Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1898-12-01

Engage in Mining and Lumbering--
other Industries to be Opened and
Every one Will Share in the: General
Prosperity.
Within the past six months there
have been chartered by the Secretary
of State twenty-five corporations
which have for their main object the
development of some one OF the many
natural resources of West Virginia.
This statement may afford some
idea as to the extent OF the efforts
that are now being made in that
direction. With the exception of five
sections-the Kanawha, New River,
Fairmont, Wheeling, and Norfolk
and Western-the coal fields of the
State remain practically untouched,
and the immense forests have been
but little more disturbed. What has
been needed to develop them was the
capital which is now about forthcom-
ing. OF the twenty-five corporations
which have been formed since last
June with the development of these
immense resources as their primary
object, eleven have been for coal min
ing purposes, seven for timbering and
and numbering purposes, and one for
general industrial purposes. They
represent in the aggregate subscrib-
ed capital of 1851, 1856, with an author
lied capital of five or six times that
amount, the greater part of which is
domestic or local. The sum is distrib-
uted very uneQually Two compan-
les one timber and one mining. have
subscribed 800, 600 each; two COM
panies $40, 900 each; one $25, 900; one
so, 900: one IS, 900, and the remain
der smaller sums ranging from 50, 500
down to $36. The greater part of
them confine their operations to the
county in which their principal office
is located, but several limited them
selves only by the boundaries of the
State.
SOME OF THE COMPANIES.
a list of the corporations chartered
by the Secretary of State for such pur-
poses within the last six months is
here given:
Little Coal Railroad and Mining
Company, with principal of fee in
Charleston, for the purpose of develop
ing the resources of Boone county;
subscribed capital, $500.
Benjamin Coal and Coke Co., of
Fairmont, with subscribed capital
OF $500
! White Oak Colliery Company, with
| principal Office at Glen Jean, Fayette
county,. subscribed capital, 100000.
Masterson Coal and Coke Co., with
principal office at Lansing, Fayette
county; subscribed capital, $4,000.
| Consolidated Oil and Mining Com
pany, with principal office at New
Martinsville, Wetzel county; subscribe
ed capital, $15, 1000.
| Kenova, Industrial Company. of
Kenoya, having for its object the de-
! velopment of the resources of Wayne
county: subscribed capital $780,
Mingo Coal Company, with princi-
pal office at Huntington. for the pur-
pose Of mining coal in Mingo county;
subscribed capital, $1,000.
Kelleys Creek Mining Company;
with principal Office at Charleston,
subscribed capital, $500.
James Oil Company, with principal
office at Charleston, for the purpose OF
drilling for oil and conducting the oil
| business.
New River Consolidated Coal Com
pany. with principal office at Thur
mond, Fayette county, for the pur-
pose of operating mines and conduct
ing a general coal business on the CO.
operative plan; subscribed capital, $25,
900.
Ohio Lumber and Manufacturing
Company, with principal Office at PIT.
Pleasant, for the purpose of conduct
ing a general timber business in West
Virginia, subscribed capital, $50, 900.
Briar Creek Lumber Company, with
principal office at Davy, Mcdowell
county; subscribed capital SIS, 900.
Marquette Coal Company, of New
Cumberland, having for its object the
development of the resources of Han
cock county; subscribed capital, $50,
! 900.
MORE COAL CONCERNS.
Gates Coal and Coke Company, with
principal Office at Simpson, Taylor
county, subscribed capital, 81, 800.
New York Coal Company, with
principal offices at Elkins, Taylor
county, for the purpose of conducting
the business Of the company in Tay-
lor county.
John Alexander Lumber Co., OF
Grafton, Taylor county; subscribed