The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-03-20
LABOR, BUSINESS, INDUSTRY.

The directors of the Federal Steel Com
pany nave declared the regular quarterly
stock, payable April 20.
The New York Assembly yesterday, by
unanimous vote, passed the Senate bill tax
ing trust companies ! per cent. on capital
stock, surplus and undivided profits.
Hundreds of square miles of grazing ter
ritory around San Antonio. Tex, have not
had a drop of rain this winter, and If rain
does not come In the next three weeks
thousands of head of cattle will die.
The Midland Railway Company of Eng
land is about to send two engineers,
Messrs. Deeley and Wollescroft, on a tour
in the United States to examine into Amer
lean engineering and electric methods.
The New York Evening Post says: 1T is
estimated that fully so per cent. of the
stock of the constituent steel companies
will have been deposited for conversion into
the securities of the surviving United
States Steel Corporation by Wednesday
night"
The New York Times says: "Notwith-
standing the fact that the Brotherhood OF
Cloakmakers passed a resolution last
spring to the effect that there would be no
strikes for a year, it was said on Tuesday
that a general strike involving from 10000
r. 1900 cloakmakers is pending"
A 26-inch train finishing mill
has been contracted for by the Republic
Iron and Steel Company. The contract for
the machinery has been let to the Youngs
town co. Foundry and Machine Company,
and Will be finished as soon as possible.
Besides this. four double pudding furnace
will be built.
1t is said that the reports that Mr..
Schwa is to be the head of the steel com
bine' at a salary of 100000 to 81. 0O0,0 900 nave
no basis in fact. Mr.. Schwab will become
the president if he wishes, but that will
have TO come about in the selection of Of
fcers after the combine" is formed. at
which time the salary question will be.
settled.
The Supreme Court of New York has
denied a motion TO vacate an injunction
granted by Justice Wilmot NJ. Smith, re-
straining the transfer OF the real estate
OF the Anglo-American Savings and Loan
Association to the Empire State Realty
Company, except that the plaintiff is per-
mitted to enter judgment dissolving the
corporation.
Marcus Slime. as assignee for James
Shirley, has brought suit, at New York,
against William G.. Greene, of the Greene
Consolidated Copper Company, a West
Virginia corporation, for the recovery Of
$1,0O0,0oo. being the commission claimed by
Shirley for the sale of 100000 shares of
stock. The defendant is a resident of
Arizona Territory. and the property is sit
uated in Mexico.
The Detroit Journal says the Pennsyl-
vania Salt Manufacturing Company, which
purchased 1873 acres of river frontage land
adjoining Wyandotte, on the south and
west, in 1898 and 1899. has concluded def
mite arrangements in Detroit for the cree
ton on the property of a plant that, when
finished, will represent an expenditure of
100000. The buildings will cover between
sixty and seventy acres of ground.
The Lakeside. Napoleon & Western Elec-
trio Railroad Company, of Fremont, O.,
was Incorporated yesterday by Charles G.
Muir, Harry T.. Reiter, William B.. john
son. r. f. Muir and Jackson S. Westman
with $4,000 capital. They will build an
electric line running from Marblehead,
Ottawa county, Ohio. west through Otta-
wa. Sandusky, Wood. Henry and Williams
counties 10 a point on the Indiana line.
Two Thousand five hundred dock la borers
at Naples have struck, refusing to dis
charge the French steamer Massillia, which
arrived at Marseilles March ii, from New
York. and was sent on from Marseilles 10
Naples, on account of the strike at Mar
settles. The dock laborers declare they will
not discharge any vessel from Marseilles.
and Will cease their work on other ships in
the harbor il an attempt is made to dis
charge the Massillia.
The miners and operators of the soft
coal field of Southern Illinois, the largest
subdistrict in the State, held a joint meet
ing at Carbonate yesterday to adjust the
differences which the State meeting re-
ferred To this meeting for adjustment. No
the district is unrepresented and tina the
st. Louis and Big Muddy. operated by
Samuel 7. Brush. who operates the only
nonunion mine in the State. A settlement
will be reached to-day.
Because OF the absence of President o.
NJ. Schwab. of the Carnegie Company, who
was summoned To New York Sunday night.
the meeting OF the managers that was
called by him for yesterday. at Pittsburg.
was postponed. The gathering was expect
ed to take up matters relative to passing
formally into the control OF the new steel
corporation. and also TO take up the mat
ter of accepting the 5000 600 donation OF
Andrew Carnegie for relief work. endowing