Hammond Times, Volume 15, Number 326, Hammond, Lake County, 9 June 1922 — Page 8

THE TOIES Friday, June 9. 192: ISSUE IS PUT UP QDQOOflflfl

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GOVERNMENT

Retail Coal Dealers Reject All Of Hoover's Suggestions. BY W. H. ATKINS INTERNATIONAL NEWS SERVICE WASHINGTON. June 7 The coal situation today reached a new stage with the bituminous strike still going strong and the j-overnmenTs eflorls to prevent protiteering blacked. Secretary of Commerce Hoover mediated before making- a further move and weighed the possible outcome of i ho reflance of retail coal dealers to all of his overtures to abide by a lair price scale.

Absolute rejection of all of Hoov

er's suggestions by the retail coal merchants, and their threats that prices will be raised on soft coal

despite efforts by the government to

stop profiteering put the Issue square ly up to the government.

Secretary Davis continued his conferences with hepresentative operators, but would not hazard an

oyinloa as to the end of the strike.

The operators was deeply disturbed over the prospect of soaring prices and shortage of fuel when it met today. Secretary Hoover, the president's agent in keeping uown extor

tion, was incensed over threats of the retailers. His knowledge that rising coal prices within a few days will upset his entire mediation program, was disconcerting in his further move to bring the coal jobbers into line at a further session later this week. Coal production Is below consumption, about 3.000.000 tons a week. Reserve stocks have reached the lowest point in the country's history. Business revival has been retarded by uncertainty of future fuel supplies. Cabinet members for the first time today admitted that coal shortages may react disastrously upon the general business situation and within a very short period. Government Intervention In some form may be resortrfd to bring about peace between the operators and miners. The reticence of Secretary Davis today, after his talks wvh a email group of the operators, revealed a purpose by the operators to remain firm against further dealing with the miners on any basis, except that of absolute acquislence by the miners In the operators' proposals.

UNDERWOOD CALLS .IT NEWSPAPER TALK

INTERNATIONAL NEWS SERVICE NEW YORK, June T Ail this talk about a railroad strike is "newspai er talk" In the opinion of Frederick Ik Underwood, president of the Erie railroad. "I don't believe there will pe a strike because I don't believe the men have lost their sense," he declard today. "They must see that in all branches of Industry there have been recessions. Of course, it is not pleasant to have incomes, talaries, or wages lessened, but this distressing process has been general. "What the men should see is the purchasing power oT the dollar." "You may quote me as saying that from my point of view It would bd a good thing if the newspapers throughout the country suspended publication for three months. They are the ones who stir up trouble by featuring all this strike stuff. This strike talk has been fermented by the newspapers."

MERGER OFFICIALS ASK CLEAN BILL

INTERNATIONAL NEWS SERVICE WASHINGTON, June 8. Attorneys for the Bethlehem and Lackawanna steel companies, whose merger has virtually been completed, came to Washington today to get a "clean bill of health" for the project from the government. C. A. Degersdorff, chief counsel for the merger, was closeted a Iyons while with Attorney General Daugherty, with whom he went over details of the mreger to show, he said, that there has been no violation of federal laws and that none is intended.

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