The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1907-02-20
Big Coal Company
Was ORGANIZED
TEN MILLION DOLLAR CORPORA.
TON WILL DO BUSINESS M
souTHERh WEST
VIRGINIA.

/. "
VIRGINIA.
CHARLESTON. Feb. 2o.-A co,
@tporatfon known as the west yirsini
Coal and Lumber Company has jus
been organized with an authorize,
capital stock Of i've million dollar.
and an authorized bonded indebted
ness Of 1--WE million dollars, making
total Of ten million dollars, for tn
purpose Of purchasing the capita
stock OF the Blue Creek Coal nm,
Land Company and financing the es
tensions Of the Kanawha and Yves
Virginia Railroad Company, the stool
of which companies are owned an,
controlled chiefly by Scranton, Pa.
capital.
The Kanawha and West virgini,
Railroad. as Is known here. now
connects with tho Kanawha ami
Michigan Railway at its terminal Ii
this city. with the Coal and Coke a
Blue Creek Station and with thu
Chesapeake and Ohio Railroad a,
Belva, on the Gauiey river.
This railroad is CT first class con
struction throughout, with stee
bridges. splendid masonry and eirh
ty-poand steel rails, aud is BUTT te
handle the heaviest trafic. 1t Is be
ing equipped as rapidly as possible
1.-The company having several loeomq
tives, passenger Coaches ana freight
cars now in use, and Is at tits Tint
receiving a consignment Of seyera,
hundred e coal cars.
The Blue Creek Coal and Land
Company owns about fifty thousand
acres of fine coal and timber land
located chiefly in Kanawha county
and along the line OF the Kanawha
and West Virginia Railroad. Their
coal is the Kanawha coal and is we'll
known for Its excellent steam quail.
ties and its advantages for domestic
purposes. A number of tipples and
a large number Of saw mills are now
in operation along the railroad and
others will be opened up as soon as
possible.
The proposed eAsens;ons Of the
Kanawha and West Virginia Rail-
road will open up thousands Of acres
of splendid coal lands covered with
virgin forests Of timber.
The proposed five million dollar
Issue OF bonds OF the new West Wiz.
ginia Coal and Lumber Company are
collateral trust bonds bearing five
per cent. interest and are secured by
a deposit with the Scranton Trust
Of Scranton, Pa, as trus.
tee of the capital stock of the Blue
Creek Coal and Land Company,
which company owns nearly all the
stock Of the Kanawha and
West Virginia Railroad company.
One million dollars of these bonds
already been subscribed for.
About two and Ione-half millions
have already ben expended OF the
property.
Among those Interested In the en-
r the following: Cyrus u.
W. F. Haiistead,, Edward S.
Jones, C. p. Davidson, John r. Por.
ter, Thomas E. Jones, William D.
Boyer. Robert c. Wills, Harry X.
Kingsbury. Char4s S. Weston.
Charles H. weIies. J. A. Linen and
Nina Robinson, all OF Scranton, Pa,
Edward F. Payne. J.. ". He1lenback,
of Wilkes Barre, Pa; Henry E.
Meeker. of New York City; J. AM
hurst wisner and Horatia .Wisner, Of
Brooklyn, N. Y; J. K. Griffith, Of
Latrobe, Pa; the Hon. w. A. Mac.
Corkle and others of this city.
The proposition Is regarded by
West Virginia authorities as one of
the best railroad, coal and timber
propositions in the tsate Of West
Virginia, and the fact that one ter.
minal of this railroad Is in this city
Is abundant proof Of the fact that
large trade interests from the newly
developed country will be brought
here, and that our merchants viii be
greatly benefited by the aided trade
from these new sections.