The Republican. [volume] (Oakland, Md.) 1877-current, 1910-02-10
GREAT THINGS ARE
BEING PLANNED
The Business of OptiOning Coal Land
Is Booming.
A correspondent writes thus to

the Confluence pa News:
The optioning of coal lands
through this vicinity has been
steadily going on and now it may
be said the work is about COM
2leted. The financial interests
rfo3ack of this big merger is Clark
son & Co.. bankers, of New York
city. They have agreed to un-
derwrite and take over the whole
issue of bonds covering the pur-
chase of over 100, 900 acres of coal
lands and coal properties between
here and Kendall, Md. This will
include the Huff Co.'S mines,
holdings and railroads, and the
Kutz estate and its holdings and
options; all the mineral rights and
mines on til e Whites Creek
branch of A. w, Cook & Co., the
Listonburg Coal Co., Elk Lick
Coal Co., the Somerset Fuel Co.,
and the Smith Movers & Co.
mines at Anspach,
1t is the intention to build a
large dam on the Yough above
Kendall sufficient to generate a
water power of $50, 900 horse
power and to transmit electric
power from there over a radius of
fifty miles for manufacturing in
dustries OF all kinds, borough
lighting and heating, street car
service, ETC., and as the company
would use this electric power in
the operation of their mines and
roads they would be in a position
to furnish this service to consum-
ers at low price and at a hand
some profit to the company: The
mines taken over by the combine
are to be enlarged and other con-
teinplated improvements as ar
ranged are to be installed immedi-
ately and these orders are being
carried out under the directions of
the New York Co.
The Ursina & North Fork r. R.
Is to be extended in a nOrtherly
direction into Somerset county,
opening up a virgin territory hith-
erto untapped and will also be ex-
tended southerly with a branch up
the Whites Greek so as to have a
connection with the proposed new
line of the Western Maryland
road The said branch is to be
extended on up the Yough valley
so as to tap the coal fields which
are being taken over by the new
company. The connection with
the B. & O. and the Western
Maryland extension will place the
new company in a very advan-
tageous position as they will have
their own engines and crews to
take care of their own business on
their own lines and will not be
dependent in this respect on the
B. & O. or the Western MARYLAND
The motive power which will most
likely be used is the electric third
rail system. The several mines
now in the combine are to be en-
larged to their fullest capacity SO
as to release a large tonnage i'm
mediately and other mines are to
be opened up as quickly as the en-
gineers may consider feasible.
The name of the company has
not been settled on yet, but the
Incorporating papers are being
prepared under the laws of the
State of Delaware and will proba-
bly, be known a the West Penn
sylvania, Maryland Railroad and
Coal Co. 1t is reported that the
average price to be paid for the
land taken over is SIS per acre.
The main office of the company
will be at No. I Broadway, New
York, and the vice president, gen
eral manager and superintendent
will be located in Confluence,
where suitable Office buildings will
be erected for their accommoda-
ton. 1t is reported that all the
arrangements pertaining to the
taking over of all the properties
now held on option, and some yet
to be optioned, will all be closed
up by April Ist.
Clarkson & Co., the underwrit-