Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1889-01-29
a BIG sen Z.
syndicatess so Develop the COar-Fteids
OF west Virginia.

A Baltimore telegram says: Ex-senator
johnson n. Camden, Of West Virginia, has
completed tue formation ei two corporations
that will give a tremendous impulse to the
development OF West Virginia. lie has been
10 this city frequently for a month, and to-
night announced bis plans In connection
With several friends he has formed "
syndlcates, one 10 buiid a railroad and
The other 10 form q coal and coke company.
The railroad has been incorporated under
the general laws OF West Virginia
and will extend along the banks OF the Mo
nongahela river from Paramount TO Clarks-
burg. a distance OF thitty-fye miles Senator
Camden has been able to make satisfactory
terms with the present management OF the
Baltimore and Ohio Railroad Company in
the matter OF traffic arrangements. The
new railroad will, by the system OF railroads
now operated anG controlled by Senstor
Camden, be aDle 10 reach every point OF I'm.
poriance in that part OF West Virginia.
with the railroad, which is known ~ the
Mononsahela River railroad, he has formed
the Upper Monongahel2 Coal and Coke Com
pany.
The property includes 80, 900 acres OF cosl
area, along which n nine.ioot vein OF the
celebrated Pittsburgh coke and gas.cOal
crops out along the surface and entirely
above the water level. The region is q con.
tinustion OF the Pittsburgh coal deposit at
its widest part and Constitutes the great coal
seam OF the United STATES that IN this part
OF West Virsinii attHins its best de-
velopments. The new railroad will con>
meet vtth tho PsTkeTsburg aud the
Wheeling branches OF the Baltimore and
Ohio and enable tho coke and coal 10 find
markets IN Cincinnati, indianapolis, snd
st. Louis, and the points west to ct. Louis
in the Southwest and CHICAGO aud the lakes
in the Northwest. The new coal will not
compete win the deposits OF the Georges
Creek region. where the Consolidation and
other companies are located, nor with the
Ella Garden, where the West Virginia Gene
trail u interested, because, unlike them. II is
gas and coke-making coal. The road IS
expected to make toe greatest local feeder OF
the Baltimore and Ohio Tor the West.
Senator Camden is The principal OF the
syndicate which raised the money. The
railroad will 10 OF standard Tauge and built
OF sixty.tcvsI,peusd steel rails. Along the
line tue coal spd coke company will build
i've hundred coke ovens. All the money,
asout 90. 700, 900, has been raised asd the
road hss bsen bonded for $4,000 a mile.
The bouds, which pay 3 per cent. are for
thirty years. and have all been sold, and the
road wln not come on the market Tor sub.
scribers. The read will reach Weston aud
Buckhanuou, and II Is contemplated 10 ex-
tend II as far az Brsxtsn Courthouse. on the
Elk river, making = System OF roads which
will reach every important point drained by
the upper MoaosEshela.
The cosl.felds opened up by this new
enterprise Will be almost a. large 50 the
combined regions of GoDnell,ville and Pitts
burg. The vein has beea opened on every
farm along the whole line OF the projected
road. II possesses the advantage OF being
near many Of the most important markets
for coal and coke. Tn capitals OF the two
composites are Of course separate. The MGR
camille Trust Company. Of Baltimore, is the
trustee for the bouds OF the railroad.