Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-09-03
FIRST ATTACK On
HARD COAL Trust
MCREN NOIDS MOVES AGAINST
THE ANTHRACITE COlL
tOMBIN AIION.
DISSOLUTION IS ASKED FOR
Reading Company and lis Subsidiar-
ic- Charged Nith Violating The
sherman Law,

pulIADEI pIIIA pa Sent o.
.t
'''''' IVY ''''' ''' '.'' "''"'
ana most important aiidrh on lh'
nara ''dI nus WAS begun mere 10
u"N with lhr lIHht OF 'NII SUIT l"I
! lhc dissolution OF lnr lt''uih- com
! p"nNs control Of coal m.""E ana
r"u carrying rdl'r"bdS 'h' most
/ potential combination 40 jhr amt IIa-
! cjc Holds Ihe tt1dlhS company
| WIN llS sunsIuI"IN ana "IH.u com
| paH.'s, including the central ran
! ro"d ol Ne" Jersey ana ''I'Hh OF
| their officers ana dlrerl'rI are
charged by the Federal EoNt'hil'h'
with violating both the sherman
antitrust law and the commodities
clause of the interstate commerce.
act in an attempt to monnpol 2e the
| production and transportation ~ an
| thracIte.
This combination, r'htruilhE "I
the present time 68 percent OF the
entro unmIn'd deposits OF nhiA''cNe
ana marketing ABOUT ~ per cent "I
the annual supply, Will own or con
troll in time, II not dissolved, 'hr
attorney general warns every ION
OF commercially available anthracite
known to exist.
Only One Remedy
The importance of the suit is em-
phasied with the declaration thtt III
this case 'only the law can AFFORD re-
lief II pointed out that IN almost ol-
cry other inquiry II is NJ least posi-
bic for monopoly To he broken by
the influence of fresh capital attract
ed by high proits' but against
monopoly OF nara coal the supply
Of which is limited, there can be no
such protection.
Todays suit is the second step ol
the department of justice to soINo
the hard coal trust situation slhce
the decision Of the supreme court ilSi
December cancelllnE the so-caIIeu
sixty five percent contracts ana or
dcring the dissolution of the Temple
Iron company. Inc court held the
government had talled To prove
general combination among al the
coal carrying railroads ana Ieit open
to future litigation the socaIlea mi
nor combinations of which tn" Read
ing is the most important.
Former Attorney General Wicker
sham filed eiyil suit along similar
lines and which Is now penang
against the Deleware Lackawanna Il
Western railroad company
Attorney General Mck'ynoIds now
is considering the question Of attack
ing other alleged Go'np'n"lo2s ll.., ol
coal carrying railroads ana Goa MN
ing companies, particularly the Le-
hlEh valley ana the Erl% ana ileiI
allied Goa companies 40 oeoisIoh
as to probable action has yet been
reached,
FOLLOWING corporations ana lhuI
viduals are named as deIend' nus III
the petiuoh IN equity llI'u to"hS,
Reading com paHy' Cdp''"l eA7V'-
100000; debt Sl8o,oVO'ooV'
Philadelphia ana hea9ihs railway
company capl'"I F7@'4'I''V'' "e''
S4g, ,3S5,6S2
The PhlladeIphl9 ana hcaalh8
Coal ana IRON company, 'api'al w.
OVV,VOO' depl t4'o 'o'o-'
The Central raliroad com pahy or
New Jersey, capital ozh46o'oV'' deol
S47S4S.OOO.
The Lehlgh ana MIlkesparre Coal
company; capitaI sS,ZlZ'5VV' deDl
SIT, 6,S9o,OO
The Lehigh Coal ana NaVigaton
company capltal S-o'oo "'oVi oeDI
S2l, ,4OS,0SS.
" '''''''' > N@''
pany, capital sl,5OO,OO0; debt S694,-
600.
Lehigh and Hudson River Railway
company capital Sl34oOOO; debt
S9,22S, 900.
Lehigh and New England railroad
company; capital Sl,OOO,OVO' debts
T77O,OOO.
George F, Baer, Philadelphia; Geo.
F. Baker, New YORK; Edward T.
stotesbury, Philadelphia; Henry c.
Frick, New York; Peter A. Widener'
Philadelphia, Henry A. dupont Uni
ted states senator from Delewarei
Daniel Willard, baltimore, Henry +.
Mexican and Samuel Dickson, Phil
adelphia.
individuals Responsible.
the nine lndivioual detendan's
are declared 70 ne Responsible Tor tne