The inside history of the Carnegie Steel Company, a romance of millions . naged tostruggle along, under theterms of the settlement, witha force composed partly ofunion and partly of non-union rhen; but the disor-ganization of the iron andsteel trade was more thanit could cope with, and, onAugust 2ist, the works were shutdown for lack of orders, as the manage-ment frankly stated. On September 2 ist the general strike endedin the complete discomfiture of the men, whofor over a month had been dropping from the AmalgamatedAssociation, starved into submission. The struggle had costmillions and bene
The inside history of the Carnegie Steel Company, a romance of millions . naged tostruggle along, under theterms of the settlement, witha force composed partly ofunion and partly of non-union rhen; but the disor-ganization of the iron andsteel trade was more thanit could cope with, and, onAugust 2ist, the works were shutdown for lack of orders, as the manage-ment frankly stated. On September 2 ist the general strike endedin the complete discomfiture of the men, whofor over a month had been dropping from the AmalgamatedAssociation, starved into submission. The struggle had costmillions and benefited nobody. On the very next day a fresh strike occurred at Homestead,where an effort had been made, a couple of weeks before, tostart up again. The cause was a trifling incident growing outof the previous dispute. The men objected to the presence ofa scab who, during the troubles, had shot one of them inself-defence; and to even things up the management also ex-pelled the workman who had been thus wounded. The new trouble did not last long; but it served to increase. Shot one of themin self-defence. PURCHASE OF THE STEEL WORKS 159 the discontent of the stockholders of the concern, whose greaterinterests in their respective mills were thus repeatedly jeopar-dized; and their dissensions became acute. About this time,too, the price of steel was rapidly falling; and, alarmed by theimminent call for more capital, some of the Homestead stock-holders hastened to get out of the company. One of them hav-ing secured an option on the shares of some of his associates,went to the Carnegies and offered them the control thusacquired. The offer was promptly accepted. Although trade was nowvery bad and daily growing worse, the Edgar Thomson worksin the past had been inconveniently drawn upon for supplies ofsteel by the Hartman Steel Company at Beaver Falls, and forbillets by the Union Iron Mills. The Keystone Bridge Workswere also using increasingly large quantities of steel; and theCarnegie
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Keywords: ., bookcentury1900, bookdecade1900, bookidinsidehistor, bookyear1903
