That is elementary and fundamental. It lies at
the root of what is to follow.
Will you picture to yourself a section of the coal-mining industry in
the common form of the pictures one sees of an Atlantic liner cut neatly
in two so as to expose to view what is taking place on each deck. On top
you have the landowner, under the surface of whose land coal, whether
suspected or not, has been discovered. He may decide to mine the coal
himself, but more frequently--indeed, usually--he grants to some persons
or company a lease to mine that coal on payment of what is called a
royalty of so much for every ton extracted. Thereupon he is called the
mineral-owner or royalty-owner, and the persons or company who actually
engage in the business or industry of coal mining and pay him the
royalties we shall call the colliery-owners. Do not be misled by the
confusing term "coal-owners." Very frequently the colliery-owners are
called the "coal-owners," and their associations "coal-owners'
associations.
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