The daily morning journal and courier., 1895-09-03
COAL VAR SETH ED.
Presidents of Carrying Roads Agree-The
 Output to be Limite

Philadelphia, Sept, 2.-The announce ment that the settlement of the difficult ties of the anthracite coal trade is near at hand will be received with great satisfaction by the large interests in- volved in the war which has been car ried on for some time. Despite the ef- fort to keep the matter secret, 1t is authoritatively stated that the coal troubles are about at an end. It is said the chief features have been prac- tically settled by the presidents of the coal carrying roads, and the basis of settlement of the existing difficulties have been already agreed upon.
 The plan to be followed is the one suggested by President George B. Rob- erts of the Pennsylvania railroad, which met with the approval of J. Pierpont Morgan and the other high officials directly interested in the con- summation of the project It is un- derstood by those conversant with the situation that MT. Morgans idea is that the entire transportation matter freight, coal and passenger business should be settled at one and the same time and that the agreement should serve to place the traffic of the railroads between the seaboard and Chicago on a more stable and profitable basis This agreement, it is said, has been approved by the committees of leading officers of the Trunk Line Central Traffic asso- citations, and will be ratified by the presidents in the course of a few weeks.
 | In regard to the anthracite coal situa- | tion, it is said the new basis of settle ment will prove satisfactory to all in- terests involved. Of course, the output of the different coal companies will have to be settled before the new agreement will work perfectly. But the point which will be first settled, and which the coal railroad presidents agree can be easily settled, is what coal tonnage each transportation company is entitled to carry. The new arrangement, pool, provides for the settlement of this question by arbitration, based upon the output of the different coal-carry- ing roads for a given period.
 l | AlS llletllSl uetNillS pSCu SSltlSu, IL Is said that commissioners placed in charge of the bureaus for superintend- ing all anthracite coal, will receive daily reports of the amount allotted to each road As soon as any company reaches the limit it will be directed by the commissioner to stop hauling | coal. The transportation part of the ] coal situation may, therefore, be con- sidered as good as settled, although it | is noe believed the matter will reach a final solution before the middle of l the month.
 One of the presidents, who Is said to have the approval of certain leading in terests, is laying before the other com panies plan for establishing a general selling agency in New York and other large cities, with a view to having all coal transported to competitive cen | ters by the railroads or coal companies in question consigned to a single agent | who would represent all interests alike As long as each company is entitled to a certain tonnage, it is claimed that it is immateral whether it had an in
 dependent sales agent. The effect
 would be to abolish many expenses in. cident to such agencies, and especially the commissions or tax which the gen
 eral sales agent collects on every tor
 of coal that comes to tidewater. Ger
 tain companies are believed to be op posed to the abolishment of the in dividual sales agents, and it seems doubtful that it will be done.
 One of the principal features in the coal situation is the disposition of tht Reading railroad, which, it is under stood, MT. Morgan will eventually re
 organize. Coal officials are pretty con
 fdent that the Reading will not re
 treat from it's demand for 21 per cent
 of the output or the transportation O
 21 per cent. of the entire amount haul ed. This demand, which was supported by the Olcott committee of the Read ing company, is said to meet with tn
 approval of MT. Morgan.
 The Charm of Grouse-Shooting.