Coal strike losses estimated at 125 million in US
Det. 19-Loee to the United States on account of the recent coal strike amounted to approximately 125,000,000, while that of Ohio was about 27,000,000, wavering to W. D. McKinney, secretary of the Southern Ohio coal exchange. Additional losses to railroads from curtailed service to industries forced to shut down due to fuel situation would not be estimated, and no allowance therefore is made in the estimate, Mr. McKinney stated.
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Mondell Urges Major Cut in Budget Estimates
Washington reports Rep Mondell calls for a billion dollar cut in the year ending June 30, 1926. He details reducing army estimates by half and slashing fortifications while naval, river, and harbor budgets should see substantial reductions without harming national defense. He warns economy must be the watchword amid nearly five billion in proposed outlays.
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