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Show NATION IN CLUTCHES OF COAL INDUSTRY I I PROFITEERS, SENATE COMMITTEE CHARGES I Threaten To Advise Taking Over Mines If Abuses Persist WASHINGTON Dm. 14. -Sharp criticism uf the national coal industry, xxitli implied threat of drtctic legislAtSoii by congiuw to meet allrejeil e il f profiteerinc ami speculation accompanied thoj partial report of the senate committee on production ami recontaTUC tion, rubmitted t,o tin- senate today, in general, tho report, which Baked tower to continue the investigation, suggeatetl governinenl i iiiti-s to bring-about co-operation under regulation in building 6on struetion, but its three Republican members, Senators Colder "t Sew fork, Bdge, New Jersey, ami Benyon, low a. Bupplemented their findings with additional Btatements, all of which agreed in asking special legislative attention to present methods of producing and dis tributing eoal. 1 i Chs n i i must ! I be corrected." while Senator Kenyon I declared thai "If the matter is to go .oi I. for one. luirsh an the rem, dy mlKht be. nhall tavor taking over the mines," Senator Boge egpresaed as his conclusion that ihe coal industry j cannot bring order out of the prevailing prevail-ing chgoe, ac.l give even reasonable i relief to the suffering people, so 1 am ready to mod'i'y somewhat, in tins case, my opposition to government Intrusion In-trusion Into p'ixate buslne-s and to advocate legitimate scrutiny." PROl rrKKRIXG I i 111 i K 1 I ' "Coal profiteering, especially as it h i-- i.. Hewed the piioritx oidi i- of the 1 Dtterstate commerce commission, has ' continued unchecked by the depart-I depart-I ment of Justice and is national disgrace," dis-grace," the committee said in its Joint report. Coal speculation has been I permitted to monopolize tho transportation trans-portation facilities of the country "Our investigation into the coal slt-1 slt-1 uatlon has convinced ur thai the private pri-vate interests are actually unable to prevent the continuance or repetition of the present deplorable situation, , and that it 11 the duty of the government gov-ernment to take such seasonable and I practical step?; as it may devise to '. remedy the e il " CHECK I P COAL MEN. Government administration of the I production and distribution of coal. I fc uhm-mIao wool -. . ... ,1 Ik. II 1 ixt resort.'" but for the pres. n I it was r -ommended that operator's, xvholes.il-er-s. Jobbers and retallSTI In the In- dustri be required to file full and frequent fre-quent reports with a federal agency. The report? should be sufficient "to determine costs and profits and the corporate Interrelations: or the com-1 munitlc-s of Interest, If any, lifetween I companies producing and distributing coal." noi SING SUORTAOl , 111 Other fields, the committee s:iid. "there exists n wrlous shortage of housing not only in the great cities.; but In Ihe smaller cities as well, even In th far west and south, which Is h' Id lo haxe ..'.-li tcrtiiu.i eCf.-ci upon public health', morals and Industrial growth.'" "The misdirection and exploitation of som- groups of organized labor, through grafting leadership, has been revealed In New York City and hus been reported In some other larger cities." the report said. "This has spread to combinations of employers who. working together xvith such j.-raftlntf labor leaders, hnx-o combined to force unduly hUh prices. The department de-partment of Justlc is urged to prosecute prose-cute the srrong-doers shenever they are found to have violated tho federal statutes." FOR LQVI L li OSTSi IfiStablishmenl of more trade schools i for cities and states to train nppren-l ti. i fo t Kliull.ilni.- ti . ' - x-.as rec- ommended as was the creation of a federal bureau t.. assist in framing, build. rig codes jud ai the -:-i.o tlrne loxv r casta Financing building Investment, the committee .lld. should be aided in several xvay-', sucge ing lowering of excess profits and surtaxes and tax I exemption for real sstate mortxages. 1 A modification of the federal roerxi act, lo permit member banks to invest In long time mortgages, was further ( recommended and the committee said It Indorsed the principle of the home loan bank bill, xvhlch Is designed to facilitate a wider distribution of re.il estate mortgages through standard bond Issues." Popular saving and thrift. It was concluded, would be aided by consolidating con-solidating all federal thrift activities ami by amending the postal sivjngs law "to provide adequate Interest lor depositories." |