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...

Want the full story?

Subscribe Now


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

Learn more about the benefits of being a TIME subscriber

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