Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-02-06
And Confidence Is Being Restored in
Financial Circles, Local and
Foreign Capitalists
INVESTING In A NEW RAILROAD.
A Feeder That Will Open Up the Coal Ter
ritory Beyond the Picturesque
Banks of Noon Run.
oNEwAY TO OVERCOME THEMUDRoADs.


Another railroad is to be built this spring,
within few miles of this city, and it not
only opens up a vast enterprise, but is an
other proof that coal is king hereabouts.
1t is also an evidence of the recovery of
business con fidence, for the project was in
cepted and preliminary operations begun
last summer, but suspended when the finan-
cial furry was on.
The road is to be built along the line OF
Moon run, connecting with the Pittsburg
and Lake Erie Railway at the mouth of the
run, about nine miles below this citv. For
some reason it was difficult to find who
were the proprietors, those who knew being
reticent, and several brokers, who are usually
conversant with such enterprises, stating that
they knew nothing o! the project That
business is meant, however, is apparent, as
hundreds of acres of coal about Remington
postoffice, on the Steubenville pike, have
been optioned, and negotiations are in prog
ress for the purchase of the Remington Coal
Company's plant south of the pike. This
company has not done much work in the
way of putting out coal, but it has expended
large amount of money in driving entries,
which work will greatly facilitate the opera
tions of the new company.
Outside Capital Interested.
The company is said to be composed of
New York and Chicago capitalists. but Mr..
Moran. of Mccormick s. Moran, contractors,
said that Pittsburg and Youngstown capi-
talists were also interested. He neglected
to say who they were, but evidently knew
more than he told. He stated that work
would likely be begun early this spring,
and the six miles from the river
to Remington will soon be built,
there being but little grading necessary and
no tunneling. The grade will be somewhat
heavy, but this tells in favor. as the cars go
up light and come down loaded, running
back mainly by gravity, thus saving ex-
penditure of power.
While most of the negotiations so far have
been for options, some completed purchases
have been reported. The Mark Andrews
heirs gave an option for a month for 500,
but since then the deal has been completed,
the price paid being 500 One OF the Ed
mundsons was asked for an option on 20 acres,
but he answered that he would sell the coal
outright or not at all, and the company's
agent closed with him on the spot.
The Value of Coal in Patches.
Some people are under the impression that
the coal in that section is not of much
consequence on account of being in
small patches, the earth being plowed
By glacial action so as to leave
the country dotted with knobs-picturesque,
but inconvenient for travellers. Samuel
Shaner. however, a practical coal operator in
that section in days of yore states that 100 acre
patches are quite common, and the frequent
valleys give good air in the mines. winch is
more than worth the cost required to pass
from one hill TO another and the aggregate of
these patches is large.
The terminus of the road, for the time being,
will be IN the oil field first brought into prom
inence by the McCurdy well, and since by
several other gushers and the farmers in the
vicinity are elated over the prospect that they
will have not only a home market for their
products next season, but subsequently rail
way to send them to the city. At present they
have no market, for although living but eight
miles from the city, the roads are so bad that
they cannot compete in this market with the
farmers OF the Northwest and the hills are
dotted all over with haystacks, sUme of them
built years ago. The road is also in line with
suggestion in THE DISPATCH some months
ago, that lateral railways should be built along
all the runs that empty into the rivers, and the
mud-slough roads be abandoned until some
practical way of mending them he adopted.
A Road That Has Been Graded.
The Shousetown, Clinton and Frankford
Railway Company, composed of Allen Kirk
patrick & Co., Joseph Williams and others,
some years ago graded a road between the
points named, but the rails were never lald.
The road and franchises of the company were
sold some months ago to Eastern capitalists
and some suppose they have something to do
with the Noon Run Railway, but this was only
conjecture on the part of those who knew of
the sale, and as an execution for Sll OS0 was
issued yesterday by Isaac S. Van Voorhls
trustee for w. n. Robbins & Co, and John
Shoup Co., against the Shousetown, Clinton
and Frankford Railroad Company garnishee of
the Grand Lake Coal Company, it is scarcely
probable that the purchasers are the promoters
of the new enterprise, though they might be all
the same.
The only thing to be regretted in connection
with the proposed road is that it will destroy
the beauty of one of the finest pieces of natural
scenery left in this county. The run comes
through gorge miles in length, and 400 feet
deep. densely wooded. and the brook, as it
bubbles over its course, seems to say Il come
from the haunts of coor and hern," ETC.. but
three miles from its mouth the scenery becomes
somewhat prosaic the country being cleared
and. for farming district, thickly populated.
Lovers of nature sigh when they reflect that
within year or two the primeval forest will be
converted into railway lies and pitposts for
railways and sentiment do not travel ON the