Ogden Daily Standard | 1919-11-26 | Page 7 | Showdown on Profits Needed

SHOWDOWN ON j PROFITS NEEDED - Ex-Secretary McAdoo Sees Only Way People Can Form Just Opinion. ! NEW VOFK. Nov. 2Z A showdon on I profits by bituminous operators is need- I I d for the American people to form a just I ' uplnlon on tlie ro il xuuation William i , Mc.Vdo, former secretary of the treasury, declared tdny. Mr IfcAdoO's statement was male laftei he had been read an Associated j Press dispatch from Washington, glvltig the substance of the open telegram ad-Idresed ad-Idresed to hjm by the operators, crltl izintr him for "injecting-' himself Into the wage controversy. Mr. McAdoo had not t d the telegram Itself. "The question Is whether or not the operators are mnklng- excessive profits." his statement said. ' Their Income tax returns filed under ontb will (rive an understanding un-derstanding of the truth of the facts. If they are making excessive profits, as they wc-r.- clearly making In 1917 thc.i nny increase of wages that may be made to the miners should not be passed on to the public In the form of Increased pi kes for coal. A showdown will enable the American people to form a Just onlnlon " Operators Complain of McAdoo WASHINGTON. Nov 25 The sub-coal committee held a perfunctory meeting today, at which Dr. Garfield's statement state-ment of principles was discussed Pending Pend-ing word from the cabinet, adjournment was taken until tomorrow. Neither operators nor miners wer 1 H hopeful tonight of a settlement before 1JH next w-eck. While the sub scale committor com-mittor plans to remain Jn session many operators have arranged to spend Thanksgiving Thanks-giving day at their homes. & ; J Charging that Secretary McAdoo. had heen 'studiously malicious," George if. 'tm Cushing. managing director of the Amer- ( If ''m U'liol. .-.!' ".-..-1 1 n.'soclatlon in a j I' 1 Statement tonight explained that th-- ( per cent of which the former seco- HihI tary complained was not figured on either volume of busotness or capital stoeK. This i" ' entnge. he said was made In :lie J I case of abandoned mines worked on a co-operative basis, where the only cap1.- J;' tal consisted of tools and supplier. .