1907 - S.A.L. Great Coal Road

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Wed Jul 25 22:51:04 EDT 2007


Roanoke Times - July 26, 1907

S.A.L. GREAT COAL ROAD

Richmond, Va., July 25. -- Thomas Fortune Ryan and his associates
in the world of finance have on foot a plan to make the Seaboard Air
Line one of the greatest coal-carrying roads in the country by
opening up an enormous coal field in Virginia and connecting it with
the Seaboard Air Line by means of a 200-mile railway line, now being
built and known as the South and Western Railway.
The news comes with peculiar force at this time, when persistent
rumors of a receivership for the Seaboard Air Line are abroad when
the earnings of that road have fallen to so low an ebb that for the
last six months not even fixed charges have been paid by freight and
passenger traffic.
From a reliable source comes the information that 1,000,000 acres
of coal lands have been purchased by the Clinchfield Coal Company,
holding company for the syndicate, in which Messrs, Ryan, Blair, of
Blair & Co.; Norman B. Reame and George L. Carter, of Virginia, who,
nominally heads the syndicate and is President of the South and
Western Railway, planned the scheme and engineered the deal.
The road which now has its terminus in Russell county, Val, is
being pushed rapidly and will cost when completed to Marion, N.C.,
$50,000,000, where connection will be made with the Seaboard.
The South and Western will open one of the richest and most
extensive coal fields in the world, and with unlimited capital behind
the undertaking it is predicted the Seaboard Air Line will lead all
the roads of America as a coaler.
The present plan is only the beginning of the Clinchfield Company
scheme for the connection with the Seaboard Air Line, being
completed, it is the purpose of Mr. Ryan, it is said, to extend the
road north to the Great Lakes by way of the Ohio river, where it will
connect with the Detroit, Toledo and Ironton Railway.

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For more info see:
http://tennesseeencyclopedia.net/imagegallery.php?EntryID=C040

- Ron Davis, Roger Link





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