Big Fuel Merger
May 22, 1909
Several major fuel companies merge, leaving them with a capitol stock of $37,650,000 control of over “200,000 acres of coal land” across several states.
The Consolidation Coal Company announced in Baltimore, Md., that negotiations had been completed for merging the Peidmont Coal Company, the Somerset Coal Company, the Pittsburg & Fairmont Fuel Company and their subsidiaries, including railroads, floating equipment and docks with the Consolidation Coal Company. The companies have a combined capitol stock of $37,650,000 and own and control 200,000 acres of coal lands in Maryland, West Virginia and Pennsylvania.
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“Big Fuel Merger,” Black Virginia: The Richmond Planet, 1894-1909, accessed December 18, 2018, https://blackvirginia.richmond.edu/items/show/1888.