New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-01-23
Es7YkK DAILY TRIBUNE SHEET

portaton has doubled In cost These enlarged expenses
price The wages difficulty will in tipe 90 overcome.
better class Ut lab0rers 10 being intr uced from En-
gland and Nova Scotia not infected by the murderous
cannishness which makes tho irish so dangerous
These new hands are airee Coming in tempted by ex
traordinary wages IA they take hold the disorgan.
izers are gradually turned off and II mine
wise enough TO form combination among themselves.
the difficulty. once romeded, could not again occur.
But 1t Is still of so formidable character justly to
the graves apprehension Of some sangunary out
break
The year 1862 yielded greater coal product than had
then been known and that Of 1868 was also enormous.
The present one will be far heavier. Permanently as
sured to capitalists, the work Of enlargement is going
on as write. New and expensive shafts are being
sunk lateral railroads being built coalcars constructed
In fabulous numbers and multitude OF facilities ere
ated for handling and reaching market Much OF the
old injurious antagonism is done away will as ~ u
seen that there Is and profit enough for all Capt
tai is flowing into the Pennsylvania coal region from
New England and New York, harmoni0usly combining
with our own for accomplishing common object vast
sums will be expended during the Winter In getting
ready for the opening The nation has been pro-
foundy impressed by the events Of the last two years.
with the value Of the great coal deposits Of this State
The Government itself has not been inseDslbe to the
aid they have afforded 10 in overcoming the Rebellion
and these considerations have been the OF attract
ing capital to them from quarters.
1t quite possible that few years will bring about
another reaction. Ii is equally certain that capital may
be 80 proiusey invested In coal mining even now tn
cause DISASTROUS gut. Capital Is Astounding, ana
The Stock Board has been and still Is mine Of wealth
and hence il attracts capital without limit. Gold mining
the world over has commanded ample means, 30 With
boring for OIL and must il be with coal mining They
all pay and paying Is the best Of merit IL is rue that
coal mining and the Stock Board have slain their thou
sands, but every year produces new generation who
take warning from others losses. Expansion IL
everywhere the rule Immense production under this
fresh addition of capital will combine with decreasing
demand In certain quarters, TO produce glut, under
which prices viii again fell.
The termination Il the war viii find the blockading
squadron consuming but little coal Hero viii be a
large demand cut of. These chronic mis
fortunes Of the coal business. Had ii been free from
such terrible fluctuations II has constantly encOun
tered had the demand been uniform and Trustworthy III;
growth would have been regular and safe instead OF ny
fits and starts The coal Interest would have h~en
properly remuneracd the public would have been saved
from eXorbitant prices
Those now paid by consumers may continue for year
or two but not longer. The severe Winter are
having viii leave the country Will stock on hand in
the Spring. But little Will be mined during the Winter
the machinery OF the region has been long driven 10
is utmost capacity. aud needs expensive repairs. a
short supply o start with nj the opening o. navigation
will result in q short during the year IL Is known
that consumption increases annually. hence the public
eagorness H. obtain coal must keep up prices until In
creased production establishes proper equilibrium be-
tween buyer and seller. The competition now is 10 buy
then IT viii be 10 sell