The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1889-01-03
NEW coal FIELD
To supply tho West and SOUTH wheeling
It's CspITs.


A good deal has been said Of the coal
fields which will be opened up in Ohio
by the new railroads now being con-
structed toward this city, A great advan-
tage which this coal will have over
that from Pittsburgh is its nearness to
market, and another Is the fact that this
coal Is Pittsburgh coal, the territory
lying on the Pittsburgh No. vein, This
will enable the new companies to COM
mand the same prices MS do the operators
at Pittsburgh. They will not, however,
pay the same rate Of wages paid in the
Pittsburgh region, They claim to bel the
HockingV valley distrlctand will only pay
Hooking valley rates, The Pittsburgh
Commercial Gazette speaks OF this scheme
in connection with the Wheeling 4 Lake
Erie Railroad extension;
A new corporations has Just been Cr'
ganiZed under the name OF the Wheel
Ing, Lake Erie 4 Pittsburgh Coal Com.
pany, James NJ. Ham is President, and
among its stockholders are many OF the
prominent officials Of the Wheeling 4
Lake. Erie Railroad and some OF the coal
operators OF Pittsburgh and Wheeling,
This company has bought all the yalu-
able coal lands along the Wheeling 4
Lake Erie extension aud arc now at
work opening their mines so as TO be
ready for shipment upon the completion
OF the extension, This coal field begins
a little below Steubenyills and touches
tho Ohio river about Portland, aud con-
sists OF many thousands OF acres OF
wonderfully rich coal fields,
The Wheeling 4 Lake Erie .roGd Is ut
present completed to BoweTstOn and
extensive coal fields in that neighhor-
hood have already been tapped, The
extension will be built right through
this rich coal district to Portland aud
Martins Ferry, a distance OF forty miles.
A large force OF men is at present at
work, Mr., ]. Il, Terry, General Agent
Of the Wheeling & Lake Erie railroad
in this city, said yesterday that the
grading for a good part OF the road was
already done and that tho rails for 1t
would next week be shipped from Car
negie's Homestead works.
The whole contract for the rails, con"
sisting OF some 1000 tons, has been
given to the Carnegie firm and will
shortly DO completed, The road will
rapidly be pushed To completion and
finished In a few months. One reason
for the pressing Of the work is that the
old South Pennsylvania railroad scheme
was not long ago revived, and US 1t is
surveyed over almost the same route as
the Wheeling 4 Lake Erie extension it
was feared 1t would get ahead Of them,
The coal land owned by the company
has been secured ut very low figure.
The scheme was conceived several
years ago, and since that time the com.
pany has been quietly leasing the land.
At first they paid 81 cash OH the lease,
but have In the last few months taken
them all up, paying cash for them. In
many cases they were secured as low as
S. per acre.
tits gigantic affair. The capital con-
sists OF 81 100000 In bonds and 81, 100000
in capital stock. II can scarcely do other
than have q most serious effect oil Pitts
burgh shippers, The plans for operation
are on an equally gigantic scale,
While tho lake trade will DO their main
point the company will ut the same time
have an opening to the river for South
ern shipments. They arc much nearer
tho market and will secure cheaper rates
than the operators OF this district.
1