coal trade bulletin - Clpdigital.org

SUNSHINE PLANTS WILL BE
SOLD TO SATISFY BONDMEN.
Efforts to reorganize the Sunshine Coal & Coke
Co. to prevent a sale of the properties has failed
and announcement was made following a meeting
of the bondholders in Uniontown, Pa., April 7,
that the properties of tbe company will be disposed
of at public sale to pay off the outstanding
bonds aggregating $779,000.
Dates have been set for the sale of the tyvo
largest plants. The Cyrilla works will be put on
the block on May 9 ancl the Francis No. 1 plant
on May 16. The Cyrilla plant, at Lynn station,
has 140 ovens and 160 acres of coal yet to be
mined. The Francis No. 1 plant at Martin has
240 ovens and about 120 acres of coal.
Tbe coal has practically all been worked out
at the plants other than the Francis No. 1 plant
ancl the Cyrilla plant. These other plants include
the Chester plant on the Monongahela division
of the Pennsylvania railroad near Vance's
Mills, composed of 54 ovens; the Eleanor plant on
the Monongahela railroad near Low Phos, composed
of 132 ovens; the Francis No. 2 plant on the
Pennsylvania railroad near Newcomer, composed
of 50 ovens; the Hill Top plant on tbe Pennsylvania
railroad near Newcomer, composed of 52
ovens; and the Rose plant on the Baltimore &
Ohio railroad near Bourne of 86 ovens.
The bond issue of the Sunshine Coal & Coke Co.
yvas authorized on July 1, 1912. The issue
amounted to $1,000,000, of which $779,000 was
sold and is now in the hands of individuals or
held by banks as collateral for bans. Of the
issue, $221,000 is being held by the Fayette Title
& Trust Co. of Uniontown for the benefit of the
Sunshine Coal & Coke Co.
Several attempts have been made to reach some
basis whereby the company could be reorganized,
but no plan could be agreed upon. At the bondholders'
meeting Attorney A. P. Austin, president
of the Fayette Title & Trust Co., the trustees of
the company, presided. Among the bondholders
and their representatives present were: Attorney
Paul Gaither of Greensburg, representing the St.
Benedictine Society of Greensburg; Attorney Edward
C. Higbee, representing the Soisson interests
of Connellsville; J. L. Keener, vice president
of the Farmers & Merchants aBnk of Morgantown,
XV. Va.; J. Howard Kelly of Monessen, treasurer
of the Monessen Savings & Trust Co.: Frank Peabody
of Pittsburgh, representing the American
Steel Co.; A. B. Egolf of Bedford, Pa.: E. R.
Floto, treasurer of the Yough Trust Co. of Connellsville;
Harmon M. Kephart of Connellsville;
Isaac Cover and Joseph C. Cover of Masontown;
William Waggle of Smithfield and D. S. Riley of
Broyvnsville.
THE COAL TRADE BULLETIN. 35
ELECTRICAL ENGINEERS HOLD
SESSIONS IN PITTSBURGH.
The American Institute of Electrical Engineers
held its spring meeting in Pittsburgh, April 9 and
lo. The sessions were Held at the Ft. Pitt hotel,
and yvere attended by a large number of delegates
from the bituminous mining section.
The papers and the discussions were all confined
to the uses of electricity in the bituminous
mines of the country.
Mr. Wilfred Sykes, chairman of tlie institute
committee in charge of the program, presided at
the sessions.
The morning session of April 9 was taken up
with tyvo papers—"The Regulation of Electrical
Installations in Mines," by Chairman Sykes, and
"Mine Duty Controllers," by H. P. Reed, of the
Cutler-Hammer Manufacturing Co., Milwaukee.
An interesting discussion followed both papeis.
Tbe afternoon session included a discussion of
l egulations for electrical installations in mines,
with a special view to safety—the institute having
secured and presented, as part of the Proceedings,
the full text of the German and English
laws relating to electricity in mines, together
yvith the United States Bureau of Mines' proposed
rules; the draft suggested by the American Mining
Congress, and the electrical section of the
Pennsylvania mining law. In addition, H. O.
Swoboda, of Pittsburgh, presented a paper at this
session on "Self-Contained Portable Electric
Lamps." An informal "Dutch dinner" closed
the Thursday sessions.
The morning session, April lo was devoted to
these papers:
"The Development of the Electric Mine Locomotive."
by G. M. Eaton. Westinghouse Electric
& Manufacturing* Co.. East Pittsburgh, Pa.
"Mine Substations."—The Construction and
Operation of Mining Substations, by H. Booker,
Pittsburg-Buffalo Co., Pittsburgh; Motor-Generator
Sets Versus Synchronous Converters as Applied
to Mine Work, by XV. M. Hoen, Westinghouse
Electric & Manufacturing Co.
A further discussion of electrical regulations
in mines occupied the afternoon sessions—t,he
discussion taking something- of the form of a
question box, at which engineers discussed electrical
troubles.
April 11 the delegates to the convention visited
the industrial plants of the Pittsburgh district,
the Arsenal station of the Bureau of Mines and
the experimental mine at Bruceton.
Mary bad a little skirt,
And it was built so tight
About her person that she had
To peel it off at night.