Jasper County Democrat, Volume 22, Number 70, Rensselaer, Jasper County, 29 November 1919 — SHOWDOWN ON MINE PROFITS [ARTICLE]

SHOWDOWN ON MINE PROFITS

Is Needed, Says W. G. McAdoo, in in Public Statement. New York, Nov. 26. —A showdown on profits made by bituminous operators is needed for the American people to form a just opinion of the coal situation, Wm. G. McAdoo, former secretary of the treasury, declared today. Mr. McAdoo’s statement was made after he had read an Associated Press dispatch from ington giving the substance of the open telegram addressed to him by the operators, criticizing him for “injecting” himself into the wage controversy- Mr. McAdoo had not received the telegram itself. “The question is whether or not the coal operators ar# making excessive profits,” said his statement, “yhelr income tax returns filed under oath, will give an understanding of the truth and the facts. If they are making excessive profits, as they were clearly making in 1917, then any increase of wages that imight be . made to the miners, should not be passed to the public in the form- of increased prices for bituminous coal. 'A showdown* will enable the American people to form a just opinion.”