The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1916-01-05
Chicago Capt.
taIists.
Buy Interest in Black Noun
tain Coal.

details, Benjamin l.. Dulauey,
head Of the Black Mountain
Coal Lands Corporation. Mon
day admitted that he had sold
u large interest IN the Black
Mountain Coaliieli, in Lee
county, Virginia, one Of the
largest measures Of fuel and
coking coal in the south.
at is true" MIR. Dulnney
said, CHAT the By-Produots
Coke Corporation has purchas-
ed an interest in the Black
Mountain Corporation, and the
new purchasers, who represent
important capital in Chicago
aud Syracuse, n. ", are TO
operate the properties on Il large
scale, not only for their western
markets, but through the port
ut Charleston, s. g., for their
eastern markets."
Mr.. Dulaney admitted that
he will retire from the presi
dency of the corporation early
in January. In this connection
he is given credit for having
been instrumental in making
Charleston public, instead of
private port for coal ship
ments, aud his services to tie
Southwest Virginia conIfields in
this respect can hardly be esti-
mated. Until this was done il
was not possible for Southern
coat operations to complete with
Eastern coal operators in reach,
ing markets by water
Mr.. Dulaney made the fight
before the Interstate Commerce
Commission that brought to
light the difficulties under
which Southwest Virginia coal
operators were placed in respect
TO reaching the mark cts of the
country and the world With
no port at Charleston for the
easy and convenient loading of
coal, the Southwest Virginia
fields were tied out of all I'M
portant markets reached by
water, AS result of the in
vcstigation, the Southern Rail
way got busy in an effort to
establish at Charleston pier
that would not be in the nature
OF IL private dock, but public
one, and open to ali shippers of
coal who care to reach out for
the eastern markets and for the
markets reached by the ocean
vessels of all countries.
This great pier is now rendy
for coal shipments, aud it opens
Il way whereby the new owners
of the Black Mountain coalfield
may ship their coal by water in
competition with the big coal
corporations of the east, who
have heretofore had the South
west Virginia coalfields in
manner sewed up.
Mr.. Dulaney, when seen, was
leaving for brief visit trip
east. From the east he will go
directly 10 his winter home in
Florida, where he expects tore
main with his family until
spring. He was in the best OF
spirits. He takes an optimistic
view of the business situation,
and seems thoroughly convinc-
ed that an era of big develop
ments awaits this section as
one of the things of the immedi.
ate future.
He is impressed that the by
products plants now bein e
established in this region, and
others soon to be established, of
themselves bespeak a new era,
In what they mean that practi
cally all natural resources are
to yield double and triple their
former value under primitive
methods of development. In
the coal and in all vegetable
matter are stored elements that
have heretofore been destroyed
as utterly useless, but some OF
which. have been found to be of
far greater value than the pro.
ducts that have been utilized.
This has been found true of
woods from which acids have
been extracted for tanning, ex-
plosives, etc. The lifeless pulp
from which these juices have
been extracted, has now been
found of value in making paper,
and may be used even more
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