Morning Oregonian., August 20, 1907, Page 7, Image 7

THE MORNING OREGONIAN, TUESDAY, AUGUST 20, 1907.
17
nfrT "si- f
- llliU 11 Inlls Ij Mir Eliy Ole. lullr
Ostrander, wash., Aug. 14th. o7.
To Tha Poard of Directors,
Consumers Coal Co.,
Portland, Oregon.
Gentlemen:- .
After spending four weeks in making an examination of your property,
situated near Ostrander, consisting of all of Sect, 13, Township 8 IT. Ran.e 2
V. and lots 6, 7, 8 and 9 of Sect, 14 same ranee and township, and the South. J
of the Soithwest of Sect. 12 sane Kange and Township, I beg to report
as follows:
Prom the openings that already exist in 3i&.t 5 c known' as the South Can-
yon it is quite easy to determine the thickness of the seam as well as the direction
of the Dip and Strike of the vein and the rate of Dip. I find the entire seam to be
16 feet 6 inches in thickness with alternate strata of coal and sandstone with a to
tal of 10 feet of coal, all of which, however, it would he impractible to nine. The
prt of the seam that I would advise should be mined and the part that Is being
mined is a seam 6 feet 5 inches in thickness with 10 inches of 6 oft sandstone 2
feet from the roof which is easy to take out, thus allowing the top coal to he
shot down and tha bottom coal to be shot up.
The Dip of the seam is in a Southerly direction being, as far as I have
determined, almost due South, the inclination being about 15.
The Mouth of .the Slope in the South Canyon is located about on the West
lino of Sect. 13 and as the ground from this point rises rapidly to the Eastward,
and the coal laying flat in that direction, the coal gams depth very rapidly and
there is no question about the coal extending through Sect. 13 and on into the
abutting property to the East. Tho coal, dipping to the South as It does, assures
ma that there is no doubt about trie coal extending to the South line of he
property.
At the rate the coal rises to the Northward, I believe that it does not
ccane to a cropping at the surface until it reaches a point North of our North line
(: iia C tiVL Ji a
A Magnificent Investment
That there will never again be such an opportunity for invest
ment offered in the City of Portland, may be taken for a positive
fact. When we undertook to finance the Consumers Coal Com
pany, we believed it to be a first-class investment. Since then,
however, facts have piled upon facts, until we are now certain
that we have never taken part in the floating- of such a promising
and profitable stock proposition as this one has proven to be.
First, we took hold of an abandoned mine ; then, we tested the coal
in the Vancouver Brewery; following that, we tested the coal
among scores of Portland consumers.- Finally, after a severe test,
the entire output for 6 years, was sold to the Banfield-Veysey Fuel
Company. Now, better than all else, we find that we have more
coal than we had even dared to expect. And, remember this, stock
will be advanced to $17 a share next Tuesday morning. You will
never be able to buy it for less than $16. That price prevails for
the balance of this week and' next Monday.
L AST AM Y
The wonderfully startling report of Chief Engineer Myers is
as much a surprise to us as it will be to many prospective stock
purchasers in the Consumers Coal Company. When we asked
for the report submitted herewith, we were not prepared for the
good news. We have only maintained that we had 3,000,000 tons
of coal in sight. The facts, however,, make this investment fully
three times more than what we have hitherto claimed for itj
From the foregoing I assume that the whole property, with considerable of that, ad
joining la underlaid with the seam that is opened up in the South Canyon. This would
make a total of 849 acres with workable coal to the height of 5 feet 7 inches, making
a total of 6,882,843 tons, Figuring that you will be able to mine 60 of this (and
you should be able to get at least 80$) you will have 4, 129,706 tons, all' of which
-
can be taken from the openings already existing on the property.
In what Is known as the Middle Canyon there is an opening riven 175 feet
on the vein showing a total thickness Of 7 feet 4 inches with 5 feet 10 inches of
coal. From the location and difference in section of this seam, I take it that it
Is a different and. lower seam than the one on which the openings in the South Can-
yon are driven.
The second seam also crops at a point West of your West line in the bot-
torn of the Canyon known as the North Canyon which is about on the North line of
your property and as the Dip is to the Southward you can be assured that this seam
will extend to your South line, being at that point under considerable cover. The
coal in this lower aeam is equal to, if not better in quality, to that of the upper -
seam.
I have no facilities for making analysis here but presume you will have analy.
bis made of samples sent to Portland, as well as various tests.
This second seam will give you, approximately, the same amount of coal as
the upper one," thus giving you,', in round number, 8,250,000 tonB.
In addition to all of the foregoing there exists on the property one or'
more additional1 seams of coal which I have sot as yet had time to trace but which
in the future may prove to be valuable.
Respectfully submitted.
Z7
Formerly Mining EjgTneer,
Division Enginarfp Dering
Coal Co. and Consolidated
Indiana Coal Co., in charge
of Southern Indiana property,
also Div. Eng. Utah Fuel Co
We are now issuing tickets for
the free excursion for stockhol
ders and, their families. The
steamer Kellogg has been char
tered for next Sunday. Meals
will be served on board enroute.
Those who are not stockholders
may accompany this excursion
by calling at the office of the
Commonwealth Trust Company.
We require that you deposit the
amount you would invest, with
the cashier. A ticket will then
be given to you. Upon your re
turn if you do not find the in
vestment a satisfactory one, your
money will be refunded to you.
This is fair to you and fair to us,
and will enable you to investi
gate the greatest coal property
of the entire Northwest.
CONSUMERS GOAL COM
PANY
Commonwealth Trust Company
Fiscal Agents
Commonwealth Building