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.


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