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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Aug. 20, 1907)
THE OREGON DAILY JOURNAL'. PORTLAND, TUESDAY EVENING. AUGUST 20, 1C07. i x s 7 II I . - m v - i J ' I I I i. . , I y x . A r . i ,v f 1 f a - i ' i i t i x -1 r - fi . I r 1 1 I i v '-' . s. m.a: J. nt ' I I I I V I I I f I I I I I I I ' I I 1 1 I I I I I 1 I I 1 I I I I I I I I I I I 11 1 t! fit ii . m wmm w hi rui as an mm am -r t mm .j. ' i ' it a b ldaaa-B b m.r -ihmm smbbs m . m mm m v... v UUVJ U UUU U' ,U U V U I J U U U U L J W u to Tha Poar4 of Directory Portlend, Orocon. , , U Mb - In U i rb) U l i S ill SO .X rn) n Mn v o uvv n i l an r- " i Coat lenient After ependjnc four moekB-In'maJclziff An examination of your property. situated noar Osirander, consisting of aU of Sect. 13. Township 0 H. Ranee 2 V, and lots 6, 7, 8 and 9 of Sect. 14 tap ranee and totsnshlp, and the Bouth J of the Sotthwest of Sect. 12 sane Bange and Township, X fceg to report as followst prom the openings that already exist In ffifct 5 c Known as the South Can yon i Is quite easy to determine the thickness of the seam es well as the dlrectlor of the Dipand Strike of the rein and the rate of Dip. I find the entire sean to he 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, howerer. It would he Irapractlble to nine. The part of -the seao that I would advise should be mined and the part that Is being mined is a sean 6 feet 5 Inches In thickness with 10 Inches of soft sandstone 2 feet from the roof which Is easy to take out, thus allowing the top coal to be shot down and the bottom coal to be shot up. The Pip of the seam Is In a Southerly direction being, as far as I nave determined, almost due South, the Inclination being about 15$. The Mouth of the Slope in the South Canyon Is located about on the West lino of Sect. 13 and as the ground from this point rises, rapidly to the Eastward, and the coai laying fiat In that direction, the coal-gains depth rery rapidly and there is no question about the coal extending through Seot. 13 and on Into the abutting property to h$ East. The ooal, aipplng to the South as It does, assures ma that there is no doubt about the coal extending to the South line of the property. s At the rate the coal rises to the Northward, I be Here that it does not cane to a cropping at the surface until it reaches a point North of our North line The wonderfully startling report of Chief Engineer Myers is as much a surprise fo us as it will be to many prospective stock purchasers in the Consumers Coal Com pany. When we asked for the report submitted here with, 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 it xA. Magnificent Investment That there will never again be such an opportunity for investment offered in the city of Portland may be taken for a positive fact. When we undertook to finance the Consumers Coal Company wc 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 proposi tion 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 six years was sold to the Ban field-Veyscy Fuel Company. Now, bet ter than all else, we find that we have more coal than we had even dared to ex pect? And, remember this, stock will be advanced to $17.00 a share next Tues day morning. You will never be able tovbuy it for less than $16.00. That price 1 prevails for the balance of this week and next Monday. Prom the foregoing I assmae that the whole, property, with considerable of that ad joining is 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 60JB 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 la an opening driven 175 feet on the vein showing a total thickness of 7 feet 4 inches with 5 feet 10 Inches of coal. Prom the location and difference in section ol this seam, I take it that it is a different and lower seam than the one on which the openings In the South Canyon-are driven. NThe second seam also crops at a point west of your West line in the bot tom 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 thai point under considerable cover. The ooal in this lower seam Is equal to, if not better in quality, to that Ut the upper, earn. ( 1 I have no facilities for making analysis here but presume you will have analy sis 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 tons. In addition to all of the foregoing, there exists on the property one, or more additional seams of coal which I have not as yet had time to trace but which In the future may prove to be valuable. Bespectfully eubmitted, 6 Formerly Mining Engineer. Division Enginaev Bering . Coal Co and Consolidated Indiana Coal Co., in charge of Southern Indiana property, also Div. Eng. Utah-Fuel Co a M SA rvn We, are now issuing tickets for' the free excursion for stockhold ers and their families. The steamer Kellogg has been char tered for next Sunday. Meals will be served on board en route. Those who are not stockholders may accompany this excursion by calling at the office of the Com monwealth 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 return, if you do not find theinvestment ma at, a satisfactory one, your money will be refunded to you. This is fair to you and fair to us and will . enable you to investigate the greatest coal property of the en- 'i tire northwest. situ . - -k " , - ' - u ' , .... ' ( '"',, IDA ; ; Commonwealth , Trust Compaay ; : Fiscal Agents . Commonwealth Builir. ': 1