The Leon reporter. (Leon, Iowa) 1887-1930, 1908-01-16

CdGlOu Vi UHclr pIlucipdl pldc0 VI UuSl-
ness and elected the following board Of
directors:
Chas. Johnston,
Adam Scheldt,
w. d. Althouse,
Harry B. Tyson,
Joseph S. Rambo,
James Brann, all of Pennsylvania, and
G. B. Woodward,
H. Nally, of GAINESVILLE,
g. w. Barlow, of Bethany.
The directors held a meeting in
GAINESVILLE, Tuesday and elected the
following officers for the ensuing year:
Chas. Johnston, President.
Adam Scheldt, Vice President.
G. HI. Alderfer, Sec. and Treas.
w. D. Althouse, Gen. Mangr.
Irwin r. Knipe, Solicitor.
The business of the company occu-
pied the attention of the board during
the greater part of the day and ses-
sion was also held at night. Mr.. Alder
fer informs us that the work of finishing
the we'll and testing for coal will be
pushed as fast as possible and that no
expense would be spared in the prose-
cution Of the work. Messrs Brann,
Althouse and Tyson came in last week,
and Messrs Alderfer and Knipe, arrived
early Tuesday morning.
Mr.. A. B. Strause, of Fostoria, Ohio,
the contractor who has the contract for
drilling the we'll, and Messrs. ]. H. Doty
and w. G. Heltzer, of Fostoria, also
came in last week and began repairing
the derrick Monday. The carpenter
work was completed Tuesday evening
and men began the work of putting the
casing in the we'll preparatory to fur
ther drilling which, we understand, will
be continued day and night until the
secrets Of mother earth at that point
are revealed.
The contract for core drilling to test
this territory for coal has been let to
Mr.. A. G.. West, of Runnells, Iowa, who
has had his machine at Princeton for
several months putting down some
wells for that city. Mr.. West brought
his machine across from Princeton by
teams and will set up on the bottom
land of Mr.. Nathan Graham west and a
little south Of town where the first test
will be made. Mr.. West expects to be
able to begin drilling tomorrow or Sat-
urday, and it will not be long until the
land owners will know whether their
land is to become coal field or con-
tinue as in the past to grow corn and
hay for their stock.
The members of the company are very
optimistic concerning their holdings
here and the future of the town and
are predicting that the population will
be increased several times in the next
few years, and we all hope that they
are right. Mr.. Fl. B. Tyson, of the
Quaker City Shirt Mfg. Co., of Norris.
town, Pa, has asked the GAINESVILLE
Bank for an option on the Enterprise
building and land and will put in a
large factory of some kind. Mr.. Tyson's
company does large business and has
a pay roll of $4,000 per week, so it is
plain that Mr.. Tyson can bring very
important business enterprise here if
the conditions seem to warrant. He
also talks of asking for franchise to
put in a system of water works large
enough for city of 5000 or more in
habitants. We further understand that
Mr.. Althouse has asked an option on
the two business lots owned by G.. d.
Davis, but we are not informed as to
what they will be used for. OF course
all this depends upon the showing the
we'll makes when it is brought in, and
the showing made by the tests for coal.
| In case the test for coal shows up as
Expected, the question of railroad trans
portation will be solved. We have it
on good authority that in case coal in
quantities is found that the Company is
assured of all the transportation nee
1 essary as soon as needed and that a
ready market will be supplied for all
the coal they can get out. This means
Iof course that the Burlington will ex-
tend their line and possibly other lines