3927 Acres 100,000,000 Tons West Virginia Coal
On the Ohio River in Mason County, West Virginia.
Location:
USA, West Virginia
Commodities:
Coal, Coal Bed Methane (CBM), Graphene, Graphite, Rare Earth Elements
Price:
Sale or Lease.
NOT AVAILABLE
Summary
This property is approximately 15 miles south of future coal endusers, FRONTIERAS NORTH AMERICA a "Solid Carbon Fractionation" or FAS plant, Fidelis New Energy. Gold Coupon Bonds from 1909 of describe FOURTEEN FEET OF COAL, two seams, on the 3,927 acres in Mason County, West Virginia. 100MT above drainage + additional possible freeport bed 60MT. Indications are a probable No. 8 and No 8a coal.
The following paragraph is an EXCERPT FROM the 1909 GOLD COUPON BOND OFFERING for this property. The bond offering is mentioned here due to the description of fourteen feet of coal and location. The property has no obligation to the gold coupons. Advertisement found in Van Norden "The World Mirror" Vol 5-6 pg. 92: SOURCE: https://www.google.com/books/edition/Van_Norden/vFJZRp7SgL0C?hl=en&gbpv=1&dq=van+norden+world+mirror+glenwood+conkle&pg=PA92-IA213&printsec=frontcover
"GLENWOOD COAL & COKE COMPANY 6% GOLD COUPON BONDS, 30 year term. (Guaranteed by Sinking Fund.) Due
September 15, 1939. Denominations, $500. Price, $95 and interest. Semi-annual interest. Netting investors 6.32%. Bonded debt,
$750,000 (First Lien.) Value of property, $10,000,000. Property located in West Virginia on the OHIO RIVER, being NEAR to all
WESTERN MARKETS and 300 MILES NEARER to the SOUTHERN MARKETS than all the operating companies of the
PITTSBURG COAL DISTRICT, and AGGREGATING 3,927 ACRES OF COAL, TWO VEINS, FOURTEEN FEET IN THICKNESS.
Both interest and principal payable in Gold or Equivalent. (Circular on Request.) NO speculative bonds sold by this firm. The Carl
C. Conkle Company, Investment Bankers. Machesney Building, 223 Fourth Avenue, Suite 1300, Pittsburg, Pennsylvania."
A “Descriptive Circular” may possibly be found in Roger W. Babson's monthly periodical, “COMPOSITE CIRCULARS OF CORPORATION BOND OFFERINGS” in a 1909 issue. Glenwood Coal & Coke Company is also referenced in "BOND OFFERINGS: A DIRECTORY OF CORPORATION BONDS. Covering Statements for the Calendar Year 1909. Vol.5, 1910 Edition. By Roger W. Babson." 1,500 Gold Coupon Bond certificates were sold nationally starting in the year 1909. . The "First Mortgage" Trustee was American Bank and Trust Company of West Virginia.
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