The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-09-05
A Meeting Of the Coal Operators is to
be Held in New
York.
PLANS HAVE BEEN FORMING FOR MON THIS
The States Whose Mining Companies Are 10
Enter the Combine Are Ohio, Indiana,
Illinois, West Virginia and
Kentucky.
(By the Associated Press.

Pittsburg, Sept. 3.-The Post tomorrow
will say:
"All the bituminous coal mining COM
panies of Pennsylvania. Ohio, Indiana
Illinois, West Virginia and Kentucky
are to be consolidated into one great
corporation by the j. P. Morgan Syndi-
cate. The enormous proportions of this
corporation can hardly be realized. The
fact that the Pittsburg Coal Company,
with capital Of $64,000.000 and the
Monongahela River Consolidated Coal
and Coke Company, with its capital of
$30,OOO,000 are to- be included in the
greater consolidation. brings the matter
strongly before Pittsburg Coal operators.
These two corporations practically con-
troll all the output in the Pittsburg dis
trict and extend their operations we'll
Gown toward West Virginia in two direc-
tioEs.
f"Officers of these companies are ex-
pected to attend a meeting of the coal
operators In New York on Thursday Of
next week, at which the preliminary
steps toward the formation of the great
combine will be taken. 1 ssa
"Other interests that will be repre-
scented from the Pennsylvania fields will
be from the Bermind- White Company
the newer Fairmont Coal Company, and
large number OF smaller corporations
of this kind. Still other interests to be
represented will be from Ohio, Indiana,
Illinois. Kentucky and West Virginia,
where during the past few months, move
ments have been on foot for the con-
solidation of the coal interests of those
States, into State Corporations for
those particular fields. The railroads
are also taking keen interest in the
project and owing to the Morgan inter-
ests predominating in that field the con-
soldation Is looked upon as being un-
usually strong. The Pennsylvania Rail-
road Company, the Baltimore and Ohio
Railroad Company and Western roads all
under the Morgan influence are associa-
ted, it is said, in the great movement
which promise to rival in it's import ance
the recent organizations of the United
States Steel Corporation. The plans for
the Consolidation have been going on
quietly for some months. The plan OF
action Is said to have been to first get
the minor corporations Of one State and
the individual operations into one COM
pany basis, the same as the Pittsburg
Coal Company. After this has been accom-
plished the intention was to group all the
companies and control them by parent
corporation as a stock owning company
only
"The combination of the Ohio fields is
said to have been brought into fairly
good shape. The Indiana fields and THOSE
in Illinois are also in form for the final
move as recent corporation plans there
have brought the many individual coal
interests together. In Kentucky, the plan
is still in an embryotic state, but COM
rany has been planned with capital of
$100O0,000 to take up all Of the coal mines
there. The West Virginia fields are per-
hars the most difficult to handle. owing
TO their location and varied ownerships.
1t is said that the promoters have prac-
tically abandoned the plan of including
the Pocahontas field in the general plan
for greater trust. 3