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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - August 30, 1906, Lethbridge, Alberta HON. G. H. V. BULYEA. President G. F. STEPHtNS, Manufacturer, Winnipeg C. J. N. PADLEY, Lethbridge DR. C. W. CLARKE, Vice-President, Winnipeg THOMAS UNDERWOOD, Contractor, Calgary, Directors E. E. REYNOLDS, Mine Superintendent, L. M. JOHNSTONE, Barrister. Lethbridge, Solicitor, UNION BANK OF CANADA, Bankers III \ The property owned by the company is 5,182 acres in extent. It is situated on north side of the Belly river about six miles from Lethbridge, in Township 10, Range 21, west of 4th Meridian, and consists of part of sections 5, 6, 7 and 8, west half of 16, sections 17,18,19 and 20 and west half of 21. Mr. F. B. Smith, B. Sc., M. E., estimates the quantity of coal with an approximate thickness of 4 ft., 2 in., owned by the Company, at 33,000,000 Tons. Mr. E. E. Reynolds, Mine Inspector, places the quantity at 40,000,000 Tons, and the average thickness of the seam at 5 feet. The cost of mining is about $1.60 per ton, and the average market price is $2.60, leaving a clear profit of $1.00 per ton. The Canadian Pacific RailwaV are changing their line from Macleod to Lethbridge, as they intend to build a High-Level Bridge at Lethbridge. will bring the Company's Property within miles of the railroad. The Company intend to build this four miles themselves, and put on a locomotive and operate the same so as to save the switching charges in the future. One-quarter Cash, the remaining Three-quarters payable in 3, 6 and 9 months respectively ential ts Payments Spread Over Two Years. Special Terms to Business Men intending to build within a year ;