The Providence news. (Providence [R.I.]) 1891-1906, 1892-07-15

his wages would be reduced s49.45 per
month.
Capt. Kennedy repeated the story OF
the battle, and Mr.. Weihe, president OF
the Amalgamated Association. was then
recalled.
Chairman Oates asked Mr.. Weihe what
natioualites are represented in the ANAL
gamated Association.
Mr.. Weihe said there were English, Irish,
Scotch, Welsh and good many Ameri-
cans. "Our organisation" he said, "is not
secret, except the pass word.
Mr.. Boatner-"Does your organization
foster or countenancs any such resist .
ance to employers as We are now investi-
gatingf
"No sir.
"How many men who work in the
Homestead mill belong to your associa-
tionf
"From 500 to 100, am not sure.
Mr.. Frick was recalled and said: 1--WE
asked for reduction OF wages because
the reduction in price OF our product
caused Us to lose money on every ton OF
blooms, billets and slabs sold this year.
Our Homestead mill and the Duquesne
produce II per cent of all the steel billets
made in the United States. The mort
only to aid them in the erection of their
homes. We allow them to pay OF by the
month.
ave have never foreclosed mortgage
OF this kind. We charge them six per
cent. and allow them the same when they
deposit with US.
Our Men at Homestead
have about s14o, ,00o on deposit with us on
which we pay six per cent, and we hold
mortgages amounting to $4,000,
''The market price OF pig iron Is f14,
and the cost of converting this into steel
billets on an average Is about $10, so that
on an average TO produce ton OF steel
billets costs va. This is leaving out the
investment.
Mr.. Oates-"wbat does II cost at Home.
stead to produce a ton OF steel?
"That must decline to answer. That
Is going in private business: ! have
given you the average all over the United
States to produce q ton OF steel biliets.
Mr.. Boatner-"Well, then the McKin-
10y tariff has caused loss In the price
you get for your output and consequent
reduction OF wagcsf
Mr.. Frick-"No, sir, the Mckinley bill
does not have such an effect. The lower
prices were the result OF over production.
Mr.. Oates-"I see by the papers your
company has taken foreign contract for
steel rails a. less than the price abroad.
Mr.. Frick-"That 10 not true. We have
made no such contract.
"Could not your works be continued at
the old scale and your company still
make fair profit
"No, sir, we could not. 1t would GER
tainly drive us into bankruptcy II there
was no adjustment Of wages.
Mr.. Broderick--"You feel the tariff has
no place In this trouble3
"No sir, not in the least. Had the du-
ties on the goods we manufacture been
reduced IL would have had serious ef-
feet on wages.
The chairman then announced that tho
COMMITTEES had finished here and added:
"We have the Pinkerton system to in
vestigate in this connection, but will
have to 60 to other places.
The committee left for Washington
and the report will be submitted to Con-
gress early In the week.
Kore Trouble Feared mt Coeur a. Elenc.
SPOKANE, Washington, July ia tel
ephone message received here from Wal
lace states that an explosion was heard
yesterday inn granite mine two miles
from Wallace. 1t Is believed that the
mine was blown up by dynamite and
troons Sere hy. ri al t, the sceup