It is a most difficult question, for undoubtedly any kind
of pooling of profits tends to destroy individual effort and energy. No manager of a business works his best when he fools that he is working not altogether in the interest of his own business, but partly in that of somebody else. Moreover, a pool which had the effect of raising the cost of production and putting the increased cost upon the consumer would be inadmissible. However, there are pools and pools, and, as we have said, there ought to be a discussion at once. We will not summarize here the new proposals by the owners which were published in the papers of Wednesday as we have referred to them elsewhere. So far as we can see, the best plan would be for the miners to make the most favourable arrangement they can with the owners and to ballot their members.
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