The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-01-14
A COAL COALITION FORMED.
AN .fGREEMENT EFFECTED ny THE sET-
EN C.iRRYING COMPANIES.
Limit,rK the Quantity OF Coal TO he Placed In
Market to 10000, 900 Tons "a Year What
win be the Eject Of the Combination,

PHILADELPHIA, Jan. 13.-It is nearly three
weeks since n meeting was held in this city Of
representatives of the corporations that carry
all the anthracite coal product in PENNSYLVANIA
Tor the purpose OF forming n combination by
whose rules the quantity Of coal carried by cach
would bc confined within fixed limits Such
union was believed necessary for the protrc-
tion OF the operators as we'll as of the carriers
because the quantity Of coal previously trans
ported having been In excess OF the demand
prices had fallen below the paying point. At the
meeting plan Of the desired organization was
adopted by all except the representative of the
Lehigh Valley Railroad and the Lehgh Canal
BY the plan. an allotment Of transportation was
made Tor each company upon n basis of 2O.01O.-
600 tons taken rs the entire demand for coal In
the preceding year. This quantity. however. is
about 1.00O0OO tons less than the actual de-
mand. The Lchigh rcprcsr rntativcs protesting
against the allotment Of lSI per cent to their
company the formation OF the combination was
delayed. They asked 1925 per cent. and. after
was refused.
Last Thursday II was understood TINT the t..
hlgh company was wiling 10 accept a percent
age oi lH' offered them 10y all the other cOmpa-
nics except the Delaware. Iackawanna nul
Western Railroad The latter at that time would
no' agree 10 such an arrangement. and pending
thcir decision the matter went unsettled until
tNhluihHN 'NfnllE. ] nrn tle combination pf
ihrs'Nrn Companies became arcality. No meet
ing was held to accomplish this end but the en-
tfc work WAS effected 10y trlegraphic cOmmuni-
cation hriwccn the New York ami PENNSYLVANIA
companies. The difference which had boon the
bone OF contention became reduced TO 50 fine a
point thut saturday work was donc with hut
lltt' difficulty. The coalition is Just was
proposed at the preliminary meeting. except
mat 9nc-siAth percent hnd been deducted from
the allotment of each of the originally agreeing
coml0nics and added 10 that Of the Lchigh in
'ensi. mus making the latiers percentage la't.
:, Thr management Of the Union is vested in "A
Ionrd ui Control. comprising rcpres"n natives
hpt "uly 81 the carrying companies. hut also ot
the operators The boards President. Mr. Saml
Dixon. President of the Delaware and Hudson
lanai Company has his oill'r in New York.
Inc p"r"'nlag"S allotted TO the seven Interests
ing lailrnui 2s'.: Now Jersey Central Rail-
r'ad, II 2J-32: PENNSYLVANIA Coat Company.
r.; Penn-yNania lnilload. -. Delaware and
Hudson anal. II lj-32; Delaware L., a,kawnn-
nn ana W,r-irrn, ~ az L"high Valley Railroad
and Canal. l9a.
On~ OF tnr most promincn, Of tho Iu1erne
region pl ratOts told n reporter yr-t'riny that
IN his belief the combination would provo
highly bon hrial. not only 10 the carriers and
nrvduc' r., but also tu numerous other cins-es
OF the public. II wouli also rnllle the opera
tors to carry on their works without losing
money. uni restore confidence ln financial cir
clrs W. r. she stock or bonds ~ th companies
held. rh" GH oGct 'S II u the ear cSa'mIina,'i'onn'
continued the operator. is not 10 force coal up
70 hiEh price. but to insure fair roturn-
Tor pr1 iuilpn, an end wlirh experience had
proved clNli not he attained without such u
coalition. | think that from ono fourth % one-
thri oi All H." culli"rics ia the ant ra'lir re-
zion ar" ~ ] !l". owing 10 pNrrprpiu fiOl. hut
II Is prunttle that the combination will euubl.
all ~ ihrm o. resume operations about the list
~ March. Perhaps even without the cNiSicn 'e
Oi tn" union some OF them would resume W. *
again about that Time but the operators could
not make Il pay. ana they would stll have To
u. " pa tnr,n,mj which believe the conibi-