The Forrest City times. [volume] (Forrest City, Ark.) 1871-1919, 1901-05-10
ECONOMY IN OPERATION
The Keynote That is Being Sounded
by the United States Steel
Corporation.
POLICY OF CAPITALIZATION ADOPTED.
A Movement that, While IL Will Re-
dound to the Prosperity OF the
Central Locations, Will Mean Ruin
to the Localities Slated for Aban-
dOument.


Pittsburgh, Pa, May o.-The Com
mercial Gazette publishes the follow
ing: r
The United teelcorporation
has adopted the poiicy of centralizing
operations, of abandoning its smaller
plants, those disadvantageously To-
Gated and those that can not be run
economically. The work heretofore
done at these plants viii be trans
ferred to those that can be operated
to the advantage of the company. OF
the details | can say nothing. / only
know that to work out some of the
details of this policy, operating heads
of concerns of United States Steel
corporation have been in conference
in New York. Undoubtedly the plan
will revert with greatest benefit to
the Pittsburgh district, as the most
favored of all in which the United
States Steel corporation operates"
Thus Spoke Joshua Hhodes.
The above is the statement of
Joshua Rhodes, of Pittsburgh, retired
as chairman of the board of directors
of the National Tube Co., now a con-
stitueht of the United States Steel
corporation, in reply to an inquiry as
to whether the new Morgan combine
had adopted such policy.
Adoption of this policy of centraliz-
ing operations by the United States
Steel corporation will mean to the
Pittsburgh district. if carried into eff
feet without delay, the bringing here
within year of about $4,000 mill
men from the plants of the company
that will be abandoned. Massing of
much more of the operations of the
company in Pittsburgh will not only
add to the number of mill men EN-
ployed here, but the plants from which
the most important supplies of raw
material are drawn in this district
will also take on more men. This is
notably the fact in relation to the
cooking plant of the company in the
Connellsville and adjoining fields.
I'm the Interest of Economy.
The underlying companies of the
new Morgan combine have been work.
ing toward the same plan of mobilz-
ing operations and abandoning the
isolated and smaller plants and those
that can not be operated economical
ly. The American Bridge Co has had
plans drawn for new 5 100000
plant to be erected in the Pittsburgh
district. The American Bridge Co.
has its plants scattered through the
east at points where they are at
disadvantage to operate and some are
considered for Abandonment.
Reflection of the Morgan Policy.
Recent announcement that the
American Sheet Steel CO. had given
up its plan to operate the new and
costly plant at Chester, W. Va, was a
reflection of the new policy of the
new Morgan combine. The equip
ment of this plant will be taken to
Vandergrift, where the most mod
ern plant of the company,
that of the Apollo Iron & Steel CO., is
operated. Since the sheet company
formed it has abandoned number
of it's plants of lesser Importance and
nearly all of the apparatus of these
was sent to Nandergrift. Other
plants of the company, located at
Cambridge, East Liverpool, Coshoc-
ton, Denison, Dresden, Niles, Canton,
Canal Dover and Piqua, O., and
Carnegie and Hyde Park. Pa, are
among those which are being consid-
cred as best to abandon and their
equipment to be centered in larger
plant at Nandergrift.
Ii VIII Take Time.
The sheet company is now about
two months behind on its orders, and
the centre lization of it's scattered
plants VIII take time.
For the American Steel & Wire Co.,
the United States Steel corporation
is expected TO carry out the plan of
the wire company to centralize all OPP
erations possible at Neville Island,
where S10,000,O00 works are be-
ing built. This has al
ready led TO the abandonment
of plants at Worcester Mass, and is
expected TO be followed with works
ri Cincinnati. o., the Portage works,
al Newburg, \. Y, and the works at
Everett, Wash. OF the American Tin
Plate Co. works, those at Agnew and
Johnstown, Pa, and Canal Dover, O.,
are expected to be among those to be
conferred at New Kensington, along
with the Pittsburgh works men
toned. The Carnegie Steel and the
Federal Steel Co.'S works are expect
ed to remain much as they are. OF the
National Tube Co. plants, among those
considered for abandonment is the
Pennsylvania tube works, which, al
though one of the most important
OF the company, is not economical in