New-York tribune., 1902-08-10

I. '. POWDERLY,
The Well Known Labor Leader
and recently Commissioner
General of immigration.
MAKES A PERSONAL STATE
TENT REGARDING THE
BLACK DIArIOND
ANTHRACITE
COAL co.

"The property which has been purchased by
the Black Diamond Anthracite Coal Co. is
known as the Peter Starr Estate, and is located
at Brancbdale Pa. four miles from the city OF
Pottsville. in the very HEART Of the GREAT
COAL FIELDS The attention of the entire
country is centred in this particular district at
the present time This tract is immediately
surrounded by Reading and Lehigh Valley
COAL LAND and by Reading Galleries that
have been in operation for the past forty or
fifty years The amount of COAL contained
upon piece of property in this vicinity Is not
a matter of uncertainty. but of absolute fact
The formation of COAL is in a blanket vein,
and the number of tons thereon is known, TO
within comparatively few tons, just as well
as if the COAL were already mined The
Pennsylvania Geological Survey and tests by
prominent experts show that there are over
100000 TONS OF RED ASH COAL on this
tract.
Michael Grimes of Scranton. Pa, an an
thracite authority, at my request, made most
thorough investigation and fully verified all the
previous tests. His opinion that there
were considerably more than ten million tons.
'I am the President of the Company and ac-
lively engaged in the management Of its affairs
and have personally inspected the property. It
is what experienced coal miners call GILT
EDGED COAL LAND It lays just right for
economical mining, is right in the heart Of the
best COAL field IN America and cannot fail To
prove a good paying property.
.'The General Manager OF the company has
already arranged for the disposal Of the COAL
as soon as mined There will be no difficulty
whatever in getting the COAL to market. for
the reason that the Philadelphia and Reading
R. R. crosses the property. Less than one hun
dred yards Of track is required to run to the
breaker, and a large COAL selling concern in
New York will take every pound we can
produce Some years ago it would not have
been possible to arrange for the sale OF COAL
except through the large companies. Now the
case Is different, since the carrying company Is
obliged by law TO transport the COAL 20 mar
ket None of the individual COAL mining
companies N Pennsylvania experience any diff
"For years to come there Will be no further
trouble in the anthracite region, for employer
and employed will carefully guard against
repetition of the costly struggle they are now
waging.
while it is not a pleasant thing for the gen.
eraI public to contemplate it is almost certain
that the price of ANTHRACITE COAL will
exceed that paid at any period in the past, and
those who own mines or stock in mines will
reap the reward.
IN every Eastern city where anthracite was
exclusively used in the past the oppressive
smoke laden air of the past few months has
advertised the merits as we'll as the shortage
of HARD COAL as no other agency could do
"As the Black Diamond Anthracite Coal Co.
owns its property it has NO ROYALTIES TO
PAY ANY ONE. a fact that should be given
careful consideration when all Of the LARGH
COAL COMPANIES have to pay from 40 to 60
cents per ton royalty 10 the landowners.
The offering of stock is solely for the pur-
pose of securing the capital needed to develop
the properly and for other purpose. AL
ready this work is going forward at a rapid
rate, so that it IS only matter OF eight months
at the most before this Company is SHIPPING
COAL and EARNING DIVIDENDS for it's
stockholders. 1t is a known fact that a COAL
property generally pays for itself in less than
two years, this even after process Of over
capitalization which is not the case with this
Company. Dollar for dollar Is given the In
vestor, combined with an opportunity to share
in the profits to be derived from the sale OF
over 100000 TONS OF RED ASH COAL"