The Carbon advocate. [volume] (Lehighton, Pa.) 1872-1924, 1878-01-19
The Coal Trade.

Says the Philadelphia Ledger, of last
Monday; The terms and conditions ol
Coordination" of the several parties to the
anthracite coal trade have excited much at
tehtion all the past week, not only with the
parties to the compact but with other large
outside interests. The coal trade is heavily
in debt, companies and individuals, being
largely involved, and without some such re-
lief as is thought may, and will come through
an arrangement protecting the trade from
further depression and loss, its creditors will
probably protect themselves as they best
may, and that right speedily. To avoid the
consequence that must attend such action of
creditors as this, almost universal sympathy
has been awaliened,an all having influence
in the trade have been using their best en-
deavors to harmonize differences and to
reach an amcable and satisfactory result.
Col. T. A. Scott has been unceasing in his
efforts to this end, and on Saturday morning
had, with the aid of others, narrowed all
differences on the question of allotment to
$4,000 tons out of the assumed tonnage for
the year of 20,0O0,O00 tons! At this point
the negotiation seemed to stick, and, triiling
as the matter in difference was, failure of the
great purpose seemed probable. But the
Colonel did not abate a iot IN his purpose,
and gradually bringing in here and there a
party, and cilCcting slight concessions, at
about hall-past three o'clock had secured as
sent to an allotment that covered the last
pound in the twenty millions Of tons, in the
following proportions, viz;
To the Per cent
Reading Railroad Company"........2S8
Lehlgh Valley nterest................l9 l94
Delaware Lackawanna * Wcsteru..l29
Pennsylvania Railroad ................ 7S
Pennsylvania Coal Comyany......... 81
Genital Railroad Of New Jersey...l2 1882
Delaware and Hudson Canal.......12 1882
These are the proportions arrived at, and
are supposed to be satisfactory all round.
Of course the arrangement has vet to 90
throUgh the necessary form of reduction to
writing, on the basis of provisions, in most
substantial particulars, suggested by Mr..
Gowen in his paper published in this column.
some three weeks since, and subsequently,
considered by the conference at its first
meeting. In some two or three instances in
reaching the desired acceptance of the above
allotment by the parties named, we under
stand that individual operators volunteered
to make up small differences that seemed to
stand in the way of prompt adjustment.
On Saturday the conclusion among the more
active in forming the combination was that
it was practically accomplished.
The coal managers Wednesday held a
meeting in New York and ratified the agree
ment as above allotting the quota of the out
put of tile various companies for 1878. The
Board of Control was organized with one
for each interest, Thos. Dick
son being made chairman, Franklin b.
Gowen secretary and treasurer, and j. II.
Jones expert accountant. 1t is to hold
monthly meetings in New York and Phila-
deiphih alternately, and on January 25 will
meet in Philadelphia, at the Reading Rail
road Office, to establish the monthly quota
of each interest.
y'hetOilO wing table shows the quanrlty OF coal
snipUei over tle Leligh lley RWlrOad toI the
week en- ing Jan l2th, 1873 and for the car as
gyuDlI, u Inc same time II NpHp-