The Crittenden record. [volume] (Marion, Ky.) 1904-1907, 1905-12-01
five OPENINGS At STIRGIS
West kentucky Coal Company Has
$4,000 Acres Of Fuel In Union,
Webster and CrItteRden
BALANCE OF BOND ISSUE OFFERED


issued 81, 900, 900 Of per cent bonds
and now proposes to carry out its plans
to contract for supplying coal for gas
and steam TO the Laclede Gaslight Co.,
the Union Electric Light & Power Co.
and the United Railway Co. Of st.
Louis. for which purpose il was organ
lied. These Companies, it is stated,
now consume about 100000 tons Of
coal a year, and il is estimated that a
total annual consumption Of from |, 200
900 TO /. 800. 900 tons will be reached by
them in a few years.
The mine Of the West Ken,ucky
Coal Co. are five in number, and in
ciude coal lands of about 5000 acres
in Crittenden, Webster and Union Co
unties, in the vicinity Of Sturgis, KY.
They contain five workable veins from
three TO seven feet thick, and the
quoted opinion Of James T. Gardner,
vice-prcsilent OF the Erie Coal Comp
anios. who examined them, is that
they embrace 200, 600, 900 tons Of merch-
antable coal. The mines arleady devel-
oped. il is said, are capable Of shipping
2OOO tons per day in the near future.
Water transportation will be used to
convey the coal TO St. Louis, a distance
Of 2s3 miles. and TO other points as
far as New Orleans. The company
owns and operates coal yards with
storage facilities at Paducah. Memphis,
and also operates under a lease yard
at New Orleans. II owns and operated
a fleet Of steamers and barges, which
will be enlarged as occasion may de-
mand. While the three st. Louis Cos.
named are TO take their entire Goa
supply. any surplus which they do moi
need will be sold in the market trib'
uary TO the Ohio river between the
mines and Cairo. Ill.,, and from III,
latter point to New Orleans.
A short railroad owned by the com
pany connects is western group oi
mines with a landing on the Ohio river
where Il is shipped on barges, but Goa
is also shipped from existing mines
over the Illinois Central Railroad. 1
branch Of which passes through th'
lands. Moreover, tests made in th'
laboratory of coal from four Of th'
veins shows Il TO be Of very superiol
quality, as did a gas test in by-produe
ovens. Thus the fine quality Of th'
coal for both stcam.making and gas
making was assured. The coal hai
heretofore been sold by the operating
companies through Western Kcntuck,
and Tennessee by rail transportation
and also along the Mississippi and Ohi'
rivers. finding n market in competition
with the Pittsburg coal.
The beds dip slightly TO the north
and Il is said that the eoal eontrolle'
and minablc may be easily from 90 &
| 100. 900. 600 tons more than the forego
inr estimate. The five workable mine
now existing are in two groups, one a
the west and the other at the easter
end of the property. The low cost o
the eorl ,s expected 10 rcsul, In a widI
demand for Il, which can easily be me
on account cf the favorable mininl
conditions and their freedom from un
ccrtaintics.
Messrs. Spencer rrask & Co, OF New
! York. are offering for sale balance o
the bond issue of S2,0O0,OO0, most o
which they state has been placed wit
investors. The West Kentucky Goa
Co. Is controlled by the Moth Amor
can Company. which owns its cntir
capital stock and which is also largel
interested in the three ST. Louis CON
panies that viii purchase the output
Randolph Rodman Is prcsidcn, Of III
coal company, ana from a letter WI,
ten by him, the information conecrnin
the eompany's plans and propcrtiC
were obtained. The fact that Spence
Trask a Co. are offering these secur
ties shows them 60 be eonservativ
Investment.