Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1883-07-01
CosI Field. 90 be Develop

Coal Field. 90 be Developed
- he company's railroad embrace
Y .,..h larger area than the aggregate of
4 other bitumInOuS coal fields east of
Allegany Mountains. The Cum
land or Piedmont regions, north OF
h. X o., contains 10000 acres;
,arfield regions in Pennsylvania,
100: BlOss regions in Pennsylvania,
900: BrOadtOp in Pennsylvania, g.
A u: and Myersvilie in Pennsylvania,
so: making a total of 70, 500.
The Cumberland or Piedmont region,
,nrth of the B. & o., through which
the COmpanys railroad is being con-
,tructed. contains 10000. The follow
ing shows the total production of
summons coal east of the AlleghanieS,
m the Cumberland, or Piedmont,
TIearfield, BlOssberg and Broad Top
Coal Fields, for 1860 and 1880, and what
no pIOduct at the same rate ofincreaSe
i'm be l9OO-yrar 1860, l,lOO,3l6 tons;
1850, SOL. S24; 1900, 1888, S22.
The Timber II Plentiful,
~ plentifuI, and this together with
coal will materially increase the
,siness. During 1882 the company
med and sold 22S, 294 tons of coal
rom one opening on the IA foot vein
n the Fix Garden Coal Field, netting
rrofit of 500, 1906. The gross earn
rgs of the road, Is miles distant, from
Piedmont to Elk Garden, were S5S, 20
oDerating expenses SIS, 394.4O; net
10 S2g, $50. 90. The net expenses were
per cent. of the gross earnings. Inc
tal net earnings from the sale OF coal
- nd transportation were Sl2O,O+o.'i.
no interest paid on the bonds
= ling the wear were So, 6l5.ST, making
10 net earnings, after paying interest,
q 44l.S4. This, realized In one year
on, re miles of road, is sufficient 10
er. The interest to accrue during 1885
nj mart of 1854, on the million dollars
SIst mortgage bonds, or for the next
Cow mOnths, had been earned on De
nber 13, 1888. For the first six
,nths many improvements were made
the road from the Junction TO Elk
den a distance of l24 miles Since
90 iInnroyements have been COM
.Ietod and this section finished, the
average operating expenses, ;4ot per
4 ,ant have been reduced. Eeohony
bas been studied, and
px,enses Kept AZ the Minimum.
Oftbe 81 900, 900 per cent. bonds au-
,o,svsS to be issued and sold to COM
,ieta the road to the Upper Potomac
SaT falds. there had been sold up TILL
IA 3scen,ber' iSS2, S67T, 900, leaving on
h"nd sSy3, 600. The company has no
saat;pg debt. and is owner OF 5,OO0
S.as of its own stock, which Is held
,rs name of Col. L. Il. Davis, trustee.
sccordipg to the Superintendent
.nort. during the year the main traeS
as been extended to Piedmont, as
! "nce of three quarters OF mule, the
.xpenses being borne equally by TINS
l I'd the b. & o. Company, ana Inere
\ ca hem one mile, 5, LAG feet OF sldlngs
laced on the completed part OF tne
,ad and on this portion OF the line the
nRs have been sloped, bitches cleared,
I'D he'd widened, track well oaliasted,
I'll the road is now in good condition;
~ passenger and freight depots, en-
houses and water stations have
!, built. He reports property and
LING stock as follows: Rolling stock,
,Inding locomotives, passenger
nhas cars, and iron hOppers, S3I,-
% Ie. material on hand, including
! -, 81 rsiIs railroad spikes, bolts, cross
s s!eS &c IS. $40 As; saw mill, lumber,
- timber, tools and machinery,
~ u esS on !. office furniture, scales, etc,
sSb9 M making a total Of Sl55, Ia 81;
sl Oa.U, of mining department., S6O,-
p 99S m making a grand total OF S2l9,-
/ 249.5l. rx,.n.,.,
Sbav 70 the summit, distance 80
,,,iIes, and 5 miles OF slaihS, an m NJ ah,
Equipment ard stations VIII "e A''u'