Big Fuel Merger

May 22, 1909

Summary

Several major fuel companies merge, leaving them with a capitol stock of $37,650,000 control of over ā€œ200,000 acres of coal landā€ across several states.

Transcription

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.
About this article

Location on Page

Lower Right Quadrant

Contributed By

Alan Banuchi

Citation

“Big Fuel Merger,” Black Virginia: The Richmond Planet, 1894-1909, accessed October 16, 2018, https://blackvirginia.richmond.edu/items/show/1888.