 |
||
 |
 |
 |
Faced with the huge liabilities assumed during the deep mine era in the form of scared land, burning culm banks, and abandoned structures. Mining companies started to divest themselves of these liabilities. Starting in 1953 Glen Alden divested itself of the liabilities in the Lackawanna basin, selling the previously mentioned lands to Moffat.. The corporate shell game had begun. In 1960 the Delaware & Hudson railway sold its subsidiary Hudson Coal Company to Glen Alden. Glen Alden cherry picked the land that was still valuable and free of liability. It formed Blue Coal corporation to be the final exit tool of the anthracite industry unloading all the liability ridden land to it. Blue Coal ultimately declared bankruptcy.
Moffat realized the end of the anthracite industry was hand also. And taking a cue from Glen Alden formed Moffat premium anthracite.
 |
 |
 |
 |
 |
 |
 |