Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1882-03-05
Managed and Controlled by n Strong Conn
pany of Business Men and
Cauitalists

Capitalists
The Poplar Greek Coal and Iron Com
pany was organized at the Lamar House, in
this city, on yesterday, with capital of
81, 000, 0o0 The company own 10000
acres of land at Winters Gap, in Roane,
Morgan and Anderson Counties, known as
the Poplar Greek coal field, estimated by
Colonel Killebrew to contain twenty-six feet
of coal in FIVE available veins The lands
are now penetrated by the Walden's Ridge
Railroad, narrow guage, connecting at
Oakdale junction with Cincinnati Southern.
aud lie within a mile of the projected
Emory Gap road.
The stockholders are the representatives
and heirs of II. II. Wiley's estate and Col.
e. j. Foreacre, of Atlanta, Z. ID. FEppen,
G. Cullen, G. S. Newman, T. B. Dorsey, I.
R. Cornick, jr., c. E. Lucky and r. h.
Swepson, of this city, and A. B. Tavel, of
Nashville.
Colonel Foreacre was elected president
c. f. Lucky, vice president; L. d. Flip
pen, secretary, and E. F. Wiley, treasurer.
All of these parties are well known in
this community, except, perhaps, Messrs-
Foreaere, Fhppen, Dorsey and Tavel.
Colonel Foreacre is identified with the
Richmond & Danville railway system, bay-
ing charge, to a large extent, of the con-
struction and equipment of the feeders to
that system He is president of the North
Eastern Railroad, of Georgia, and the pro-
iected Rabun Gap Railroad, and Knoxville
and Cincinnati Railroad commonly called
the Emory Gap Railroad.
Major Flippen is general auditor of the
Cole system, and has recently come to
Knoxville, with the view to making it his
permanent home. He was formerly con-
nectetl with railway circles in Nashville.
Mr. Dorsey is from Joplin, No., where
be has been operating extensively in lead
and zinc for many years, and comes to
/ Knoxville to make it his permanent home,
with the view of operating in coal and iron.
Mr. Tavel is the successor to the we'll
known publishing house of Tavel, Eastman
/ & Howell, of Nashville, and is very gen.
! orally known in business circles.
Leases of mining interests were awarded
/ to the Popular Greek Mining Company and
| the Winters Gap Coal and Coke Co, both
! of which companies will be controlled
largely by Mr.. Dorsey. These COM
panies each contract for minimum output
of $50, 900 bushels per annum, and expec
to have their coal upon the Chattanooga and
Southern market by the LIST of November
This coal cannot be delivered in the Knox
vile market until the Emory Gap road j
completed.
We understand thai Col. Jno. G.. Scott
President of the Oakdale Iron Works, pro
nounces the Poplar Greek coal superior TO
coking and iron manufacture to that O
Connellsville Pa, which has been though
for many years to be the finest in tn
United States if not in the world and
very strong indication of his faith in tn
quality and quantity of the deposit, is foun
in the fact that his company have built
railroad in the interest of thei
furnace at a cost of over 800, 900 in orde
to reach it. There is now every assurance
that the Emory Gap will be complete
withithin comparatively short time, thu
opening up the field to the Knoxville mai
ket, aud through the North Carolina an
South Carolina railway systems to the Altar
tic seaboard