Word: coaling
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Dates: during 1930-1939
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...almost universally favored railroads and industry at the expense of the home consumer. B. B. C. asked producer boards (one in each district) to suggest their own minimum price schedules. Then, B. C. C. arbitrarily raised the minimum suggested by the producing boards 5? to 20? per ton for coal sold to industry, lowered their recommendations 5? to 15? per ton for coal sold to home owners...
...code whereby each agrees to pay 1? per ton excise tax. Any producer who refuses to sign the code must pay a prohibitive tax of 19½% on his gross sales. So far 6,108 of the 6,315 U. S. bituminous mines have signed up, for coal producers, desperate after their many lean years, are nearly unanimous in favor of price fixing...
...Commission. Most publicized came from the Association of American Railroads which last week asked that the new price schedules be delayed for further study because they mean a $20,000,000 added annual burden to the greatly depressed U. S. railroads. B. C. C. refused. In case coal prices begin to get out of hand in the other direction, B. C. C. has power to establish maximum price levels...
...present B. C. C. is headed by Charles Franklin Hosford Jr., a 50-year-old Princeton graduate who went on to Harvard Law School, practiced in Butler, Pa. until 1923 when he began his coal career as president & general manager of Erie Coal Mining Co. A member of Governor Pinchot's Pennsylvania Coal Commission in 1931, he had a hand in drafting the NRA coal code, went to Washington under the first Guffey Act as a National Coal Commissioner. A Guffey man, he is extremely dictatorial, rules the commission, whose majority supports him, with an iron hand. Whenever this...
Meanwhile, B. C. C. is facing its crucial test, a challenge on constitutional grounds from the doughty Carter Coal Co. of Coalwood, W. Va. Carter Coal brought the suit which resulted in the Supreme Court's invalidation of the original Guffey Act. It would dearly love to do the same with the Guffey-Vinson...