The Cordova daily times., 1923-02-17
KY. ENGINEERS
 ESTABLISH OWN COAL CONF ANY

| CLEN BLAND, rep. ll. - The eS' tablishment of coal mining compan- ies with a soul" was the announced aim of Warren s. Stone, president of the Brotherhood of Locomotive Engineers and his brotherhood as- sociates when they made a S2,00o,00Q investment in the Coal River Collier, ies Company last June.
 1 The purchase was made during the coal strike and MT. Stone an nounced that there has never been strike in these mines and there never will be-"
 While the brotherhood, as an or ganization, has nothing to do with this coal mining property yet the mines are owned largely by brother hood members, and MT. Stone is president of the company.
 Revolutionizing the coal mining industry through the establishment of a "coal company with a soul" was the aim of the engineers when Mr. Stone and his associates, last June, in the throes of the nationwide coal strike, made the two million dollar investment in the Coal River Collier ies Company. "There has never been a strike in these mines mad there never will be- he said.
 The mines face the Big Sandy River near Prestonburg, Ky, and the Big Coal River in West Vir- ginia.
 MT. Stone has announced three main points of his associates coal program. These are:
 for miners and the removal of strike danger.
 Elimination of middlemen's profits in distribution through enabling con- sumers to organize their own cooper ative yards and to sell to themselves at cost :.
 Elimination of "watered" stock, promoters fees, and preferred stock in the formation of the company.
 At the very start of the operation of the mines by the engineers and their associates, and before the com pany paid a dividend, miners were paid more than the highest scale asked by the unions in neighboring mines; labor was frightened by the installation of modern mining ma chinery wherever possible and model village with modern little amusement buildings and modern sanitation were substituted for the average dilapidated and dra5 mining town Other Brotherhood activities include, the Brotherhood of LOcOmo- tive Engineers Insurance Company which has $1SO,OOO,OOO in policies in force; the Brotherhood Investment Company, ten million dollar cor poration now in process of lorna tion and the Brotherhood Printing Company of Cleveland.
 The engineers became landlord in 1910 when they erected History office building at the corner of St. Clair Avenue and Ontario Street, in the heart of the downtown section here. General offices of the broth. erhood, occupy part of the building The building is clear of all incum brances, having been paid for in full several years ago. Two other buildings in the heart of Cleveland are owned by the engineers, one used as the main office of the broth. erhood bank, directly across the street from the brotherhood office building and the other sixteen story structure on Euclid Avenue, re- gently purchased at cost of ap proximately $3,0O0,O00.
 The prospective amalgamatioE, or conclusion, of the Brotherhood of Locomotive Bremen and Enginemen with the Brotherhood of Locomotive Engineers will give the Stone group of labor cooperative fnianciers an additional constituency larger than the engineers brotherhood, though the individuals are said not 10 pos, sess the financial means of the engineers.