The new dominion. [volume] (Morgantown, W. Va.) 1876-1904, 1902-12-31
BOUGHT A RAILROAD.
c. c. & S Purchased by Senator
Henry G. Davis,

ROAD will be extended to sutton next
spring "Opens up Important section
OF the Stare. Other News OF Indus
triSl Activity ovetr the Common
wealth.
SENATOR Davis on Monday acquired
ownership OF the Charleston, Glen.
dennin Il Sutton railroad. The deal
was closed at the Farmers Deposit
National Bank, Pittsburg, Arthur
Lee and George E. Price representing
Senator Davis and I. III. Given the
owners OF the road. The road is
capitalized at SO, 600, 600 and bonded
for the same sum, and further than
that the buyer took over the entire
capital stock and the whole issue of
bonds, the consideration involved
could not be learned.
1t is single-track railroad and
does large passenger traffic as we'll
as freight business. The original
stretch of track was constructed in
1890, and 1t was but 20 miles long in
1894, wnen the company which passed
title yesterday acquired 1t. During
che past year ID additional miles
were constructed, making the line So
miles long, from Charleston TO Glen
oennin. up the Elk river, through a
rich coal and timber region. 1t still
required q 35-mile stretch OF track to
take it TO Sutton, and the company
intended TO build this section as soon
as the weather would permit. Sen
ator Davis will complete IL.
The country through which it
traverses is developing at rapid rate
and Senator Davis considers 1t one of
The best investments he ever made.
Senator Davis owns a vast amount
OF coal aud timber land throughout
West Virginia, and not considering
1ne profits he will make from the gen.
eral public the road will prove very
advantageous 70 him. 1t is under
stood to be his intention to build up
railroad system for himself. He
proposes TO connect this latest ac-
QUESTION with his West Virginia g.
Pittsburg railroad and with the other
liues he controls. 1t now connects
at Charleston with the Kanawha &
Michigan and Chesapeake 81 Ohio
railroads, aud She right of way brings
it out close to the Baltimore & Ohio
railroad at Sutton. Senator Davis
recently sold the West Virginia Cen
trail to tbe Wabash railroad.
Four. eco years ago Messrs. Baker AL
lenou g a1o John Yeager, two young
iavesto,s and promoters OF Towanda,
na., oopght 5000 acres of timber
J ..ud on Gladys Fork in Randolph
ioppsy, for $4,000, and last week
taese senJiemen sold The same ground
10 vle 1ygar,s River Lumber Com
1s1y, o, Mill Geek, for $50 900 near
~ ,;1e times the original investment.
Besides this handsome profit, Messrs
Allenbprg and Yeager retain 800 OF
uhe 5000 aces purchased. The pro-
,eriy is Uhickly covered with fine
oIality of Limoer, which will be
worked al once by its owners. This
del is me largest ever made in Ran-
do Vi coeouy.
Mass,s Z ank and r. r. Bumg9rd
pef, OF Elkins, West Virginia, have
become une owners OF all the timber
OF t,le Fishing Hawk branch of tie
Cheat, and will begin marketing The
So me 81 odce. The price paiG was
800 per acre, and the sale amounted
10 $751; 600. The property, which is
said 10 contain over 100, 900, 900 feet
of lpuoer- formerly belonged to ex-
5eoe to. Henry G. Davis.
Riverside o. the West Virginia
Central railroad, pot far from Cum
oerland; Maryland, is to have erected
10 bef midst plant for the manu-
facuure Of POI tland and commoo
cenen,, to cost in the neigh0oraood
OF $500, 900. Work on the new plant
hes already commenced.
CO.. Hutton aud Wir5 @. Wl,d, OF
Brptonville, have recently sold 5000
acres of their property in Raodolph
coun y, Oh which, it is stated in the
Mountain, they" realized
a ia,dsome fortune"