The Hartford republican. (Hartford, Ky.) 18??-1926, 1913-01-24
PLAN GIANT
COAL Merger
Ohio County Mines Figure
In The Deal.
Millions Of Dollars Involved And
Options Are Being
Secured.

/ GreanviEle. Ky, Jan. ia d.al o.
/ great Importance to the coal opor l.
tors OF Westom KerstuclSy, and pg'-
tirularly those of uElenberg AMI OhLo
Counties Is on now and r,npmisss 30 be
CARRIED TO a successful conclusion with
in the next few days. The prcposttio1
1 Is the purchase aNld consolidation Of
all of the mines in Ohio and Murlan-
| berg Counties.
| Daniel OLuffiel ami L. l.. Denlam
! Coleman du Pant, the miniorasre pewder
working with $. ]. Gsh, papipaliSt
of Central City, to effect this nom
bination.
The n5jspt Of the ssfarts Of qiase
mon is to organize the 81 mines in tile
two onunttes into one giglntc COMO a.
ton TO he known as the du Pont Coal
Company after which first ns,rtglse
bonds will be issued on the p,cparty,
for the endpe cost of t'ge dtf.reut
pr,perties ami tine du rrnt Coal Oon-
pany viii pay for the different proper
ties with these first nvonteiage lonIs
which will bear per cent intsnes,
The du Point Coal Company will than
issue stock to tlGe same amount Of the
bonds and will give the sailing pparatc~s
10 pT as1t of the stock and tietain the
remaining 60 per cent of the stock %
as To he able to control the oonpo a'ion.
nne stock part of ahe DIAL will be given
to ufpe operators as bonus, the prop
critics being pWrohased with tle first
mortgage homls.
There are twenty-five working minis
in MUhlanherg County and seven In
Ohio County, making aIlrty1two in all
and the pramotels claim 10 haze opti Dns
on eighteen of the mines and are very
Confident of securing options on tile
remainder.
The du Pont Coal Company, IL the
deal go-s Through will operate the entire
block of mines through one eRe~al
manag ,mant and ONE gsnenal office. the
gen mad office of the company In all
probability being locaaed in Central
City The Organization of the 'cons,e m
is being patterned after ahe ,du Popt
Powder Company, commonly rskerred
TO as tse 'nowdcr Tuust." This coin-
pany if it Is organized will be able 10
control the greater portion of tie output
Of Western Kentucky coal aus for the
last two wears and for perhaps lonser
MUhienberg County has mined mo.e
coal than any othar county In the
STATE. ... ii.-,-.
1t Is thought that a e1-at many of
the general managers of the companies
en'ering ,the combination would be re-
tainsd by tine du Pont Coal Company.
but as for tine Officers of tfse new cor
pcrad.m it is Thought that the new
aarnyany would select them, not neel-
sa!fly from this field, br they would IN
all Rlooa,bility be selected from dtffer-
ent parts Of the country, and wouil,
of course, be selected for thar knowi-
edge and efficiency. as effcisncy APP
paaIs to be the chief argument for 0he
ooniolidation. What the policy Of tile
new company would be toward ureiin-
lied labor Is not known, but aus all OF
the miners of the TWO counties III
waived ane organized, it lis supposed lrat
they would Esmain 50.
Several millbn do,iars are involved IN
the daal, and If 1t is cInsmnmated
1t will rapiiessnt, passibly, the largest
tnahlfsr OF property in WAstrm Ken
lucky at any time. Whether elne or
ganiz ipion would he of benefit to the
people genslally of the TWO oomtes
and to the public is "a question.