0perat.

4 Bonanza of Black Diamonds in Colo
radO---A New York Company Operat-
Z ing it.
I The Grand Canon Coal Company now
owns $3.50 acres of coal land neaT Grand
Canon, Fremont County, Colorado. A
thorough geological survey Of the Com
pany's property is now being made under
the supervision of II. d. Mackay. the attor-
ney of the company The reports from the
workings are to the effect that the level
OpeI ings are now in complete readiness for
mining from three TO five hundred tons OF
coal daily y./Ihe main west and north en-
tries are Being driven with all possible
speed, and will be continued until the out
put of coal reaches eight hundred to one
thousand tons daily. Every facility in the
shape of complete machinery and perfect
preparation for cheap and economical MIN
ing is now possessed and the company now
only await the completion of the A. Il.
broad gauge road from Pueblo to these
opeuings to commence the supply OF the al
ready large aud increasing demand for the
Grand Canon coal. The railroad Will reach
the openings within thirty days. 1t Is an
admitted fact by all who know Of the prop,
ert, of this company, the coal frontage and
all the surroundings. and preparations Tor
extensive work. that the Colorado market
for the next two or three years. must ana
can only be supplied from this company's
propcrty. The examinations and surveys
now being made will authoritiyely estab-
Ish tins fact. From careful estimates
made bv those well informed, it is believed
that the company viii be able during the
first year. commencing at the date of the
completion of the railroad to the mines to
pay siM per cent per annum on the entire
capital stock. 1t is understood that SO soon
as the road is completed, and the work OF
supplying the markct is commenced, the
stock OF the company will be listed on the
boards in New York. but not before. The
office of the company IL at % broadway,
room 30 where any Information sought
can be obtained BY addressing the president
Of the Grand Canon Coal Company, or
George Z. Keep, secretary. The stock of
the company Is issued full paid and non-as-
sessibie. The company Is organized under
the laws of the state of New york. I he
capital of SO, ,00O, 900 Is divided into GOO,OOO
shares, par value So per share.
The above from the New York Daily
Mining News is another proof of the fact
that the coal interests OF Canon City have
not been over estimated. No mine in the
state is better opened or better adapted to
extensive coal mining than this, and the
machinery the company have erected gives
1t an advantage over competition which
makes 1t possible to successfully place the
price Of this valuable fuel within the reach
of all. II is estimated that they can place
upon the market $50 tons daily and the
completion Of the A., u. u 5. II. broad
gauge track TO that point is only awaited to
make 1t, one of the most, if not the most.
valuable and accessible coal properties in
the west. The demand for this coal Is
steadily increasing as It's heating qualities
become known, and for all purposes where
steady fire is required the '.biack dia-
l-,s n 4. f'.H al