Centre Democrat. [volume] (Bellefonte, Pa.) 1848-1989, 1880-09-09
That Recent Iron Ore Contract The
Truth Of IL.

1866, Moses Thompson conveyed 20 j.
NJ. Mccoy and James II. Linn, COM
posing the firm of Mccoy and Linn,
of tho Milesburg Iron Works, all the
iron ore in tract of land of about one
thousand acres, situate in Patton township,
Centre county, reserviDg a royalty of rs
cents per ton, to be paid to him as the ore
was mined and taken away. Until recent
ly nothing was done to develop this terri
tory and no ore, except few hundred
tons has been mined and taken therefrom.
Last winter during the late boom in iron
the representatives Of the estates of John
NJ. Mccoy and james Ii. Linn, now both
deceased, for the purpose of realizing from
the large deposits of iron ore in these
lands, opened correspondence with several
large iron and steel manufacturing COM
panies, which resulted in bringing the
representatives of the Cambria Iron Com
pany and of the Edgar Thompson Steel
Company, to this territory for examina-
ton. To these examinations and negotia-
tions Moses Thompson was invited, and
his cooperation solicited and obtained.
The negotiations on the first day of July
last resulted in the owners OF the iron ore
and royalty granting to the Edgar Thomp-
son Steel Company (Limited) until the
first day of January, 1881, an option 10
lease the iron ore on about 800 acres,
including what is known as the River
Hill Ore Bank at Il royalty Of so cents
per ton, or to purchase the iron ore in fee
at the price or sum of 500 900, one-half TO
Moses Thompson and one-half 10 the rep
resentativcs Of J. NJ. Mccoy and James
II. Linn. The Edgar Thompson Steel
tain the extent of the iron ore and its
quality for the manufacture of Bessemer
steel. The result of the tests, both as TO
quantity and quality, were so satisfactory
that instead of taking until January l,
1881, to exercise their option the repre-
sentatives Of the Edgar Thompson Steel
Company came here last week, and on the
ID instant made their election TO purchase
at the price named, in fee, and at the same
time obtained an option until July / 1881,
to purchase the iron ore on 300 acres
adjoining for the price Of 100000.
This large, wealthy and enterprising COM
pany propose 10 work these ore banks
in a very energetic and extensive man
ner, and TO give employment TO about
| 1000 men and 20 accommodate them
are now making arrangements 10 build
400 tenement houses. They have also
made arrangements with the Pennsyl-
vania Railroad Company TO continue the
Lewisburg and Tyrone Railroad from
Pennsylvania Furnace, 10 these mines
about nine miles through Ferguson and
Patton townships. Now Il is evident that
this is business enterprise OF great impor-
tance 20 the people of Ferguson and Pat
ton townships and Of Centre county, and
should be encouraged as such. II was
treated as purely business matter By a II
the contracting parties, and politics was
not mentioned or alluded to by any one
during the negotiations. But Just as the
FIRST option referred TO had been exercis-
ed, and the second one was being signed, a
certain individual, who is occasionally
seen on our streets with Frenchy airs and
lordly mien, who loves 10 treat with sar
donic sneer everything which does not
emanate from himself or his coterie, and
who Is said TO sometimes act as local edi-
tor Of the Republican and Morning Ne,vs,
with petty, bitter partisan instincts, came
nosing about the room, and forthwith went
and wrote a local for the Morning Ne,es,
which was published in that sheet on the
morning Of the 4th instant. In il he sought
to give the whole affair partisan aspect
and make political capital out Of 1t. To
give 1t this turn, in keeping with his petty
partisan instincts, he perverted the facts,
and then went on the streets and boas.ed
Of the good point he had made for his par
| ty. When his attention was called by one
of the contracting parties-and hea Repub-
lican-to the untruthfulness of the article,
he proceeded TO write another local which
was published in the Morning NeDs of
this morning, which Is, II anything, more
unjust than the first, and equally un-
truthful. No such statements OF claims
which he attributes to two of the Execu.
tors of James II. Linn, am informed,
were ever made by them. 1t Is TO be re-
grcttedthat some men are so constituted by
instinct and habit that In these times of
enlightenment and professed moral politi-
cal conduct they cannot permit simple
business transaction to pass rs such, but
must needs drag II into politics, endeavor
| 20 turn IL 10 partiean ADVANTAGE and MR.