The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-02-28
TRADE, INDUSTRY, LABOR.

Unless the ~ per cent. tax clause of the
Aldrich financial bill is eliminated strong
fight against 1t will be made by Chicago
bankers. This decision was arrived at
on Friday after a three hours conference
and instructions were wired to a repre-
sentative in Washington to that effect.
The officials of District No 5, United Mine
Workers. and the operators signed an
agreement at Pittsburg on Friday fixing the
dead-work scale. Many of the demands
made by the miners were granted without
discussion, while a few were refused The
conference, which ended Friday, COM
menced Monday, Feb. is.
Conferences at South Chicago looking to
bringing an end to the general strike of all
cago Shipbuilding Company were fruitless,
the company refusing to concede the nine
hour day now, or i'm the near future. SYM
pathetic strikes, ii is said, will be called
in all the shipbulding plants in the great
lake region to enforce the demands of the
men.
George f. Kroehl, president of the First
National Bank and a director of the Mon
mouth Trust Company, of Asbury Park, N.
j., which are now in the hands of receiv-
ers, was arrested on Friday and released
under 5000 bail Mr.. Kroehl is charged
with making. together with other persons. a
false statement of the condition of the Mon
Mouth Trust Company at the close of bus
mess the last day of last year.
The syndicate formed last August by
Brown Brothers & Co. Hallgarton & Co.
the first consolidated mortgage 4 per cent.
gold bonds of the Atlantic Coast-line Rail-
road, total authorized capital issue $S00O0,-
600, has been dissolved. Notice to that
effect was received by members of the
syndicate on Friday. No reason for the
dissolution was given. but 1t Is said that
only one-fifth of the bonds was marketed.
The structural iron workers of the Pitts
burg district which takes I'm all points
within radius of 1876 miles of that city
struck Friday against an alleged violation
of the agreement on the part of the Amer
lean Bridge Company. In Pittsburg 700
skilled and 1000 unskilled men are out. The
strike will delay work on the Fort Wayne
the Wabash and Tenth-street bridges in
Pittsburg and will tie up all structural iron
work in the district
A bill was introduced in the Illinois House
Friday by Mr.. Clettingburg. 1t is a bill to
authorize cities to own and operate street
railways. The bill provides that every city
in the State shall have the power to own,
construct. acquire and operate street rail-
ways within its limits, and to lease the
same or any part thereof, for any period
not longer than twenty years. on such
terms and conditions as the CITY Council
shall deem for the best interests of the
public.
A combined lockout and walkout of the
United Metal Workers has taken place in
the principal shops of Los Angeles where
cornice and metal work is done. The trouble
is said TO be the forerunner of a general
strike of all union labor organizations in
various building trades. The men have
asked for an increase TO $3.50 per day for
certain journeymen and the employers have
employers be privileged to introduce a slid
ing scale of wages for various workmen
according to ability. The union men are
not satisfied with this agreement
The nonunion motorman and conductor of
a street car on the Waterville, Conn.,. line
were assaulted by rioters Thursday night.
The motorman, named Morrisette, had his
skull fractured and may die. The conduct
or, whose name is Lamont, received injuries
less serious. According to the conductor S
story the car was boarded at a switch out
side the city by six men, four of whom wore
masks They placed a revolver at the
heads of the railroad employees and ordered
them off the car. The men complied, and
as they did so were set upon and given a
terrible beating. Morrsette was knocked
insensible and laid across the track The
conductor fought his assailants stubbornly
and finally made his escape and notified the
police, who are investigating the affair.
There were no passengers on the car at the
time Of the assault