Business & Finance: Bank Failure

Some time ago, the union miners in the bituminous coal fields enacted high-wage contracts with the operators. As a result, operating costs in the union soft coal fields shot up; and competition has proved difficult with the non-union fields of West Virginia, where lower costs enable operators to cut prices to consumers.

The depression in the union bituminous fields and the contrasting prosperity in the non-union fields have produced some interesting effects in other lines of business. The "coaler" railroads serving the non-union fields have enjoyed heavy traffic and large earnings, while those...

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