MINING: Slate Clean

It is sometimes said that the U. S. coal industry, disposed as it is to overproduce, needs a good strike about every three years. For the nation as a whole this is certainly no formula for wealth and plenty. The six-week soft-coal deadlock that ended last week caused serious and conspicuous economic damage. Retail trade in the strike area dropped 15% to 20%. Estimates of the total loss of purchasing power ran as high as $100,000,000. Though last week's settlement came in time to prevent large-scale stoppage of factories, ships or railroads, the effects of the strike will continue to...

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!