Word: coals
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Dates: during 1930-1939
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...Guffey Coal Bill v/hich enacted into Federal law most of the old Bituminous Coal Code...
...twelve billion barrels, and modern methods of appraisal render unexpected "finds" of considerable extent unlikely. At the present rate of consumption reserves are enough for twelve or 14 years, but production falls off sharply before literal exhaustion is in sight. Oil can be obtained from shale and coal; the necessary equipment, however, would cost billions of dollars. "Alcohol," said Dr. Brooks, "as a motor fuel is a question of politics and farm subsidies, not of economics," cannot compete with gasoline until the price of gasoline rises fivefold. Therefore he could only conclude that swollen prices and greater dependence on foreign...
...Rayburn Bill and also on the TVAmendments. It is also expected conference agreements will be reached on the Alcohol Control Bill, the Gold Suits Bill and, of course, the Tax Bill. I think there is a fair chance of reaching an agreement on the Utility Bill. If the Guffey Coal Bill passes the House it will be taken up in the Senate...
...Coal. A small corporation with an excellent pre-Depression earnings record is New Rochelle Coal & Lumber Co. of New Rochelle, N. Y. It sought permission to reorganize under Section 77b when a creditor, Shanferoke Coal & Supply Corp. of Delaware, sued to collect a bill of $26,051. A reorganization plan was approved by the court and by a majority of security holders and creditors, except Shanferoke Coal. That company tiled a petition in the U. S. Circuit Court of Appeals which resulted in a noteworthy decision...
Shanferoke contended that New Rochelle Coal & Lumber is solvent and therefore had no right to apply for reorganization under Section 77b. If solvent corporations could seek reorganization under the Bankruptcy Law, said the plaintiff, creditors would be deprived of their property (i. e. claims) in violation of the ''due process" clause of the Fifth Amendment. With this argument the Circuit Court did not agree. Ruling that no violation of the Fifth Amendment was involved, it declared, in effect, that a solvent corporation may apply for permission to reorganize under Section 77b. Last week Shanferoke Coal had 14 days left...