Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1902-12-23
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 Stakeholder news Of indus
trial Activity over the Common.
wealth.
Senator Davis yesterday acquired
ownership of the Charleston, Glen
DENIM & Sutton railroad. The deal
was closed at the Farmers Deposit
National Bank, Pittsburg, Arthur
Lee and George e. Price representing
Senator Davis and L. II. Given the
owners of the road The road is
capitalized at SO, 900, 900 and bonded
for the same sum, and further tnan
that the buyer took over the entire
capital stock and the whole issue OF
bonds, the consideration involved
could not be learned.
tt is a single track railroad and
does large passenger franc as wei
as freight business. The original
stretch of track was constructed Ia
1890. and it was but 90 miles long in
1894 when the company which passed
title yesterday acquired 1t. during
the past year Is additional miles
were constructed, making the line 65
miles long. from Charleston to Glen
DENIM, up the Elk river, through
rich coal aud timber region. 1t still
REQUIRED 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 IT,
The country through which u
traverses is developing at rapid rate
and Senator Davis considers it one of
the best investments he ever MADE.
Senator Davis owns vast amount
of coal and timber land throughout
West Virginia, and not considering
the profits he will make from the gen.
eralipublic the road will prove very
advantageous to him. 1t is under
stood to be his intention TO build up
a railroad system for himself. lie
proposes to connect this latest ac-
onisition with his West Virginia u
Pittsburg railroad and with the other
lines he controls. 1t now connects
AT. Charleston with the Kanawha q
Michigan and Chesapeake q ONO
railroads, and the right of way brings
ii out close to the Baltimore q ONO
railroad at Sutton. Senator DAVIS
recently sold the West Virginia Cen
trail to the Wabash railroad.
Fourteen years ago Messrs. Baker Al
lenburg and John Yeager, two young
investors and promoters OF IoWanda,
Pa, bought 5000 acres OF timber
land on Gladys Fork 10 Randolph
county, for $4,000, and last week
these gentlemen sold the same grouno
to the Tygarts River Lumber COM
many, of Mill Creek, for $50 900 near
" nine times the original investment.
Besides this handsome profit, Messrs
Allenburg and Yeager retain 800 OF
the 1000 acres purchased The pro-
perty is thickly covered with a nne
quality of timber, which VIII De
worked at once by it's owners. rms
deal is the largest ever madeein Ran
dolph county.
Messrs. Frank and r. r. Bumgard-
ner.. of Elkins, West Virginia, have
become the owners of all the timber
of the Fishing Hawk branch OF the
Cheat, and will begin marketing the
same at once. The price PAID was
$40 per acre, and the sale amounted
to $751; 500. The property, winch is
said to contain over 100, 900, 600 feet
of lumber, formerly belonged to ex-
Senator Henry G. Davis.
Riverside, on the West Virginia
Central railroad, not far from cum
berland, Maryland, is to have erected
in her midst a plant for the manu-
facture of Portland and common
cement, to cost in the neighoorhood
of $500, 900. Work on the new plant
has already commenced.
Col. Hutton and Writ G. Ward, OF
Huttonville, have recently sold 5,Ooe
acres of their property in Randolph
county, on which, it is stated In the
ElkinsInter- Mountain, they" realized
a handsome fortune"