Daily press. [volume] (Newport News, Va.) 1896-current, 1898-02-26
WILL SHIP MORE COLE
Contract for Transportation
of 1000, 900 Tons.
BIG COMPANY ORGANIZED
Il" sp"ratea Fleet of Twenty-Six Earscs
from .ibis Port. Atlantic Trans
portation Company is
ih. Name.

The organization i'm the past few
n:oIlSiis CT the Atlantic Trans port ation
Company, one of uhe largest concerns OF
Its kind I'm the United States, means
tilat the coal output at Newport News
today larger than amy other American
port, Will be increased by at least 2OOO-
Uoo tons annually for the ,ieNt five years
The American Transportation Com
paRy is organized under tine laws of
the State of New Jersey and a capital
stock of S3,O00eU0 has been paid into its
treasury for the contamination of the
plans formulated by the ca phtalstS back
OF the enterprise.
The idea of the company is to carry
on an immense coal traffic. with New
port News as the central shipping point
and The Chesapeake & Ohio rtiilroad its
trans po-tation line.
The officers Of the company have been
especially busy during the past month
and has purchased and is now building
oIlt. OF the largest barge fleets in the
world.
The company intends to begin opera
ttf2ns in the course of the mex. sixty
days. at the expiration of whicn time
The fleet Will be i'm perfect order
Ehe stockholders and directors of the
Ailahnc Transportation Company ARE
among the most PROMINENT and wealth.
nest financial men of Tie East.
The most active of the ca pi abs is in
terested are General Edward p. Meany,
the masnate who is Identified with the
great success of the long distance tele-
phone, and Ex-Governor w. A. MacC,or-
kle. of West Virginia.
The headquarters Of the company is
a., No. Broadway, New York in which
building. by the way, are the main Of
fees Of the Newport News Shipbuilding
and Dry Dock Company and the Ord
Dominion Land Company. of this city
When seen by a reporter for the Daily
Press at his home last evening. Mr.. H
l. Parker superintendent of terminals
of the Chesapeake and Chic. stated that
although he Mad known for som, t.sne
.lat there was q deal in cont amp,atio'l
by winch tae Chesapeake and Ohio
would largely increase it's coal trade.
he was not informed whether the leal
lal been ccEsunmated OF not, as al
Of The details of uhe arl'an cement "Dul.
be made either a: Cincinnati or New
York. He said ;ha1t the only notice that
would be received by the officials of tn.
road at this end of the line of the con-
summation of such a contract, would
be the increase in the amount of Goa!
handled. MIR. Parker said further. that
although current report was probably
rel!a BILE in The main, The doubted the
correctness of the details. believing that
the report is rather exaggerated.
AT the present time about $4,000 tons
of coal are being dumped into SchoonerS
sesr.ss barges sat, 1.-THE piers every month
ard this quantsty will be Increased by
zles 600 tons, according to the report
Nflat IS being circulated, which is to THE
effect that the contract with the Ches-
sre9tlra and Ohio provides for the trans
pr,rtatioE of 100000 toms OF coal year
flor FIVE years and which. If correct.
pra ctiiea,Ily means ulat Newport News
WIFI annually ship in tbna future more
ttEan 100000 tons of coal