The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-04-30

trust company. This, he said, was per-
fectly proper. Who Instructed the com.
pany how the stock would b voted he
didn't know. but not the railroad COM
panies,
=, Y. Do the directors direct the policy OF
much direction about Il. Each company ns S Ses
all ths, coal be- can. as ShssPiy as he can. 4"'
t s %.eti 4 somesimss u Rsadins. fSiIs.
Jsrssy Central bSidinS u:u az my once 10 the
=, O., fou had q meeting in March. which was
prios :ehsdSe Su ,scss AVE w S aS m ees.
TSomss ' & fru.sds Mr. Eef HARRIS HIss snd
ABOUT sSs priss q coal, 4. Non. %h.,ss.r'
at ! meeting OF ne Temple Iron Company,
meeting about II? A. Nothing at all
DISCUSSED TIRE sTRIKh ONLY.
g. Well. what business is 1t that keeps
at . time H. your once, H Can 1a' You 0 no,
the coal strikes il was necessary Tor US TO
came. to my once and iunched' with me on
10 doubt you may have i Sees led to to bs h
the Temple company; but We were not; 49,,
discussedS A, That ali,
Q. Didn't you Discuss the output and the
were either or these things discussed.
LuNcHEoNs OF THE COAL MEN.
Mr.. Baer said he frequently. had meetings
them questions about the trade and what
the market would take In the given month,
but there had never been q meeting since
he had been president Of the Reading Com,
Company at which the questions Of output
and price Of coal were discussed with any
OF these gentlemen
O. Well, whore did these casual meetings
you speak OF take place! A, A. different
caS s N You'd soa ike s e Know S
~ MI ia hssrh H. ~.rr.n. I" was tn. fat of
ssy: ~ os BE; sS; AZ; md;
sbou. coal q .Ss s%ount 81 susIns:: .s;s;y ;
that there has been at no time during my
ssreemsns bet vssn tie sO prssidsnsv ~ the coal
companies and the presidents Of the coal
p2ss 70 81 s9 "a output OF coal or
g: In other Words: you have ne yer got
e ESs . " the RuSs 81 'S %2oded
Knew the popular e cismor 70" on the subject OF
the line Of ao oa On the Ise have
never allowed any one to dominate me Why
my circular prize Cs ana out; STt hsy
Mr. Thomas e coapPsiusd If that NY nsed the price
set for bis coal there and that / was inter
feIing with them.
Th r.. S did d. 4 SsY thew bns e.
/ come down 70 It, although 1t cost them 9
lot OF money.
j BRAvKD LAWSUITS TO SELL CHEAP COAL
O. During the strike. when. you sold Goa!
at Is ton for the beneht OF those who could
+, not pay what the retailers were demanding,
didn't you confer With these other coal men
4. When I went below the market price
Sy ding Se oos price q e ss
moro than that We protected the public.
IT,, y was arbitrary in me TO do this. but
1 believed the emerrency warrantsd \:
dale have fixed the tdewater pricei A.
! No. We have not, Coal, like everything else
subject e The law: q supply and demand
R.road S.! been upaSe mo- 70 nal s any
pushes usips:s Il has not been S abs % pay disi-
dends or maize any money. and the Same
! YoU CAN'T RAIsR COST AND REprcx PRICE.
Q: But you recently put the pIiee. Of coal
paS a. DO You think Ky You can .GVan g
the cost Of production and reduce the price
, il very keen. too. Lots OF bitumin Gus coal
is being sold here below the cost OF pro-
duction.
Mr. Baer said that, out Of receipts OF
it's 100000 acres OF coal land and its enor-
nous system Of railroad, had only been able
to pay per cent. on S2s. 600. 600.
There Is no large company he said,
with so valuable property, where the
eatnings. compared to the volume Of bust.
ness, are go small a. In the Reading system.
READINGS NEW LABOR TROUBLES.
He also said that II the miners employees
GOAL could not be mined The company's
present difficulty was due to the refusa
To pay men for ten hours when they only
worked seven hours. With things In sucf
for him to say how the heading compan,
would come out at the end OF the current
year. Az to the clamor that not enough
coal IA being mined, he said. his company
had 610Oo0 tons Of coal stored up on Apri
| I, for which there was no market.
q. But haven't you raised the price Z
Nso a. toni a, Yes. and on the first Of Ma!
We VII raise i 70 % csnts .t more ,unno
XSo'Y Yes. Il " can. II the market WON'T TAX
i al that priOs. why. we will have to com
O. what ms<hod do. you propose TO use Il
making this increase In price? A. Why. b!
| Offering II 70 customers through our agents
We will Offer coal at . certain price neg
| month. and give fair notice that IL will b
higher the next month. Do you know tina
at 8 ton it is not possible for US to pa
o. Have you Informed Mr.. Thomas AM
Mr.. Truesds!e Of your intention to raise tn
q win they meet it' A. They would b
| foolish not to-
THE COMPANIES DO COMPETE.
O. You really say that In this coal bushes
there II competition between you! A. d
say 90. We try to take away each other
When our sales run behind. send for my agen
merchants, and there Il plenty Of homes
competition.
MI. Baer said that the coal roads didn'
build into one another's territory, for tn
very obvious reason that 1t wouldn't pa
them, but that they hid hard against eac
other for people going into the coal bust
neee to get them to locate on their lines
In response to q question about coal price
in Philadelphia, Mr.. Baer laughed and said
what, are you interested In Philadel
mia. toof Are you going TO release Phila
delphia from the bondage Of the oppressor
The examination OF Mr.. Baer will b
concluded this morning.
John Edmunds. the sales agent OF tn