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I know more about flowers than coal-owners know about coal; for at least I pay them honour when they are brought above the surface of the earth. I know more about gardens than railway shareholders seem to know about railways: for at least I know that it needs a man to make a garden; a man whose name is Adam.
Thereupon he is called the mineral-owner or royalty-owner, and the persons or company who actually engage in the business or industry of coal mining and pay him the royalties we shall call the colliery-owners. Do not be misled by the confusing term "coal-owners." Very frequently the colliery-owners are called the "coal-owners," and their associations "coal-owners' associations."
It is quite common, even in these latter days, and among those who have freely sacrificed their nearest and dearest to the claims of the State, to hear manufacturers and merchants say that they have a 'right to a good profit'. The President of the Board of Trade remarked openly in the House of Commons after many months of war that it was more than one could expect of human nature for coal-owners not to get the highest price they could.
One reason why an experiment so long continued and so successful as that at Killingworth should have been so slow in producing results, perhaps was, that to lay down a railway and furnish it with locomotives, or fixed engines where necessary, required a very large capital, beyond the means of ordinary coal-owners; whilst the small amount of interest felt in railways by the general public, and the supposed impracticability of working them to a profit, as yet prevented ordinary capitalists from venturing their money in the promotion of such undertakings.
What the coal-owners and colliers of the North Country thought about the matter was sufficiently shown by their subscription of 1000 pounds, as a Stephenson testimonial fund. With part of the money, a silver tankard was presented to the deserving engine-wright, while the remainder of the sum was handed over to him in ready cash.
What the workmen, not less than the coal-owners, eagerly desired was, a lamp that should give forth sufficient light, without communicating flame to the inflammable gas which accumulated in certain parts of the pit. Something had already been attempted towards the invention of such a lamp by Dr.
Grocers or clothiers are not able to combine with the same effect, for the consumer is far less dependent on local distribution for these wares. But wherever such retail combinations are possible they are found. Among large producers and large distributing agencies the same tendency prevails, especially in cases where the market is largely local. Free competition of prices among coal-owners or iron-masters gives way under the pressure of common interests, to a schedule of prices; competing railways come to terms. Even among large businesses which enjoy no local monopoly, there are constant endeavours to maintain a common scale of prices. This condition of loose, irregular, and partial co-operation among competing industrial units is the characteristic condition of trade in such a commercial country as England to-day. Competitors give up the combat
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.
And transport we cannot put right without help from abroad. Therefore we do everything we can to use local resources, and are even developing the coal deposits near Moscow, which are of inferior quality to the Donetz coal, and were in the old days purposely smothered by the Donetz coal-owners, who wished to preserve their monopoly."
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