The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1913-10-27
r1oJEcTs unDEl WAY rNvoLvIHo
APPkoxrHArELY $4,000 900.
Syndicate Formed. Holding Options on
$4,000 Acres of Land with Annual
Output OF 100000 TonA

In the current issue OF the Manufar-
turers Record ~ il reported that English
capitalists have completed arrangements
for the purchase OF extensive coal lands
and mining properties in the New River
district OF West Virginia. The deal Is
reported as approNimating $50. oOO 900.
Peter d. Millory. Of London. heads the
English syndicate. and Sir Frank crisp.
also OF London Is its general solicitor.
This purchase Il reported as including
the New River Consolidated Coal * Coke
Co. the New River Galleries Co. the
New River Coal Co, the New River Com
pany. the Nuttall estate. the Mckell
estate. the Guggenheim interests. etc.
all involving about $4,000 acres OF land
and 80 coileries with an annual output
of between 5000. 600 and 10. 0Uu. 900 tons
OF coal. Al present these properties have
an output OF about A.OOo,OOO tons. and q
= proposed to gradually Increase TO the
maximum for shipping 10 the terminals
OF the Baltimore q Ohio. the Chesapeake
y Ohio ana the Virginia railway. mainly
Tor export and bunNcr TRADE. Probably
three-fourthS Of tine output will be need
ed 70 meet this market. The lands are
said TO include the Sewcll. the Beckley
and the D. ire creek seams. The deposits
are estimated to approximate nearly
} .oOO. 100000 tons OF coal This big sale
mas been IN progress OF negotiation since
May. 1912, when T.. T. ". Mayo. OF
Richmond. and Hugh T.. Kirby. OF Har-
psrs Ferry. held "a conference which re-
suited in plans Tor the prOT osition. The
" est virginia syndicate was organized
To obtain control of the properties ana
then transfer them TO the English pur-
CnaSers. ami ~ h now expected that all
details will be completed by January Tor
organizing a new corporation TO hold ana
develop the West Virginia lands. mines.
etc. Nm y Page to he actively identi-
fled with its management.
The Organization
The West Virginia syndicate Is I'M
derstood 20 be composed OF the follow
ing. William Nelson Page, AnSted W
Va. president. Morgan Davis. Jr.. Scran-
ton. Pa. chairman. Wentworth Tucker.
New York. secretary. Morgan r. Mills.
Richmond, Va, treasurer. George Dot
hlu Pennitn9n. Baltimore. and Judge W.
VI. Alden. New York. general counsel.
and Hugh l.. Kirby, Harpers Ferry. ".
Last spring. when u. A. Thomas. the
widely known coal operator OF Males
made a tour Of the principal coal fields
% this country. II was generally report
ed that he was studying these felds with
"A view Co organize large company
10 operate and develop such coal prop
critics as he felt would III in with the
quality OF coal he handled from his
Welsh delis.
liahly informed that the representative
of Mr.. Thomas iu this country have Sc
cured options ou thirty-odd mines. pro-
ducinE annually about $500. 600 tons. and
land. These properties. II r. stated. lie
IN both the New River and Pocahontas
coal fields Of West Virginia.
Company in Operation.
W. Va. is one II the companies which
has been formed. and is now Ia opera
tion. and 10 is said that the main con-
sohdation viii likely carry this same
- is further stated that several paw
merts have already been made on e
number Of these options. and that the
purchase OF other desirable properties