DRAFT OF AGREEMENT PROPOSED BY G. W. TRAER. This agreement entered into this following-named parties, namely: day of (A) Coal Company, a corporation of the State of (B) Coal Company, and so forth, Witnesseth: ARTICLE I. That (A) is operating the following coal mines, namely: (Give name and location of each mine.) 191-, by and between the That (B) is operating, and so forth: ARTICLE II. A majority of the properly authorized representatives of the respective parties hereto shall select a person to act as auditor of this agreement; and the salary, if any, and necessary expenses of said auditor in the discharge of his duties hereunder shall be borne by the parties in proportion to the tonnages produced by each, and shall be paid monthly upon statements rendered by said auditor, approved by representatives of not less than two of the parties hereto. ARTICLE III. Each party here to shall report daily to said auditor the tonnage of coal shipped from each of said parties' mines which is included hereunder, and shall also report daily each of its mines which is idle or shut down the entire day by reason of no orders for coal. The auditor shall have the right to examine, or cause to be examined, the books and shipping records of any party hereto in so far as may be necessary to verify said statements. The auditor shall keep a record of such daily reports, and at the end of each calendar month he shall make a general summary showing the total number of tons shipped from each mine under this agreement, and also the number of whole days each mine shall have been idle or shut down during said month by reason of no orders for coal. The auditor shall credit each mine, on said monthly statement, for each whole day of idleness occurring as aforesaid the sum set opposite the name of such mine below, viz: The aggregate amount of such credits shall be spread upon the aggregate tonnage produced, as shown on said monthly statement, and charged, ratably per ton produced, against each mine and company. A copy of the monthly settlement sheet shall be mailed to each party hereto on or before the tenth day of the succeeding month. Parties whose charges exceed credits on said settlement sheet shall remit the net amount shown to the auditor within five days after receiving said sheet. As soon as all of such remittances are received the auditor shall at once distribute the proper amounts, respectively, to parties whose credits exceed charges on said settlement sheet. ARTICLE IV. This agreement shall be binding upon the successors and assigns of the parties hereto, and shall continue in force and effect for year - from the date hereof. Witness the hands, and so forth. The CHAIRMAN. The committee will now go into executive session. Thereupon, at 12.20 o'clock p. m., the committee went into executive session, after which a recess was taken until to-morrow, Saturday, February 24, 1912, at 9.30 o'clock a. m. CONTROL OF CORPORATIONS, PERSONS, AND FIRMS ENGAGED IN INTERSTATE COMMERCE HEARINGS BEFORE THE COMMITTEE ON INTERSTATE COMMERCE UNITED STATES SENATE SIXTY-SECOND CONGRESS PURSUANT TO S. RES. 98 A RESOLUTION DIRECTING THE COMMITTEE ON INTERSTATE COMMERCE FEBRUARY 24 AND 28, 1912. PART XXX Printed for the use of the Committee on Interstate Commerce WASHINGTON GOVERNMENT PRINTING OFFICE |