This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1911 Excerpt: ...saving to the Government in the sales of coal was in part based upon the assumption that there would not be a monopoly in the Alaska coal, ...Read MoreThis historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1911 Excerpt: ...saving to the Government in the sales of coal was in part based upon the assumption that there would not be a monopoly in the Alaska coal, because otherwise there would not have been any such reduction as you suggested? Mr. Bbooks. There are two coal fields in Alaska which produce this high-grade coal. I think the danger is not a monopoly, but that those two fields would be developed beyond the market. I think the danger is, perhaps, the other way for the present. Mr. Peppeb. But it is true, is it not, that in the.event of monopolistic control of these fields the possible saving to the Government that you made such a point of would drop out of consideration? Mr. Brooks. It might but you would also have the competition which would exist between the eastern fields and the western fields. Mr. Pepper. Yes; but that competition would not be a competition which would represent anything like the saving to the Government which you suggested in your calculation. Mr. Brooks. It would not be so far different. Mr. Pepper. The Pocahontas coal can be delivered on the Pacific coast at a certain figure. Mr. Brooks. Yes, sir. Mr. Pepper. And the only competition with the Alaska coal was a competition with Alaska monopoly. It would not require a very great underselling of the eastern coal to give to the syndicate the market and save very little to the Government. Mr. Brooks. The difficulty is that you would find it exceedingly difficult to reduce your cost of mining in Alaska, because the conditions are such that they are adverse. The figures I have made to arrive at this conclusion are minimum figures. Mr. Pepper. Then the estimate that you made of the saving to the Government, based on the cheapness of the Alaska coal on the coast, must be subjected to revision? Mr. Brooks...Read Less
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