History of anthracite coal mining in Pennsylvania competition with the Schuylkill Navigation Company, until the Reading Railroad eventually leased out the Schuylkill Navigation Company in 1870. The Delaware, Lackawanna & Western Railroad would become the major carrier of anthracite from the northern fields to NYC (Dublin, Licht, 15-17). While the extensive railroad systems made transporting more efficient, they also lowered the price of coal in distant markets such as Philadelphia and NYC relative to the prices in areas surrounding the mines. In 1840 the wholesale price of anthracite in Philadelphia relative to the mine price was 3.6, and by 1864 the ratio was 1.3. A similar drop
History of anthracite coal mining in Pennsylvania the building of a canal. By 1840, over 250,000 tons of anthracite mined from the region annually reached Philadelphia through White and Hazard’s Lehigh River system (Dublin, Licht, 12-3). A group of Germans wanted to seek the rights to the Schuylkill River. They received a charter in 1815 to incorporate the Schuylkill Navigation Company, which would have control over the Schuylkill River. After receiving investors the Schuylkill Navigation Company was able to finance a 108-mile long river and canal system that connected the Pottsville area to Philadelphia that opened in 1825. By the early 1840s, some 500,000 tons of anthracite