Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1909-12-31
INDUSTRIAL NEWS
Items That Will Interest Many of
Our Readers.

Our Readers.
The first freight train over the Caro-.
lima, Clinchfield & Ohio Ry. has ar
rived at Spartansburg, S. c., from the
Clinchfield coal region. Passenger
service on this line has also begun.
The Guyan Valley Coal, Land and
Lumber Co., recently stated as incor.
porated with capital stock of S3O0,OO(
contemplates the development of tim
Der and coal, and has about !, 700 acres
of coal land and $500 acres of virgin
timber in Campbell county, w. Va.
A railroad which will develop coal
properties, is contem plated by the
Horse Creek Coal and Land Co., the
d. q. Courtney Go. and the Horse
Creek Mining Co The G. & o. Ry. is
said to be interested and will build a
branch from Altman, OH the Coal River
division, which will be continued by
the other corporations to a point near
Grimthsville, w. Va.
Regarding recent report that VIM.
Ohley of Charleston, o. S. Mckinney,
of Fairmont, and associates, have pur-
chased $4,000 acres of coal and timber
lands in Virginia for development, it
is stated that these interests have pur-
chased tract of coal and timber land
from the Buchanan Coal & Coke Co.
of Richmond, Va, approximating 2S,-
600. The property is located on the
headwaters of Levisa Fork, in Buch-
anan county, Va, one-third of it, which
is well timbered, being purchased in
fee, and only the mining rights being
transferred ON the remainder. An early
development of the property is con-
templated, but no definite details have
been determined.
Highland Recorder The United
States Leather Co., whose representa-
tives have had their eye on the bark
territory of Highland and Bath, and
have been more or less active since the
granting of our railroad charter, has
purchased site for steam tanEery
near Mcdowell.
Roanoke, Va.-Mr. Dennis, a former
county clerk of Buchanan county, has
has obtained options on 100000 acres
of coal land in Buchanan, Mcdowell
and Russell counties. These options
expire January II, and Mr.. Dennis is
in New York, where he is making pre-
parations to sell the entire tract at
price which is said to be in the neigh
borhood of an average of $27 per acre.
Some of the land, which was obtained
from Tazewell parties, cost $40 per
acre, but some of it was optioned at
$50 per acre, and some less than that
figure. Several TazeweIl people had
about $4,000 acres which they gave an
option on, but they would not consider
the proposition unless they were paid
81 an acre as an option price. They
received $4,000 and are to receive the
balance not later than January II.
It has been learned that the G. & o.
is making preparations to get into
Buchanan county. The plan is to come
ipto Buchanan county from the Ken
lucky side, and through that county to
a point in Wise county.
Announcement is made at Charles
ton, w. Va, by interested parties that
a railroad 20 miles long would be built
from Altman, Boane county, on the
Coal River line of the G.. & 0. up Horse
Creek to a point near Grimthsville, in
Lincoln county. The road will extend
through the Coal River basin to Mud
river and opens up abont $4,000 acres
of valuable coal and timber lands. The
companies interested are the Horse
Creek Coal and Land Co. with $4,000
acres; the Horse Creek Mining Co.,
with $4,000 acres, and the Courtney
Co. with 10000. The land lies in Boone
and Lincoln counties and in addition
to coal has about 2O0,OO0,000 feet of
merchantable lumber. The same land
is part of half million tract which
New York parties some time ago tried
to purchase at $40 an acre. All ar
rangements have been made with the
e. & o. Ry. to build a part of the pro-
posed 20 miles, while each of the three
companies will begin work at once on
building connecting lines. All sur
veys have been completed and esti-
mates on the work secured, and ac-
cording to local capitalist of Charles
ton contracts for garding will be closed
at once.