Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-10-24

1ue activity OF W. W. 0uhioP, WIZ
known young attorney of West Alex
ander, and one or two others who have
been quietly at work among the farm
ers and landowners in Ohio and
Brooke and portion of Marshall coun-
ty, securing options upon coal land, has
excited a great deal of comment and
caused no small amount of speculation
as to the object of the persons or syndi-
cate behind these agents. These was a
partial revelation of plans yesterday,
when the rather meagre information
was furnished the press, that the IN
corporators of the Wheeling Console
dated Coal Company met and elected
the following directors:
David Bennett King, of New York,
President.
j. A. Miller, Cashier of the Ohio VAL
ley Bank of Wheeling, Vice President.
John NJ Birch. of Wheeling, Seere-
tary and Treasurer.
w. H. Hearne, Esq, Counsellor.
VIM. NJ. Dunlap, attorney-at-law,
West Alexander Pa; ]. T. Noble, Esq,
Claysville, Pa; Geo. w. Darr, of the
firm of Darr Moore. Pittsburg, Pa;
T. M. T. McKennan, Pittsburg. Pa;
J. V. Thompson, President First Ma
tional Bank, Uniontown, Pa.
The capital stock of the company is
s5,000,O00 and members of the Board
of Directors state that it controls 10000
acres of coal. together with all the
mines in Wheeling and vicinity. From
the financial standing of the incorpora-
tors, it may be readily seen that the
company is very strong one, and will
make itself felt in the coal market of
the country.
II is understood that Prof. John M.
Birch has been engaged in the work of
securing options upon this property,
for several months, or since his resig-
nation as Principal of the Linsly In
stitute. The options embrace several
farms in the three counties mentioned.
Most of the land is in Ohio county and
the southern portion of Brooke. 1t is
understood that the options embrace
all the property along Short Creek,
down the river front, and through this
city into Marshall county. The mines
above Wheeling and the Elm Grove
mines are included in the options.
1t is believed that it is the purpose of
the company to follow the usual course
in such schemes, namely: to secure the
capital necessary for the development
of the coal territory. and the general
conduct of the business, from an East
ern syndicate of bankers, who will be
secured by first mortgages upon all the
property. 1t is further believed that
the eastern syndicate has been suffi-
GENTLY acquainted with the geological
formation Of the land. with particular
reference to the nature, extent and ac-
feasibility of its coal deposits, and with
the remaining plans of the company,
to regard them as entirely feasible. 1t
is thought that the deal with the syn
dictate, assuming this view OF the mat
ter to be correct, will be closed during
the present week, possibly to-day.
1t is understood to be one of the
PURPOSES of the company to engage in
competition with the Pittsburg opera
tors in the southern market. through
shipments by water This. as mat
ter of course, would neeessitate the con-
struction of short line railroad from
the river front to the interior of the
kcounty.
I The Wheeling company would have a
kistinct advantage over Monongahela
river operators, in being about one hun
dried miles nearer the southern mar
keks. Possibly, the steps taken looking
towNrd the construction of the govern
menA dam below this city in the near
futurA, may have given impetus to this
enterprise. The Wheeling company
would also be able to meet the compe-
tition of INVEST Virginia coal from Fair
mont andl other regions in the lake and
western Trades, if that be part of the
sch,tne 1t is a well-known fact that
the Ohio ebunty coal is the best steam
coal known, and therefore would not
suffer in al competition in quality, for
,.,;,road steamship and similar use.
Gentlemen interested in the Wheeling
.,,o,;date6 Coal COMPANY are not dis