Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1882-12-28

The CIesrfield isituminous Coal Company.
A charter was granted yesterday after
noon at the state department to the Clear
field Bitumiuous coal company. The
capital stock is placed at $50 900.
Among the iIcorporators are William II.
Vanderbilt, Cornelius Vanderbilt, William
A. Wallace, 8. Il Peale, James Tilling-
hast, George F. Magee, G. J. LaugdoD,
John Lang, j. ID. T. See, William d.
Kelly (Elmira), John G. Reading, Joseph
NJ. Gazzam and Bishop L. Wallace. The
object of the new corporation is to mine
and sell coal, iron ore, fire clay and other
minerals and to manufacture ard sell
coke made from bituminous coal. The
principal Office will be at Clearfield, and
the business will bo transacted IN Clear
field and Centre counties. The outlet
north and east for the business of the new
corporation, it is stated, will be through
the Susquehanna s. Southwestern railroad.
! charter for which was granted last
August, and Of which William \. Wallace
| is president. The railroad corporation
has i capital Of S4 100000, and its lines
will pass through LycOming, Clinton,
Centre and Cleartield counties, portions Of
| tho state that have never been practically
developed. The Reading system from
New York and Philadelphia, it is alleged,
will give ready and cheap transportation
| to the east, while the Pine Creek Il Buffalo
road will supply an outlet to Buffalo and
the great lakes.
| The Pennsylvania Railroad Secures Zig
Coal Tonnage.
| The Pennsylvania railroad company has
ordered 81, ,O0O, 900 to be expended in the
grades of the West Penn railroad from
Blairsville, Indiana comfy, to Butler, in
order that j. may be made a low grade
road. At Butler d LUX Of twenty two
miles has been built to be called the West
Penn and ShenangO connecting railroad
company, and which unites tho Pennsyl-
vania system with the ShenaugO and Ale
gheny system, the latter system uniting
with the Erie and Pittsburgh system.
These combined systems give q direct
outlet to tho lakes and touch at Cleveland,
Erie and Ashtabula. The new line is i'll
tended principally for the transportation
of coal, and its inception is said to belong
to Mr.. George B. Roberts, president Of the
Pennsylvania railroad company. The base
of coal supplies, until other lands have
been developed, will be coal territory cx-
tending for distance of twelve miles OIL
both sides of tho West Philadelphia and
the Shenango and Allegheny railroads. In
these lands 4 syndicate has invested large
amounts and formed q company, called
the West Penn and Shenango coal com.
pany, with capital Of $1,000, ,OOO
In the syndicate are represented
Cleveland capitalists, the MclIcnry's
of London, and prominent gentle
men of Philadelphia, among whom is Mr.
&. X. JamisOn. These lands virtually
control the Butler county coal fields fOl
the lakes. A portion of the lands will bt
developed by January Is. 1t is probable
that when the combined systems of rail
roads are in operation, about June 1, thai
the entiro tonnage Of iron ores that j:
brought from the lakes and worked int
metal at JohnstOwn will be brought Ovel
these systems, the gr;''lcs being more ia
vOrable and the distance shorter than by
the routes now followed.