The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-18
TRADE, INDUSTRY, LABOR

One hundred merchants and manufacture
ers of Cleveland have formed the Home
Mutual Fire Insurance Company to place
their business insurance among themselves.
The executive council of the American
Federation of Labor has received a tele-
gram from the president of the American
Flint Glass Workers Union, saying that the
organization on a referendum had declared
in favor of utilization with the Federation
of Labor.
Judge Lacombe. of the United States Cir
cult Court at New York, has denied the APP
plication recently made by Madeline
Hughes snd other stockholders of the Com
pressed Air Company that a receiver be
appointed. The court declared the appli-
cants had failed to make out a case.
1t is reported that the wages OF the en-
ployes of the Crucible Steel Company Of
America will be reduced beginning with
next Monday. On account of having no
working agreement with its employees, as
the Carnegie Steel Company has, the Cruel
BILE Company is not required to post notices
in it's mills of changes in wages.
Patrick H.. Farrell. formerly a district
master workman of the Knights of Labor,
yesterday instituted a suit at Washington
for $4,000 damages against Simon Burns,
Henry II. Hicks, Thos. II. Canning, John
Forneau. Maurice Carmondy and Frank
YourisOn. Farrell sues because the defend
ants last January accused him of dishon-
esty.
Representatives of the steel-plate pool
were in session at New York yesterday, and
dIiif llC pltStul pIICcr dlnCi Sl.Ub pei
100 pounds at Pfttsburg. The companies
represented at the pool meeting included
the United States Steel Corporation, Jones
* Laughlin, Pennsylvania Steel Company,
the Maryland Steel Company, the Cambria
Company and the Lukens Company.
f. III. Clergue, Cornelius Shields and T.
j. Drummond, of the 500 Company, have
asked the Canadian government to take
such action as will protect the Canadian
shareholders in case the Consolidated Lake
Superior Company is wound VI. The means
of doing this would be to retain the land
grants and other concessions made in CIV
ing franchises to the various subsidiary
companies. 1t Is said that i'm case the
present reorganization plan falls Speyer
q Co. Will try TO reorganiZe the business
and give all outside shareholder a chance
to come In.
The Pottery Selling Company, which was
Incorporated at Trenton on Wednesday, has
been formed as the result of an agreement
among practically all of the sanitary pot
teries of the United States for the purpose
of controlling the prices and regulating the
output of each pottery. The Pottery Sell
Ing Company's headquarters will be in
Trenton 1t was stated semi-officially that
the reason for this arrangement is that a
suit has just been decided in a way that
will compel all the sanitary manufacturers
to pay a royalty on a sanitary closet, the
one that is generally manufactured. The
patent is owned by a Boston concern. 1t is
stated that owing to this royalty the price
of these goods will be advanced about 80
per cent.
Emlin Roosevelt and other holders of
$4,000 5 per cent. bonds issued by the
Aetna Iron and Manufacturing Company,
have won their suit against the Nashville,
Chattanooga * st. Louis Railroad Com
pany. guarantors of the bonds. brought
TO recover unpaid interest due on Dec. l,
1902. BY direction of Judge Wheeler, be-
fore whom the case was tried i'm the United
States Circuit Court at New York. judg-
ment for $500, the full amount claimed,
was given TO the plaintiffs. However. the
suit involves the redemption OF the entire
bond issue when IL shall fall due. because
of the defendants contention that It's guar
antee on the bonds was not binding. Ibis
defense Is upset by the courts decision,
which fixes the railroad company's liza
bility.