xt70zp3vt865_84 https://nyx.uky.edu/dips/xt70zp3vt865/data/mets.xml https://nyx.uky.edu/dips/xt70zp3vt865/data/63m46.dao.xml unknown 18601954 14 Cubic Feet 31 boxes archival material 63m46 English University of Kentucky Copyright has not been assigned to the University of Kentucky.  Contact the Special Collections Research Center for information regarding rights and use of this collection. Harkins Family papers Mineral rights -- Kentucky -- Floyd County -- History. Law reports, digests, etc. -- Kentucky. Mining leases -- Kentucky -- Floyd County -- History. Practice of law -- Kentucky. Bankers -- Kentucky. Banks and banking -- Kentucky -- Prestonsburg. Coal trade -- Kentucky -- Floyd County -- History. Lawyers -- Kentucky. 1921-1942 text 1921-1942 2016 section false xt70zp3vt865_84 xt70zp3vt865 . Ejano‘an. 3k, \szg
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. Offices: Second Floor High School Building
, Members: 1927-28 OFFICE OF Officers: 1927-28
II. F. Patton THE H. I", Patton, President
[ilex‘ M. Snradlinv Alex M. Spradlin, Vice-President
3101;121:3332”; Preétonsburg Board Alox II. Sprad‘lin, Secretary
William A. Dingns “‘lllinm J. May, Treasurer
Theodore Hobson Of Education Ishnmol Triplett, Superintendent
PRESTONSBURG, KENTUCKY I
N ,1 77 ' " ‘ 9
L726? 71W1 Lyfla {/7 @9715 7’ 1M 5 /" / 7 7‘/ ..
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/ '

 Feb. 14, 1921.
near Adelle:- ' '

I have receiVed your letter and Carefully considered
the some. I regret to learn that matters are in such a state
as you indicate, and am spurpised to know that they are. I
of course learned at the office that the condition was not
as satisfactory as it could be, but believed that the same
would wok: themselves out within a short time. I, of course,
gather and cypreciste the real point that youtheve in mind

_ as to the situation, and would be most glad to do anything
that I could to help in the matter.

I have felt all along that this was a proposition that
was lyte's to all intents and purposes, and have been mast
glad to have him handle the some in such manner and along such

- linesas he thought best. There have been a few times when l
have made suggestions as to doing things that did not meet
with hiscoproval, and l have been satisfied to rely entirely
upon his ultimate decision in the matter.

It has been his idea, ayparently, to sell a small block
of stock to nuaorous persons, rather they to sell large

\ blocks to a few. of cottee it is {ntiroly satisfactory to
sell to Whenever one can, but he seems to object to the large
stockholder, upon the ground that by so doing i: would in
some manner endanger his control of the company. ”kilo l
was in St. ”1.0 via .1 "fits inici'o:’;r,xcc'.i to a man, who ".::ognt he
could interest on investor in H 3;,oct of the stock, and i
would be delighted to have them do so, but Byte BELMCd to
think they would want to impose too many conditions in con-
nection with the investment. Go Qet thit alufllt of money
at the present time I would be willing to agree in norancc,
almost, to any condition they might want to imyone,

In the properties which were ecqnigod by tht factory
they were a matter of about 5 20,ovo cf parts, iroliving
bearings, etc., and I recommended that these, or st least a
portion of the germ, be sold, so as to liquidate the press-
ing indettcdncas of the plant, tin this was not approved in
the OffiCH. upon the idea that it would take too damn time
and labor in sellin5,the smhe, and that we would later need
these same parts. While we may need them later, there is
nothing to proVent our repurchasing the Snmfi.

l have noted an advertisement in the Jincihnnti Enquir-
er of a party who offers to finance cornoretions to the ex-
tent of Q IOOUUO to one million. Cur proposition does not
quite mect the requirements stitcd, but i an vritinn to them
in an endeavor to interest them in this proposition; and am
sending a copy of the same to the office in St. Lozds.

There is nothing that I can do at this time in a pe- .
sonal way that would help the situation. Shortly after
Father’s death it became imperdtivc for me to have and at
once a large sun of money, and that at a time nnni the money
situation was the most stringent in this section of the coun-
try; and in order to get it, I had to use all the available

,3

 \

collateral of every kind that I could get hold of, including
having the other members of the family sign with me; in ad-
dition, we took up all of father's obligations by our personal
obligations, to which the same security is also collateral;
and while I have been able to arrange and curtail the some to
a substmitirzl amount, it is still so substantial that l have
not felt justified in asking; for the surrender of any col-
lateral so deposited. I would not know which way to turn to
get any substantial sum of money, 'vitho ut a mortgage won
real property, and that “to uld be disastrous for all concerned
without first I~x’-;&nguishin1; the joint obligations which we
have. 2111.; .;ccxt‘itins which .;rtr: showed to me while ct the
office, while- ‘eirley 11:14," be first class in every Way, were
not and are: not :sinh as I could use at any bank with which
I do business, as. the progerties upon “mica they are: lions
are too fall“ :.1“?;;/ for any o.‘ such banks to undertake to watch '
the sane; 1316. they rm f ~r .'1 longer time than an; of the banks
in this sr'ction "trill (115300117171 than for.

flytc— writes me 20‘,‘:¢;.r that there 11 away ;ossibility
of our selling 2 satiafsggtory 11‘) do of etc-3;.: in ti’i’c vicinity
of ‘.‘}t. Louis, yrovided we»; corp)“; V1211 the .:iluv 31:3; Laws there;
and I ‘:.:1-'1'i..:inkg by 'L'.31.‘2‘j,'£ H.511 to the humid; commissioner
to i'ol'mzrd 71m tlw neoeesqary ;p.‘:‘)7i\:w,i,lun ‘Llwztks is; the matter.

I O'ffl‘ti'ti’lly tron}; tint .som 3411.»; iii 1:.1‘i‘31': in the
imxrzedia'tc 1" Shore "17,113.51 will 133111“ 21.21, u: a. («1:1-gigs»: change in
the company, 1 to tat: 121.111sanction of :.1.; all.

Leo "Jii’lo'lj , o are,
JJ‘JH.
‘ \

 WAL ‘§,,:;§5'~S SPIRAL MACHINERY COMPANY D'mwns
WALTER s. HARKINS
. A
LY .SAniaMs GEN ERAL OFFICES gg‘é'oJDEONRKANMsARSH
JOSEPH D. HARKINS ARCADE BLDG. JOSEPH D. HARKINS .
VICE-PRESIDENT LYTLE S, ADAMS
ST. LOUIS , ’
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 ‘ W. M. TAYLOR
SHERIFF LAWRENCE Coumv
J. HTOODS
DEPUTY SHERIFF
67W) , ,
Louisa, Ky.,»éé/j; .44.??? . . ,192/.
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 . ~b
Feb. 16th, 1921
Mr. R. A. Stone,
Louisa, Ky.
Dear Dick:—

1 have your letter sf Febrtmry 15th and nave care-
fully noted the same. I be; to afivise that we own a nutter cf
abcut twenty-five hundred acres of coal and misernl on bull
Creek and we will be agreeable ta selling the same ( oil and
gas reserved) at the price of Sl(< per acre. Yith n Lease
on a small acreage, which we weuld be in petition to Pequire
we Oeuld be immediately on the Railroad and develoy the entire
praperty unde“ such particular lease. I do “at kLGW just the
thickness of thv seams an any ans of theqe particular proper-
ties, but the coal measure operated by other mines and driven
in the direction of this coal will average about 48 t0 SC
inches for tne No. 1 seam, and ab(ut 54 inches far wiper seam,
which is new so popular in tnis district. What the other seaaa
on the property will snow, I do not knew.

we have under consideratiwn the executivn of a lease
on this preperty, but frankly, I am not satia”ied that the
parties have the financial ability ta handle the propositivn.
There i3 2139 Some discusaionon the part cf my younger brotner
and myself af Handling this propositivn on our own acceunt.
However if your clients would be interested in purcnnsirg the

' same 0n the bnsis herein sutli ed, I w 11d be pleased to go
inte the mFtter with you and them more extendedly.

With be“t winhefi, I am

Very truly yaurq,
J DH : 'II‘A '

 WM. Lb'ithILL Pltllaxn‘r A. CARVER MIRRILL. meg-Pumas?" an.” L. MERRILL. ‘rIsAuquh
PEONI BARCLAY 5437
¥Aitt°fitafixu MERRILL BROTHERS & 00.. mo. ",,,, cuss
m“"°"{ iié’lkté‘fifii‘fim 253 BROADWAY 'NVESTMENT
sun-ran BARRY SECURITIES
NEW YORK
PERSONAL: February 18th, 1921.
Mr. Joe. D. Harkins,
Prestonsburg, Ky.
Dear hr. Harkins;-

On my return from Iouisville I find your favor of the 12th
and have carefully noted contents.

I have seen the Apparatus run up to the date I left, and
during the 100 hour continuous run it made seven thousand gallons
of oil, or equal to seventy gallons per ton per hour in the same
ratio, delivering 800 pounds of coke to the ton, 9 g3110is of benzol
oils, 125,000 cubic feet of 160 3.3.U.Gas and 500 gallons of 2%
ammonia.

It is expected the apparatus will do even more by the
change of the telesco ing sliding plates which slide across the
sides of the plantuiigthe%§§é¥§§-bar, new ones of which are being
supplied forithe apparatus andrgbtainins even greater results.

It was my desire to meet you with a view of discussing
the possibility of your becoming a holder in the world organization
through me, by purchasing from me 1% of the whole net income received
and diapersed from my undivided interest of 5%, which I think is the
only one available, for $10,000 cash at once. Please treat this as
confidential for the present and consider it seriously, for I can
deliver a clean bill of sale of the unencumbered 1p fir that amount
if you wish it, and you will be invited to participate in the general
meeting which will be held within sixty days, at which meeting all
parties interested, numbering approximately twenty men, will each
have the right to suggest and participate in the laying-down of a
definite policy to be followed by the w rld organization in the
development and exploitation of the Bussey Process and Apparatus.

Ever since our interview at the Hotel Wattsrson, at which
time you even thought of taking over control of the Morgan-Elliott
Corporation, I have had you in mind in this connection, but I did
not want to as premature about it, so withheld it until the present
time, now, I am sure of my ground and sure of the results from such
a connection, as I know of your interests in Kentucky and elsewhere,
and believe the connection would result to our mutual advantage.

With kindest regards and hoping to hear irom you by early
mail with arrangements for definite appointment on my next trip
to Louisville, which will be February 28th.

31.11.-L; COIdially yours,
/

 COAL MINE INSPECTION AND REPORTS
COAL PLANT CONSTRUCTION
' R. W. SHUMWAY
MINING ENGINEER
HUNTINGTON W. VA..
Feb.20?1921
Mr.Jos.D.Harkins,
Prestonsburg,Ky.
Dear Mr.Harkins;

Some time ago we had up the matter of leasing
some acreage from you and the Mayo heirs,lying some five
miles below town.

You were expecting to have a conference with
them very shortly,and would advise me then as to exactly .
what you would be able to do,but I have not as yet heard
from you regarding it.

Kindly advise me what the present status of
this acreage is at the present time,and if available for
lease,under what terms and conditions.

V‘ery truly yours//
( '51:: X, [CE f/f’f/I: yflfl/W

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