Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1904-04-18
CONCENTRATION.
STEEL TRUST COMPARED WITH
"'3 THE GOVERNMENT.
The Great Corporation Sizes up Pretty Well
With Uncle Sam. The Steel Corporation
Has Large Number Of Employees Than
the United States. i19 fif~-. t'11 7~g

l
report Of the steel trust affords the Wall
Street Journal an opportunity for com.
pairing the size and operations of the
steel trust with other familiar things.
The Journal says that it does this in
order that it's readers may be able to ar
rive at truer appreciation Of the wealth
and business Of this great trust. Unjust
be admitted that the Journal has sue
Geo led in preparing an interesting show
ing: ~. -r... t- a-,-, e.t,.,t..- ts -
"For instance, the asset Of the United
States Steel corporation amount to 49,.
5S3 .S45 ,29s. Now compare that with the
total amount Of cash in the United States
treasury, which is 81 ,4l3, l10,668. '~''i
'The capital stock of the United States
Steel corporation is $S6s, 600, and it's
bonded indebtedness, together with that
OF the subsidiary com panies 1858, 13s, 535,
making total Of 81 ,436,722 1876. Com
pare this with the interest bearing debt
of the United States, which amounts to
1901 47O,95O. ..,,,af,..,., ,c. u
~'Phe, United States Steel pays in in.
terest on its own debt aud that of 1.-The
subsidiary companies $25, 1896, 657 and ii
paid in dividends last year $43, III ,735,
making a total Of sos. 74S 1902. Com.
pare7this With the interest on the gov.
eminent debt in the last fiscal year,
which was, $28, $685. 4S. 4s.,, f.,...-.
"The gross earnings Of the, United
States Steel. in all its departments
amounted to 1886. ,S7l. The receipts
of the United States governmental the
last fiscal year were $3.50, 398,674.H The
manufacturing and operating expenses Of
the United States Steel were $4O9, $685. :.
500, and the expenditures OF the United
States government, less interest," were
SAT- .542. $50. .q-,, a4- t,s,. r.. 5,.,
'The years surplus, of United States
Steel amounted to -$l2,3O4.9 l6.l The
estimated surplus Of the United States
government for the current fiscal year is
$4,000, 900. a+-' = u4a' 5Aa -9ts4-t5
IS q'he United States Steel produced
l5,373,355 tons Of iron ore, or As per cent
of the entire production Of the United
States. 1t made 7,l23,O53 tons Of pig
iron or Al per cent Of the entire produc.
ton Of the United States. It manuiac-
tured S,657 1891 tons. Of coke. or 37upsr.
GENT of the entire product of the United
States. 5lh --r9lJ5Dt7 H79 ~ a-,aT
The number Of stockholders OF the
United States Steel corporation is 1887.
The number Of stockholders in all the
national banks Of the. United States is
S30,l24., ~, ~. ,,r4.ss ...,..-.l w..
1.-THE number Of, employees of the
United States in 1903 was 167, 700. The
number Of employees in the iron and steel
manufacturers in 1900. the last census
year, was 22,607. The amount. of wages
paid by the United States Steel IN 1903
was $l2o, 763, so6. The wages paid to all
iron and steel workers in the United
States in 1900 was $l10, 1886, 1888. ,s, j..
''The United States Steel operated
railroads having mileage of $50. This
tisgreater than the mileage Of. SO we'll
known arailroad as the Chicago& East
ern Illinois, which has 743. 7'@ 7'a g
''There are 1,134 vessels'engaged in the
foreign trade of the United States. The
merchant marine of the United States
Steel corporation amounts to 20 steamers
and ~ barges. a total OF liz vessels" 81.