Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-01-08
MIR. HANNA's SUBSIDY SCHEMES.

Subsidy schemes seem to grow on
Senator Marcus A. Hanna as thick as
fleas on a dog. The Ohio m%onopolist 5
latest reported scheme to make Uncle
Sam shell out for the benefit OF nv.
Hanna's private business ventures, has
TODD with the construction Of a-ileet
of subsidized GOLFERS to carry Ameri-
can soft coal to Europe in enormous
quantities. According to the statement
of a Washington paper, mot only
would there be a great profit in the
sale of the coal itself, but there would
be a liberal bounty, as the vessels
would come above the fifteen Knot
class with iron or steel bottoms" Mr.,
Hanna, the story continues, is at the
head of a coterie of soft coal magnatcs
who have ordered a feet of twelve col
liers of 5000 tons displacement each Oh
condition that the subsidy bill passes.
This story Mr.. Hanna unwlsely
branded as "a lie" We say unwiseiy,
because no wise man will brand The
truth as a lie, especially when the facts
are public knowledge. The Cleveland
P~laindealer, of Mr.. Hanna's own ;own,
publishes Mr.. Hanna's emphatic denial
aforementioned and in connection
Herewith the following array of undis-
puted facts. which incidentally are OF
interest to the soft coal trade:
Among the companies organized under
New Jersey charters last year was one
taking the name of the Pittsburg Coal
Co. This concern, with a capitalization
Of $64. 1000. was formed by the consol-
idation of over 100 corporations and indi-
Vidual operators. having extensive mining
properties, shipping plantsand retail stores
in Ohio, Pennsylvania and elsewhere.
Large mining and other interests held by
NJ. A. Hanna and the Hanna family were
merged in the consolidation. and the Han
mas hold a very large block of shares in
the Pittsburg Coal Co, besides being
heavily interested in iron mines. iron and
steel manufacture, steel steamers and
steel shinbuilding.
Last November, after the election and
when it was known that strong efforts
were to be made to push the ship subsidy
bill through Congress early in the SEES
sion, the Philadelphia Press. which has
been more i%nsistent than any other paper
in its advocacy of the Hanna shin suh-
sidy bill, published under flaming head
lines a special dispatch from PittsbJrg
the headquarters of the Pittsburs Coal
Co, In which the Hannas are heavily in
terested. stating that the company was
waiting the passage of the Hanna bill
TO extend its operations by going into
the shipowning business, The dispatch
sald the company was planning for the
entry OF American coal into foreign mar
kets on a magnificent scale" 1t had re-
Gently received requests for bids on ire
mendous quantities of coal from italy.
france, Germany and Austria" and
statements made by the. officials of the
,Coal company are to the effect that the
concern is almost certain to establish a
S&e OF golfers across the Atlantic next
year, either directly or by the organiza-
uon OF a subsidiary corporation or by
the purchase of some new line now in ex-
lstence. The officials of the Companv.
tne dispatch said, look forward to the
passage of the Hanna-Payne ship subsidy
OH, and say that IF this be lone Amer
lean coal will be enabled to enter the
markets Of Europe and all the world and
beat out the dearer and poorer qualities
OF the foreign coal" Mr.. j. D.. Nichol-
son, a director of the Pittsburg Coal Co.
was reported in this account to have
spent several months OF the summer in
europe investigating the foreign market.
and upon his report the COMPANY pro-
poses to act. Sin case the subsidy bill is
passed.
1t looks as if the Cleveland aiitcr
had the Hon. Marcus on the hip. The
big millionaire monupolist heggar af-
ter government boulty for himself
and associates should pc more careful
how he filings the epi.hets Gle" and
liar" around.