The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-07-02
THE GREATC0RNERINC COAL
TOM SCOTS EYES FIXED ON rHs
ANTHRACITE FIELDg


How the selfish and Suicidal Policy Of the
Coal Darons Must Resuit-The Pennsvi.
vania Central Rendv and Waiting 10 swat
low them All-The " bread or Blood" CRY,
PoTTsvIILE, Pa, June 20. The great
coal combination has run upon dangerous
snas, end the managers are looking snxious,y 10
many directions for a big wave to float IL Of
again. This event was foreshadowed In I'M
Sun some time ago. but scarcely anybody be-
lieved that the crisis would come so soon
While the managers have succeeded In havins
their own way In the coal trade, they are power
less to control the bard times and the genera
financial depre ssion. This ~ shown by the tone
OF the circulars Issued by the managers OF the
Central Railroad OF New jersey, whose troubles
originate from the loan OF It's credit to the L.
high and wilkesbarre Coal Company. which wa
started as rival to the Philadelphia and Head.
Ing Coal and Iron Company. Inc Central ex,
pected to be reimbursed for the responsibility
thus assumed by monopoly OF the trafic from
the mines of the new corporation but the hard
times interfering seriously with those calculs
tions, the coal company Is proving sn elephant
on the hands OF the railroad company.
IL was rumored last week that the Lehieh sni
Wilkesbarre Company had made an assignment
Damaging reports concerning Its standing have
been industriously set a6oat for some time
Had II not been one Of those companies which
hell cd to originate the plan by which the miner
were forced down to starvation wages, and 70,
the price OF coal was kept at exorbitant ngurca
II would have more OF the public sympathy. Yet
the people throughout the coal region deplor
the possibility OF disaster to this company.
IL Is now positively known that the member
OF the great combination are secretly under
cutting Que anot her In the markets. and were n
not for their present pressing necessities there
would he open rupture. but on the Other
nand there would probably be underwriting
II those necessities did not exist. he coal trade
IL oonseq entity In a demorhized condition, and
the MANAGERS, too earnestly intent upon exorbL
tant profits, have failed to apply the propei
remedy. Their, are too many mines opened, and
the IauOr market Is OverstOcked. This IL sell
evident. Yet the corporations refused TO cui
down either but preferred to keep the men 90
proper way would have been to order a suspen.
sion for two months, reduce freiRhts, and tx the
price OF coal so as to correspond with tue Ieduo
ton IN the cost OF production,
his would quicken consumption far more
efec!ua than th5 threats OF steady advanced
to acco nm odate this branch Of Industry to toe
prevailing condition Of trade Throughout the
country.
STARVATION BREEDING DESPERATION.
II reports from the Luzerne region are true
the workmen there are on the eve OF raising ths
cry Of bread or blood" THIS is strange, foI
tug steady work, and yet there are no indica
tions OF such wild lee ing In the latter. Yom
correspondent attended the meeting OF the
Executive Committee Of the Miners Union OF
Schuylki,l county, held here TINS week, aud
heard the reports rom the different sections OF
the county They were generally favorable To
reotgsn zatiOn OF the society, but, while the DOS
sibili y Of dread OF blood " demand was in
cidentally diverted TO, yet II was evident that
the men looked upon such u measure great
S,iaIni.y that must be rsso s 70 only When
here Is, therefore, uo immediate danger Of any
revolt here, although should the corporations
continue their present selfish policy, there Is
telling 10 what extremity matters may come.
The corporations nave succeeded in Empower
isbns the coal regions, aud at the same time
nav. Imposed beasy Tax upon tue consumers.
but this policy has not been without lts dam
Lobigu end wiikesOsrrs Company Is totterinx
on tue b. Ink VI ruin, and the Philadelphia and
keadins Is not far on. The former 10 already
unloading by passing some OF lie colli,res into
the hands Of the Susquehanna Coal Company.
which is "A comparatively new concern, and Is
Railroad Company. II Is Just now the cat
watching for the mice. ready 10 goOole up tho
CHUNKS the Others must unload from time IL
time.
Months ago It was asserted In THE SUN that
Col. Iom Scott had an eye on the big coal ~
nanza. Here Is the proof. lie does not by any
means propose to attack the coal companies II
at once; lie WI. take them IN detail. but VA
give a blow all sround wherever he c n. 10 de.
this more ensctnally ne must nave a confedef-
ate Itght Ia their Lids, nd him he has Ia Asa
Packer anu MS Lehi2n Valley Company. Tho
Wy these two Capitalists nave HARMONIOUS
worked together for some time Is no secret. d
means something. The others knew this. gEd
hence they watched for "A weak moment IA
Packers concerns 10 drive him into the coa,-
| tinAtion. He entered for the time being from
necessity, but IL does not follow that he thern-
| bt prevented iron CaTryin- out his part OF tas
| quiet rraugement with Scott lie Is In fact Ia
a better position 10 do 50 nan ever.
TON SCOTS DESIGNS On THE COAL FIELDS.
Tom scott knows well that the chea sst way
to buy Is on forced sale and he las never lackSi
the brains, or the hosts Of willing tools to
age all sucn Jobs. lie Is gradually drawing as
Neo around the Re ding corporation, the ult.ri-
or design being To bring all the important all
Al mn
In choosing MS ally, Col. rOm Scott KEEP Two
important FONTS In view FIRST. To get II sir,nk
through the heart Of the coal fields. In ties,
Teslec the Lehigh Valley nils the bill better
tuau any other. lts deOt Is comparatively Il -ht.
IT. coh rings better prices than any other, ht,d
II pursues the wise pohcy Of opening no ilO.s
mines than are necessary, thoush It has i.n-
mense tracts OF undevelUped coal lands IN TO-
serve. and u Is virtually Ia continuation al tBs
PenusyNsnit Central, p4ssiu4 through rn-
cumberland, Carbon, the upper part of sea ~
xiii. ana lower part OF Luzerne counties, leaving
the upper r. VI Luzerne ON one siue. ani ~
lower p"rt OF Schuli on the other. lis loo
lion is thus central. Despite these eleInrnis ~
strens TIE har1 times are telling severely u2oii
its eAchequer, and hence Mr Packers ~
ance III The CON 4inatiun terms . ne - ,.
ness may be uuesf sin, a IL IS rannrI.., ,hst
nc IL u".-.H eating CON binaton prices.
win tnese facts before the people, nobody
need be IN douot as 10 tho Influences that 70
We wing the net into which the great co COM
panles nre unwttngly coming. through their ln-
sane anu selfish policy Of resisting the natur.l
laws OF trade, md RAINING counter to tn iutor-
ests Of the people.
now PRICES RANGE THIS SEASON
The following are given as samples Of t.,
price OF coal, and To t.cllitdte compals /. b.
On necessary To state that the auction t,,, (
scranton coal in New York III lS12 aicr.-s
81 70 per ton
me circular OF the Lehigh and Wilke barr.
Conn am puts the price Tor July at all avrI -
OF 80 10 per ton delivered al Port johnson, y D.,
ana sta IS that there will be AN advan. q "a -
CENTS IN August. .sh payment requirei.
Tue circular OF the Delaware unu HuC..
Company for July fixes the price To cunlri,tu
al All average or s4.e3 per ton deiiNrlCu ga
board vessel at Nechawke or Rondunt. %
ali Others the price is $500, delivered at tnJ
same places. FIFTY cents extra Is charged II ~
hvefed 1T New YORK or brooklyn, and an 80
vance OF 10 cents per ton Is also promise. D.
August.
1he Lehigh Coal Exchange, at meeting hell
In New YORK, June ~, adopted an aver .re lr.
oi 50 per ton for july, delivered at ihzai.,.,
Port uhnson, or Perth Ambuy. 1t ma, I've CIV IA
here as IA useful piece Of information hat wnri
The wages OF the uiuers we're adjusted DeLweul
the employers ana the wOrkmen, II was u sLuG.-
Ing rule mat when coal should fetch s. u ton
those points inc miners should be paid the -
ba is pieces which we. fully - per cent. hi-i.r
hdn the present rates paid with the same pre-,
ioi coal preyailing, with even here anu There "a
advance. II Is surprising, therefore, hat vita
all those advantages, some Of the COMPANIES
should mud themselves hard pressed.
Notwithstanding the suspension, tne shll