New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-12-28
ANOTHER FAILCRE TO AGREE.
DISCUSSING A COAL COMPACT.

TIE CONFERENCE UNABLE 10 AGREE 10 1HE PRO-
PORTION or PRODUCTION ron EACH COMPANY
TWO SCHEDULES PREPAREO-AS ADJOURNMENT
TO PHILADELPHIA.
The coal conference met in the Delaware and
Hudson Canal COmplny's binding. in Cortandsi' yes
terday 1t noon. There were present Me'sis "ONeh'
Dickson sloan Hoyt, CLARK CaSsatt and IAthrop Dr.
Liuderinan Jacob r. Graef General l.. J. Wistar
and Elisha p. Wilbur Mr.. Gr7en appeared as
the representative Of the individual operators in the
schuyildu region; General Wistar has special
charge Of the coal interests OF the Pennsylvania Rroad
Company AMI 20 assist Mr. Cass1tt ana MF. VIII
bur represented the Lehign Valley Coal Company ana
some OF the individual operators on the he OF the Lgh
Valley Railroad
At the previous meeting committee was appointed
consisting OF Messrs Gowen, Dickson. Iloyt Clark ana
Iindrrlnan TO prepare schedule giving the percentage
Of TONNAGE 20 he allotted To the different com
pancs. The members of this comuiitte' met al
tne Delaware and Hudson Office Wednesday after
noon. ana after discussing the question for Il
short time. they placed the papcrs in their
possession in the hands Of an accountant To
prepare statement of the relative production Of coal by
the respective companies. The accountants report vas
handed To The committee at the Gisey House yesterday
morning. when the real work OF the committee began
Numerous schedules were prepared, but they ali footed
ND over 90 per cent, and Il finally decided TO report
to the conference the following percentages Us Tie near
est upon which the committee could agree:
Puiiadephia and Reading, 81; Lehish Valley lei2
Ncw-Iersey Central, -; Dcawaic, LaCka|aun1 ANA
western ana Delaware ani iaGS0n eacl In; fenusF
wanna Railroad, = ana Penn NiFahla Coal - Hpi1' ="
AT the conference which aet ~ noon, this report was
discussed for about two hours. Mr.. Sloan assured the
conference that his company would moi agree 10 ihlt us
production 1912 per cent OF The total "ou'-
put" OF all the companies. lie was asked 70
take the average production OF m' COMPANY 8
mue for the pas five years ~ the bass for the
IN dp
ates that his obligations hal increased largely during the
time mentioned, and 10 meet these obligations II wac
necessary increase ms business i mus b. borne IN
mind he said that IN tn, ease, well ~ in mat OF
some others the business OF the company was not cou
fined 70 mining coal. He also had railroad,
aud large Tonnage meIs large business for the rail-
road while restriction OF Tonnage 10 the Fires pro-
posed also limited the traffic to great an extent that
the idea could he considered. The obligations oi iis
company be met, and the only way 10 erect THIS
was by doing a. much business a. possible
Mr. Gowcn said inat his company coud produce antEra
cite sufficient 10 supply onethrd Of thc demand o!
the country and the condition 0f ms cOmpanys finances
was such that could not afford TO limit lis output
20 less t.an 81 per cent. II was believed by
those present however, that De would yield TO
far as 10 be limited to 80 per cent Mr..
Dickson Ina already consented n committee % l2s rr
cent Tor Is Company Tie necessity for some measure
which wouid increase the price of coal great. e
SAIL tbat Wiling to 10 ans thus reasonable
20 bIius about Tie combination.
Finally q now schedule proposed and two hours
more were devoted to It's consideration. THIS gave the
Delaware LachaWauua and Western and the Delaware
and Hudson CpUugUis il per cent each. Reading -
Ieneh Valley l.: Nev-Jcsey Central -; PtnisJ wanna
Railroad :. aud Pennsylvania Goa. Company ..
10 these figures Mr. 6OWcu ana tac L.lI-h valley
Company Obirc,c. Wien 10 proposed to adjourn 10
another day, urged by some ~ those PRESENT mat
such seemed useless every conceivable thoit
had already been made to agree, aud witnOut
success II the matter could not be- settled tnn ID cOuid
not s.ttl,d all Otrr members Uf the conference
anxious 10 make one norr effort 70 save tio con-
pau., 90 was claimed. from utter RAM and tine iucgt
ing adjourned Ia next wednesday, IN Philadelphia.
Alr Dickson said. st evening, inst hc mad great hopes
that the conIaues would yet come an under landing
lie did not cSpeci tie work to be done ia a day 1ury
had come winIn per cent OF an agreement, ana he
Thought the necessities of he would induce sOme Of
tie companies 10 Yield
Ntilncr Juder Packer nor Mr.. Sayre attended the
the first session of the cOIrc nee held here
December li. "a addressed 20 Sir. PFckcr-Vho
was in n.s the buidIug-Of which the fol-
lowing copy. iii. Packer az hist refused 90 ssn IT,
but was finally induced 10 do so, In me m1nne lcalcd
Dee. -, 1877.
Tie Hon. ASA PACKER, Prcstdet LehiQh Iaicy hairOad
CDLipGHy:
My DEAR SIR If the Lchigh valley Railroad Com
pany Will cary out any pans which II may DO
rrquestcd 90 b. Hll those Who sap
coal over its lines, provided the same Is not
in conflict with lis ObIgatl as common carrier, II
will he acco ptahle to the Otht companies.
Very truly yours. THOMAS DICKSON, Chairman.
Approved, provided all OF our operators agree.
Asa PACKER. President.