The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-05-27
Indiana, Illinois, Ohio and the Pitts
burg District Operators to Work
in Harmony Hereafter.
WILL BE NO FIGHT ON LABOR
INDIANA COMPANY TO BE CAPITAL
lied AT TEN MILLIONS.
Fresh Complications In the window
Horticulture Society Formed.

Special to the Indianapolis Journal
TERRE HAUTE, Ind, May 26-At the
meeting OF Illinois coal operators in Chi
cago on Tuesday. with representatives from
the proposed Indiana trust company pres
ent. the first formal step will be taken 10
establish an alliance or "a community OF
interests" OF the industry in Illinois, In
diana, Ohio and the Pittsburg district. AT
the meeting held here last night OF the
committee having in charge the formation
of the Indiana company reports were re-
ceived that gave encouragement not only
as TO the success of the movement in this
State for centralized ownership and con-
troll, but to the forwardness OF the
movement in Illinois. The Pittsburg and
Ohio districts have been respectively con-
solidated for some months in big COM
panies. 1t was also reported that the rail-
road companies which carry the coal OF tho
four districts to the Chicago market had
been consulted, and that there was an un-
doubted desire on their part that the in
dustry be transferred TO practically one
ownership.
The Indiana company is to be incor-
porated under the laws of this State. not
withstanding the Incorporation fee will
amount to $4,000 or $1,000 on the sl0.00o.0oo
or $l2,0O0,000 capital stock, whereas in New
Jersey the cost would be only a few hun
dred dollars. The headquarters of the COM
pany will be in Terre Haute- Mr.. John S.
Bays, a lawyer, OF Sullivan, who has
charge of the work OF securing the options
en- the properties, says he has not met
with refusal, and that already perhaps
half OF the larger owners have completed
their inventories and handed i'm their op-
ton offer 10 sell their property The op-
tons run until August. They are made
out to ]. Smith Talley, president Of the
Indiana Operators Association; A. NJ Ogle.
the indianapolis operator, and John y
now, it is said, is the possible demand OF
some operators for too big price for
their mines. but the adjustment OF the diff
Eculties, such as this, will be left largely
finance the enterprise. Ii is said by a
member OF the committee. that several
companies want to take charge of the
finances. The one that does finance the
company naturally will want 10 go over
the inventories carefully. TO the end that
the properties on which it will float tho
bonds may not be put in at too high a fg-
ure. The option price is TO be a cash price.
but it is thought TO be more than prob
able that most of the operators will take
half cash and half stock in the company.
Ii is said by the promoters OF the COM
pany that there is no foundation for tbs
story that one purpose in forming the COM
pany is 10 fight the United Mine Workers.
On the contrary, the company will be glad
to deal with the United Mine Workers.
and President Van Horn, OF the United
Mine Workers. says his organization is
glad the trust is being formed. because ft
will be more satisfactory TO deal with the
one company than with many individual
operators. President Talley says the min
ers' organization has come To be power
because IL has been acting on good prin-
ciples and with conservatism, and that IL is
relief TO the operators 10 have such an
organization 10 deal with in the settlement
arise from time to time over wages ami
labor conditions.