Republican Chairman William M. Butler counterattacked Senator La- Follette on the question of combinations and monopolies:
"He reiterates the conviction that there are gigantic conspiracies in American industry and trade by which the 'system' is sucking the blood, morals and pocketbooks of the American people.
"As a matter of fact, in the bituminous coal industry, which comprises 85% of all coal, there is no single corporation or group selling commercial coal which controls more than 5% of the output. There are 8,000 independent operators busy at the present time cutting each other's throats in competition...
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