The Black Hills union and western stock review. [volume] (Rapid City, S.D.) 1904-19??, 1909-11-26
upt. lCreir Issues Order to
y Close to Forestall a Strike
81 of the Miners.
ho1eEs We're POSTED on LAST WEDNESDAY,
.Rllne Closed Indefinitely at $500 .. m.
Means Heavy Loss to Many
81 People of the HlIls.

aHuaEy Only nOn-unlOn men WOulO
u be employed in the Homestake mine
near Lead, Supt. Grier on Wednesday
posted notices that the mine would
close indefinitely at 500 p. m. This
was the date set by the union when
new men could become members.
The order was for the purpose of fore
stalling strike, which appeared in
evitable, and causes a lockout to be-
come in force. The. indications are
the mine will be closed for some
time with no attempt to operate it
during the winter.
This means a great calamity for
Lead, as over half the population of
the city Is deprived of employment,
their only means of subsistence.
This will put the business of the city
In bad way and If long continued
will be great hardship on the business
interests as we'll as on the miners and
their families dependent upon them
for food. In addition to Lead all
towns and cities In that section of the
Hills will be affected.
The Deadwood Telegram of the 24th
inst, commenting on the situation,
said:
In view Of this, the business men
of the townshave been urging COM.
promise settlement. The only one
possible is for both sides. to agree to.
60 back to the status before this trou-
BILE. For the Union to recind its de-
cision not to work with non-union
men, and for the 'Homestake to with
draw its ultimatum that no union
men would be employed. The union,
having attained its object in getting
nearly allthe non-union men into the
union, could afford to yield this much
to avoid dire calamity involving the
entire northern Hills. 1t is said on
good authority that they are willing
to meet the Homestake on halfway
grounds and make the concession. If
SO, the bushes men of Lead, as mutu-
al friends, should see that it is put up
to the Homestake company. Public
sentiment would condemn the COM
pany If it would not accept such a
proposition and meet the men half
way.
4
'Such compromise would not be
discreditable to either side and would
avoid great suffering and probable
loss of life."
WILL LAST LONG.
Lemuel Overpeck, who has been en-
ployed at the Homestake mine, was
in the city yesterday and expressed it
as his opinion the time was very in.
definite when work would be resumed
at the mine. He intimated that
many people in Lead were of opinion
the condition is welcomed by heavy
stockholders in the corporation, as it
will offer an opportunity for the large
holders to buy up stock at greatly re-
uNOCA pAASos
It is stated there Is some $1,000, 900
of stocks held by numerous small In
vestors throughout the country. The
stock of the corporation is not listed
on the exchange, yet it is claimed to
have sold readily at 81 less than two
months ago. Last Monday in went to
78 and now it claimed to be between
60 and 81. Several large holders sold
at the higher margin in anticipation
Of a slump and with intention of buy
ing at low price. There are predic-
tions Of it going to as low as SO or
lower. The Homestake is and has al
ways been good property. !.
Many miners are already leaving
Lead, going to other mining districts
to secure work. Nearly all of them
are single men who could depart on
short notice.
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