COAL: In Rebuttal

The General Policies Committee of the Anthracite Coal Operators issued a statement in an endeavor to refute charges made by the United Mine Workers that the coal operators were profiteering. The chief point of debate between the miners and the operators is the matter of cost of production.

According to the best figures now available, say the operators, 54 cents is the average margin between cost and realization per ton. Out of this 54 cents must be paid trade discounts and taxes, which reduces the average profit to not more than 35 or...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!