The Montgomery advertiser., 1901-09-04
J. P. MORGAN IS BEHNDIT
Represents Between $200,-
 900, 1000 and $500, 900, 900
Railroads are Interested, Thus Civ ing Extraordinary Strength to
 the Scheme-Plans for the
 Great Consolidation.
pittsburg. Pa. Sept. s.-rhe Post to-

Pittsburg. Pa. Sept. 3.-The Post to- morrow will say: . ...-
 All the btuminous coal mining com panies of Pennsylvania, Ohio, Indiana, Illinois, West Virginia and Kentucky are to be consolidated into one great corpor- alton by the J. P. Morgan syndicate. The enormous proportions of this cor poration can hardly be realized. The fact that the Pittsburg Coal Company, with its capital of s64, 900. and the Mo-
 nongshela River Consolidated Coal and Coke Company with its capital of sSe.- l O0o,000 are to be included in the greater ! consolidation. brings the matter strongly
 before Pittsburg coal operators. These two corporations practically control all the output in the Pittsburg district and extend their operations well. down to- ward West Virginia in two directions. Officers of this company are expecting to attend a meeting of the coal operators in New York on Thursday of next week. at which the preliminary steps toward the formation of the greater combine
 Other interests that will be represent ed from the Pennsylvania fields will De from the Berwin- White Company. the new Fairmont Coal Company, and a large number of smaller corporations of this kind. Stilf other interests to be represented will be from Ohio, Indiana, Illinois, West Virginia and Kentucky. where for the past two months move ments have been on foot for the con solidation 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 predominating in that as being unusually strong. The Pennsyl- vania Railroad Company, the Baltimore | and Ohio Railroad Company. and western roads under the Morgan. Influence. arc | associated, 1t Is said, tn the great move- | rnert, which promises. to rival In Its im- | portance, the recent organization Of the l United States Steel Corporation. The I plan of action is said to have been td ! first get the minor corporations of one t State and all the individual operators
 as well into one company, cor on .s.,,s the samt Is, basis as the PittsEurg Coai CSnpans. al | intention was to group all the companies | and control them by parent corpora
 ton as a stock company only. 4. | said to have been brought into fairly
 good shape. The Indiana fields and those | in Illinois arc also in form for the ma | move, as recent corporation plans thert | have brought the many individual coa 1 interests together. In Kentucky the plar
 is still in an embryonic state. but com, pany has been planned with capital oi $10, ,000,000 to take up all the coal mines
 The West Virginia fields are perhaps
 the most difficult to handle. owing to theil
 location and varied ownership lt is saic
 that the promoters have practically eban' doned the plan of including the Pccahon'
 tas field In the general plan for thu | greater trust.
 MT. Bacon, one of the active partner.
 of Mir. Morgan, has been spending severa
 weeks in West Virginia during the pas
 summer and early spring, getting options
 on much coal property. The total hold ings in that State are said to be yer,
 large, and aside from the PoeahontaI
 fields and that portion in the Flat To- region, embrace about all 9vailaDle landl and much that will be held in reserve foi | years. .. ,,
 The completion of this great project VII
 mean the consolidation of from $2CO0olGgy to S3O0 OOO 0C0 of invested capital. This VII
 represent not only, the undeveloped prop | critics In the six States, but also the act
 uaI coal properties under development I There are millions of acres of coal landi
 that the greater trust will hold in re
 serve for future use, while Its presen
 working properties will be sufficient fo | A vast Increase in the development or th'
 coal trade. not only in this country, bu
 in the South American countries ana II | EurODe,