Cannelton, Perry County, Ind., At the Intersection of the Eastern Margin of the Illinois Coal Basin, By the Ohio River; Its Natural Advantages As a Site for Manufacturing
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VALUE OF COAL LAUDS.
We may approximate 'he value of the Cannelton coal beds by the answers of Mr. Geo. Ledlie, of Pittsburg, to queries made by me in 1847.
L What is the prije per bushel for mining coal in the vicinity of Pittsbu'' 88 and on the banks of the Monongahela? Ans. — 1^ to 2 cents per bushel.
2. What rent is paid by lessee of coal lands? Ans. — ^ to ^ cent per bushelf and when fixtures are found, i to | cent.
3. What is the present value of these lands, and what increase of value in... 10 years? Ans. — $400 per acre on the Monongahela between Locks 1 and 2 150 " " " " " 2 and 3 50 " " " " " 3 and 4 and the appreciation since 1837 about 100 per cent.
4. What is the average price of coal at Pittsburg, and what delivered on coal boats at the bank? Ans. — 4^ to 5 cents at Pittsburg, and 3| to 4 cents at the mouth of the mine.
5. What is the average thickness of the coal strata on the Monongahela?
Ans. — From Lock No 4 down 4^ feet working coal.
The coal lands in the immediate vicinity of Pittsburg are chiefly owned by manufacturers in the city and a very high value is attached to them.
What to read after Cannelton, Perry County, Ind., At the Intersection of the Eastern Margin of the Illinois Coal Basin, By the Ohio River; Its Natural Advantages As a Site for Manufacturing?
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To quickly assess the difficulty of the text, read a short excerpt:
VALUE OF COAL LAUDS.
We may approximate 'he value of the Cannelton coal beds by the answers of Mr. Geo. Ledlie, of Pittsburg, to queries made by me in 1847.
L What is the prije per bushel for mining coal in the vicinity of Pittsbu'' 88 and on the banks of the Monongahela? Ans. — 1^ to 2 cents per bushel.
2. What rent is paid by lessee of coal lands? Ans. — ^ to ^ cent per bushelf and when fixtures are found, i to | cent.
3. What is the present value of these lands, and what increase of value in... 10 years? Ans. — $400 per acre on the Monongahela between Locks 1 and 2 150 " " " " " 2 and 3 50 " " " " " 3 and 4 and the appreciation since 1837 about 100 per cent.
4. What is the average price of coal at Pittsburg, and what delivered on coal boats at the bank? Ans. — 4^ to 5 cents at Pittsburg, and 3| to 4 cents at the mouth of the mine.
5. What is the average thickness of the coal strata on the Monongahela?
Ans. — From Lock No 4 down 4^ feet working coal.
The coal lands in the immediate vicinity of Pittsburg are chiefly owned by manufacturers in the city and a very high value is attached to them.
What to read after Cannelton, Perry County, Ind., At the Intersection of the Eastern Margin of the Illinois Coal Basin, By the Ohio River; Its Natural Advantages As a Site for Manufacturing?
You can find similar books in the "Read Also" column, or choose other free books by Smith, Hamilton to read onlineMoreLess
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