Wednesday, December 8, 2010

August, 1916

Mr. R. A. DAVIS, Clerk and Master of the Chancery Court went over to Petros Saturday and sold the property of the Petros Coal & Mining Co. under a decree issued by the court.The property brought $5000 and was purchased by James E. RHODES, trustee.One fifth of the purchase price was paid into court at the close of the sale.This is a new mine with fine steam coal.

The Fodder Stack and Coal Company was organized at Petros Monday for the  purpose of taking over the property of the Petros Coal Mining Company, purchased bat  the Court sale last week by J.E. RHODES, Trustee. The company was organized with J.E. RHODES President, and general manager,J.M. DAVIS vice president, Frank SCHUBERT treasurer and C.H. DAVIS secretary. The mine will be operated under the management of J.E. RHODES with A.W.EVANS as mine supt. This is practically a new mine and some fine rich veins have been opened.The present output is seven cars per day which will be materially increased in the near future.

No comments:

Post a Comment