Abstract

Prosperity

Chafee, Zechariah | July 24, 1929 issue

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The United States ought to be happy. Coal has long been a sick industry, but the able recommendations of the Coal Commission of 1921 have not been followed by one law or one change. Petroleum, perhaps the most magnificent gift that any country ever received, bids fair to be exhausted within a century after the opening of the first oil-well, leaving Americans without fuel for automobiles and, what is worse, without lubrication for our machinery. Electric power, with all its possibilities of freedom from toil, has been rapidly acquired by a few great groups, each of which challenges the public to find under a bewildering series of corporate shells the elusive pea of actual cash investment.

See Also:

INDUSTRIES -- United States; POWER resources; COAL; NATURAL gas; FOSSIL fuels; UNITED States
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