The Sunday telegram. [volume] (Clarksburg, W. Va.) 1914-1927, 1915-06-20
VAST trace OF THE
sS7ATES RESOURCES
70 BE DEVELOP
BY the Candy Valley Coal and
Oil Company on anew
rs Plan.

An enterprise OF great importance
TO the people OF the state has been
recently launched in Nicholas county
by the organization Of the Ganley
Valley Coal and on Company, OF
west virginia. with headquarters at
-While West Virginia is admittedly
one OF the wea1thfest states IN the
union and its yearly production OF
coal. OIL, gag and timber reaches
hundreds of millions of dollars, 1t IS
equally well known that the people
ne the state have small share IN the
proceeds OF this production
SDeye1opments are carried on almost
entirely by non-residents. who mono
poke profits, carry them elsewhere
for distribution. and leave little be
hind, beyond sums paid in wages.
LIT Is conceded that when these ex-
ploiters have completed their Work.
West Virginia viii resemble nothing
SO much as Christmas Turkey on
entirely shorn OF the wealth which
was naturally theirs without com
pensatory exchange, unless existing
conditions are soon altered.
Probably fifty per cent OF the pro-
ducfnE area OF the state Is now held
by non-residents; the residue - fast
disappearing In the same direction,
and the Ill effects Of this situation
are already being seriously felt The
~ Of renters and day 1aborers, and
no opportunity is AFFORDED citizen
land owners to fairly share IN the
true values Of their own holdings
ss This condition has long been the
Subject OF serious consideration
among our leading statesmen and
AZ is general conceded that some
acton should be taken But these
men have viewed the remedy as nee
essarily political In character, and
have as yet been unable to reach a
satisfactory agreement as to what
should be done.
It has remained for the citizens
OF Nicholas county to devise prac-
teal, feasible and equitable solution
and this they have done, entirely
apart from politics, and along re-
ganfzation Of the Gau1ey valley CoaI
and Oil Company
This company is organized On the
usual corporation lines. and proposes
that every citizen Of the state and
an others who may desire may pc
shareholders Shares are placed az
$40 each. and individual holdings are
limited to 1000 shares. Local owners
Of mineral and timber lands may
sbuy in for land. and others for cash
and no group will be permitted to
control
Iarge areas OF mineral and timber
are to be acquired, operated and deV9
eloped and the products marketed by
the company; the cash proceeoS DIS
trfbuted among the shareholders. ana
the people OF the state enabled 10
obtain. a share in the profits OF dew
elopme rent Consumers are to. be sup,
oiled direct, and be shareholders ana
all employees will be urged TO also
become directly interested.
The company is commencing ousI
ness in the Gau1ey and Elk heto.
where it has already acquired valua-
ole holdings, but it proposes IN due
course to extend its operations into
CHER sections Of the state, and pos
eabIy into other states Its possio1a-
ties are far reaching, and Well worth
careful consideration by att me
people. .
"a similar enterprise started twenty
wears ago. would have produced con
diions entirely different from those
new existing and although hair fne
mroductive area Of the state IS per
hans now gone it is not too late to
save what remains for ithe henent OF
all
The company deserves to succeed,
ana VIII undoubtedly meet With popu,
Tar approval Its plan should appear
10 every patriotic citizen who wishes
1he motto Of our state to really mean
what It says.