Evening Republican, Volume 22, Number 161, Rensselaer, Jasper County, 10 July 1919 — FORTUNE LOST IN STRIKES [ARTICLE]

FORTUNE LOST IN STRIKES

Labor Disorders In Ruhr Coal District of Germany Prove Financial Disaster. Berlin. —The strike recently concluded in the Ruhr coal district has cost the miners $8,000,000 in wages. The output deficit for April is 3,330,000 tons, representing more than $34,000,000.00. The loss to physical property is believed to be so great as to preclude profitable operation for a long time to comd. The miners in the Ruhr coal fields are more than $25,000,000 out on their wages account as the strikes have been going on intermittently since the beginning of the revolution,. In the Hamborn district miners struck 63 days out of 140 working days between November 9 and April 28. The loss to the nation as a result of the coal strikes cannot be computed. It caused a general paralysis of railway traffic, the shutting down of industrial plants and a loss of revenue and freight to the state railways. The national strike fever Is believed to have caused a depreciation in the national currency of more than $4,000,000,000, and to have aided to repress the value of the German mark abroad.