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If the men, no longer trusting the leaders who have

led them so far astray, gradually return to work, as we suppose they will, the owners must not behave as victors who can act on the principle of woe to the vanquished. For some years past we have been emphasizing the economic importance of high wages. This is, of course, just as important in the coal industry as in any other. There is no madder policy than to reject_ what is. just and sound and to sacrifice the future to the present merely because you arc temporarily in a position to be able to do it.

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