JUST IN TIME

Hawera Star, Volume XLV, 15 February 1926, Page 5

JUST IN TIME

COAL STRIKE SETTLED.

WORST IN PENNSYLVANIA. SOME DISASTROUS EFFECTS. BY CABLE—PRESS ASSOCIATION—COPYRIGHT. NEW YORK, Feb. 12. The coal strike lias just been settled after lasting for 165 days. It is estimated that the cost of tbe strike is one billion dollars. Its effects were felt throughout the entire nation. The strike was the most disastrous the Pennsylvania region has ever known. One of the most important features of the agreement is the substitution of collective bargaining for arbitration for the settlement of future disputes, this having been the stumbling block ’ to many previous efforts to settle, owing to the miners’ firm opposition to arbitration. Widespread bankruptcies were imminent at the - time the settlement was made, many business houses remaining open as a matter of form. In Pennsylvania buying was completely stopped, business credit disappeared, and thousands of clerks, store workers and others were unemployed besides the miners themselves. Many of the latter were on the point of starvation. suffering from hunger and cold. Such a business paralysis has never before been equalled. Notwithstanding this, the strike was conducted in an orderly manner till this week, when some show of force occurred in Scranton. necessitating police intervention.