New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-10-05
MORGAN ORDERS COAL ABROAD
FIFTY THOUSAND TONS TO BE IMPORTED FOR DOMESTIC
FUEL USE-COLD WILL BRING DISTRESS
TO AVERT ACTUAL FAMINE.
IMPORTATION By MORGAN INTERESTS
SAID To BE ONLY \ BEGINNING.


An early supply of coal SUFFICIENT in amount
10 prevent actual famine in this city is as
sured through action lust taken by J. Pierpont
Morgan and his associates. The conference OF
the coal operators and the strikers representa-
tives with President Roosevelt having failed Of
result. the outlook for early resumption of pro
ductto1 on general scale in the anthracite
coal regions Is still apparently poor But with
a continuance of the restriction of production to
the present scanty amount and with practi-
cally prohibitive prices ruling here. the fact
is fully recognized that widespread suffering
cannot but result when the weather turns cold
must happen before long With a view TO
minimizing that suffering. arrangements have
been made by interests affiliated with the
thracite mining companies for bringing TO this
city a large amount Of foreign coal The follow
ing statement issued yesterday at the office
of ]. P Morgan & Co.;
II learned to-day that the International
Mercantile Marine Company has arranged TO
purchase in England fifty thousand tons of the
best domestic fuel coal for immediate trans
portation TO this country. Shipments of the coal
will begin at once and be hurried forward as
rapidly possible even at the sacrifice of the
companys ordinary business. if that should be
found necessary. This coal as well as more R
required will be used TO relieve any suffering
or scarcityt that may exist among the poor
In public insttutions. The truth OF this report
was officially confirmed by official of the
International Mercantile Marine Company to-
day
A leading coal interest. in speaking about the
foregoing statement. said:
This is only beginning. the statement
itself indicates The importa +ion will tend tn
keep down the price of coal am. relieve distress
generally. II necessary for keeping prices down.
the coal will, 7 understand. be sold on the docks.
1t will be landed where people can be supplied
at once. without an hour of unnecessary delay
In addition TO the promised supply from this
source, a dispatch from Washington announces
the probable early importation of one hundred
thousand tons OF anthracite from Canada.
The interposition of the International Mer-
camille Marine Company is explained by the
connection Of some of it's leading directors with
the anthracite coal industry OF the United
States Charles Steele. one OF the directors. is
member of the firm of j. P. Morgan & Co. the
head Of which has been chiefly instrumental i'm
forming the Atlantic shipping combination. Mr..
Steele is also director. representing his hrm's
interests in the Erie Railroad COmpany. the
Central Railroad of NeW-Jersey. the Lehigh
Valley Railroad Company. the Lehigh Valley
Coal Company the NewYorx susquehanna and
/ Western Railroad Company. the Philadelphia
/ and Reading Railway Company, the Philadei-
| phia and Reading Coal and Iron Company and
| the Pennsylvania Coal Company. Clement A.
| Griscom. president of the International Mer-
camille Marine Company is a director OF the
: Pennsylvania Railroad Company. F. j. Ber-
wind another director of the steamship combi-
nation. is president or director of large num-
ber of coal companies. among them the Berwind-
White Coal Mining Company, the International
Coal Company. the Ocean Coal Company. the
Virginia Iron. Coal and Coke Company and the
Alexandria Coal Company.
William W. Brauer president OF the William
W. Brauer Steamship Company. said yesterday
that there need he no coal famine in this city
for il was an easy matter to buy coal in Europe,
and that his own company had 10000 tons Of
coal In Hamburg, and considering an offer
OF 10000 tons more
This coal" he said. lis in great part Penn
sylvania stove and furnace coal carried over TO
Hamburg on our line. 1t is in our pos
session. and. IL public conditions demand IT,
shall set aside part of every vessel coming
here for coal, and can have the 1o.OOO tons and,
If necessary. the 20 900 tons offered US besides.
in the city by the end of the month. We have
already offered 2OD tons of II 10 the city at SlS
a ton. less than the market price, and the offer
Is now before the borough presidents We did
this because Of our conviction that 10 was our
duty citizens. though the present admins
tration has not treated US very we'll IL seems
TO me that so large supply OF coal as We have
got together shows the improbability of any
coal famine
steamers of the Leyiand and the White Star
lines, and perhaps some of those belonging 20
the Atlantic Transport Line. would be available
for the immediate shipment of coal Some OF
the steamers OF the Leyland Line now in Eng
lsh ports approaching them are the Gale
tons: the Victorian. sS35 tons. the Iberian.
2.99T tons; the Chicago. 6.43S tons; the
Kingstonian. 7.000 tons; the Californian. $500
/ tons. OF the White Star boats there are
the Cymric. 1851 tons; the Tauric. 5.T2S tons:
and the Georgia 1O.77T tons. or the Atlantic
Transport steamers there are the Manitou 6.S4a
/ tons; the Marquette, 6.SlS tons, and the Min
nehaha, 13,+O1 tons