1907 - S.A.L. Great Coal Road

[NW Mailing List]

This would also be the same George Carter around whom the new book 
"Coalwood" is written.  Bokk includes picture of Carter, Ryan, Ream, Blair 
and others as Carterr attempts to work out financing.

"Coalwood" is available through N&W Historical Society book sales.

Alex Schust

----- Original Message ----- 
From: "NW Mailing List" <nw-mailing-list at nwhs.org>
To: "NW Mailing List" <nw-mailing-list at nwhs.org>
Sent: Friday, July 27, 2007 10:51 PM
Subject: Re: 1907 - S.A.L. Great Coal Road



> 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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