1907 - S.A.L. Great Coal Road

[NW Mailing List]

For what it's worth this is the same George Carter of  Hillsville, VA - 
founder of Carter Coal/Coalwood, WVA.

Ed Painter - Narrows, VA - Currently Russellville, AR


----- Original Message ----- 
From: "NW Mailing List" <nw-mailing-list at nwhs.org>
To: <nw-mailing-list at nwhs.org>
Sent: Wednesday, July 25, 2007 9:51 PM
Subject: 1907 - S.A.L. Great Coal Road



> 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.

>

> -----------------------------------

>

> For more info see:

> http://tennesseeencyclopedia.net/imagegallery.php?EntryID=C040

>

> - Ron Davis, Roger Link

>

>

>

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