The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1895-09-11
BIG DEAL MATURING.
CAPITALISTS PLANNING THE REGUlA-
TON or ANTHRACITE COAL.
Gain Control y, Railroads Which Mine As
Well a. Trausport-When Reading Is Re-
organized scope of Combine Will BE I'm
~folded-Great Loss In tho Past.

A development Of the near future Of
the highest Importance from a specula
tive standpoint will be the termination
of the decentralization which now exists
in the anthracite coal trade. The trOu-
bic in this trade is not a decreased con-
sumption, but instead an excessive pro-
ductron. with a consequent breakdown
III prices.
Hail the prices for coal which were
received in the first half of 1894 been
obtained III the first six months OF 1875
the freight revenue would have been
see, U35, O3.i, or an increase Of 50 $685.
266. Hadthe prices which were received
in the first half Of 1893 been obtained
in 1898 the freight revenue would have
been S27. GSS, $50, or al increase Of ST.
729, 2S4.
The loss Oh coal AID freight together
for the first six months of 1895, as COM
pared with the corresponding period in
1894, was s., $50. 665, and the loss as
compared with 1898 was 1,S23, 2l0.
The first step toward the regulation
Of the anthracite coal trade is to be the
perfection of a plan for the reorganiza-
tion of the Philadelphia and Reading
railroad, which is the principal produ-
Ger and carrier Of coal.
This road is the key to the situation,
and with that knowledge o powerful
combination Of capitalists have accu-
INFLATED a majority Of its capital stock
and will appear in control Of it when
the scheme for the REIMBURSEMENT Of its
finances is cOnsummated.
The capitalists in the combination are
the chief owners Of the stocks OF the
Delaware, Lackawanna and Western
railroad, the Central Railroad Of New
Jersey and the Delaware and Hudson
Canal company. In addition they have
recently attained dominating influence
in the management of the New York,
S%usquehanna and Western railroad.
The undertaking of the capitalists is
q stupendous one, but their resources
are SO vast that there can be no question
as to their ability to carry it out,
1t became necessary for them to &C,
quire control Of the Reading road and
to assume the regulation Of the coal
trade in order to protect their interests
in the New Jersey Central, Lackawanna
and Delaware and Hudson companies.
There is a possibility that they will
secure control Of the Lehigh Valley
road, but this is a point on which IA de,
cision has not been reached. 1t is known
that the Packer estate is willing 10 re,
lnquish it's holdings Of the stock of the
Lehigh Valley, which ri sufficient tc
afford the ruling voice in the affairs OF
the road.
The Lehigh Valley handles the larger
share Of the output Of the individual.
mine owners, and is, therefore, a lead
ing factor in the coal business. Should
the actual possession of the road not be
obtained, arrangements will be made
for its cooperation in the project il
hand.
The coal trade deal has been in prog
ress for a long time. 1t is a thing that
required months Of negotiation anG
work. but it is at last approaching con
c~lusion. Its details will be made public
when the programme for the rehabilita
ton Of the Reading road is ready fol-
announcement, and i'll this matter there
is no reason for much further delay
New York Journal.