The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1884-09-25
Valley! Interests.

Hooking Valley has within the
past few days been consumated
by the Akron Iron Co., the par
ticulars of the transaction appear
below. The proposed buyers are
a syndicate of capitalists known
as the Standard Coal & Iron Co.,
whose object is 10 control the en-
tire output of TIE valley. To do
this they have had to buy up
some 10000 acres of mineral
| land and 13 furnaces. The price
offered for the Akron Iron Cos.
property and plant was about
1925, 900 and the proposition has
been accepted.
PARTICULARS OF THE PURCHASE.
Upon The Beacon's solicitation
Mr.. j A. Long, Secretary of the
Akron Iron Co., kindly yielded
TO an interview regarding the
above transfer, with the follow
ing interesting results:
''Of what, Mr.. Long, did the
Akron Iron Co.'S. property in the
Hooking Valley consist g"
''Of our furnace, all our i'm
provements, about 1889 acres of
iron and coal lands and the town
site of Buchtel."
Exactly where is it situated2"
'In the south part of Hooking
and the north part of Athens
counties"
when did you buy itg"
"ln 1877, just about five years
years ago.
slow long have the negotia
hons for sale been in progressg"
preliminary negotiations were
begun last summer with Mr. |
Bu-htel and myself. They were |
then dropped until ten days ago,
when Mr. Miller and myself met
the parties in New York"
And from them you received
written proposition 90
eyes, sir"
"Who are these parties 80
's.i he Standard Coal and Iron
Go. The President is Gen. Sam
uel Thomas, of Columbus; First
Vice President and General Man
ager, VIM. d. Lee, of Newark
and Directors. Samuel Thomas.
w. d. Lee, Matthew Addy and
Charles Foster, of Ohio; JAS.
G. BLAINE, Eugene Hale
and George Hall, of Maine; j.
H. Brooks, Oliver Ames and G I
w. Dove, Of Boston; Jos. Villas,
5. B. Elkins ard Geo. w. Chap
man. of New York City"
What is the object OF this
;yndicates"
Its object is to buy up and
a large part of the min 6
sral lands of the Hooking Valley :
md contiguous territory. It
will control in all some 4O.001
.cres of land and 13 furnaces. !.
md with a capital of $25, 600, oUJ s
t can make further inprnve- o
nents in the way Of bnii.:jng
etc, as the case may
lecide."
''What was their proposition t
o your company !? "A
''They are to take all the lands =
nd the personal property in our ;,
lands and will pay about sS25, !,
900 down, the rest n {
0 days. Il
"When did you get this propo- $,
ition e.
"When in New York with Mr.. :"
iiller on the 10th of March. Ii 81
yas a written proposition. and le
'e accepted it by telegraph and D
lail on the 18th"
In addition to the above, The :,
'eacon learns by inquiry of Mr. u
'nchtel, that he still holds 220 q
cres Of valuable coal lands on te
unday Greek, and, we believe e(
ne Company retains about 400 :.
cres. The transfer also includes -
le tract of $40 acres in Hooking 'e
ounty donated by Mr.. BuchteI Ell
, Buchtel College, and will re- al
|ize handsomely for that insti &.
ltion. The Standard syndicate
as already bought out the Wi
Ona. Gore and Crafts furnaces &C
II $700,0GO. for which 800, 900 &C
! bonds were given and 5000, 600 az
cash. q,
THE DEED OF THE PROPERTY. tr
On the 3lst Of May, 1882, Re &C
,rder Weaver received for Re th
,rd deed from James Hall and de
is wife. Roxie Hall, of. Boston: le'
the Standard Coal and Iron co
,. covering property purchased, til
,nsideration $23 429. .375. tn
On June Sih, 1882, JAMES G. mi
LAME, ". d. Lee and others or
the Company came down the Wa
ocking Valley in President tn
reene's private car, and msd or
inspection of the Land Grab. SET
Since Mr.. Biaine's nomination nh
+ the Presidency his relation col
tn this corrupt corporation was wi
arged against him-his friends sto
rsistently denying. About a th(
onth ago. ex Congressman Bun tru
+, of Jackson county. o., ad Yo
essed Mr.. Blaine letter of TIN
JURY Oh this matter, Blaine Bo
plying. saying in effect that he 9th
$12 500 TO the enter wit
Sc. and held bonds which he der
uld be glad somebody would me
,e off his hands. cha
FLe Standard Coal and Iron sou