FREE BOOKS

Author's List




PREV.   NEXT  
|<   349   350   351   352   353   354   355   356   357   358   359   360   361   362   363   364   365   366   367   368   369   370   371   372   373  
374   375   376   377   378   379   380   381   382   383   384   385   386   387   388   389   390   391   392   393   394   395   396   397   398   >>   >|  
t has come through the combined efforts of the coal companies, the state inspectors, and the Federal Bureau of Mines necessarily involves some increase in cost of operation, but the few cents per ton thus added to the cost is a small price to pay for the satisfaction of having the stain of blood removed from the coal we buy. That form of social insurance which is now enforced through the workmen's compensation laws alone adds from 2 to 5 cents a ton to the cost of coal. On the other hand, there can be no doubt that large advances have been made in welfare movements which were introduced for the purpose of insuring a steadier, better, and larger supply of labor, and that the general gain in efficiency of operation thereby obtained has absorbed a large part of the increased cost. In general, conservation measures of this class have been developed cooperatively by private and public efforts, without important sacrifice of private interest. There is obviously room for much wider application of such measures, especially in some of the bituminous fields where conditions are still far from satisfactory. =(C) Introduction or modification of laws to regulate or to remove certain restrictions on the coal industry.= It has been proposed: 1. To modify the laws so as to take care of situations where vertically superposed beds are owned by different parties, preventing the proper mining of the coal by either party. 2. To modify the laws so as to eliminate conflict in mining practice in cases where the coal is associated with oil and gas pools. 3. To allow larger ownership by companies utilizing the coal (now only 3 per cent owned by such companies). 4. To place restrictions on over-capitalization, which leads to wasteful mining in order to secure quick and large returns on large capital. 5. To remove restrictions on concentration of control. This means, as a corollary proposition, virtual restriction of competition. Concentration of control into comparatively few hands has undoubtedly favored conservation. It is easy to see that the stronger financial condition of the large companies makes it possible for them to take fuller advantage of modern methods of extraction, distribution, and marketing. This proposal was especially urged for the bituminous coal industry before the war in order to avoid over-production and over-development. The very wide distribution of the bituminous
PREV.   NEXT  
|<   349   350   351   352   353   354   355   356   357   358   359   360   361   362   363   364   365   366   367   368   369   370   371   372   373  
374   375   376   377   378   379   380   381   382   383   384   385   386   387   388   389   390   391   392   393   394   395   396   397   398   >>   >|  



Top keywords:

companies

 

mining

 

bituminous

 

restrictions

 

larger

 

control

 

general

 

modify

 

remove

 
industry

measures

 
conservation
 
private
 

distribution

 
operation
 

efforts

 

eliminate

 

conflict

 
preventing
 

proper


extraction

 

practice

 

parties

 
situations
 
production
 

vertically

 

marketing

 

superposed

 

proposal

 

development


corollary

 
proposition
 

virtual

 

proposed

 

financial

 

condition

 

concentration

 

restriction

 
stronger
 

comparatively


undoubtedly
 
competition
 

Concentration

 

capital

 

modern

 

advantage

 

utilizing

 
methods
 

ownership

 
fuller