The Topeka state journal., 1902-08-13
KANSAS MINES.
81 100000 Concern to Capture
Industries in Southwest.
Members of Rock Island Clique
After Coal Interests.
A HOLDING COMPANY.
j. j. Helm of Kansas City to
Negotiate Kansas Deals.
Will Not Include Mount Carmel
Coal Company.
4 HOLDING COMPANY.


representing the Denver and Rio
Grande, and Edwin Hawley. represent
ing the Colorado & Southern, are slated
to enter the directory of the colorado
Fuel and Iron company. II. at the an
nual meeting August 20. it is found that
.Iohn w. Gates and his followers are In
control.
The probable entry of Mr.. Gould into
this ironstrial corporation gives color
to the reports current here for the last
few days that he is planning an indus
trial &C Inbination in addition to mold
roads similar to the Northern Securities
company.
The Wall Street Journal says:
''TEere have been reports recently
thar the plans for a com b1nat1on or
Gould reads in the southwest were far
along, e;id after decision in the North
ern Securities case. if that were favor
eble developments might be rapid. Ono
statement in support of this view mas
heen that q Southwestern Securities
company has been formed and olauS
made for TIE printing of the stock Ger
tif5careS.
1--WE do not know how far along the
Southwestern railroad combination may
be. but ale able to say that the secmI-
ties company. while a fact. is not ar
ranged Tor railroad combination. out
for the purpose of taking in a cons1d-
erable, number of industrial concerns N
the Southwest. Lawyers identified with
Gould have been employed in this mat
ter, and this has helped the railway
combination rumor. The fact is that the
scheme has no bearing whatever on
Gould or other railway companies. but
relates to industrials-
1t is not improbable that the indus
trial combinatio limited at above re-
are located in territory traversed by
the Gould lines and Rock Island, IN
which Gates is deeply interested. Only
recently Gates purchased a large IN
terest in the Weaver Coal company.
and it is now said that he and other
members of the Rock Island clique are
buying the stock of the Central Coal
and Coke company of Kansas, Missouri.
Arkansas, etc, and it is understood IN
financial circles that another S7,OO0,OO0
concern is being formed to take inde-
pendent coal properties in Missouri,
Kansas and Arkansas. j. j. Helm OF
Kansas City is understood to be in this
deal, with the particular duty of arrang-
ing for the Kansas mines to be taken
in. TIE Missouri mines are to be look
ed after by another man, and the Ar
kansas properties by still another. 1t
is understood that the details are to be
made public this fall
One of the arguments reported to
have been used in the attempt to get
the independent operators into the new
81 600, 900 combine was that the combina-
pany had been successfully consum-
mated. Since the Missouri, Kansas and
Texas Coal company was merged into
the Central Coal and Coke company it
has ranked with the Colorado Fuel and
Iron company, as the greatest west of
the Mississippi river.
The Colorado Fuel and Iron company
is being bought openly by. the Gates
awley-Moore interests for control.
Should they get with it the Central Coal
need to take in the independent COM
panies provided for by the $7,000,00c
concern to be masters of the coal situa-
tion in their territory.
The Colorado Fuel and Iron company
has the leases on the Santa Fe lands in
the west, the same as the Mount GARNER
Coal company of Topeka has the leases
on the Santa Fe lands and coal inter-
ests along the eastern lines of the road.
i reporter for the State Journal called
tc see J. c. Devlin. of the Mount Car
mel Coal company, at his office in To-
reka today, but found him absent from
the city Col. J. d. Norton said:
L will not be surprised to learn of
sucl. a deal being made. Such plans are
no 0oubt under consideration and will
undoubtedly many plans for the de-
velopment of the industries of the
southwest now on foot.
81 hardly think such an organization
would 1n1ure the interests IN kansas,
Mr.. Norton continued. 1T would no
doubt be a help for our company. 1t
would facilitate handling our business
lou know it would be much easier to
Geal with one large company than a
dozen small ones.
Il hardly think that the Mount Car
mel Coal company will enter into a
conbina ton with the eastern capital
ists," said Mr.. Norton in answer. to an
inquiry. .'Our interests are such that
it would perhaps not be advisable to
err ter the combination
The Missouri, Kansas and Texas Coal
company oDe4ates the coal lands along
trai Coke and Coal company operates
i'll Missouri.