Word: coals
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Dates: during 1930-1939
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Banker Myron C. Taylor of U. S. Steel, wearing a stand-up collar which accentuated his dignity, diagnosed the plight of the industry with flocks of facts and figures. The U. S. coal business had appreciably increased its volume of output in the past 50 years (1878-1928), he found, but not by the whopping percentages of other fuels...
...Coal production...
There is no use trying to get sympathy for your business worries from a soft coal man. Trouble is all he has had for the past twelve years. "To bring about the economic coordination of the coal industry," 1,000 men of science (like President Thomas Stockham Baker of Carnegie Institute of Technology) and men of industry (like Utilitarian Samuel Insull and Steelman James A. Farrell) met at Pittsburgh last week. Assembled at Carnegie Tech, the meeting was called the Third International Conference on Bituminous Coal...
Trouble, Chief trouble of the coal business is simply that there is too much coal. In the U. S., which is seamed with 45% of the world's reserve, 31 States mine coal, probably five more are underlaid with it. This brings about inevitable complications. Coal operators cut each others' throats, often selling their product below the margin of a safe return on their investment. The real pain of the trouble is transmitted to the miners, who strike, riot, threaten, starve in the throes of wretched living conditions and inadequate wages. Since 1919 this has been the condition...
Diagnosis, In an address called "The Importance of Coal to Civilization...