The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-03-08


porate Title of the New Concern.
Mr. Watkins President.
The consolidation of the coal inter-
ests of Simpson d Watkins. of which
exclusive announcement was made in
The Tribune. has been effected, and the
details are now given to the public as
was promised at the time when the
fact that the consolidation was under
way was first printed.
The Temple Iron company is the title
of the corporation under which the con-
sOldated concern will be operated. The
title is taken from u small company
located at Temple, Pa, near Reading,
which Simpson & Watkins controlled.
Its charter was found to cover all the
interests which the combine proposes
to operate, and all that was necessary to
do was TO enlarge its capital stock. The
capital stock was fixed at S2,00O,000.
The properties which were merged
under this new title are the seven coal
companies controlled by Simpson &
watkins in this region.
THE COAL PROPERTIES.
The following are the local coal COM
panies which the new company ac-
quires:
Forty Fort Coal company Capital S20l.-
0oo {, ID. simpson, president; T. ii. Wat
hlls, treasurer a r. Law secretary.
M p'"S i'i ~ 'S",r'nN '~"pilal' SlVv,-
VIII, ,i,, .',i,i, - - o.
treasurer. A T. Inv socretor,,
Edgertuu coal cemrary--r1nit,l Sooo
OC0 G. u. Simpson, president; r. II. Wat
kins, secretary and treasurer.
Mount Lookout Coal company--Capitdl,
dSo,VVO. T. H. watkins, president; w. $.
,,,.',,,, we, -, ~ S'u,n'' - ~, 9l'i'pSDH'
To,tbu,ast ,,'o, ,'o,,,,,,i ,i, s,,o
O0o q u Simnson nrcsiGart. ~ ~ u,
kns, treasurer: A. T. Law, secretary.
s,So Stoarlcs odd Creek Coal c,oimpany-Capt'l'
Lackawanna Coal company - Capital
"o'o'"
Eight coIlieries ar. ou.ratna hv those
seven companies. the Forty Fort coal
! COMPANY having tvn Tbair nroeant
! OUTPUT is / 500 600 tons a wear and tbav
! are capable of producine 2o5 OoO TONS
! Several other coal nronerties including
| the Forest Mining ronpanv or Arch.
| bald, and the Newton Coal compony of
! Pittston. are to he taken in IN the now
| COMPANY.
Mr.. Watkins stated Yesterday that
/ decisions would he reached i'm these
matters in the course of q few days
/ He further stated that If WAS not the
! present intention of the Temnle com.
pany TO acquire anv other nroperties
| than these already under option.
As previously stated by MIR. Wat
kins in an interview in The Tribune.
| the purpose of the consolidation is to
make it more convenient TO handle the
| business of the different concerns The
| various integral companies will he con-
! tinued under their present local Of
| ficers but their general mana cement
! will be centered i'm the new company
! ,
idart NJ tba ror,r,ia co,,,an,. o,d ,rir
ba,,a tho diroct n,onogomont or tho
coaI ,,,inirsr h,,sirass
Tba aIoctio, - tho otbor ofRoor, ,,i,I
| taI,o niooa Ntorct 10 T-ntu tbot ti,,a
NJ. twot1,i,,a ea,,s Ia ao, ,t sa,,
noeiti,,aI,, ,,,h,, ,,,iIl ,anrasant tha irta,,
ests associated Win tbem in tho new
cnn,neny Tbo deaI vae effactad
tbro,,ch tbo Cuorortao Truet oornnory
of New, work ana ae vet the Trust
co,nnon,, hoe nor saen AZ to divnIc,a
tho avoo+ idortitv az tho nartiee for
whom, If arted Simnson 4 WATKINS
| have onlv n general idaa of who tbair
| ogsociotos v,iII bo
/ ~ y,-o+,.i,,,, ,t,.,,7 ,,,,i+i,,,,. ,..,,,