The Providence news. (Providence [R.I.]) 1891-1906, 1894-07-26
A CASE OF

Ochoso wv uiduo dttdCk OH treSl-
dent Cleveland for his attitude on coal
has made the more thoughtful Demo-
Gratis hesitate about adopting the sug-
gestion OF the President to put coal on
the free list. The Nova Scotia syndi-
cate, IN whose interests it is charged
the President is working, is a combine
in which the Presidents friends are
most deeply interested and in which
Lamont is said to own a considerable
amount Of stock. 1t is one of the
biggest CANDLES ever undertaken by
wealthy politicians and was taken hold
OF solely because they thought that with
the Democracy in power the value of
their 90 years franchise would be i'm
mensely added to, as indeed it would be.
So far they failed to obtain free coal
and they sent John Z. Russell to WASH
ington to urge upon the President the
necessity Of doing something for them,
How well they succeed the letter of the
President shows.
The New York Tribune thus describes
this foreign syndicate, and the plans OF
Cleveland for its enrichment.
The concern which. as Senator German
showed in his speech, would be the only bone-
hciary OF the Presidents scheme 20 rob the
American producer of legitimate protection
" ofncialiy known as the Dominion Coal Com
pany. 1t swings a capital of Sl5,OO0,OOO COM
mon and S3,000,000 preferred stock. II was
nrRn nixRd nnHar thu In ua nf N... o -.
the president Is Henry Whitney. brother OF
cx-Secretary Whitney. whose political rela-
lions TO and services for Mr.. Cleveland
are well known. The treasurer Il
John =. McLannan OF Montreal; r. =
Pearson OF Boston Is chief engineer. and
David n OF Glace Bay, Cape Breton, is
resident manager. The directors are Messrs.
whitney. McLannan and Pearson, Henry r.
Dimook of Newark; Sir Donald A. Smith and
w. {. Var Horne Of Montreal: w. b. Ross of
Halifax, and Alfred Winsor and Robert Win.
sor Of Boston. William G. Whitney's name
does not appear In the list, but we'll Uniformed
mon say that he Is heavily interested In tbe
company. His brother is said to have taken
9,ou0 shares of stock at 80 a share. The price
In Boston yesterday was s2l 25, at which two
big blocks were sold. Only ei,50o, 900 common
stock has been offered to the public.
This company or syndicate combines the
business OF ~ additional companies at Cape
ohs NAfVa - iullt lOnK has bean
built from the mines TO Lewiston, Me-. whore
coal can be put on board vessels at about 81 a
ton. Already large quantities Of this Cana
dian coal are being used In Boston. and a
wiping out of the American tariff ON
bituminous coal would enable the
Whitney Syndicate to monopolI1.
the New England trade TO the detri.
ment OF home interests OF West Virginia. yir.
ginia and Maryland. The syndicate paws IA.
Dominion Government a royalty ? /. I2L cents
a ton, and its mining tenure under the char.
ter Is ~ years. Millions Sf dollars would Ia
poured into the Golfers OF this foreign corpora.
ton. which includes Mr.. Cleveland,s old
friends. If the American mine owner and
laborer were stricken down at the bebest of
the President to Congress.
This is what Cleveland calls the vim
dicstion OF Democratic principles.
And so strong Is the pressure that is
being brought TO bring about free coal
IN the interest Of this foreign syndicate
that Secretary Lamont, who is Cleye-
lands other self, says that the President
will insist upon free coal and free iron.
and will stand firm in his demands until
they are conceded to or he will kill the
bill by a veto.
The nation is being awakened Co the
disgraceful bargains Of the Democracy.
IL tariff bill Is = case Of plumber and