New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-11-08
linauriaI
To the Stockholders of


The Delaware 4 Hudson Canal Company.
The PhiIadeIphin a Reading II. X. Company,
The New-YOrk. Ontario & Western *. H. t"''
The v y Susauehnnnn a Western IL. X. Co.,.
The Sew-YOrL. Lake Erie West. IL. H. to''
The Pennsylvania Railroad Company
The L~high valley RaiirOad Company.
THE ANTHRACITE COAL OPERATORS AssOCIA-
TION COMPRISES nearly all the corporations. firms and
individuals mining anthracite coal outside OF the COM
panies above named
During the year 1885, II per cent OF the total tonnage
WAS mined by Of the Association proportion
much larger than that any other single interest Most
81 the coai 50 mined is delivered to some one Of the
above named companies under contracts providing FOR a
division of the selling price between operator and carrier
This arrangement the interests ~ the members Of
our association and % the stockholders IN III" greater
o,,na,,es practically identcal When loses the other
must Moreover the individual operator loses the
mining by railroads from their own lands must oe
equally unprohi able
AZ all are aware the last year has beer most dis
astros one to the trade Many millions OF tons that can
,eyer n. r,placed have than thrown away.
because actually sold much less than cost insolvency
has nearly or quite oyertaken some of me ABOVE com
NAMES and ,hos. continued dividend payments
have made up deficits from their assets lhst this
rs.,. has been unnecessary mining operator knows
and what adds It's folly IL the fact thai some OF the
coslers whose regarded most highly by out
sid. investors must hnd themselves short OF coal In
their coerics Their lands are being rapidly eHhaus'eu
and cannot be replaced al any price.
rus, nov natural conditions creating sharp De
nand for coal and countsaeng corporate folly: but We
6nd tia, some OF the companies TO whom We denver our
product made many sales tor future oeNer' q"
the previou. prices that Is doubtful either we or
Won will deriv. much advsntas. before another slump
IN prcss comes past experience Is not reassurlng
our member. representing Investment Of about
..ven,y.nve millions Of dollars in mines and the appur-
tenances are practical and thoroughly familiar Win
the trade In It's detsis Many OF them are stock
mo-
and their interests ar. doubly identical with yours
Although the bulk yorr capital is invested In the coal
,.rion. that its and producveness depend upon
conditions existing and economies to be practsed mere
70, II il remarkable fact that some AZ the largest OF the
coal companies not single director VINO Is resident
in tho territory money Is expended or at all
familiar with practical mining. even with the actual
,,,,or ., vour propertv That such state Of affairs
must ooerste greatly TO the disadvantage OF the company
follows without saying
Committees appointed ny our Association nave here'o-
fore proposed 10 the Railroad Managers various plans for
harmonizng differences in the trade. hut no oenencal
action has followed II only fair however that
,sv q, the officials have used every effort the
tide Of waste but FOR want of sufficient
cooperation.
Therefore. failing IN all other means the ASSOCIATION
has by resolution unanimously adopted appointed the
undersigned 4 COMMITTEE TO REQUEST PROM
les from stockholders ~ the great Anthracite Com
rani.s with view securing representation In their
management believing that the result would be highly
10 every stakeholder well as 10 ourselves
The infusion Of larger element of practical kno"iedse
experience and personal financial interest would certainly
90 Blank. for pro.e, vii be furnished application a.
The New-York once ~ the Association NO - 'or'an''
Proses may b. made in OF the committee or
r. H. sTIRCEs. scranton Pa mi,
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