Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1901-07-02
VAST COAL COMBINE,
BY Sept. I Will Have Gathered
In Big Bitumious Com
panies.
CAPITALIZATION TO Be LARGE.
Retail interests at Cleveland to Be
Pooled soon--SmalIer Combines
Have Been Getting Companies To-
sether-East of Mississippi.

Cleveland, July 1.-The Leader was
expected to say today.
Before the first of September all
the big companies producing bitumin.
GUS coal will have been gathered into
one organization, similar to the Unit
ed States Steel corporation. The cap
italization will be enormous, proba-
bly, second only to that of the big
steel trust
AS an auxiliary 10 this movement.
being carried on by the promoters of
one of the constituent companies of
the greater organization a complete
pool Of all of the retail soft coal IN
terests in Cleveland will be effected
within the next 10 days, for which
preliminary steps have about been
taken
From what can be learned, work
upon the big coal trust has been I'M
der way for a greater length of time
than any of the other Industrial com.
binations.
Morgan Formed Combines.
y. p. Morgan, the advocate of
coalition first started in with his coal
combinations three years ago, making
the first movements along the line of
controlling the products of the Ohio
and West Virginia fields. At that
time he obtained complete control of
the mining property in the Hooking
and Shawnee valleys, In order to
give an outlet for this coal he pur-
chased certain railroad property, and
this started the combination mania
along the line of railroad ownership
which has gone To extraordinary
lengths.
The. proceedings in the present com
bination are similar to those display
ed in the formation of the steel trust.
One year ago all of the coal proper.
ties in the pittsburg district which
ship coal to the lakes. were collected
into one organization, known as the
Pittsburg Coal company. About that
same time the same interests which
ship coal from that territory down the
river formed what has since been
known as the Monongahela Coal com
pany, each being combination of
smaller companies. making an organi-
cation Of considerable Importance
The desire to control other coal terri
tory in the same fashion that the
larger companies might be easier
handled by Mr.. Morgan. has led 20
the selection in certain sections OF
confidential agents. AS an outgrowth
or this policy an organization was
completed in Chicago 10 days ago
known as the Illinois Coal company.
which owns two-thirds OF all of the
coal land in Illinois and Western In
diana. About the same time II be-
came generally known that M. A.
Hanna and others in this territory
had about completed the absorption
or most OF the coal properties In the
Massliion district. This expected to
DO completed in the next 10 days.
Inc West Virginia coal production Is
virtually owned by one company, the
Fairmont Coal company, which ia
turn u the property Of the Baltimore
and Ohio railroad. The other inter
ests in the territory are all owned by
me Norfolk and Western railroad the
chesapeake and Ohio railroad, or the
Pennsylvania railroad, all OF which
the Baltimore and Ohio now form
practically one big railroad organiza-
ton, being owned by one company
Now the Illinois Coal company the
Pittsburg Coal company, the Monon-
gahela Coal company, the Fairmount
SOest NVAhPtSsayt tAit l1OGhtuB 1Odi COIll-
pany and the MassilIon Coal company
are all to be collected into one big
organization, the name OF which has
not been selected. All of these will
be operated from one general office
with, however, auxiliary offices in
the immediate vicinity Of the prop
erty and with one general lake ship
ping office In Cleveland. In this COM
blnation 1T Is expected that the Pitts
burg Coal company shall be the CEN
trail figure around which the others
are grouped.
Also Coal Docks and Loading Plants.
Along with this organization will
go also the coal docks and fast load.
ing plants that are now owned by the
various coal companies, which shall
hereafter make a part OF the big or
ganization. This will include those
which are located along Lake Erie
and also on the upper lake ports.
The aim of all this is to effect
complete monopoly Of the bituminous
coal production in the territory east
Of the Mississippi and north of the
Ohio and Potomac. To the accomp-
lishment of this end Mr. Morgan Is
said to have given himself without re-
serve and will take 1t up as soon as
he returns from Europe"