New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-04-05
COIL MONOFOLY AGAIN ATTEMPTED
A COMMITTED APPOINTED TO PERFECT a SCHEME
TO LIMIT THE SUPrLY-D!rFiCUL1ikS ~ The
on

A COMMITTED APPOINTED TO PERFECT s'hEMr
TO LIMIT THE SUPrLY-DFFiCULTikS ~ The
WAY or A COMBINATION.
Another meeting of the representatives OF
tic leading coal companies held Yesterday at thc
Office OF the Delaware and Hudson Cana! COMPANY 10
hear the report Of the committee appointed n the meet
In, last week to devise scheme for the improvement OF
the coal trad. Thcre present Thomas Dickson,
President OF the Delaware and Hudson; 1. Ii.
G0wrn, President of the Philadelphia ana EcaGihG;
Samuel soan. President Of the Delaware LaeSawannh
and Western cV-Jud.c Asa Parker, President OF the
IAhig Valley i. " Clark Receiver oi III l@hgh ana
wiiseslare; George A. IIoyt Vice-prcs'dcut OF the
Penn sylyaua CJal Company Mr. Ihihrop, Receiver Of
tie Now-Lcrsey Central DR.. LiUdcrn ann Robert H.
sayrc John c. Ballet John Tay lor Johnston. and Mr.
Inisenrins. representing individual interests minor
ny report war presented bI Mr. Gowen, tIvoilng Tue
appolutmrnt OF a committee which should have FIJI con-
troll Of Of all the sales Of coal brOusht to d' wafer by
the different companies, thus doing away
Will, n large number Of middle men and
agents the commissions and profits which accrue 10
them under tie present system being saved Ia tie com
pauics III" eport long onr giving details OF the
plan proposed and tie reasons for lis Adoption ana ls
consideration occupied large portion OF hr iinc o the
meeting. IL opposed, however by several oil those
present one o. the arguments uaed against II being that
the public would submit To any arrangement which
bore Oh face much o the appearance OF MONOPOLY
For the purpose testing tnc sense OF the meeting. NJ
sloan offered resolution 10 the effect that ii was the
opinion OF the meeting that the plan proposed by Mr.
Gowon was wholly mpractrabc. TINS was an' nied to
read that it was at all feasible at present, and in
this shape il was adopted. Nj GOwCn only voting n
the negative. The majority fcGr, "i mr. pich.nh ana
Nj SaVre was then taken w. IL pIONiucd FOR TIE al
poiutuieut 81 committee OF one from thcL o. lie lcii;
Inc companies. which should meet monthly iuId Ugrec
mon the quantity u; entracc coal 10 Ia Drought 10
micLt be- establish Inc wh0lrsae price. BY his plan
The percentage Ui the months production t. Gc fur
by each company was 10 be arranged ictWctl ihc
representatives Of the d COM al tue present
con,,rrncc well ,nctA0hs Tor detecting fraud
that The vi al was better than that proposed by him
self while Was lacking IN some important Features OF
decided that liz pldE was rot feasible, and Was
yiing a scheme 10y which the business OF the companies
could lie improved, or il 1t would oppose all other
schemes than that proposed " ll:self TO Tins he NJ
rvin- at satisfactory adjustment Of the question,
wnereupuu committee consisting OF Icssis. GOwcn,
Dcson. Clark. sloan, Hoyt, aid slyre was appointed TO
perfect the PROPOSED plan Tor the limitation OF tonnage
brought to dewar and report 10 iill meeting OF the
conference today. Inc committee VIII meet az III
one of the principal questions of difference he set
tied before s scheme be- adopted the percentage
to b, allowed each company of the total monthly shi
menis Another point whicA the representatives OF
The companies agreed Is what shall be the
gate oi The local shipments by all the companies FOR tue
year. the representative believing 1t IL be- de
sirable reduce tic quantity brought To market SUI
Rclenty to enable them 10 realize much better price
FOX coal than they nave obtained Tor some tiiu., while
others express tue opinion that more moderate rlce
and large supply VIII give better satisfaction 70 al III
tercsied ana icld larger Hct profits Another difficulty
that presents sr: II The tact that Mr.. GOrcn, IL not
denied, has made contracts Tor the delivery o about
! 900 900 tons daring tnc Summer at the present
low prices II ~ not believed that he VIII consent to de-
liver this coa as part OF MS TOTAL allotment l9r te
year while INSIST that II he has foolish
NJ Ia contract his coat at rlnOusy low prices ii lei no
,1,lt vi theirs. suffer the consequences.
They therefore will not cOIscut IL allow him any adYa
fae on account OF these conti acts Considerable olcc-
tiOu is also allowing Mr. sloan 10 continue his
ton sales but tbs lac Insists si DC condition OF the
agreement. TIE points above mentioned are among
those which vii! before the committee to-day, ana
which must be settled before a combination can be
made. All that the failure VI OF the lead
ing companies participate III the proposed compact
will defeat the scheme. The adjourned meeting Of the
conference will be held to-day after the committee has
agreed upon a report.