The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1905-07-23


Incorporated under the laws Of the
state of New York with an authorized
capital of 100000. The new COM
Dany is of particular interest 10 the
western coal trade because of the
act that it is the first large merger Of
lperating interests completed wholly
n the Illinois fields in a number of
fears.
The new company will own and con
rol $4,000 acres of coal land in Saline
county, ILL.,, all Of which is under OPP
ion at present. In addition it has
ecured options on the fourteen opar
ting mines in the Harrisburg dis
riot of Illinois, and negotiations have
,een closed on part of these mines.
nd they will be taken over as soon as
he preliminary investigations have
,een completed with reference to title
md other matters which are largely
hose of detail. The new company
will be operating all of the mines now
Inder option before the end of the
present year and will have daily pro-
'uction Of between 10000 and 1900
ons of coal. or total production an
,uaily inside of the next twelve
months Of 100000 to 100000 tons
| # coal.
| Ii Is reported that the new com
| llne will establish agencies In all Of
he cities in this territory and will
| ompete with local coal dealers. II
hey are unable to buy their yards
nd business. There is no authentic
| Sronnd for such report but 1t was
yesterday said by one local dealer thar
/ e would sell out at once and start
some other kind of business, if
| 'uch a thing did happen.
The capital stock OF the new com.
ANY will be owned and controlled by
| Thomas j. O'Gara. of Chicago. one of
he prominent coal operators in the
vest. Mr.. 0'Gara, through his lieu
snants, has been quietly securing OPP
ions on coal land in Saline county
md coal properties in the Harrisburg
ield, ever since the first of the year
The coal land on which the O'Gara
| 'oal Co. has secured options in Saline
ounty comprises practically every
5orkable vein IN that field, ond tht
ew company will be in position tc
'ontroI the production and output o.
his coal, which is considered the fin
st in the west for steam or domesti,
purposes
Fourteen Mines To Be included.
n The fourteen mines on which on
ions have been taken include ever,
! operation in the Harrisburg field
a which is located in Saline county.
" All these mines are equipped will
thoroughly modern machinery 10 pro
luce coal under the most economical
conditions Of any In the world TIL,
ldest mine in the group was opene
I ess than four years ago, while mos
III II tine properties have been develoy
" ed within the past two years, whic
means that they have been opened a,
sording to the most modern ideas an
" hat they are neither worked out M
al hat the machinery IS obsolete. TIL
e act alone Is evidence " Mr.. O'Gara
wise business judgment for II insure
y he success Of the new company froI
nj the outset and means that it will h
81 ,ble to make profit in times OF kee
r. competition, when companies opera
rst ng old and worn out mines will nav
difficulty in making both ends mes
N In the matter OF paying dividends an
rs interest charges on their bonds. III
S mining conditions throughout III
s. tisld are said 10 be ideal which al,
will contribute in a large degree
or the production Of coal on an econor
III ical basis.
as Capitalization OF the Company.
en- The O'Gara Coal Co. Il capitallz,
at 100000 of which 100000
common stock and $l.0O0,00l Is pr
nd terred, FIVE per cent cumulative.
lot addition sS.000.000 five per cent bon
We have been Issued and sold principal
H.. TO New York capitalists. The inc,
pdration of this company under I
sb1 laws Of New York Is an indication
IN. ~ stability from financial stai
In point. AS a matter of fact, the
TO are other things which point IN [
Ter same direction. The coal propert
and coal which are included In I
new merger have all been bought
We actual VIOLATIONS. Where fancy pri,
icy were demanded by the former own,
lea they We're not taken on when the
al. lions We're secured until they CO.
-- he secured at right prices. and
these reasons the capitalization rel