Waterbury Democrat., 1901-09-04
COAL COMBINATION.
J. Pierpont Morgan Is Consolidating
 The Mining Companies.

!. Pierpont Morgan Is Consolidating
 The Mining Companies.
 Pittsburg. Pa, Sept 4.-Thc Post to- day 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. F. Morgan syndi- cate. The enormous proportions or thls corporation can hardly. be realized.
 The fact that the Pittsburg Coal Go, with it's capital of $e4,000,000 and the Monongahela River Consolidated Coal and Coke Co, with it's capital of ESQ., 100000 are to be included in the great or consolidation brings the matter strongly before Pittsburg coal opera tors. These two corporations practl- calIy control all the output in the Pitts burg district and extend their opera tions we'll down toward West Virginia in two directions Officers of these companies are expecting to attend meeting of the coal operators in New York on Thursday of next week, at which time the preliminary steps towards the formation of the greater combine will be taken.
 Other interests that will be repre- scented from the Pennsylvania fields will be from the Berwind- White Go, the Newer Fairment Coal Co, and a large Eumber of smaller corporations of this kind. Still other interests to be represented will be from Ohio, Indiana. Illinois, Kentucky and West Virginia, .1, &hc, movements have been on foot for the consolidation of the coal interests of these states into state corporations for these particular fields. The railroads are also taking a keen interest in the project and owing to the Morgan in- terests predominating in that field the consolidation is looked upon as being unusually strong. The Pennsylvania Railroad Co, the Baltimore and Ohio Railroad Co and western roads all un- der the Morgan influence are associat- ed, it is said, in the great movement which promises to rival in it's import ance, the recent organization of the United States steel corporation.
 The plans of consolidation have been going on quietly for some months. The plan of action is said to have been first to get the minor corporations of one state and all the individual opera tors as well into one company on the same basis as the Pittsburg Coal Go After this has been accomplished, the intention was to group all the com panies and control them by a parent corporation as a stock owning com pany only. 5t
 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 in- dividuaI coal interests together. In Kentucky the plan is still in an em- bryotic state, but a company has been planned with a capital of 10000, 900 to take up all the coal mines there. The West Virginia fields are perhaps the most difficult to handle owing to their location and varied ownerships
 The completion of this great project will mean the consolidation of from $2OO,O00,O00 to $3O0,0OO,000 in invested capital. This will represent not onfy the undeveloped properties in the six SAAANS D6N 6AoV hHC dNbudAI IOdl ties under development. There are nil- lions of acres of coal lands that the greater trust will hold in reserve for flu ture use while its present working pro- perties will be sufficient for a vast in crease in the development of the coal trade not only in this country, but in the South American countries and in Europe.