You may think that a book about the growth of a coal company would be uninstructive. Think again.
Otto Scott's recently published (1989) Buried Treasure distributed by Ross House Books, P.O. Box 67 Vallecito, CA. 95251 provides many astute observations and economic insights for the reader.
Buried Treasure is the story of the formation and growth of Arch Mineral over a nineteen year period (1969-1988). Formed in a time when it was very difficult to get into the coal industry, Arch has grown to a point when it has good coal reserves, good contracts for that coal, and employs 3,000 people while providing an excellent return to its investors.
You may think that a book about the growth of a coal company would be uninstructive. Think again.
Otto Scott's recently published (1989) Buried Treasure distributed by Ross House Books, P.O. Box 67 Vallecito, CA. 95251 provides many astute observations and economic insights for the reader.
Buried Treasure is the story of the formation and growth of Arch Mineral over a nineteen year period (1969-1988). Formed in a time when it was very difficult to get into the coal industry, Arch has grown to a point when it has good coal reserves, good contracts for that coal, and employs 3,000 people while providing an excellent return to its investors.
You may think that a book about the growth of a coal company would be uninstructive. Think again.
Otto Scott's recently published (1989) Buried Treasure distributed by Ross House Books, P.O. Box 67 Vallecito, CA. 95251 provides many astute observations and economic insights for the reader.
Buried Treasure is the story of the formation and growth of Arch Mineral over a nineteen year period (1969-1988). Formed in a time when it was very difficult to get into the coal industry, Arch has grown to a point when it has good coal reserves, good contracts for that coal, and employs 3,000 people while providing an excellent return to its investors.
oratorio either is an act of religion or it is not; if it is, I ask if the playhouse is a fit temple to perform it in, or a company of players ... fit ministers of God's Word?" Thirteen years after it was first performed in London a friend of Handel wroted to him " ... When in the grand choruses the whole audience solemnly rose in joint acknowledgement that He who for our sakes had been despised and rejected of men was their creator, redeemer, king of Kings, Lord of Lords! To be sure, the playhouse is an unfit place for such a solemn performance ... " It was in an atmosphere of doubt that caused Han!iel much anguish before the first London performance. It had been initially performed in Dublin ten months prior without controversy. Handel struggled with the decision to perform it in London because the oversensitive Bishop of London might fail to recognize Handel's efforts to distance Messiah from that vulgar form of entertainment-"Opera". He struggled with the title. Would it evoke charges of sacrilege? Christ College We believe In the full authority of the Bible as l!l(]lressed in the Westminster Confession of Faith. We are Reformed in theology. We teach a comP.rehenslve Biblical World-view arising from the historic Biblical Reformed Faith. God's Word is the foundation of all knowled2e. We have a high view of God's revealed Moral Law In both Old and New Covenants. We believe in the ultimate of God's Sovereign Grace which will impact tbe world. We believe In very limited civil government, a free enterP.rlse economic and Christian Schooland home-school education. We offer a Bachelors degree and an Associate (2-year) degree, with initial in Theology, Philosophy .I. History, Political Economy, Litera tore, and Lbrlstian Education. If you are interested in more information or a Catlalogue, please write us. We also welcome inquiries concerning potential fmancial conlnbutions. Write: Administrative Offices Christ College P.O. Box 11135 Lynchburg, Virginia 24506 Christ College does not discriminate on the basis of race, color, or ellmic or national origin. For the most part on that London premiere night, the listeners found the music not to their liking, the oratorion, after all, had no story. The soloists had too little to do and the chorus too much. It was different and the audience was not ready for it Yet we are told that at least one person of some importance was impressed---the King. It was reported that during the "Hallelujah Chorus" the King was so moved that he, then the rest of the audience, stood and remained until the chorus ended. I think it is fitting to conclude with this anecdote: When a nobleman complimented Handel on the great entertainment of Messiah Handel replied, "My Lord, I should be sorry if I only entertained them; I wished to make them better." By God's grace, those who believe the message of Messiah will be made better. Bibliography: Jacobi, Peter; The Messiah Book; New York: St Martins Pre!is. 1982 Smilb, J.S. and Carlson, B.; A Gift of Music; Westchester, ll.: Crossway Boolcs. 1978 .Q You may think that a book about the growth of a coal company would be uninstructive. Think again. Otto Scott's recently published (1989) Buried Treasure diStributed by Ross House Books, P.O. Box 67 Vallecito, CA. 95251 provides many astute obsetvations and economic insights for the reader. Buried Treasure is the story of the formation and growth of Arch Mineral over a nineteen year period (1969-1988). Formed in a time when it was very difficult to get into the coal industry, Arch has grown to a point when it has good coal reserves, good contracts. for that coal, and employs 3,000 people while providing an excellent return to its investors. The buried treasure is, of course, coal. Yet there is buried treasure here for the discerning reader. That treasure is in the form of economic principles that must not go unnoticed by the wise. God's providence is evident in the economic realm. The company was founded in 1969 in St Louis by Merle Kelce and Orin Atkins. However much more than two men with a vision is needed for a company to be successful. Millions of dollars were needed to buy reserves and set up other aspects of the operation. Kelce, Atkins, and others had known various (continued on page 22) The Counsel of Chalcedon December 1990 Page 15 Apart from murder there are a host of other offences that are subject to the death penalty: st.rilcfug or cursing a parent (Christ condemned the scribes and the Pharisees for setting aside this lawMatthew 15:19); kidnapping; adultery; incest; beastialty; sodomy; unchastity; rape of a betrothed virgin; witchcraft; offering human sacrifice; incorrigible delinquency or habitual criminality; blasphemy; sabbath desecration; propagation of false doctrines; sacrificing to false gods; refusing to abide by a court decision and thus denying the law; and failing to restore the pledge of .bailment. Capital punishment for these violations is prescribed m the following books. and chapters: Exodus 21, 22, 35; Leviticus 20, 24; Numbers 15; Deuteronomy 13, 17, 21, 22, 24; and Ezekiel18. Where this is obeyed, godliness will rule over ungodliness. Conversely, where this is not obeyed, ungodliness will plague society. Contrary to God's word, Satanism is not a crime in South Mrica! Persons guilty of capital crimes are not beyond the reach of the Gospel, but the civil requirement of God's law remains. Conclusion Of all the institutions of society, God bas appointed only the state to wield the sword (Romans 3: 7). Since God has declared His will finally through His Son (Hebrews 1:.12), the state is obliged to be Christian and its first and basic duty is to ensure the advancement of the kingdom of God by submitting to the rule of God in His law. Even if the state is not Christian, the institution must be respected with obedience which is not in conflict with God's law. In such circumstances, godly ways must be employed to establish righteousness in the seat of authority. In a godly, gospelbelieving obedient and godly living will be encouraged and promoted. The emphasis will be to make alive. Widows, orphans, the poor, the defenceless, the aged, servants, neighbors; aliens, and strangers will bless the LORD that it is so! n Buried Treasure continued from page 15 bank officers for years in former Past working contacts became important again as loans could be negotiated by men on bOth sides of the table who were familiar with each other. The Hunts and their investment entered at just the right tilne. The company had good management and important coal reserves as well as long term buyers. All of this must be seen as the result of Goo's providence. The Counsel of Chalcedon o December 1990 o Page 22 No one knew when the company began the degree to which environmental legislation would tlie coal industry or that the oil embargo of the mid 70's would decrease the availability of cheap oil and make coal again in great demand as an energy resource. In GOd's providence, the company began at just the right time. The reader must also realize that economic success most often is the result of hard work. Scott presents the growth of the company but he also allows the reader to see some of the hard work that was involved. For examRle, a new chief executive officer had to be hired when Merle Kelce unexpectedly died two months after the company was formed. Coal reserves had to be examined and negotiated. Mine performance had to be constantly evaluated. Interpersonal relationships among workers had to be handled properly at all levels. None of this. is easy. involves botli physical and mental labor 1f a company ts to be successful. Those who are called to labor in one type of position cannot look down on those who have been called to the opposite type whether it is physical or mental. Long ago Adam and his posterity were reminded that man would earn his living by tlie sweat of his brow (Genesis 3:19). After reading this book one can better understand the sweat of mental labor. All workers are imp<>rtant. This is a management principle used by the Hunts, who became of Arch Mineral. Prior to Board meetings they would often visit the working site to get to know their em.P.loyees and get their msight on company operations. Evtdently they did not see themselves as better than their employees. fustead they saw their mutual need for each other. This is a Biblical principle that all employers and employees would do well to adopt. The author does an excellent job of setting the story in the perspective of world events. How important thiS is. The reader is consciously reminded that no company exists by itself, removed from the interplay and outworking of world events. Thus the environmental movement. Middle East crisis, as well as national economic upswings and downturns play an important part in economic developments of Arcli Mineral. The benefits of the capitalistic system are clearly evident. Scott lets the benefit of capitalism speak for itself as he develops the story of Arch Mineral's growth. At the same time he reminds the reader of socialistic vanity. "BY. 1983 virtually every black African nation was in vistble difficulty. Althougl! the causes were comectly ascribed in part to drought, decertification, and poverty' the fact remains that despotic governments dedicated t? socialist policies deserved more than they recetved." (p.209). Of course wtthin the .capitalistic system we see the importance of ' self government, responsibilty, and the Bibhcal work ethic. Buried Treasure provides a good opportunity for teaching family members basic economic principle that are being practiced. For this reason it ought to be purchased, read, and discussed. n Thv Word have I treasured in tflJI heart, That I mif:ht not sin against Thee. Psalm 119:11