The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1911-10-03
.thattshas ever .be,ua,nr. ..unludertuken1g

one time in this country. a,
While the Consolidation Coal Com.
panyt has; been in continuous opera.
tion for "a half century, and has paid
dividends for upwards Of thirty years
the actual noteworthy development
OF the company has taken place with.
in the last eight years. "a
Incorporated in 1860 under the laws
OF Maryland, the company originally
was composed OF a, number OF proper.
ties in the Georges Creek Cumber-
land region, in this State, and its op.
erations for long period Of time
were confined to about 10000 acres.
The first years production. in 1864,
totalled 1854 tons. and the annual
output during the succeeding SO years
had grown to but 1.753,7s3 tons in
1892. MA
The company was greatly enlarged
In 1903 by the purchase of the major
| ity stock of the. Fairmont Coal Com
pany and Of the Somerset Coal Com.
pany and later the Consolidation took
in all fthe lands and stocks entire Of
its subsidiary companies in order TO
secure greater efficiency and economy
of operation, BY the acquisition OF
these properties the yearly produc-
ton was increased four.fold and II
has continued to expand until in 1910
the output reached 9,370,633 tons, or
an increase OF 437 per cent, since
1902, making the Consolidation Com.
pany one of the largest producers Of
bituminous coal in America.
The market for It's output extends
from the head OF the Great Lakes to
the northeast Atlantic seaboard, south
, as far as the Gulf Of Mexico, and west
to St. Louis, and by water transpor.
'tation 10 various points on the Pa
cffic COAST Coal is exported I'D
Canada, Mexico and the Central Amer
lean countries. Storage plants are 10
Gated at the head OF the Great Lakes
and the New England seaports. From
the port Of Baltimore, the Consollda.
ton Company has fleet Of four
ocean.going tugs, twenty ocean.going
barges land one steamer engaged in
carrying its coal to New England
ports. XXI
The Consolidation Coal Company
owns the entire capital stock Of the
Cumberland and Pennsylvania. Rail.
road, and majority Of the capital
stock of the Metropolitan Coal Com.
pany Of, Boston, Mass. The company
also owns the entire capital stocks
Of the Somerset Coal Company and
the Fairmont Coal Company, and
through the latter. owns the Clhrks-
burg Fuel Company. the Southern
: Coal and transportation company,
the Plttsburg and Fairmont Fuel
. Company, and majority OF the cap
. ital stock Of the North Western Fuel
!. Company Of St. Paul. MINI. The
above holdings aggregate s24,s71, 100
par value. !a y
Ths Consolidation Company's capt.
| tal olOSh ID PSJ,UUuIOuU uuu lto
outstanding amount to s22,5OO,08
: Dividends on the stock have been
paid without interruption during the
last 90 years, the present per cent.
rate having been established in 1906.
The securities OF this great corpora.
tion stand deservedly high in the es.
TEEN OF investors.
The Consolidation Coal Company
operates seventy bituminous coal
mines, situated in the states Of Penn.
sylvania, Maryland. West, Virginia
and Kentucky. The far.reaching I'M.
portance of its assets In natural. re.
sources may be appreciated when III
Is stated that the Elkhorn field alone
Is estimated to contain from 800, OO0..
900 to 9oO,O0O,OOO tons Of ,minable coal
and the total holdings Of the oConsol
idatlon Company are put at .2,150,I