The Leon reporter. (Leon, Iowa) 1887-1930, 1909-04-29
WORK ON SHAFT DELAYED.
Owing to Unexpected Difficulties
the Work on GAINESVILLE Shaft
Will be Delayed For Some
Little Time.

According to information received
here the latter part of last week, the
meeting of the stockholders of the
Grand River Coal and Coke Co. held in
their Offices at Norristown, Pa, Monday
of last week, was not of the satisfactory
nature expected.
1t seems that the Norristown people
who are the wealthiest of the individ-
ual stockholders, desired to furnish the
money for the enterprise, but this plan
was objected to by other stockholders
| from some cause, and the meeting
adjourned without arranging to raise
| the capital. AS we understand it, the
only difference between the two groups
of the stockholders is simply the plan
for raising the capital necessary to
carry on the enterprise. The presump-
tion is that this difference of opinion is
not so serious as not to admit of an
early adjustment to the satisfaction of
all.
| 1t also said that some defects have
been found in the articles of incorpora-
tion of the Grand River Coal and Coke
Co. which was formed to take over the
business of the Keystone Oil. and Gas
| Co. here and these defects will have to
be corrected before the company can
proceed with the business here. Attor-
neys are now at work on the papers
which will be filed with the secretary
] of state and the incorporation effected.
We presume that when this is done,
the board of directors will have no
trouble in securing ample capital.
WAITING ON HOLE No. 6.
The company are also very anxious to
have core hole No. 6, completed so that
they may know for certainty the ex-
tent of the coal beds in the river bot
toms. This is the hole Brown & Reeves
are drilling, and while it is not eN-
pected to show anything radically diff
ferent to other holes in the bottom, it
will prove in measure the extent of
the vein and show whether the quality
is uniformly of the high grade as that
shown by other holes. The company
has instructed their representative
here to hasten the work on this hole as
fast as possible and to express them the
core with two feet of roof as soon as it
can be had.
Brown & Reeves had a streak of very
bad luck while drilling the forepart of
the week, by loosing the core barrel in
the hole aud at last accounts had not
recovered it. They lost it day or two
before but got it out. This and other
accidents have hiadered the progress
of the work and are very annoying tc
all concerned. Unless they recover the
core barrel they can not finish the hole
and will lose the work they have put
on it.
MINERS SEEKING WORK.
Tuesday night |. H. Weaver and F. S
kautz arrived from Johnstown, Pa
They said the company had been fgur
ing with Johnstown people on sinking
shaft here and that it was understood
there that work would begin from tn
1st to the 18th of April. They sail
they had been working on shaft con
struction in Pennsylvania and had com
to CainsvilIe looking for work. TIL
. boys seemed to know all about th
matter, the size of the shaft, the kin
s of machinery, power and ETC., and sal
the plant would be larger and bette
equipped than any in Pennsylvania. He
y air, you say? We don't know, but
II doesn't look reasonable to us that the
would come from Pennsylvania to Gains
v vile for fun. They went to Centervill
n yesterday, where they expect to fin
4 employment until work on the sha
begins.-Cainsville News.