Word: softe
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...bituminous coal producing territory, desperate attempts are being made by large financial interests "to repudiate the wage contract in the soft coal fields. Certain railroads, notably the Pennsylvania, have preferred to buy coal from distant non-Union fields rather than buy from Union mines in their own territory. Several soft coal producing companies have repudiated the wage agreement, including 1) the Consolidated Company in which John Davison Rockefeller Jr., "an estimable man with fine traits, religious and God-fearing," is a large stockholder, 2) the Pittsburgh Coal Co., "one of whose most influential stockholders is Andrew W. Mellon . . . perhaps...
...Trade Commission, last week, published a report recommending measures to increase competition in the production of anthracite, contending that 70% of the production is in the hands of eight operators). In the bituminous fields, there is no monopoly tendency; there are many mines and cut-throat competition. The possible soft-coal production is 25% or more greater than the demand...
...recent book*, John L. Lewis gave a very clearheaded, illuminating and, on the whole, fair-minded discussion of this situation, especially in the bituminous fields. He contended that War prices and strikes with temporary high prices had brought about overexpansion of the soft-coal industry. As a result, there are many high-cost mines; and, in competition with one another, they lower wages (if they can) in an attempt to keep running. As a result, there are strikes, shortages, temporary inflation of coal prices and more overexpansion. He contended that the only way to stabilize the industry was by maintaining...
...Union soft-coal operators should repudiate their agreement, there would be a strike. If this came in combination with a strike in the anthracite regions, there would be a coal scarcity, prices would soar and, for a time, all mines could open up and sell at a profit...
Some time ago, one John B. Bolton of Philadelphia invented a fabric out of which collars could be made. Shortly afterward, a soft collar was put on the market, advertised by thousands of brittle, frostily handsome young men who stared down at the great U. S. public from streetcar nooks and up at them from the back pages of magazines. It was called the Van Heusen collar. Forthwith, John B. Bolton of Philadelphia brought suit against one John M. Van Heusen of Jamaica Plain, Mass., to recover $6,000,000. Last week, the court awarded...