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The Evening Bulletin
Maysville, Mason County, Kentucky
What is this article about?
Sir George Elliot proposes nationalizing England's, Scotland's, and Wales' coal lands via a gigantic trust governed by a central council elected by coal districts and local co-operative committees. Government to regulate coal prices and ensure liberal miner wages. Needs two-thirds majority of owners/lessees and $550,000,000 capital.
Merged-components note: Image overlaps spatially with the foreign news article on Sir George Elliot; likely a portrait.
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Sir George Elliot, Bart., has a great scheme in view. He proposes to effect the nationalization of the coal lands of England, Scotland and Wales by the formation of a gigantic trust to control them all. The trust is to be governed by a central representative council elected by the different coal districts on a basis of the number of tons of coal produced and the districts to be managed by local committees of a co-operative nature, elected in a fixed proportion by the shareholders and the miners. The price of coal is to be regulated by the government, and liberal wages are to be paid the miners. A majority of two-thirds of the coal owners and lessees would be required to insure the inauguration of the scheme, which, it has been estimated, would require a capital of $550,000,000.
Sir George Elliot, the father of the project, is well known in England as a man who has made his way from being a pit laddie to a position of wealth and influence.
SIR GEORGE ELLIOT, BART.
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Foreign News Details
Primary Location
England, Scotland And Wales
Key Persons
Outcome
a majority of two-thirds of the coal owners and lessees would be required to insure the inauguration of the scheme, which, it has been estimated, would require a capital of $550,000,000.
Event Details
Sir George Elliot, Bart., proposes to effect the nationalization of the coal lands of England, Scotland and Wales by the formation of a gigantic trust to control them all. The trust is to be governed by a central representative council elected by the different coal districts on a basis of the number of tons of coal produced and the districts to be managed by local committees of a co-operative nature, elected in a fixed proportion by the shareholders and the miners. The price of coal is to be regulated by the government, and liberal wages are to be paid the miners.