The Birmingham age-herald., 1924-03-03
Deep Water Company To :, Start Engineers And
 Surveyors
5OO,0O0 ACRES COAL
 LANDS PURCHASED
Musgrove And Associates Go To Jasper In Connection With
 Preliminary Work
TO USE WARRIOR RIVER
 IN HANDLING EXPORTS
With S15,000,0OO Invested, Off, ficials Claim It One Of The
 States Biggest Industries

A score of engineers, surveyors and industrial experts will take the field this week to push plans for an early start of actual operations of the Deep Water Coal company, the $15,0O0,0O0 corporation whose organization follow ed the purchase of 50O,OO0 acres of coal lands in Jefferson, Walker, Cal houn and Winston counties by l.. B. Musgrove of Jasper and group of ns- tionally known capitalist headed by e. A. Meade, formerly vice president of the DuPOnt Powder company.
 This was announced Sunday by MT. Musgrove, chairman of the board of directors and first vice president, be- fore he and MT. Meade, together with other directors and officers, left for Jasper to establish headquarters in the new building just erected by Mr. Mus grove.
 Before the eastern capitalists return to their homes all details in connection with plans of the corporation to pur- chase outright and take over various coal and iron operations in the Bir- mingham district will be worked out, it was announced.
 Orders From South America
 "Alread," said Mir. Musgrove, i've have orders for millions of tons of coal year from concerns in South America. In addition, we will ship extensively to France, England and many other foreign countries. In fact, foreign trade is to be our speciality, and it is true that a number of foreign capital ists are connected with the organiza- ton"
 While Mir. Musgrove would not set the definite date on which actual op- erations will begin. he expressed belief that it would be within the next few weeks.
 Equipment has been ordered and I will begin arriving quickly" he said, and hundreds of men will be put to work right away so that the opening of operations may be expedited1 z q i Tho new corpora ssina. ben can iseS T with The VarIous other operations that have been purchased, will make an ir- idustrial organization second in size only to the Tennessee Coal, Iron and Haii. road company, MT. Musgrove declared. He has invested several million dol. lars of his own money in the enterprise, he added.
 Pratt Consolidated Plans .
 Pratt Consolidated is one of the in. dustries with which Musgrove said the new corporation had been conducting negotiations with favorable prospecta for amalgamation.
 Much of the acreage purchased for the company is undeveloped land, but it will not be allowed to remain long in that state, the Jasper man stated. Sey- eral towns will spring up almost over night after the operations are fairly launched, he added.
 Workmen will so to Dauphin Island. of Mobile, immediately and establish coal tipples and other shipping equip- ment. Musgrove said. The products of the corporation will be shipped to the port over the Warrior river, he an- nounced.
 "The river will be used extensively,'s ,'s he said. and the necessary transpor- tation facilities will be arranged at once. Although I said Saturday night in making announcement of our or ganization that the investment inYoIv- ed was $15,O00,000, I expect the amount will eventually go far in excess of that figure. We have unlimited funds be- hind us and are planning to carry on our operations on the most extensive scale of any company that has yet en- tered the Birmingham district"