Word: coaling
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Dates: during 1920-1929
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Later in the war Captain Sigsbee rendered notable service in command of the auxiliary cruiser St. Pawl. He captured the collier Restormel carrying coal to Cervera's fleet, as well as the cruiser Isabella II and the destroyer Terror...
Herr Stinnes recently completed an oil trust, developed in the last year, based on concessions in Mexico and Argentina, wells in Mesopotamia and the Balkans, and on the Deutschen Redoil, which derives oil from brown coal by means of a German process...
This organization was quietly accomplished through banks controlled by the coal baron, five more of which he has recently "penetrated." The first fight in Stinnes' oil war will be waged on the neutral soil of Denmark. He has spent several days in Copenhagen preparing for an attack on the Danish-American Petroleum Company...
...recently acquired properties and thus releases his resources for his next step. His income is not affected by this depreciation, for he regulates prices strictly on the basis of dollar exchange values, putting the capital thus obtained into new investments and repeating the process ad infinitum. Thus coal costs 69,000 times its pre-War cost. Wages paid by Stinnes before the War were 17 cents an hour. Under the present scale wages are between seven and ten cents per hour, thus halving his pre-War costs of production...
Distillation of coal has been the basis for several of the famous ''lateral trusts" in Germany...