The age-herald., 1901-09-04
COAL. COMPANIES
 WILL BE COMBINED PIerpont Morgan Has Another Great Trust Under Way OVER $2OO,0OO,OOO CAPITAL Will Embrace All the 6ituminous Coal Mines In Ohio, Illinois, Indiana
 and Kentucky-other Regions
 Will Be Affected.

Pittsburg, September 3-The Post tomor- row will say;
 "An the bituminous coal mining com panies of Ohio, Pennsylvania, Indiana, Illinois, West Virginia and Kentucky are to be consolidated into one great corpora ton by the J. P. Morgan syndicate. The enormous proportions of this corporation can hardly be realized. The fact that the Pittsburg Coal Company, with its capi- tai of $64,OOO,OOO, and the Monongahela River Consolidated Coal and Coke Com pany, with its capital of $3O, 100000, are to be included in the greater consolidation brings the matter strongly before Pitts burg coal operators These two corpora tions practically control all the output in the Pittsburg district and extend their operations we'll down toward West Vir- glnia in two directions. Officers of these companies are expecting to attend a meet ing of the coal operators in New York on Thursday of next week, at which the pre- liminary steps toward the formation of the greater combine will be taken.
 Many Interests To Be Represented.
 The many interests to be represented from the Pennsylvania fields will be from ! the Rerwind-White Company, the New Fairmont Coal Company, and a large number of smaller corporations of this kind. Still other interests to be repre- sen.ed will be from Ohio, Indiana, Illinois, West Virginia and Kentucky, where for the past two months movements have been on foot for the consolidation of the coal interests of these States into State corporations for those particular fields. The railroads are also taking a keen in- terest in the project and owing to the Morgan interests predominating in that field the consolidation is looked upon as being unusually strong,
 In Kentucky the plan is still in an em- bryotie state, but a company has been planned with capital of s10,000, GOO to take up all the coal mines there. The West Virginia fields are perhaps the most diff fcult to handle owing to their location and varied ownerships. It is said that the promoters have practically abandoned the plan of including the Pocahontas field In the general plan for the greater trust. MT Bacon, one of the active part flers of Mir. Morgan, spent several weeks in Virginia, during the past summer and earlyslast spring getting options on much coal property. The total holdings in that state are said to be very large, and aside from the Pocahontas fields and that por- ton in the Flat Top region, embrace about all available lands and much that will be held in reserve for years.
 The completion of, this great project will mean the consolidation of from goo 0OO 900 to $500 000, 600 of invested capital This will represent not only the unde- veioped properties in the said states, but also the actual coal properties under de- velopment. There are millions of acres of coal lands that the greater-trust will hold In reserve for future use, while its present working properties will be suf- ficient for vast increase in the deyel- opment of the coal trade. not only in this country, but in the South American countries and. In Europe.