The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-07-02
TRUST TRUST n SOFT COAL COAL
NEXT CONSOLIDATION TO WHICH
TRUST BUILDER MORGAN WILL
TURN HIS HAND
THE START Is ALREADY MADE
Smaller Owners Have Been Bought
Out by Larger Ones, and Huge
Coalition Is of the Imme-
diate Future

CLEVELAND, Ohio, July 1.-The Lead
er tomorrow will say:
Before the LIST of September all of the
big companies producing bituminous coal
will have been gathered into one organ
ization, similar to the United States Steel
corporation The capitalization will he
enormous, probably second only to that
of the big steel trust.
AS an auxiliary to this movement be-
ing carried on by the promoters of one
Of the constituent companies of the
greater Organization, complete pool of
all the bituminous coal interests in
Cleveland will be effected Vithin the next
ten days, for which preliminary steps
have about been taken. From what can
be learned, work upon the big coal trust
has been under way for greater length
of time than any Of the other industrial
combinations ]. p. Morgan, the adj
vocate of coalition, first started in with
his coal combination 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 purchased certain
railroad properties, and this started the
combination mania along the line of rail-
road ownership, which has gone to eX-
traordinary lengths.
1.-THE proceedings In the present COM
bination are similar to those displayed
in the formation of the steel trust. One
year ago all of the coal properties in the
Pittsburg district which ship coal to the
lakes, were collected into one organiza-
ton, known as the Pittsburg Coal COM
pany. About the same time the same
interests which ship coal from that ter
ritory down the river formed what has
since been known as the Monongahela
Coal company, each being a combination
of smaller companies, making an or
ganizaton of considerable Importance.
The desire to control other coal terri
tories in the same fashion that the larg-
er companies might be easier handled
by Mr. Morgan, has led to the selection
in certain sections of confidential agents.
GATHERS EN- IN.
"As an outgrowth Of this policy an or
ganization was completed In Chicago ten
days ago known as the Illinois Coal COM
pany, which owns two-thirds of all of
the coal lands in Illinois and Western
Indiana. About the same time 1t be-
came generally known that M. A. Hanna
and others in this territory had about
completed the absorption of most of the
coal properties in the Massillon district.
This Is expected to be completed in the
next ten days. The West Virginia coal
production is virtually owned by one
company, the Fairmount Coal company
which in turn Is the property OF the
Baltimore & Ohio railroad. The other in
terests in the territory are allowed by
the Norfolk & Western railroad, the
Chesapeake e Ohio railroad. or the
FcansYlva' rlilr' mi all or Which, with
the Baltimore & Ohio now form prac-
tically one big railroad organization. be-
Ing owned BY one company. Now the
Illinois Coal company, the Pittsburg
company, the Monongahela Coal com
papy, the Fairmount Coal company. the
Hooking Haley Coal company and the
Massillon Coal company are all to be
collected into one Dig 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
property, and one general lake ship
ping office IL Cleveland In this COM
bination 1t Is expected that the Pitts
burg Coal company shall be the central
figure around which the others are
grouped.
along with this organization will go
also the coal docks and fast-loading
plants that are owned by the various
coal companies, which shall hereafter
make a part of the big organization.
This will include those which are located
along Lake Erie and also on the upper
lake ports.
1.-THE aim Of all of this is to effect a
complete monopoly of the bituminous
coal production in the territory east OF
the Mississippi and north Of the Ohio
and Potomac. To the accomplishment
Of this end Mr.. Morgan is said 20 have
given himself without reserve and will
take 1t up as soon as he returns from
Europe"