, 1876-08-23
The Great, Grinding Anthracite
Monopoly Busted for
the Monce.
Five Hundred Thousand Tons to
Be Sold ut Auction Next
Tuesday.
Tic Quarreling Extortionists (Poor
so1la!) Approhonsiyo Of I'M
mediate Ruin,
belief tlnt tho Vampires Will Evcntunlly
Get Ffrmcr Hold on
Tie Public.

Special Dt1nhfch 10 774 TRIBUNE.
NEW YoNK, Aug. 22.--The Roaetl Of Control
of thu Associated Coal Companies met ycster-
day afternoon ut tic Con1 alll Iron Exchange
to consider the present position Of the cu'nolna
tion. Representatives Of several companies
were pfcsunt, rs follows: Thomas Dickson,
President Of tic Delaware Il Hudson Canal
Company; Samuel s!oa,,, Of The Delaware, Laek-
awanna t. Western Railroad; john Taylor
Jol,nstou President uf tin New jersey Central
Railroad; Mr.. Parrish, OF the LetfGi, & Wilkes
barre Company; Mr. 1Ioyt, Of the Pennsylvania
Company; Franklin B. tiowan, Of the philaicl-
phIa i; Rratling Railroad Company; A. rartlce,
Of tho f.chtglI Valley operators. The meeting
was llcld with closru doors, and listed about
forty minutes, ut tho cnl Of which It was
stated that the Association had been dissolved.
Members were rcttccnt na TO the proceedings,
but said that tho debate Ind hccn culm ond
without Acat. Mr.. Gowan, It Was stated, pre-
scented prcumblo rccitinE tho history u tho
combination for the past two years, tho assur-
anccs Of tho l.chigl Valley operatives that the
compact would be carried out to tho letter,
reltcrattun of this agreement after violating
pledges once, and the inability Of eucl, opcr-
atlvcs to pay tho penalty accompanying.
resolution adopted unanimously dissolved tic
association.
Following tie resolutions came tho announce
ucnt that four strong companics-the Della
ware, Laekawanna Il Western, tho Delaware
Il Hudson, the Philadelphia Il Reading,
aud the Pennsylvania Company-had agreed
to combine and sell at public auction,
Aug. 20, 50o.0 tons of coal, aud let tho other
two companies take tho consequences.
This effect Of the breaking of tho combination
had been generally discounted by leading
operators, but the street at large thought thcrp
might be n compromise, and, as consequence,
considerable stock changed hands, Delaware,
I.nckawanua u Western declined ~
and New Jersey Central ". The market alter
wards recovered, aud Delaware, Lackawanna &
Western recovered Its loss, and New Jurscy
Central reached Il
Mr.. Sloa,,, Of the Delaware, Lackawanna &
Western Company, said the Lclltgh Valley
Company WIS primarily responsible for the dis
ruption of the combination. It had cyadcd ita
obligations, ari1 wlen called upon to pay the
penalty refused usll sought to tcINportzc..
Tiuilias Dicksul1 President Of THO Delaware
4 hudson Canal Comp1ny, and Of the Board Of
Control II Associated conl Companies, said tho
bud faith or tue I.ehigh Valley Company. That
Company Ind entered Into tlu comblnn-
tim, anh had repeatedly violated its
pledge, both. In tho n,uttrf Of price and
Sir. Packer said hts Company WIS not rcsronsl-
bic, ~ II could not control tho operators who
Owned the coal.laut!s a,.a shipped over Ills rail-
roal. The Lcllgh Valley Conpany,, how
sffer' a qu5s fsH' tss ss II VA. W adSaafs sss
dccidcd to DISSOLVE the combination.
| When askctl what effect tho dissolution would
have, hu said It wnlsld have tcndcncy to bunk
would NOW bu nlloNcd 70 Tx tho price at public
| auction,