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Coal-owners know next to nothing about coal-owning. They do not develop and defend the nature of their own monopoly with any consistent and courageous policy, however wicked, as did the old aristocrats with the monopoly of land. They have not the virtues nor even the vices of tyrants; they have only their powers.
He vowed to himself once more, as he had vowed at Ferth, that his mind was a chaos, without convictions, either intellectual or moral; that he had begun what he was not able to finish; and that he was doomed to make a failure of his parliamentary career, as he was already making a failure of coal-owning and a failure He curbed something bitter and springing that haunted his most inmost mind.
The small coal-owning capitalists, who had emitted such wailings at their own oppression by the railroads, had long relentlessly exploited their tens of thousands of workers. One abuse had been piled upon another.
The most important coal-owning railroad, however, which they and other magnates coveted was the Philadelphia and Reading Railroad. At least one-half of the anthracite coal supply of Pennsylvania was owned or controlled by this railroad. The ownership of the Reading Railroad, with its subordinate lines, was the pivotal requisite towards getting a complete monopoly of the anthracite coal deposits.
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