This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1911 Excerpt: ...their relief could only arise from a concession of the quantities disposed of by great and highly valued collieries for the general good. This feeling has been so urgently advocated that the present regulation agreement contains a clause for a general revision and settlement of the basis of every colliery in the trade; ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1911 Excerpt: ...their relief could only arise from a concession of the quantities disposed of by great and highly valued collieries for the general good. This feeling has been so urgently advocated that the present regulation agreement contains a clause for a general revision and settlement of the basis of every colliery in the trade; every individual thus satisfying himself with the hope that such general review will benefit him at the expense of others. This is the present understanding, but in the opinion of experienced persons, such period will never arrive, inas 1 Dunn, 'State of the Coal Trade, ' p. 203. 2Report of 1836. Even Mr. Wood, who opposed the high price fixed by the cartel, considered at that time that a price of 24s. 6d. was necessary, cf. q. 2480 (. THE YEAR 1844 much as the investigation would be too endless, and would in all probability create greater and more general dissatisfaction than that which prevails at present." And "experienced persons" were right. There was no revision. Why should mines working at a profit limit their output still further for the benefit of those not so working whilst competition in the south and on the coast was becoming more severe, and whilst no limitation of the vend in the north could force prices up to their former level? On the contrary, it was now to the interest of the paying mines to meet the fall in prices caused by competition elsewhere by an increase in output, which would enable them still to work at a profit. But the owners of valuable mines, who had formerly loudly advocated the cartel as the "preserver" of the inferior mines, had now no further interest in taking steps to their own detriment for the general benefit. Their indifference was shown by the fact that no revision took place, i...
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Seller's Description:
This is an ex-library book and may have the usual library/used-book markings inside. This book has hardback covers. Book contains pencil markings. In poor condition, suitable as a reading copy. No dust jacket. Very shelf worn. Backstrip missing. Please note the Image in this listing is a stock photo and may not match the covers of the actual item, 850grams, ISBN: