The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1901-09-12
GREAT
NEW SYNDICATE
Consolidation of Bituminous Coal
Mining Companies in
the East.

PITTsBURG, September s.-The Post
tomorrow will say: All the bituminous
coal mining companies of Pennsylvania,
Ohio, Indiana. Illinois. West Virginia
and Kentucky are to be consolidated
into one great corporation by the ]. p
portions of this corporation can hardly
be realized.
The fact that the Pittsburg Coal Com
pany, with it's capital of s64, 600, 900, and
the Monongahela River Consolidated Coal
and Coke Company, with its capital of
$4,000, 600, are to be included in the
greater consolidation, brings the matter
strongly before Pittsburg coal operators.
Those two corporations practically con-
troll all the output in the Pittsburg dis
down toward West Virginia in two di-
rections. Officers of these companies are
expecting to attend a meeting of the
coal operators in New York on Thurs
nary steps toward the formation of the
greater combine win be taken.
Other interests that will be represent
ed from the Pennsylvania fields will be
the Berwind White Company, the New
Paramount Coal Company and a large
number of smaller corporations of this
ring. Still other interests to be repre-
scented will be from Ohio, Indiana, Illi-
nois West Vii ginia and Kentucky.
where for the past two months move
how fc1 fr.,- -,
dation of the coal interests of these
states into state corporations for those
particular fields.
The railroads are also taking a keen
interest in the project and owing to
the Morgan interests predominatng in
that field. the consolidation is looked
upon as being unusually strong. The
Pennsylvania Railroad Company, the
Baltimore and Ohio Railroad Company,
and western roads under the Morgan
influence are associated, 1t is said. in
the great movement. which promises to
rival in its Importance the recent organ
ization OF the United States Steel Cor
poration The plans for the consolida-
ton have been going on quietly for some
months. The plan of action is said to
have been to first get the minor corpora
tons OF one state and all the individu-
al operators as well into one company
on the same basis as the Pittsburg Coal
Company. After this has been accom-
plished, the intention was to group all
the companies and control them by a
parent corporation as a stock owning
company only
The minor organizations are now about
completed and it only remains to COM
hine them into one great corporation
The completion of this great project w II
mean the consolidation of from 500 00O,-
900 to $500, 1900 of invested capital. This
will represent not only the undeyeloped
properties in the six states, but also the
actual coal properties under development.
There are millions of acres of coal lands
that the greater trust will hold in reserve
for future use, while its present work ng
properties VIII be sufficient for a vast
increase in the development of the coal
trade, not only in this country. but in
the South American countries and in
Europe.
PHILADELPHIA, September 3.-The
North American tomorI ow will print a
story to the effect that q union of all
the electric railway and electric light
companies owned by Philadelphia capi-
talists is now under way, with excellent
prospects that the project will be carried
to a successful conclusion This combin-
alton VIII involve over 500, 000, 900.