The age-herald., 1901-05-05

attacking and criticising men because they happen to have accumulated wealth. the better 1t will be for the rarty. The successful men are the men who make this country and every man has equal op- portunity according to his ability and en- ergy to accumulate wealth. Ninety per cent of the wealthy men of this country started with nothing. and opportunities today are better than they have ever been.
 The settlement Of the controversies in the Jasper Town and Lands Limited the Corona Coal Company, and the Jasper Land Company means much to the Bir- mingham district.
 John Greenough of New York recently bought up all the English holdings In the stock In these companies. He came to Birmingham, paid all claims against them, and now has all the property clear of any debt or incumbrance. The attor- neys and others made it rather expensive for him. He leaves today for Pittsburg, and will probably dispose of the coal mines and other properties to the Monon- gahela Company, which has recently pur- chased the Virginia and Alabama coal properties in this State.
 The Corona mines adjoin the mines of the Virginia and Alabama Company, and the output of the combined mines. which will soon be enlarged by the Pennsylvania Company will be about 3o00 tons per day. A large part of the output will go into the Mississippi river trade which is largely consumed at and from New Orleans.
 FT41-- the Birmingham district for the purpose of operating mines and making profit out Of them and the owners of this company are of the opinion that the Birmingham district property will be more valuable than any of their Pennsylvania holdings.
 The total investment of this Pennsyl- vania Company after purchase of all the properties they are now considering, will be in the neighborhood of two millions of dollars.
 Speaking of the settlement of the Co., roma and Jasper cases I am told that the attorneys fees, receivers fees and other expenses which MT. Greenough was com- pelled to make to free this property from insumbrance amounted to some 5000, ,0000. This, of course, includes the stock and debts of the company. Of this amount, however, l42600 was paid by MT. Green ough here and elsewhere during the past week to agents, attorneys, receivers, and others who have been mixed up in the legal proceedings. ~
 In speaking about these amounts last night, MT. Greenough said he considered himself good-natured man, and in his old age and period of prosperity. he made 1t point to be generous and good na- tured upon all occasions. His expendi- lures here reminded him of the story of a friend of his who was travelling in Italy some twenty years ago. This friend was held up by bandits and taken to a mountain camp where he was held until he could pay a ransom of $20.000 for his release, or else pay the penalty of falling to raise the $20 900 by having his ears cut off. It took him a week to communicate with friends and get the money. In the meantime, he made the best of the situ- ation He told stories, and made himself a jolly, good fellow among the bandits. When the money finally arrived and was paid over the bandits were so much im- | pressed with his manner and good humor | they invited him to become one Of the l band.
 ..I have really been expecting an invi- | tation to join this Birmingham band 1 said MT. Grennough. Since I closed up I with them this afternoon, really think l that I. have made myself sufficiently l agreeable to- have the invitation ex-
 tended"