Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1900-11-24
GREAT DEVELOPMENT.
Promised for Interior of The
State.

State.
Big Syndicate is Formed TO Take Ont
the Coal-They will Build Railroads.
Well Known West Virginians Inter-
ested In the Scheme -Parkersburg
will be Headquarters.
4 syndicate, of Pittsburg, Erie and
Parkersburg capitalists yesterday com
pleted the purchase Of %, 26s acres of
the finest West Virginia coal land
and began the preliminary arrange
ments for the formation of n railroad
aud coal mining scheme that promis-
es bitter competition for the Monon-
gahela River Consolidated Coal &
Coke Company in the markets Of the
South and Southwest. 1t is the in
tention to expend SIS, 700, 900 in ex-
tending existing railroad lines, build
ing steamboats, aud barges and in de-
velopIng at once the immense acre
age of fuel. 1t is probable that g.
600, 600 tons of coal will be mined
annually.
The PittsbuTg members of the syn
dictate prefer fer the present to be
unknown, but the active managers of
the new scheme, who were with them
in Pittsburg last night, are b. e.
| Cartwright, General manager OF the
| Pittsburg, Shawmut & Northern rail-
road and the Shawmut Coal Company;
Goyernor-elect A. B. White, of West
Virginia and II. c.. ia, kson, Presi-
dent of the Little Kanawha railroad,
Of Parkersburg. The Braxton Coal
Company, with capital of 81, 900, 900
was formed yesterday at Pagkersburg
and it is expected that the organiza-
tion will be completed early next
week. Henry @. Jackson will remain
as President of the Little Kanawha
| railroad temporarily, and Mr.. Cart
wright is temporarily Vice President
and General Manager.
ON BOTH SIDES OF THE RIVER.
The coal territory lies ia Gilmer,
BraXton and Lewis counties, and ey-
tends along either side of the Little
Kanawha river, beginning about 10
| miles from its mouth. The coal runs
in veins of from TO II feet deep and
it is said to be of the finest quality.
1t will be opened by drift mines.
The property was purchased from
about 100 farmers for 1000, 900.
The Little Kanawha railroad was also
purchased, Mr.. Jackson and Governor
White remaining in the new syndi-
cate.
This road now runs for 81 miles,
from Parkersburg to Palestine and it
is the intention to extend it at once
to huntsville, on the Pittsburg &
West Virginia railroad a distance of
IS miles making the total distance to
the Ohio river 100 miles. This road
will enable the syndicate to thorough
| ly open the great tact.
The plan OF the syndicate is to send
its coal down to the harbor in the
mouth of the Little Kanawha where
| for miles eight feet of water is had
at the lowest stages in the Ohio river.
Towboats will be built and the inten-
tion is to ship the fuel down the Ohio
to Cairo, New Orleans and to export
vessels at the mouth Of the Mississ-
! ippi for ports on the Gulf of Mexico,
COuUu aulcilCd anu tjc w cob luuico.
1t is believed that it will also be pos
sible to ship coal to Europe by this
| route.
SOME DANGERS AVOIDED.
The claim is that six of the eight
dangerous railroad bridges between
Pittsburg and Cincinnati will be
avoided, that navigation will be en-
joyed for much longer period than
by the Pittsburg operators sending
coal out Of the Monongahela river
and that coal can be placed in the
boats on the Ohio at Parkersburg, af-
ter the railroad haul, as c1eaply as
the Pittsburg operators can mine and
load it there. The members of the
syndicate then say that they will
have the advantage Of Is cents ton
over the Pittsburg combine, and that
coal can be sent from ParkeTsburg to
New Orleans for rs cents ton.
| They contend that the dangerous
river between Pittsburg and Parkers-
burg makes the shipments of the Mo-
nongahela Company more costly and
that ia their plan all this will be
avoided. They believe that they can
market 1000, 900 tons annually and
that this share of the 4,000,Q 900 tons
shipped annually by the Pittsburg
combine can be taken away.
na,.o HouaoIIaI