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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 13, 1926
Page
17
West Virginia has long avoided a true boom yet Boone County and Madison showcase rapid expansion driven by high quality coal. The area hosts major corporations seeking cheap coal, rising property values, and a growing population as lines of transport and industry mature.
The West Virginia Land Company reports Madison real estate is more active than ever with sales eclipsing past records. An official said last week’s bona fide sales exceeded $30,000 in a single day, signaling a strong market season ahead.
The Madison Development Company and the West Virginia Land Company announce a large improvement program for the coming year. The plan will involve extensive street grading and engineering work with substantial expenditure.
White and French traders likely first visited the Coal River area while French explorers moved through the Ohio Valley. The text traces early explorations from 1669 through the 1780s, including John Peter Salley and others reaching the Big Coal River, and notes surveys and land grants from 1784 to 1795 as Boone County began to form.
State officials announce third letting of the year on June 1 for about 30 miles of gravel surfacing on the Charleston Logan road. Boone county secures three projects totaling 25 miles with a four mile Blair to Hetzel segment in Logan county, part of a 29.8 mile gravel program. Additional contracts may follow in summer as road work expands.
Railway and local officials suggest additional contracts may be let in the summer, keeping alive the prospect that the vital Danville to Camp Creek road will be funded and built.
The Interstate Commerce Commission has authorized Chesapeake and Ohio to acquire control of the Pond Fork railroad by stock purchase. The Pond Fork line from West Junction to near Rock Lick, about 130 miles, is controlled by C Crane and Company. Under current control freight rates are high, and the takeover should bring equal rates with other C and O lines, boosting coal shipments and local business.
Bids opened June 1 at Kana Kowa county court house for state highway work estimated at 1.5 million dollars. Boone county projects include gravel surfacing on Crawdy mountain Danville road and Kanawha county Hine Drandy mountain road with single bids from George N. and C. J. Yoho of Cameron West Virginia and Sutton Construction of Ashland Kentucky. The State Road Commission will decide if these contracts are let.
Madison sits at the center of Boone County's vast coal seams and abundant timber and natural gas. Large coal, gas, and timber interests from Mellon and several coal firms purchase land here, signaling outside capital flow and rising real estate values. Madison's strategic location on highways and the C and O railroad system accelerates development with new courthouse and expanding yard facilities.
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