Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-09-04
Dr.. MORGAN PLANNING
GIGANTIC COAL TRUST.
ALL THE BITuMINous PROPERTIES
IN sIN STATES no NE IN
CLtDED.
COVERS ALL WEST VIRGINIA
EXCEPT POSSIBLY THE FLAT TOR
AND POCAHoNTAS
FIELDS.

PTTTSBURG, Pa, September g.
The Post tomorrow will say
"All the bitumsnous coal mining
companies of Pennsylvania. Ohio, In
diana. Illinois. West Virginia and Ken
lucky are to be consolidated into
great corporation by the j. p. Morgan
syndicate.
THE enormous proportions of this
corporation car hardly be realized.
"The fact that the Phttsburg Coal
Company, with It's capital of SEA ,000, 900.
and the Monongahela River Console
died Coal and Coke Company. with Its
capital OF $50, 900. 900. are to be included
In the greater consolidation. brings the
matter strongly before ptttsburg coal
operators.
These competitions control the output
in the Pittsburg district and extend
their operations we'll down toward West
Virginia in two directions. A meeting
Of coal operators will be held in New
York Thursday Of next week.
Other interests included are the Ber-
wind White Company. the new Fair
mont Coal Company and a large num-
Der of smaller corporations of this
kind. Still other interests to be re-
presented will be from Ohio, Indiana.
Illinois, kentucky and West Virginia,
..fIx ,., 1a.rtvx Tho nazf fANy nnnthG
movements have beer 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 interests predominating In
the field, the, consolidation is looked
upon as being unusually strong.
"The Pennsylvania Railroad Com
pany, the Baltimore g. Ohio Railroad
Company and western reads, all under
the Morgan influence, are associated IN
the great movement which promises to
rival In its Importance. the recent Or
ii,ssN ization of the United States Steel
Vi. poration. The plans for the %consol-
idation have been going on quietly for
months. The plan has been to get the
minor corporations of one State and all
the Individual operators into n COM
pahy on the same basis as the Pitts
burg Coal Company. After this the in
tention was to group all the companies
and control them by a parent corpora
ton.
1.-THE combination Of the Ohio fields
is in good shape. Indiana and Illinois
are ready for the final move. In Ken
lucky the plan is still embryonic but a
company Is planned to take all the
mines. The West Virginia fields are
most difficult to handle. owing to lcca-
ton and varied ownership. The pro-
moters have abandoned the Pocahontas
field. Mr.. Bacon, of the Morgan firm.
has spent several weeks In West Nir-
ginia getting options. including unde-
veloped coal land. The total holdings
are very large, and aside from the Po-
cahontas and Flat Top fields, embrace
about all available lands, and a large
~undeveloped reserve.
1.-THE completion of this great pro-
ject will mean the consolidation OF
from 5000, GOO, 900 to $500. 900. 900 Of in
vested capital. This will represent not
only the ~undeveloped properties IN the
six States, but also the actual coal prop
critics under development.
Millions of acres will be held in re-
serve for the future while its present
working properties will be sufficient
for a vast Increase in the development
of the coal trade, not only in this coun-
try, but in the South American coun-
tries and in Europe.