The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-06-14
.924 CARS LOADED.
YESTE RDA AY ON
.MONONGAH DIV.
Actual Coal Loaded for the
Day Was s21
Cars.

optomism in the coal industry is
manifest today among the Fairmont
operators because yesterdays load.
ing on the Monongah division of the
Baltimore and Ohio railroad jumped
to 924 loads. This is the heaviest
loading on the division since January
z, when 941 cars were loaded.
Coal operators are beginning to
see the brighter side of the industry,
which took a big boom In the Fair
mont field this week. During the first
five days Of the week 4,365 cars were
loaded. This is an average OF $40
cars q day, which is right fair.
Yesterdays loading was only one
car lower than the average daily
load:ng-for the last six months of
last year No big price increases
have been noted as yet, but coal
tradesman are now beginning to see
plalner than ever the probability of
hign priced coal later in the yeal.
All of the coal except 26 cars were
moved yesterday. The total of un-
consigned cars today total 4S3 cars
with the &c cars added yesterday.
when it was 815 cars. One June 9,
1853 cars we're loaded east.
The western loading yesterday
was 90 cars. Three cars Of coke
were loaded yesterday all Of which
went west. %.
Thompson Holdings. Sold.
Trustees in bankruptcy of ]. ".
Thompson, Of Uniontown. on Friday
announced that they have sold all of
the assets for s5,5O0,o00 to the Pied
mont Coal Company. The sale is
contingent upon ratification by the
United States Court not later than
December 81 next. The officers of
the Piedmont company are Samuel
McClay, Pittsburgh, president, and
William T. Irwin, secretary.
The purchaser takes title to the
property, subject to all mortgages,
deeds Of trust, venders' liens and
dover charges. The purchase price
is for equities in the properties and
is to be paid in cash on delivery Of
title appointed as follows:
For equities in real estate in West
Virginia, $1,25o,000; for equities in
real estate in Pennsylvania, $780,
900: and for equity in the personal
and mixed estate, 100000. $50o,000
has been deposited with the Union
Trust Company of Pittsburg guaran-
teeing the good faith of the purchas-
er.
The conclusion OF the sale is the
result of earnest effort by the trus-
tees and their counsel, covering
nearly two years, in which they have
been materially assisted by Mr..
Thompson and his son, A. A. Thomp-
son, who have given their time and
attention almost exclusively, without
compensation other than the hope
and desire to secure as much as pos
sible for the unsecured creditors.
The failure Of Mr.. Thompson, Of
which this sale is the result, and, If
successfully consummated, the final
act In the disposition of the wreck
age of an immense fortune, which
occurred January 10, 1915, when the
First National Bank Of Uniontown,
of which he was president, closed.
Uhe failure was followed by receiv.
erships, bankruptcy proceedings
much litigation. one OF the impor-
tant incidents was the appointment
OF the creditors committee, of which
A. @. Robinson, Pittsburg banker, is
chairman. The committe, 1t is an
nounced is working in harmony with
the trustees in bankruptcy.
The holdings Of Mr.. Thompson ag-
gregated 100000 acres of coal lands,
besides other properties and securi-
ties. An appraisal, concluded June 8,
1915, gave their estimated value as
se5, ,oe0 900 Sales previously made
aggregate about $4,000. 600. The bank
paid depositors every dollar Of their
money with interest and stockhold.
ers it is said. will soon be paid
81, 500 q share, par value being 500.
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