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Sign up freeThe Wisconsin Enterprise Blade
Milwaukee, Milwaukee County, Wisconsin
What is this article about?
Amid the British mining crisis, two collieries propose cooperative operation for the next year, impacting 1000 miners. Net income goes to workers, no profits/royalties/interest paid, joint oversight, stock purchase option. Miners' Federation to review amid coal lockout; they oppose private buyouts, demand nationalization with terminable annuities.
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Mine Crisis
One upshot of the British mining
crisis is the proposal of two collieries
to operate on a co-operative basis
for the coming year. One thousand
miners will be affected if they agree
to the terms of the management which
briefly are that the total income of the
mines, less costs other than wages,
will be turned over to the miners.
No profits, royalties or interest will
be paid.
An administrative committee composed
equally of owners and employees under
an impartial chairman will supervise the
operation of the mines while the workers
will have full right to choose their own
auditors and have free access to the
company's books.
The workers also have an opportunity
to purchase up to 50 per cent of the
company's capital stock on easy terms
with one member of the Board of Directors
after the first $25,000 have been subscribed.
The attitude of the miners will be
governed by the Miners' Federation
of Great Britain which will consider
the proposal in the light of its effect
on the general coal lockout. One feature
to which the miners generally are opposed
is the purchase of the mines from the owners
with the consequent creation of a leisure class
drawing a living from the mines without any
effort on their part. The miners demand
nationalization with terminable annuities
granted the owners culminating within one
generation.
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What entities or persons were involved?
Where did it happen?
Foreign News Details
Primary Location
Great Britain
Key Persons
Outcome
proposal for cooperative mine operation affecting 1000 miners; opposition to private purchase, demand for nationalization with terminable annuities to owners.
Event Details
Two collieries propose operating cooperatively for the coming year amid the British mining crisis. Terms: total mine income minus non-wage costs turned over to miners; no profits, royalties, or interest paid. Joint administrative committee of owners and employees under impartial chairman; workers choose auditors and access books. Option to buy up to 50% capital stock on easy terms, with board representation after $25,000 subscribed. Miners' attitude determined by Federation considering impact on coal lockout; oppose creating leisure class via mine purchase, demand nationalization ending owner annuities in one generation.