Rensselaer Journal, Volume 10, Number 48, Rensselaer, Jasper County, 9 May 1901 — To Control Big Coal Mines. [ARTICLE]

To Control Big Coal Mines.

From an authority which seems indsputable there comes the information to Athens, 0., that almost the entire coal industry of the Hocking and Sunday Creek valleys will come under the management of the gigantic combination of capital of which J. P. Morgan is the head. According to the information it is the intention of the syndicate to get control of all the mines now in operation and to secure as many acres as possible of undeveloped coal lands. This deal will practically include all the coal lands and mines in the three counties of Athens, Perry and Hocking. Conservatively estimating the amount of the deal it can be approximately placed at from $7,000,000 to $10,000,000. The total daily output of all the mines in the three counties when they are operated at their full capacity is conservatively placed at 30,000 tons.