The Birmingham age-herald., 1903-04-26

will go to the same people anyway is accepted as simple common sense The injunction as it now stands imposes no hardship and leaves the issues as they , were.
 Anthracite Coal Trust.
 A mass of evidence has been collected in support of the contention that there Is an anthracite coal trust and these facts are all to be brought out at the hearing before the interstate commerce commission now in session in New York. The belief is very general that the an- thracite coal trust is a great big fact and that it can be proved to be such. Furth- ermore that when the full truth is known officially the case against the coal trust will be stronger than that prepared against the Northern Securities Company. The dangerous feature of the investigation of the anthracite coal roads that are operated in combination is that the Reading Company. which is holding company for a number of an- thracite properties, is itself held by the Baltimore and Ohio for and in behalf of the Pennsylvania company.
 Ii is a complicated situation and if the facts developed before the interstate commerce commission compel the de- partment of justice to begin proceedings against ,the combine the consequences may be- far-reaching and vastly more disturbed than those involved in the dissolution of the Hill-Morgan combine in the northwest. For that reason every phase of the inquiry will be followed with the closest attention by Wall Street interests
 Opposition to Schwab Died.
 The opposition to Charles M Schwab, president of the steel trust died without flicker when it came to a showdown. The faction in the directorate which had been venomousy attacking him from ambush for more than a year did not dare show it's head at the annual meet ing of the stockholders and there Is slight probability that 1t will make itself openly manifest again for some time. For time it seemed as though the conspiracy must triumph for it was as- sured of at least the tacit backing of the Morgan interest which dominates the affairs of the corporation. When 1t be- came evident, however, that MT. Schwab was not to be set aside without fight the decision was arrived at that it would be the better policy to let him alone. MT. Carnegie made 1t bluntly evident that he was still back of MT. Schwab and he would resent the retirement of the man who represented his interests. That was really what turned the scale, for although Mir. Carnegie is not as active as he once was there is living force in $3O0, ,000,0 900 of concentrated cap ftal which might be yielded as a club.
 Mir. Schwabs powers are not even cur tailed, as was threatened in the event of his retention. From motives of self-in- terest affecting his health MT. Schwab will of his own motion throw the burden of a large part of the work upon the shoulders of his associates and subordi- mates, but he will still be the operative head of the giant trust Not more than week before the annual meeting MT. Schwab's opponents boasted that they had his scalp and that they would he strong enough to retire him. Their dis comfture occurred in an hour and they slunk from sight, not to reappear.
 j. J. Hill Defiant.
 J. J. Hill continues stubbornly defiant in the face of the court mandate order ing the dissolution of his Northern &c.,