New-York tribune., 1901-07-17
A SOLUTION PROPOSED.
LET THE NON-UNION STEEL MAKERS
JOIN THE UNION, AND ALL WOULD
BE WELL, SAYS a FINANCIER.

the union without compuisfon their action
Will he IA solution of the present trouble. and
the strike will be settled within ten days
That significant statement was made to a Trib
une reporter yesterday afternoon by a Wall
Street fnancier who has confidential relations
with men who control the policy of the United
States Steel Corporation.
viii non-union help to unionize the
mills?" he was asked.
They are doing that now he replied.
The inancier had said he expected the steel
strike 10 end within ten days. and the reporter
asked if his belief based upon any negotia-
tions between the steel companies and the Anal
gamated Association.
There are no negotiations yet" he said. and
there can be no negotiations until the question
of unionizing the mills is settled. The steel
companies cannot consent to the demand Of the
AmaIgamated Association that the non-union
men in the non-union mills be compelled TO join
the union or be discharged. The companies are
bound TO stand up for the rights of the men who
have been standing by them in this trouble. But
suppose the men decide that it will be best for
ali hands to unionize the mills
NO OBJECTION EXPECTED.
Then the hnancier made the statement about
! the joining the union without compulsion'
He was asked later if he knew that officials Of
I
come such a solution Of the trouble with the
Amagamated Association. and he said: The
corporation could not object TO IT, The men
have the right TO join the union if they want TO,
haven't they? II wouldn't be fair right for
I the steel companies TO say to their men who are
not in the union. You will be discharged unless
YOU join the union But If the say they
/ willing 10 join the union for the sake of har-
mony and TO end the strike, there are no COM
plants about hours or wages. the companies
would have 20 acquiesce. Apparently the non
/ union men going TO do that very thing. The
reports are that they going TO join in the
strike and that means that they will join the
union"
/ Officers of the steel companies had conferences
! a1ncng themselves in this city yesterday. and
! some of them conferred with J. P. Morgan in his
Office Charles NJ Schwab president of the
United States Steel Corporation declined TO talk
! with newspaper men about the strike, and when
officers of the American Sheet Steel Company
/ and the American Tin Plate Company were ap
! preached they said they had no information to
| give Mr. Morgans reply to an inquiry was:
| Ask the steel companies.
NO NEGOTIATIONS YET.
It was learned. however that there were no
! negotiations between officers of the steel com
panies in this city and officers of the Amalga-
mated Association looking to a settlement of
the strike Men representing the highest inter
ests in the United States Steel Corporation de
cIared that there could he no negotiations while
the Amaleamated Association persisted in its
demand that non-union mills be unionized A
report that the Carnegie company intended to
make all the union mills non-union, including
( the mills of the National Steel Hoop Company
and the American Steel Hoop Company was de-
clared to be false and to have been sent out by
the AmalCamated Association create further
strike between representatives, of the steel COM
/ panies and representatives of the Amalgamated
Association need be expected for the present
WALL STREET KEEPS COOL.
ApparentIy the effect of the steel strike had
been discounted in Wall Street yesterday. as
there seemed to be no alarm at the Stock Ex-
change over the labor trouble TIE steel stocks
declined slightly. United States Steel common
opening at 3S3s. and closing at 3sB while the
nreferred stock opened at 81 and closed at S67s.
About one hundred thousand shares of the com
( mon and sixty thousand shares of the preferred
were sold yesterday, At the time there
was rise in the prices of several railroad stocks
which had declined on Monday. There no
evidence of excitement in the stock market over
the strike Yesterday. and many brokers said
they believed there would he a settlement of the
strike soon.
A private dispatch from Chicago gives state
ment by John Lambert. the former president OF
the American Steel and Wire Company. to this
effect: so far as the strike at of the steel
mills is concerned, 7 think II will be forgotten
in very few days. At best II affects only few
! mills All the rest of the mills of the United
states Steel Corporation are AT work. and as
they have all the business they can take care of
for the balance of the year, 1 cannot see how
the company generally is going 10 be affected
much on account of the shutting down of those
mills even for indefinite period. j am still
as much of believer in United States Steel as
ever