The New York herald., 1877-12-18
THE COAL COMBINATION.
JUDGE PACKERS PosITIoN-MEETING OF THE
COMMITTEE IN THIS CITY

JUDGE PACKERS PosITIoN-MERTING OF THE
COMMITTEE IN THIS CITY.
The practicabilty OF the proposed coal combination
will be definitely decided to-day and II all the high
contracting parties come 10 mutual understanding
the provisions Of the combination Will at go into
operation and be made known to the public. On
Thursday last representatives OF tho coal
and coal carrying companies held a meeting
with closed doors At the Coal and Iron Exchange and
among the business transacted tho appointing of
committse Of three to prepare plan OF combination
by which the several companies could participate
with security TO their separate corporations
and with Interest to their business. Tho committee
SO formed consisted of President Dickson Of the Del
aware aud Hudson Canal Company; Vice President
sayre of the Lehgh Valley Railroad :and Coal Com
pany, and President Gowen, OF the Philadelphia and
Reading Railroad ana Coal Company. The committee
convened yesterday and put In active operation ways
to mako the meeting OF to-day harm0-
The report will be submitted for the action Of
the representatives OF the coal companies. and Is
bly, received
Thc only hitch in the negotiations WILL It is feared,
the Lchgh Valley Railroad. All Efforts so far 70 IN
duce him TO JOIN in the proposed combination havc
proved unavaing, Notwithstanding the fact that he
has expressed himself in sympathy with the move
mcnt He gives as reason Tor hts refusal or hesta-
ton to JOIN the movement that his participation
therein would imperil the cnarter OF his company II,
however, upon mature reflection, hts iears
groundless, all objections his part Will
then cease and the supporters OF the combination
sanguine that Judge Packer will then wheel into
line and cooperate with the other companies.
The commttcc's report to-day will, no doubt, 20
far TO determine Judge Packers course II the provi
OF the combination are such as 10 clearly demon
the wisdom the policy Of such change, It is
expected that he will offer obstacle TO the scheme
gong into operation. The exact nature OF the report
to be submitted TO the meeting to-day could not be
definitely ascertained. In general terms, however,
the committee was empowered TO prepare a plan to
dcnne the basis Tor adjusting the annual amount OF
aggregate production and also 10 suggest the proper
percentage TO be allotted to eacn company.
Mr.. Dickson waited upon at the GIsey House
last night oy HERALD reporter but courteousiy re-
fused to give any Information as to the nature or pro-
visions OF the committees report.
"You must be aware that II Is absolutely impossible
for comply with your req uest - said Mr.. Dick
"Our report has no practical or special siRnih-
until II is acted upon by the meeting Tomorrow
IL would be papabe violation OF The properties to
publish the report or even abstract OF It, until II
is first submitted to the representatives OF the COM
pluIes- In fact We have not yet completed
port. We will hold another meeting to- morrow
ing ana I'LL III the details. We hope, hewcver, that
the programme We have mapped out will be satisiac-
tory to all parties concerned"