Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-11-05
OFFICERS:

This company, as its name implies is
corporation organized under the laws Of
West Virginia for the purpose OF mining
coal and manufacturing the same into coke
OF other products of coal. The lands owned
and controlled by the company consist of
two tracts. containing 1900 acres, hav-
ing frontage of ~ miles on the
main line of the Baltimore and Ohio
Il. R., and situated at Pennington (three
miles from Fafrmont, and in what is
known as the Fairmont field), Marion
county, W. Va. Geographically its location
is all that could be desired, the distances
from Fairmont by the main line and
branches of the Z. & o. R. r. being as fol-
lows: To Grafton, % miles; to Wheeling, II
miles; to Baltimore, 3l6 miles; to sandusky,
294 miles: to Cumberland, 124 miles; to Gin
cinnati, $40 miles: to Chicago. 5s7 miles; to
Pittsburg, 143 miles Tor via Fairchance, 100
miles). etc.
The Fairmont district is the same coal bed
mined throughout the Connellsville basin,
and in the Westmoreland and Pennsylvania
gas coal basins, and the seams have a thick
ness of from to II feet of salable coal
As regards the quality of the coal, the
United States Geological Report (pp. S79-4e9)
contains the following analysis of both
Connellsville and Fairmont coke, to which
we invite careful attention:
Fixed Sui
Carbon. Ash. phur. Authority.
Connellsville. .S9.576 9.l13 0.s21 A. s. McCreath
Fairmont. .....9i.s5O 6.sIO O.4so d. 7. Day.
Within the past year over halt a million
dollars have been invested in this field by
such men as Hon. James G. Blaine, ex-Sen-
ator H. G. Davis, Senator A. P.
German, Hon. T. B. Elkins, Sem
ator Don Cameron, J. NJ. Hustead, Ply. Hite,
etc. Experts claim that this coal can be
operated cheaper under the same rates of
labor than the coal of any other region in
this country, without exception.
Many large plants are now in successful
operation, both mining coal and making
coke, so that the Pittsburg Gas, Coal and
Coke Company is making no experiment in
developing their property. While perhaps
it is unnecessary to state the fact, it is guar
anteed that the whole amount of the capital
stock will be used in the legitimate estab-
lishment of the company; not q dollar will
be appropriated to any but strictly business
purposes, such as the acquiring of real es-
tate, the sinking OF shafts, putting up OF
machinery, building of coke ovens ana
other proper expenditures necessary to the
placing OF the company in successful opera
ton.
Pittsburgers are we'll aware OF the large
amount of money that has been made in this
business. The trouble heretofore has been
that the man Of moderate means has not
had an opportunity to invest on the ground
floor, and, taking into consideration the fact
that the lands of this company have been
purchased at prices far below the cost of
those in which our Pittsburg mill1onaires
have made their money, we feel justified in
that this stock will be quickly
subscribed for by careful investors.
The company will issue $4,000 shares at the
par value of s5 per share, and subscriptions
for same will be taken at the office of Morris
& Aisbitt, No. 7S Diamond street, Pittsburg,
Pa, payable as follows:
81 PER SHARE ON APPLICATION.
81 PER SHARE DECEMBER 1, 1891.
81 PER SHARE JANUARY 2, 1899.
81 PER SHARE FEBRUARY 1, 1892.
81 PER SHARE MARCH 1, 1892.
Subscribers have the option Of paying in
'ull for their stock at time of subscription
n which case interest on the anticipated
payments will be allowed at the rate of 6per
cent per annum-
We invite subscriptions from capitalists,
business and professional men, clerks, sales
men and the public generally. The shares
re unassessable, devoid of risk and profit
bile returns reasonably sure.
The subscription list will open Monday,
october 26, 1891, and close as soon as all the
took has been subscribed.
Mr.. Walter Morris. of our firm, has visited
he Fairmont coal field, made personal ex-
mination of the property of the Pittsburg
;as Coal and Coke Company, compared it
nth other property in that field, has also in
the methods under which the
ompany proposes operating, and as a result