N&W in 1903 -- New Road
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Sun Jan 6 22:27:14 EST 2008
DETROIT SOUTHERN IN TOMS CREEK REGION
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Capital Stock Increased so That Line Can be Constructed.
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Rich Veins of Coal In That Section Attractive to Capitalists and Fuel Consumers.
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Advices from New York report that the Detroit Southern Railroad Company has decided to increase its capital stock from $17,000,000 to $26,000,000, the increase consisting of $3,500,000 stock and $5,500,000 of common stock [?? all amounts blurred; best estimates shown]. In connection with this increase comes the statement that it is proposed to construct several extensions to coal mines and to build other branches.
This, it is understood, is the preliminary step to building an extension down into the Tom's Creek coal region of Virginia. President Samuel Hunt, of the Detroit Southern, and F. J. Lisman [?? blurred, best estimate], vice-president of that company, made a trip last week down into the Tom's Creek region and inspected the mines of the Crane's Nest coal and Coke company with George Blakistone, president of the Union Trust Company; Seymour Mandlebaum, Nelson Perin and Miles White, of Baltimore. They found the five mines in full operation, with an annual output of 700,000 tons of coal. Electric railways are employed for hauling coal out of the mines, which are connected with the Norfolk and Western Railway by a short route spur track. Besides the gentlemen above named, there were in the party which visited the mines Geo. L. Carter of The South and Western Railway, Bristol, VA.; Otto Bernard, president of the Continental Trust Company, of New York; Rudolph Kleybolt of Cincinnati and others.
As reported sometime ago, the plan is for the Detroit Southern to build southward from Ironton, Ohio, through the eastern portion of Kentucky, where incorporations have already been made, and across into Wise county, Virginia, to Tom's Creek. The South and Western Railway, which now runs from Johnson City, Tenn., to Spruce Pine, N. C., is also to be extended farther eastward to Morgantown, N. C., where it would reach the Southern Railway, and possibly to Lincolnton, on the Seaboard.
Bluefield Daily Telegraph
May 31, 1903
[The Detroit Southern became the Detroit Toledo & Ironton Railroad, but never went south of Ironton on the north bank of the Ohio river. Tom's Creek is/was at the end of a 2.49 mile branch from Coeburn on the N&W's Clinch Valley line. The eastbound Clinch Valley passenger train used to back up from Coeburn to Tom's Creek on its way from Norton to Bluefield. The South and Western became the Clinchfield Railroad.]
Gordon Hamilton
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