The Birmingham age-herald., 1911-11-12
FRANK NE[SONBUYS ABOUT 1000 ACRES .OF WALKER LANDS Gets Mines and Other Prop erty of Red Star and
 EldOradO Companies DEVELOPMENT WORK WILL BEGIN AT ONCE Understood That Lands Are Valued at Between s15O,OOO and $2OO,-
 OO0-Acts for the Bryan Coal Corporation
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 Frank Nelson, Jr.. announced yesterday that for the Bryan Coal corporation he had purchased about 1000 acres of coal lands in Walker county comprising the holdings of the Red Star and Eldorado coal companies. The holdings purchased formerly belonged to Walter Moore, Charles S. Simmons and associates.
 The price for the lands was not given by MT. Nelson, but local industrial ex perts are of the opinion that the value of the property is between $15O,OOo and s2O0,000 e sst aa -- -.. The land lies contiguous to the Bryan coal lands in Walker county, which were recently purchased and which are said to be among the most valuable coal land holdings in Alabama. % The sale yesterday includes new mine of the Red Star company recently opened up on the Southern railway. There is at this time coal tipple just completed which cost about $12.000. The deal in cludes the coal lands houses, mine equip ment, commissaries, mules, farms, tip- pies and every physical detail of the whole property.
 The coal mined from Red Star is on
 what is known as the "big seam" which Is tapped at three or four different places | by operating companies here. The expert opinions hold that the seam is of the greatest value, as it's life is estimated to be 100 years or more.
 | The lands purchased by the Bryan Coal corporation were recently inspected by the Richmond capitalists that are inter- ested with MT. Nelson in the development of the holdings first optioned and then purchased by the late Jonathan Bryan many years ago. @ President Frank Nelson, Jr who has been active in securing the valuable rights for his company. said yesterday that while he had not delayed beginning developments in Walker county on the Bryan lands, the recent sale will mark the beginning of steady developments of the Bryan holdings. He said that a mod ern washer would be constructed at Red Star and openings made on the seams that were practicable.
 The official statement of President Frank Nelson, .Jr., is as follows: Tt may be said that I have purchased the coal lands of the Red Star and FL dorado coal companies We did not buy the stock, but the physical properties of
 those companies, comprising about 1000 acres in Walker county The sale includes the newly opened mine of the company on the Southern railway lines The coal | lands are contiguous to the Bryan lands recently purchased by the Bryan Coal | corporation, of which I am president We expect immediately to take charge of the | properties and greatly improve the physi- | cal condition and increase the output of coal l do not care to give the price in | volved in the purchase. The purchase was for the Bryan Coal corporation. That | company intends to construct as quickly as possible new washer at the mine and | do such other work as is necessary. We have not delayed work in Walker county
 on the Bryan lands for any specific pur- pose. However, it may be said that the | sale of the Red Star and Eldorado prop
 critics mark the beginning of our activi- l ties in that locality
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