The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-01-13
A Big COAL DEAL COMPLETED.
Americans Gather in the Nova
Scotia Coal FYlds.
The Combine Has Over $4,000. 600 ~
Invest In the Project-Thc Nova .sco+,.
AeSioiature Asked to Meet md Ratify
tho Bnrgain-Anthracite Coat Men
believed to BE Backing the Mryr. Deal.

HALIFAX, N. S., Jan. 12-It ia stated
on good authority that the coal mag.
mates Of Pennsylvania, acting with the
Canad ION Pacific Railway, have abous
concluded deal by which almost the
entire coal fields OF Nova Scotia are to
pass under their control The CON 5fue.
1t is said, has over $4,000, 900 TO invest
In the project. The Nova Scotia Lepis
lature has been called 10 meet newt
week to ratify the bargain.
a we'll known hnancier says Of tbs.
schemes: This consolidation of Nom
Scotia mining companies is the outcome
OF the combination Of he anthracite coal
carriers in February, 1899. and tho a.
thracite men are believed TO be backing
this new deal to protect themselves
against the competition of Nova Scotia .
coal in the event OF she Democrats abol
fishing GOAL 1uties"
President Mcleod OF the Reading
system, is said to have been very active
In the matter lately. Tho New York
and New England is also in, the deal.
and MIR. Mcleod has pool cd his in terests
With Frank Jones. Of the Boston and
Maine road. IT is believed that through
Mr. Jones tho Canadian Pacific comes
into The project. The recent visit of
PRESIDENT Van Horne, Gt tho la tier road.
to Boston, where ha was in close con-
sultatton with Presidents Mcleod and
the New York and Now England off,
erals ~ mentioned rs good ground for
the belief OF the Can dian Pac tic's in
terest in the combine
Tho Finance Company CT Philadel-
phia, with George f. Earle. prrsidonc.
will control the coal production. and the
coal Carriers have reached thorough
understanding as to rates to the lakes
and Atlantic senbord
1t has been reported that a new COM
Cany was to havc Il long lease OF the
Cape Breton mines sixty or ninety
Years. both bad been mentioned Mr..
Fielding. provincial secretary for Nova
Scott :, was in foston = fortnight ago,
and po>sihly tina, had something to do
with eff citing the deal.
Prcn Ter Fielding admits in an inter-
view toan extraordinary session OF the
Legislatures on tho ,Atb. called 10 con-
| irm tho deal with the American syndi-
cato.
PInLADELruIA, Jan. l2-The re-
ported purchase of the Nova Scotia
coal fields by Ponnsylvania coal opera.
tors thu Reading Railroad Companv
and others, could not Re actually con-
hrmed here. but that suth a deal has
been consummated is generally be-
lieved in financial circl,s
When President Me- e cd was asked IL
the coal fields of Nova Scotia had beer
purchased and If the Reading was in
tho deal he only replied, ~ have moth
ing TO say" AS il has been Mr.. Nc
Leod's invarablc custom to deny
rumors concer ming the Reading when
they wer" without foundation, his re-
iusal Co either deny or . firm the Nova
Scotia story leaves tho Inference that
there is some truth in it,
Mr. George IL. Earle. .Ir., president
OF tho Finance Company Of Pennsyl-
vania, said that he knew nothing about
the re ported deal. as his company had
not yet been approached in regard to
the matter.
a gentleman prominently interested
in tho recent coal deals, nut who did
not wish his name used, stated that he
believed that the Nova Scotia folds had
been purchased, although he had no
actual information 20 That effect. He
also believed that the Finance COMPANY
would be the fiscal agent OF the com
bin alton, as the whole tendency OF the
railroad companies is TO divorce the
coal producing part Of their bushes
from their traffic and passenger bust
ness and give it for management into
the hands Of responsible finance COM
panies.
1t IS said that William c. Whitney, of
New York, is interested largely in the,
Nova Scotia deals, and that his brother
went TO Halifax some time ago 10 co-a-
pleto tho final negotiations of the sale.
To We'd the lakes and Ocean
WASHINGTON, Jan. l2.-The conven-