The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1873-08-15
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So. MI tseAwa NJ NfAtsfa, IA
istAsA hal'es llstis "a raAlt i IL
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aul ID y Il ihp ttf.nfs "A bbah 49,
tps#tA t8f an II sAhaas III rait
t'sei wv insians4 49, VT l III HtAe
~ |, 'heth To- ~ ttal ia aHHum
Ii pf,i tpinfn ~ failf III iasvs't
nseus uHA |. tefsainl, fit ah9,r ilr
a,etaae lrtfif II individuals W. have
embarked IN iise lasipps Il esal min.
J ins
II ueni r. inirrrsilns u lnHv ltoa
tnueh IL the tsuul tap lniutitsal .nil.
lion dollars representing the capital
anil ,lanl ~ The corporations composing
the great coal combination ii ~asrFcl
stock \ great deal IT II il fictitious
capital, IN anr opinion |, II matter
II history that the Healing AMI nea.
ware. l,arkawama and Western rail.
rpa'ls, AMI tue hest part II thu l.ebigh
Valley, AMI alsp tho Delaware mud
Hudson canal, were completed works
In ls,il rhcy were all bringing coal
q tllc-watcr In that year. anl the
quantity Tiny broush, was more than
half tho quantity they are bringing
now. The total anthracite production
that year exceeded ten million toms.
while ar the last twelve months II has
houn about eighteen millions With
completed roa,ls and ranal., with The
mines In their possession, and about the
same terminal facilities III lssl IL they
now enjoy these corporations certainly
did MT require double lie capital IT, ~
double tho business We should Judge
that M increase of capital Of ouc.,hird
would 10 ampl, sufficient II double the
production. ~ an instance, the capi-
ial stock and debt IL the Boston and
Albany railroad were sixteen million
dollars ~ i>bl and ,went, -onc millions
In $50. aud In tho interval the bust.
uuls moru thnn doubled, great deal d
laahlr track wa lail, anl other cx
peusise improvements were made.
! Tho dgures u tho coal corporation.
without further explanations. vii
speak fur themselves, Tho capita
J stock ~ the fur companies va have
named las benl, increased from sl3,
| Iunu, 400 III I>ut u $40, 600, ,lUD III
III, ~ considerably moro than donh.
lei. and thu debt has grown from sl1,-
100, 100 In is,ii 10 $4,000. 900 III
I~53 Taking tho stock and leb, IT,
eetI,er tho increase has been ifom
: Sbp. 400 ,OOu III It'll 10 Si33,Ooo,
uup IN lN,aa. ~ II per cont. while
the inercasa IN the production II coal
/. anl, 20 pr cent, IN mixing the
ealtulatiun W. have deducted from the
,lolt ~ tho Reading Railroad tho
b4nl. II tie srhn,kill canal. antl also
! 81. no.. nuD more. heing the amount
II il recent Investment In coal mines.
: Tie Delaware ana Hudson canal Cpn,.
l.uny has doubled its stock and deb.
SINCE ls,,t uni the Delaware. l.afka,
wanna anl Western apl Inliigi Valley
companies llase multiplied tl,o nominal
. amount II their Investment ~ three,
tho stock IT tho swo companies La,
: named having hrrn rairel from Si3.
100. 900 II Sli 900 .n0n. nnl the debt
from 81, ,,lla. uOD H. Gin. OO0. ooo. ~,
I'pars Manual IL the Railroads II I'll,
United s,ate., We .aapeei thu, III,
managers II those corporations think i
! luuLs hotter 10 distribute Among III,
shareholders ~ per cent. III tsent,
millions u nominal en,ital than - Pei
cent, IN hall tho amount
In thote rarts of the country wher'
anthracite eeal IL used, ihc enntnmp
tian il rvrhui,cd NJ one ton Il ,enr III
eaeh inhaLitant. a fault, u @is vii
hurn viz toms. and will IN, this winter
ii special INK IL frnm ki,l IL Ill. !,
nr,lur these great coal corporations mn,
III little bptier than paying onl, 10,
per rent Oh their waturrd stueka. "'lh,
!, exceptionally low price ~ Anrriri
!. '',luring tho past year, say tho man
ayers u the Reading Railroad In the
report, ',llas introduced coal In eomru
.titiun with wood into districts Whrr
! ut never Ind been sent before md !
IL we'll known that when tho arplian
!, ''ess for burning anthracite coal ar
: .once introduced. mud tho advantage
.of that full once understood, II !
, never iirpIar.I W any other W
!. arr wooded IL the glowing anthracite
!, IA ,hc Euglinhman !. wv,lied to III
j beer. 1'h. corporation. have found !
| ..l LnA. /. IA lin - rian nnrllIll