EXCERPT FROM 1909 GOLD BOND OFFERING: "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 on the OHIO RIVER in WEST VIRGINIA, 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. (Circular on Request.) The Carl C. Conkle Company, Investment Bankers. Machesney Building, 223 Fourth Avenue, Suite 1300, Pittsburg, Pennsylvania." (Source: Van Norden, “The World Mirror” Vol.5-6, 1909 Page 337.https://www.google.com/books/edition/Van_Norden/vFJZRp7SgL0C?hl=en&gbpv=1&dq=glenwood+coal+and+coke+carl+c+conkle&pg=PA92-IA213&printsec=frontcover¬)
A “Descriptive Circular” for the gold bonds 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." The gold notes bear no obligation, are obsolete, and inactive since 1932.
Located 12 miles south of the planned Mountaineer Giga System AI Monarch Cloud Compute, Fidelis New Energy, and Babcock & Wilcox BrightLoop facilities in North Point Pleasant, West Virginia. Situated along the Ohio River in Mason County, West Virginia, near the town of Glenwood, this rural and sparsely populated property is accessible by state and county roads. It is bordered by a CSX Class 1 freight rail line and lies within Qualified Opportunity Zone No. 54053955102, with ZIP code 25520.
Aggregating 3,927 contiguous acres approx. 6 1/2 sq mi. Southern Mason County, West Virginia around the town of Glenwood, West Virginia.
Relevant coal seams are believed to be above drainage
In 1904, while drilling for oil half a mile from Glenwood, West Virginia, a driller struck coal over a continuous 12-foot seam, sparking interest in the property. (Coal and Trade Journal, Vol. 35, Vol. 43, p. 891, 1904).
In 1907, Pennsylvania and West Virginia investors formed the Glenwood Coal and Coke Company in Mason County, West Virginia, with a capital stock of $100,000. Led by seasoned mining capitalists, the company—occasionally misnamed the "Glenwood Coal & Oil Company" in trade publications—focused its operations near Glenwood. It acquired a contiguous 3,927-acre block of coal rights, targeting two seams with a combined thickness of 14 feet. Over several years, significant capital was invested in prospecting, mapping, securing coal rights, and issuing gold coupon bonds. The company dissolved in 1932, and the property was sold to the State of West Virginia at the peak of the Great Depression, with scientific reports, diamond core samples, and other records presumed lost.
Renowned West Virginia State Geologist Dr. Israel C. White documented commercially significant Monongahela Series coal deposits at Glenwood in 1904, 1906, 1908, and 1921. His findings, including the "Map of West Virginia Showing Coal, Oil, Gas, and Limestone Areas," were published by the West Virginia Geological Survey (Source: https://dp.la/primary-source-sets/when-miners-strike-west-virginia-coal-mining-and-labor-history/sources/973).
The property was later acquired from coal company heirs who held it for decades, inheriting it from their father, a prominent operator of coal mines across two states. He purchased the Glenwood coal lands from the State of West Virginia in 1949 but, preoccupied with other mining ventures, conducted no development beyond confirming its location. past owners, unaware of the historical records or gold bonds, made no efforts to promote or develop the property over six decades. Recent discoveries of century-old records, hidden since the Great Depression, reveal this property as a lost, forgotten treasure ripe for rediscovery.
Undivided 100% coal only interest. Pittsburg coal seams at least 100' above drainage in Southern Mason County, West Virginia
Glenwood Coal & Coke Company, LLC of West Virginia
