The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1900-12-13

The independent road to tidewater
| projected by the Pennsylvania Coal
company and Il. l.. Fuller for the re-
| lief of the individual operators, is as
good as doomed, and the day of the in
divitlual operator in the Lackawanna
| region is closed.
What practically amounts to an adj
mission of the truth Of the story that
/ the Erie Is to have control of the
Pennsylvania Coal company was made
yesterday, in New York. by First Vice
President w. " s. Thorne, of the
Pennsylvania company. TO an inter-
viewer he said:
THE negotiations for the sale of the
stock of the Pennsylvania Coal COM
pany have not been consummated.
There will be nothing to give out on
the subject today"
The Daily Philadelphia Stakeholder,
in it's Wall street letter, yesterday,
said that an important announcement
concerning the anthracite stocks would
be forthcoming tomorrow.
The closing quotation in Pennsylva-
mia stock, Monday. was 500 bid. The
next day it was 600 bid. while on the
| curb it was 6l5 bid, 645 asked.
From sources that are considered re-
liable it is learned that the Erie is
not to be the sole beneficiary of the
Pennsylvania company's transferral.
The output of tue Pennsylvania COL
lieries is to be shared in by the On
tario and Western and Delaware and
Hudson companies. The allotment of
colieries will be governed in great
measure by the matter of convenience.
At present all of the eleven breakers
are on the line of the Erie and Wyom-
ing, which connects with the Erie, so
it is presumed the Erie will have the
lions share. This matter. however, is
incidental as compared to the main
purpose Of the deal, the defeat of the
Independent road to tidewater.
BLAME FULLER.
New York dispatches which were
evidently inspired lays the blame for
the defeat of the new road project
upon e. L. Fuller. The action of Mr..
Fuller in selling to the Ontario and
Western, the Mt. Pleasant colliery, is
the excuse for making him scape-
goat. At distance this might seem
to be a Just accusation, but to those
acquainted with the facts in the case,
it is the veriest bosh. The Mt. Pleas
ant Is so situated that it could not
be made a contributor to the traffic of
the new road without building long
roundabout and consequently expen-
sive railroad to connect it with the
Erie and Wyoming.
If the whole truth could be made
public 1t is likely that it would be
admitted that no one ever expected the
Mt. Pleasant to be a contributor to
the Independent road. The fact that
Mr.. Fuller's other collieries, such as
We're in the territory to be tapped by
the new road, were retained by Mr..
Fuller to become a part of the tribu-
taries to the new road, removes the
foundation from the charge that "Mr.
Fuller Backed OUT
Mr.. Fuller left for New York yester-
day before the allegation that he had
"backed out" appeared in the public
prints. In regard to the reported Erie
Pennsylvania deal, Mr.. Fuller said he
had no official information. In manner
rather than words he indicated that he
did not doubt it. He was about to 30
to New York, he said, and hoped by
tomorrow to know all about the affair.
THROOP COLLIERY SOLD.
The reported sale of the Pancoast
coliery at Throop to the Ontario and
Western people. announced In The
Tribune as likely. three weeks ago.
and briefly mentioned in an unofficial
way yesterday. is confirmed. Superin-
tendent Dryden, of the Scranton
company, one Of the branches or lue
Ontario and Westerns coal depart
ment, will have supervision of the
newly acquired property. This makes
fifteen collieries the Ontario and West
ern now controls. The Pancoast COM
pany was capitalized at 100000.