The Anthracite Coal Combination in the United States

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Excerpt from The Anthracite Coal Combination in the United States: With Some Account of the Early Development of the Anthracite IndustryThis book is a study of the combination movement in the anthracite coal industry. It presents an historical narrative of the beginnings and the growth of the industry, chronicles in considerable detail the facts relating to the development of the combination and its control of the business, and describes the attempts of the Government to dissolve the combination. This combination controlling the anthracite coal trade is found to be a combination of railroads, owning either directly, or indirectly through subsidiary coal companies, substantially the entire area of the anthracite coal deposits of the United States. A wide range of problems, therefore, is suggested, - problems relating to railroad control and to the ownership of natural resources, as well as those involved in the trust movement proper. This detailed study of the facts connected with a particular combination has impressed me with the complexity of the trust problem - a problem which for many years has been before the courts and the lawmaking bodies of the United States. In the anthracite industry this problem appears to be peculiarly complex because of the ownership of the coal lands by public carriers. I, therefore, deem myself fortunate in having had the benefit of many suggestions, the manuscript of the book having been read by several professors distinguished in economic science, and by various men of affairs, including a lawyer associated with the anthracite carriers, and a railroad man who has had years of experience as an operating official of one of the anthracite railroads.To Professor W. Z. Ripley, under whom this study was originally undertaken as a thesis for the degree of Doctor of Philosophy at Harvard University, acknowledgment is made for constant encouragement and guidance.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.