Lehigh Coal and Navigation Company
The Lehigh Coal and Navigation Company (LCAN) (1988–2010) was a modern-day
LCAN properties were largely Panther Creek Valley-based real estate assets that were acquired from
The new company was incorporated in 1988,[3] acquiring LC&N assets after bankruptcy proceedings.
History
19th century
The
In the merger of The Lehigh Coal Mining Company and the Lehigh Navigation Company, both of which operated in the
The remaining 8,000-acre anthracite-rich tract between Jim Thorpe and Tamaqua originally owned by the
20th century
In the 1960s, LC&N ceased its operations. The coal lands were acquired by the Fazio Brothers.
LC&N ceased its operations in the mid-1960s, and eventually the railroad's revenues collapsed as the Central Railroad of New Jersey, Lehigh and New England Railroad, the Lehigh Valley Railroad, and a few others that were merged into Conrail.
In 1974, Bethlehem Steel acquired it, running it until 1989. In 1989, James Curran bought the property and reestablished the Lehigh Coal & Navigation Company brand.
21st century
The earlier company, called "the Old Company"
The L&S extended from the foot of River Street in Wilkes Barre and
The LCAN company was founded by James J. Curran,[8] a Schuylkill County attorney.
In 2004, the reestablished company was forced into bankruptcy by some of its creditors, and some of its land was at risk of being sold for back taxes.[9]
In 2006, the company's operations were suspended unless Curran stepped aside and kept out of actual operations, citing a violation of a consent decree from previous complaints, so a new management team took over.[10]
In 2008, he mainline pioneered by the LC&N are still the mainstay of several key transportation corridors in
Lehigh Coal and Navigation Company was cited for environmental regulatory violations,[11] and was fined on several occasions.
Later in 2008, CAN declared bankruptcy and was acquired by creditors, who rebranded it as Lehigh Anthracite.
References
- ^ a b c Terminology used by various museum tour guides, esp. the No. 9 Mine and Museum in Coaldale.
- ^ "Secretary of State".
- ^ Pennsylvania Corporation Bureau website
- ^ Approximate from USGS topo map, Jim Thorpe to West Tamaqua.
- ^ "SOVA: Smithsonian Online Virtual Archives".
- ^ National Canal Museum – The Lehigh Navigation System. Accessed 2008-09-18.
- ^ Lehigh & Susquehanna - NE Rails Accessed 2008-09-18.
- ^ Pennsylvania Corporation Bureau website
- ^ Parker, Chris (November 17, 2004). "U.S. agriculture department pays Pottsville, Pa., coal firm's back taxes". The Morning Call, Allentown, Pa. via Knight Ridder/Tribune Business News. Retrieved 2008-09-19.
- ^ Parker, Chris (April 29, 2006). "Lehigh Coal mining restarts under new management". Morning Call (Allentown, PA). Retrieved 2008-09-19.
- ^ Mailer, Tom (October 2, 2000). "Miners: anthracite coal bosses destroy the environment". The Militant. Retrieved 2008-09-19.