The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1901-08-22

J. Plerysg-t W1-rs- h1f l.1r--i -
xrss.ass Lat0r g-1- = re age-a
u-ion p st.- al irtC-'s ally. 12taL
s4ys tte .eu Tort Press Acc1r1-.z
- kls pac rf1sir = tts r-l,e1 ststss
staei clry,srzt--. r1i1s1 ~ ssreral
ninlo1s q f.liars 81 p1f. las l.se- -
asf5s ~ ~ p1r-.1s- ~ .-ssie fg-rss
by ~ 1C50pD -e. eE1ieTs-l ~ c1l.
panles that uats 20 fae great s--el
trust or = fte rains = re At1aigz-
rnsfef ssa1r-st.11 q -s rsl'ea-i. i.l-ts.i
70 fora t.is elsa-r1e-.l-p tetusea tls
sLarti.5i1eft 1n5 f1s e--flgJsss - re
Unffsl stffaf srae. c1-rg-ztl51.
Jae plaa pls e1-eslre8 t.sf0re ths
stesi strike vac r5-zlt % al1 fter
u vas erpscfe1 flst - gat be ~ 2
otefatl01 l1 tu1 yeau It required
finle ~ f9frl-isfe rte tersiis - s1cl 8
tre,De11o1s 1n1erfat'rz F0r tLls re4-
90 ar1g.1eetle1f vac ultllelL
Al a raoe1f c11fefr1ee b9uever. D.
tveer fLe eteerf.F Fe bard n fhe Anal
g1mate1 afs1cafloa and Claries
seiua1. fle presle1t n fhe Un.te1
States Steel eyrporsflo1. it cane or
that sehwab uD1ef tLe 1.rrcr.gl =
Morgan. had f0rIu,afei g profit saar-
ing sebeue whereby 10 ras prDD9sel to
make eFerT elfIlgef - TIE steel cor
DOfafIol a eDl1rtrff lI '5e business.
Details ~ tbs seLeme are ul0bfain-
able now for fbe god resson that the
plan has been agreed ~ oniy 10 = gen
eTal Way. while fBe deaIs require
mucl tine a. se+fle For tae same rea-
sOn ofioers ~ f,e rnlted States Steel
cOrpgur0l frf1srl fle 0tber day 20
discuss tbe ir9g9s.fi9u f0T publication.
but while gggfafl1ls MARKS are lacking
the facts sTe u9f-
II may - scif ~ fhe above men
TONED psper that a plan u cOopera-
ilOn bas been lad 0ut a union u
capital and latOr is ~ hand. Nor does
The scheme have the taiui Of charity.
stoek VII ugi BE- given away. II will
b. sold. Bot the selling price viii be
The same 10 labJf ~ that paid by per
f5rs who direct the cOrp0raiion's com.
merclal and financial management.
In other words. The men who run the
steel mills Will b. placed On the same
inresrment level es those who % the
business. Tho commercial and tie
operating men ~ the corporation viii
become partners on an equal basis.
scbwab and the roller VIII be- holders
~ shares that cost the same. and Nor
gan will become n partner with the
mill superintendent.
The pinn contemplated by the United
states Steel corporation ls nothing
more than higher development ~ the
scheme that has prevailed in the Car
negle plants since 1872 And II was
just such n plan that first made posi-.
bio such plants as Homestead and
paved the way for men Ike schwab
After studying the success attained by
Carnegie. Morgan and bis associates in
the management 81 the United states
gieel corporation determined that u
would be s. ise 20 extend the scheme
Just a. they determined that II would
De profitable 10 form into one big cor
pOrnti0n "a majority Of the steel plants
Of the country.
Profit through harmony betweef
capital aud labor was the scheme. II
was the whole basis Of the craze q
consolidate. 10 harmonic" 20 unite
that greater profits 10 shareholders an'
workers alike might accrue. II wa
on this theory that the United state
Steel corporation was founded. WIN
this idea of cooperation In View th
United states Steel corporation r.
served n large amount Of capital stool
for subscription by the employees. Tb
capital OF the corporation was mad
sufficiently large 10 acquire the plant
OF minor concerns. 10 obtain sufiicicn
working capital. aud 10 have remain
Ing shares. valued al several million
Of dollars. for sale 10 the men IN th
operating departments of the mills.
II first was necessary 10 obtain th
capital before the greater scheme coul
be cartled out This was done. bu
according 10 the estimates OF tnancii
men. there still remains In the ste,
trusts treasury securities worth AZ pa
S1OOOOO.OOO. No announcement VA
been made hs 90 what dlsposltio
would be made OF this tremendous el
ira issue OF securities. but II has bee
announced that only few small prof
critics would be bought-Ju enough
round out the productive capacity Z
the different plants. The presumption
based on excellent Information, Is tbs
stock worth At par several millions
dollars VIII be offered TO the Steel co
nnrafion's enluiOypfS
The scheme IN novel only Ia It's ma
nltude and farreachlng effect I'll
same plan was followed by J. j. HI
the president OF the Great NCrtheI
and an Intimate associate Of Mr.. Mo
gan IN several railroad properties. III
Great Northern company set asi'
shares worth at par Sl,OOO.OOO for !
employees. These shares were sold
the men at par, or 500 n share.
though each share had value In q
-. ..fgst a a.. Nl.ya ~ xfwn