Democratic Sentinel, Volume 17, Number 2, Rensselaer, Jasper County, 27 January 1893 — BIG COAL FIELDS BOUGHT. [ARTICLE]

BIG COAL FIELDS BOUGHT.

The Reading In a Deal for the Control of Nova Scotia Mine*. It Is stated on good authority that the coal magnates of Pennsylvania, acting with the Canadian Pacific Pallway, have about concluded a deal by which almost the entire coal-fields of Nova Scotia are to pass under their control. The combine, It is said, has over $17,000,000 to invest in the projeot. The Nova Scotia Legislature has been called to meet to ratify the bargain. A well-known financier says of the scheme: “This consolidation of Nova Scotia mining companies is the outcome of the combination of the anthracite coal carriers in February, 1892, and the anthracite men are believed to be backing this deal to protect themselves against the competition of Nova Bcotia coal in the event of the abolition of coal duties.