The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-08-11

Instead Of coming to peaceful close,
as circumstances a week ago seemed
to promise. the great steel strike. after
repeated conferences and negotiations
of tie leaders OF the respective sides.
appears now about to be continued
with added bitterness and on 2 wider
scale. For whatever reason the execu-
tive board Of the ANA gamated asso-
citation has sought conferences and has
0uered concessions. The trust leaders.
IL now appears. have demanded, with
scarcely any abatement. what they de-
manded in the first instance-that the
union sign for scale On the same
terms as II did last year before the
formation of the powerful United
States Steel cOrpOrs son.
In conference President Schwab NJ
that corporation, was, as ne invariably
Is, smooth and polite. and even defer
entail, assuming nothing of what the
English call side This is natural
with him. But with this graceful de-
pcT -ment goes a conscience that is deaf
10 all things beyond the swelling ex-
cheCuer Of his mammoth trust cOmbi-
nation and viii that is adamaatine
IN carrying out its mOney-making pol
icy This describes his character and
his course Of action in the Carnegie
company, and the leopard does not
change his spots.
The other chief sponsor for the steel
trust IN the strike conferences was the
renowned J. Pierpont Morgan. His will
is o! no more lmperiOus stamp than is
that of President Schwab. His bearing
IS FAR different. To be quite plain ais
manner is tnat Of a bully. He is bluff
and rude in anything like a council
This comes largely from habit. Of all
towards money is the worst The in
weston is keen for gain. He viii rush
IN after the flag of a great and power
Jul captain who is accustomed 10 con
qUer- He may quail before such a
captains voice or eye. and meekly
yield up his own judgment if ne can
thereby make them money in the long
run Morgan has long been such a cap
tain. His intimacy with the treasury
department at Washington, and his
purchase, at low rate. of issue after
issue of government bonds. which he
Immediately afterward sold at Il high
rate, his power to effect needed legis-
1ation in behalf Of this or that privi-
lege; and his adfOitness and facilities
in establishing the great monopoly
combinations have through long years
OF almost unbTOken success caused him
TO assume am abrupt and imDeriOus
manner with the swarm of smaller
bankers and representatives of invest
ors who have come about him. as to a
sugar bowl.
If Morgan We're to Fall From Power.
While doubtless these very men
would be the first to kick and trample
upon Morgan, were circumstances by
any chance to cast him down from his
dizzy height Of power and riches TO de-
pendent poverty. yet now they suppl
cate; they wilt before his hauteur
Years of pride and power among these
timid, money gTasping creatures have
made the arbitrary spirit a second ma
ture, which shows itself at a council
board in knit trows, flaming face,
flashing eyes and a torrent of wrath
ful words when the least opposition
ventures to raise its head. His habit
of late in considering financial matters
has been to sit at the head of a table
ana by a few words and a sCOwl to
carry everything before him. With
Schwab smile and a gracious man
Ter hide while he furthers the fmpe-
nous purpose. With Morgan a froWn
and a scornfuI sentence reveal the iron
VIII and the direful consequences of
opposition Having similar ends in
view, each man has uss-I different
methods, having 10 deal with differ
ent classes or sets of people.
At this final interview with the eX-