The Grangeville globe. [volume] (Grangeville, Idaho) 1907-1922, 1920-08-12
ORGANIZE COAL COMPANY
Articles Of incorporation Filed Last
Week for GrangeviIIe Coal Co.

Articles of Incorporation for the
Grangeville Coal 4 Development Co.
were filed with County Recorder
Henry Telcher, last week, and a trans
eript forwarded to the secretary of
state, and It Is. expected a charter for
the company will he received within
few days. The incorporators are:
L. Neal Frank g. Duff, J. G. Eimers,
A Doornbos, NJ. b. Geary.
After a thorough exaWfnation of
the territory on which the discovery
of coal indications were found was
made by a number of persons, among
whom were some who have years Of
experience in coal districts. the con-
clusion to incorporate was reached
by the locators.
The legal work pertaining to the In
corporation Is being handled by At
torney Wilbur l.. Campbell, and pend
ing the return Of the papers from the
secretary of state a subscription list
for the sale Of stock was drawn and
during the past week has been circu-
lated among our people. With few
exceptions nearly all to whom the pa
per was shown. signed up for some
Of the stock i'm varying amounts. While
a
is confidently believed that a suffi-
cient number OF people who are con-
vineed that there is a coal deposit
under the mountain where the discov-
cry was made, will be found In this
community to furnish sufficient money
for the development of the property.
As soon as all preliminary organ
ization work is completed the company
will nnf0r tho ras,N in.
busipesslike manner in order to dem
onstrate at the earliest possible date
the true value of the deposit If sue
cess should crown their effors and the
vein which is now known to be be-
tween II and 16 feet in thickness
prove to be Of commercial value. the
same conditions regarding investment
in the Alberta company will prevail
here. The geographical situation OF
the Grangeville property makes it al
most impossible to conjecture what
il would mean in dollars and cents to
this entire country. and this fact
makes 1t reasonably easy to interest
many persons who are willing to take
u small chance in the hope that the
showing now made will later develop
into a producing coal property.
Mr. Neal will be made general man.
ager Of the property. but no step i'm
the development win be undertaken
until the work Is laid out in a practi-
cal manner so that the funds placed
in the eompany's hands by the people
will not be wasted and the value of
the property determined In the short
est possible time
A stimulus was added to the work
OF the new company by the return of
Chas. Kunze from a trip to Alberta,
Canada, where he and his son in law.
ID. y. Kerlee, became Interested in a
coal property that is now showing up
fine. Mr.. Kunze brought a sample of
the coal taken from the vein on their
property which is now ON exhibition
at nj. b. Geary's pool hall. The con-
d1ti0ns found i'm connection with the
British Columbia property are similar
to those regarding the Grangeville
prospect
Mr.. Kunze and Mr.. Kerlee became
associated with II other gentlemen in
and near Spokane and have taken a
"A year lease on the property refer
red to- which is now thought will
prove bonanza and at the present
time no further investors can get in
on the organization The company
has 10 veins ON their 1000 acre lease.
the thickest being go feet.