Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1901-04-05
ELK0'S COAL AND OIL FIELDS.

ELKO'S COAL AND OIL FIELDS.
Recent developments have proved
that Immense coal and oil fields lie
across the HUMBOLDT river, Just
south II tiIe town CT Elkn. Whlle
prospecting wor.S has been done for
coal for several years, it is only
recently that sufficient work has been
done to determine the of
co Il III paying gu utilities. The for
uiation ~ the coIutry and the surface
indications not only show the pres
euce Of co Il. but are Of d character
TINT prove to the expert that oil will
be found ID great qu utilities.
While the location work was going
on and the necessary steps were be-
ing taken To secure the and, the
INDEPENDENT renamed quiet, us it
did not Wish to Interfere wi h the
preliminary operations or throw d
straw III the way Of the ultimate suc-
cess of the parties WHO fir i began The
work. But now that the wura ha-
progressed 81 far that sc veral local
companies nave been b rmed, the oil
fields examined 10y lead ng experts
from different sections of the oIn
and prospecting in the coal mine car,
ried h6 ond the expe imenIHl stage,
the l%DErEHDEHT can see no good
reison for It's rema lIug quiet II
longer.
IL is not the intention Of this article
TO create IL boom. but merely To give
Il plain. unvLrnishe | statement nf
what has been done IN the coal mine,
rs learned from Mr.. w. ID. IL gym
butham, superintendent OF tue Elko
Conl Company.
The Eikn Coal Company was moor
pOrated m Ter the laws Of the State.
II Wyoming ON rhe 18th OF March.
Its first IruStees are &. f. Hamm of
Evanston, Wyoming, J. IL Baaon and
David Schenk Of Salt Lake. W. y
ii2ginbOtham and Joseph Lam, Jr.,
Of Elko. The officers OF the
are rs follows: &. f. EIamm. presI
dent. W. ID. lliEginbotham, vice.
president; j. -. Bacon. e~ecreiar,
and treasurer. The capital stock Of
the company is placed at 5u0.NOn
rhares OF the par value OF al each
One hundred thousand shares OF this
stock is held in tie TREASURY rs work
ing capital. The treasury stock is
suid at % cents a share and the PEG
pie 81 EIko have subscribed Tor
ll,400 shares. %he treasury stock
will be Withdrawn from the market
Saturday.
The company purchased section 90
township 81 y Range 53E Of the
Central Pacific Railroad Company in
january 81 this year and BEGIN at
once to develop the property. Up u
this time the Development worka con
sists Of II shat: GO feet deep with n
100 foot incline to the north at u
. ich OF 90 degrees On the vein
This incline .hows 10 feet ~ 60 u
measurr, ~ viii III 80 inch q in soil !
coal. A 50-iOot drift to the cas-
shows 4 feet OF coal measur,, ui
w'Hch 33 inches is coIl ni y gopl
gu llIty. The character OF the 20 u
is n bleck lnIuite An an Iysia at
the COZ shows 46 per CO Vt liz d car
bon. All per cent 70 attic ma .er. 35
per cent Hsb. ono tenth OF one pc
cent foreign matter aud tho remand
or moisture. .
Tho Elko Coal Company has pur
cbasrd Il steam hoist. which will be
installed on tho m.nc wi hu 81 day :.
a contract 10 slnk II shaft 500 tecI
deep will bo let as 900 Hs the devel.
opme1 1T work determms its location
II is the intention o. this comptpy to
develop it, property without delay
In HdiiIu tn the EIko Coal C,m
p1Dy several home companies have
been organized 10 bore for oil mud
coal. j. j. liyIton OF Skrlton md w.
ID. iliggIubIthim ~ ElkO have 10.
On ed tho cast bali ~ section - IN
&C u md nud WI orkiniz, "A o
p my soon o lie solop neir poJo'ty
Loading experts FRO II all over tie
country have pronounced the midi ~
tons very favor ,blo for timing oil III
gte:. qu mtitics, and all ngrce III iIt
o union that It will he ~ eupo 'ior
gu Jify. M il has n parnflne hasc.
Tho country south 81 the river IL
lOcn ed Tor II diJt ,Dco ~ twelve miles
IN length nnd six miles in vi Itb.
Bes de. this bet Dumorous locations
Ia been mo lie in other parts Of the
oOuDty.