After giving some pertinent figures regarding the productiveness of the
coal region—alluded to in an opening chapter of this work—the President
went on to state that, at the end of the year, while the Schuylkill had
only increased, in 1870, to four millions eight hundred and fifty-one
thousand eight hundred and fifty-five tons, or twenty-nine per cent., in
the same time the Wyoming region increased from two millions nine
hundred and forty-one thousand eight hundred and seventeen tons, to
seven millions eight hundred and twenty-five thousand one hundred and
twenty-eight tons, or one hundred and sixty per cent. Here was an
increase of one hundred and sixty-six per cent., against twenty-nine,
due to the fact that the Wyoming region was controlled by large
corporations which could expend money in developing the lands, and who
were not liable to be prostrated by a monetary panic.
In the four years, from 1870 to 1874, the tonnage of the Schuylkill
region has increased thirty-three and twenty-three one-hundredths per
cent., and that of the Wyoming only eighteen and one one-hundredth per
cent.
The peculiar business transactions of factors in Philadelphia were then
ably discussed, and received at Mr. Gowen’s hands the exact treatment
they deserved, when he turned his attention to the retail dealers, and
some of the iniquities of their system, after which he examined,
_seriatim_, the four principal charges made against the Company, in the
following order: 1st, of detention of cars; 2d, of short weights, 3d, of
an unfair distribution of cars; and 4th, of a combination, or
conspiracy, to control production, which, if proven, renders it amenable
to the law, and which shows it to have been guilty of an abuse of its
corporate franchises.
As to detention of cars, Mr. Gowen explained the cause to be
unavoidable, at times, but said the Company always endeavored to deal
justly by its patrons. Detentions were principally from accidents to
trains and to cars. They employed a Missing Coal Agent, and did
everything in their power to be prompt.
The speaker made a complete demurrer to the charge of short weight, and
fairly turned the tables upon those fighting his corporation, exhibiting
the result of a test given the retail dealers in Philadelphia, greatly
to the discredit of the latter. In many cases these very honorable
retailers sold from thirteen to sixteen and eighteen hundred pounds of
coal for a ton, annually realizing a handsome percentage from their
villainy.
Public-domain text, read in full here on John Shaqi.
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