The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1909-02-20
OUT
YESTERDAY
Both Messrs. William La
mont and Kelly Con-
tinue to Manage
Companies

Probably the most information
that has been received in Hammond
since the news of the locating of the
Standard Steel Car company in this
city, is the report that the United
States Steel company has acquired
control of the American Steel Foun-
dries company.
The fact became known to the local
officials of the simplex Railway AppIi-
ance company through the following
article which appeared on the financial
page of the Chicago Inter Ocean. As
this paper has the most accurate and
authoritative financial news of any Chi
cago paper in Chicago, its report yes
terday Is generally given credence. The
Inter Ocean says:
Report Given Credenee.
Reports are current that the United
States steel corporation has acquired
control of the American Steel Foun-
dries company. and it is said that the
latter's plants will be used for the
manufacture OF steel cars. It is stated
that this can easily be done. for the
reason that the Steel Foundries COM
pany already is the largest manufac-
turer in the world of holsters, frame
work of cars and other parts entering
into the car construction.
THE ten year contract made by the
United States Steel corporation with the
Pressed Steel Car company and the
Standard Steel Car company. by which
the steel corporation agreed not to
enter into the business Of manufactur-
ing steel cars. has expireds The Pressed
Steel Car company and the Standard
Steel Car company are now at liberty
to buy their steel plates in the open
market, and on the other hand, the
steel corporation is unhampered in any
way in manufacturing steel cars.
1T has been known for some time
that large interests identified with the
United States Steel corporation were
purchasers of stock of the American
Steel Foundries company. In fact,
Judge Gary. chairman of the board of
| the United States corporation. is also
director of the American Steel
Foundries company. William Y. Kelley
president. respectively of the American
Steel Foundries company, win continue
to manage the company. under the di-
rection of the steel corporation"
simplex Employees Interested.
This report caused a real sensa-
among the employees of the Simplex
Railway Appliance company yesterday.
| Some of them wondered If there would
be a new regime in the management
Of the American Steel Foundries com
pany and. II so. If it would mean a
general house cleaning in the local
plant.
Others pointed to the fact that the
article states William V. Kelley and
r p Lamont will continue in the man
agement of the plant and offered that
as an Indication that there would be no
radical changes in the personel of the
Hammond office force.
On the other hand many of the Ham
mond employees of the plant take a
very optimistic view of the situation.
They point to the fact that the local
company has been grading its land east
of the present plant for several months
and that it is being made ready for the
new foundries which are to be built
there in the near future.
Old RumOr BObs Up.
1t will also be remembered that there
) has been persistently circulated a ru-
NOR to the effect that the United States
steel company, which agreed not to
build steel cars for a number OF years
is no longer bound by that agreement
and plans to absorb the Standard Steel
| Car company
Should these plans be consummated
it is pointed out that the holsters and
other parts of cars which are built al
the Simplex plant could be sent over
to the Standard Steel Car company's
plant in this city and that Hammond
would become the United States Stee
company's car building center.
? The Standard Steel Car company's
e plant at Hammond is one of the few
D. where there Is almost unlimited room
s for expansion and in fact the lanC
] holdings OF the local company are 81
rf -.