U. S. Statistics of Coal Output
VW ASHINGTON, 1D, C., Oct.:1; 1906:

The geological survey madq public to-day statistics on
the production of coal in the United States in 1905. From
these it appears that in quantity and value, the production
surpassed all previous records in this country. The output
amounted to 393,919,431 short tons, which had a value at
the mines of $376,756,963. Compared with 1904, the output
in 1905 exhibits an increase of 41,102,943 short tons, or 11.7
per cent. in quantity and of $32,385,942 or 7.3 per cent. in
value.

The total production of this country last year was nearly
50 per cent. larger than that of Great Britain, which until
1899 was the leading coal producing country of the world.
The largest part of the increased production in 1905 was
due to the great activity in the iron industry.

An interesting fact presented in the statistics of the pro-
duction of coal in the United States is that in each decade
the output has been practically doubled.

Down to Cold-blooded Facts and Figures

In the Pennsylvania and other eastern bituminous coal
regions it is a standard rule to figure 1,000 tons of coal,
exclusive of slack and waste, to every foot in thickness of
the seam. According to reports by Dr. R. W. Ells, of the
Canadian Government, who has made a thorough inspection
and investigation of the Graham Island coal field, compris-
ing the cretaceous area, embracing our ten sections on
Massett Inlet, the said area is underlaid with three blanket
veins of semi-anthracite coal appregating 32 feet in thick-
ness, which is equal to 32,000 tons of coal per acre. Our
company controls 6,400 acres, and multiplying 32,000 by
6,400, the product will be 204,800,000 tons of coal.

This would make this property worth, at the valuation
of $1.00 per ton which some companies have placed upon
their holdings, the enormous sum of 204 million 800 thou-
sand dollars.

Any man or woman who now invests, say $1,000, gets
2,000 shares of fully paid up stock, which has a par valua-
tion of $2,000. These 2,000 shares mean 62,000 tons of un-
mined coal in the ground.

We calculate to make $2.50 per ton net profit on the
Graham Island coal and at this figure 62,000 tons of coal
represents $155,000.

Our aim is to succeed and pay good dividends to our
stockholders at an early date, and 50 cents a share in
annual dividends is our goal. If a dividend of only 10
cents a share is paid the investor at 50 cents a share
will get 20 per cent. on his investment, but just as soon as
we commence to ship coal, and the production is enlarged
from year to year, to the same extent also will our net
earnings increase. Within a few years we believe that the

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