A Proposal for Regulation of the Coal Industry

John E. Orchard

The Quarterly Journal of Economics, 1925, vol. 39, issue 2, 196-240

Abstract: I. Disorganization of the coal industry: Proposal of a permanent coal commission or parliament, 198. — II. Analysis of chaotic condition of American coal industry. Irregular operation of mines, 201. — Fluctuations in output due to seasonal demand, 201; to strikes, 202. — Effect of irregular operation on labor, on costs of production, on price, 203.—III. Regular operation in European mines. Absence of seasonal fluctuations, 204. — Graphic presentation of average monthly output of United States, Great Britain, and Germany, 206. — Effect of size of reserves on regularity of mine operation in United States, 207; in Europe, 209. — Difficulty of preventing overexpansion in United States, 211. — The Virginian Railway case, 211. — Control of seasonal fluctuations by syndicates in Germany, 213; through exports in Great Britain, 216; in the United States, 218. — IV. A permanent coal parliament, 222. — Its organization, 223. — German coal parliament, 224. — Permanent organization of needle trades, 225. — Creation of parliament by coal industry, 226. — Inclusion of middleman, 227. — Inclusion of consumer, 228. — Nation-wide scope, 229. — Basis of organization, 231. — Enforcement of decisions, 233. — Functions, 233. — Coal institute, 234. — V. Some remedies to be applied. Halting of overdevelopment, 235. — Closing of surplus mines, 236. — Shifting of surplus miners, 236. — Increasing of exports, 237. — Coal exchanges, 237. — Storage of coal, 238. — Unemployment insurance, 239. — Conclusion, 240.

Date: 1925
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