The times. [volume] (Richmond, Va.) 1890-1903, 1891-06-21

! Virginia. Throughout great portion Oh lhls
| magnificent section wonderful beds Of iron
ore exist. and coal of superior quality Is
p,entifully found. There these have probably
slept through the centuries, awaiting the en-
ergetic hands OF today to reveal their vast
ness and TO profit by their presence. They
are rich beyond computation. and each vein
| that is tapped and each entry that IS driven
but demonstrates the presence or ineXhaustl-
bic stores of mineral wealth in this immediate
vicinity. which must aid will inevitably reyo-
lutiOnlZe the coal and iron industries OF the
Old Dominion.
FARMvILLE COAL AND IRON COMPANY
Of all the enterprises to which the reVela-
ti0ns of these unbOunded stores has given
birth there ara none whose valuable holdings
exceed those Of the abOye-named coal and
iron company.
II was one Of the very first to recognize tho
enormous resources of this section and negO-
tiations were speedily pressed and finally
closed. leaving the company ia possession OF
some of az valuable holdings as the mining in
dustry has ever brought into consideration.
THE COAL MINES.
The Piedmont mines in Cumberland county
are about two miles from this city These
mines were worked during the war by Mr.
Houston, but since that time have not been
operated. There are two excellent mines Of
coal each three and one-halt feet thick The
company propose 70 reopen these mines
within a short time.
The sEAY MINES.
These mines arc about two miles from the
Piedmont mines. and embrace now three
veins OF splendid coal. aggregating ten and
half feet At shaft No. 1 they are now
mining splendid quality OF semi-btumnous
coal of a bright and excellent character. The
other two veins have been opened and found
10 be equal IN quality 10 that OF shaft No J.,
end preparations are now being made 10 erect
permanent plants n time 20 accommodate
the fall trade.
Tests made Of the coal have demonstrated
that 10 is of an excellent cOkng quality. u ls
remarkably free from sulphur and carries
low percentage OF ash. These coal fields are
traversed by the Farmvile and POwhatan rail-
road. and the Orange and Kevsville road has
been surveyed through the property Their
close proximity also 20 the Norfolk and West
ern road and its easy connections at Moseley
Junction with the Richmond and DanylIle
system. iusures % the company shipping
facilities which are unsurpassed.
MINES N PRINCE EDWARD.
There are also two veins of coal now owned
by the company in Prince Edward county
Both have been opened and one found to be
4 feet and the other 2t6teet. The quality has
been found to be identical with that Of Cum
berland.
a most appreciate advantage which natu-
rally attends all Of this property Is the near
ness of the mines TO the great coal
markets of the seabOard, which. COM
bined with the fact that the coal is of
such particularly high grade and the rates
of transportation 10 the markets are so very
moderate. assures the fact that constant
market at remuneratiye values awaits its
perfect development.
SPLENDID IRON ORES.
We're the holdings of the company limited
TO the aforementioned coal mines their val
ues would place the entire capitalization of
the company far above par, but they become
really only small portion of the property
when the splendid iron ores are considered
CRAY sPEcULAR ORE.
This magnificent vein Of ore, which recent
developments have shown TO be one bright
mass of metal runs in a sOutheasterly direc-
ton and has been traced mile and half
across the company's property. The hang
ing and the foOt-walls are plainly visible and
the vein averages eight feet IN thickness. dip
ping at an angle Of 45 degrees with the horl-
ZOn.
The analysis shows this ore to be very high
in metallic iron. and low enough IN phOspho-
rus to entitle it to be classed among the Bes-
semer ores. The high metallic properties Of
this ore renders the working Of It extremely
remunerative. and the enormous quantities Of
it enhances the companYs holdings almost
beyond an estimate.
BROWN HEYATITE ORES.
About three hundred and fifty yards
from the gray specular vein, and
lying in parallel strata. are the
brown hematte ores The plainly dis
cernlble surface indications of this vein ex-
tend for over one mile and a half across the
property. and the vein having been cut in
Northumberland sections, il has been es-
tablshed that it is twenty feet in thickness
This vein with its walls. forms the back
bone of an extended ridge, and is most favor
ably situated for mining. A very large body
of 1t can be won by stripping; slopes can be
driven with the dip on the vein, and at the
base Of the hill covering the hanging wall
tunnel OF very moderate length would cut the
vein from 800 10 1 700 feet from the outcrop
The analysis displays the presence of metallic
ore in a unusual degree. and has attracted
considerable attention from the mill-men of
the North
THE TOWNSHIP PROPERTY.
Partly within the corporate limits to Farm
vile and covering the beautiful pateaus
which rise upon either side of the Little But
talo river IS located the TOWNSHIP holdings of
this company. It embraces about 900 acres
and the natural contour Of the land is sur
passngly beautiful for the location of dwell
ing-houses. This propertyis laid of regularly
and tastetully. wide avenues cross all of IL at
proper intervals. and nothing is lacking to
render II attractive. The lands sklrtng the
river have been reserved for manufacturing
industries. and peSect site for a large hotel
has been laid off upon a tree-cl owned hill,
whose graceful slopes extend 10 the rivers
edge. Several springs of lithia and other min
eral waters are within these limits.
NEW FNTERPRIsys
The plans for seventy-fve coke furnaces
are now prepared and will be built at once on
the company's lands. The electric plant is
now in full operation and is located on the
town-site property. The company have Sc
cured control of the Conley process for max
ing steel direct from the ores. and large
plant will be put in at once, half of the stock
having already been placed in New York. and
the balance the company declines to dispose
OF, but will hold it among their other valuable
assets
THE coMPASY's STOCK.
The entire present issue of the stock Of the
company has been disposed of. and is now at
premium, and this the rapidly extending
values or their properties will speedily in
crease.
TIE GREAT SALE.
The company have determined 10 put upon
the market at public sale on July list I'd and
Sd portion Of their lots and farms. This is