Rock Island Argus., 1916-01-22

MR.. TAVENNER: Are there any rea-
sons, other than purely patriotic ones,
why officers and directors of the Nick
ell trust might be urging through the
Navy league. a $500, 100000 bond issue
for battleships, and so forth? Light
may be found on page $3.50 of the
Congressional Record, last session.
The table in question is headed Met
al per ton of armor," and is part OF
the report of Senator Tillman, Repre-
sentative Padgett and Admiral Strauss,
of the navy department, as to the cost
of manufacturing armor plate.
This table states that of every 1924
worth of metal used in the manufac-
ture of armor plate $2,953 represents
the value of the nickel scrap and s1,466
represents the value of the metallic
nickel used in the manufacture of ar.
NOR.
Information is not given as to the
amount of metallic nickel in nickel
scrap, but l understand that the value
of metallic nickel in ton of nickel
scrap is approximately so per cent OF
the value of nickel scrap. This would
mean that 2,942 represents the value
of the nickel in every s5,274 worth of
metal used in the manufacture of ar
NOR.
The 1914 hearings of the house naval
affairs committee also contains (p,
522) an estimate of "cost of ingot,"
which states that in every $3,028 worth
of metal used s753 represents the value
of the nickel in scrap, $S40 the nickel
in plaquettes, and s447 the nickel
chrome scrap, nickel turnings, and
nickel-chrome rails. Estimating that
the nickel in the latter three items
represents approximately one-third Of
the whole value, it would mean, under
this estimate, that $1,742 represents
the value of the nickel in every $3,02S
worth of metal used in the manufac-
ture of armor.
The International Nickel Co., does
not sell directly to the government
but to the various concerns that pro-
duce the finished article.
Nor is the use Of nickel confined
to armor plate. 1t goes into ammuni-
| ton hoists, communication tubes and
turrets, deck, hull, and ship platee
guns and gun shields, -ifles and small
arms, torpedo air reservoirs, marine
straight-line shafting, crack shafts
piston rods, and other marine engine
! forgings.
Colonel Thompson the president OF
the Navy league, in addition to being
the head of the International Nickel
+, Co., is a director of the Costa Rica De-
velopment Co., the Massey Station
| Mining Co., and member of the firm
/ of S. H. P. Pell & Co., 43 Exchange
/ Place, New York city. Mr. Pell, the
head of this firm, was a director Of
the American Mines Development Co.
International Nickel Co., Massey Sta
ton Mining Co., North Butte Noun
tain Copper Co., and 10 other corpor
ations.
The International Nickel Co., wa!
created through consolidation of tn,
international Nickel Co. and the Col
onial Nickel Co.. and is credited will
controlling the nickel market of tn,
world. The corporation owns all tn
shares of the Canadian Copper Co., ant
of the Societe Miner Caledonienn
New Caledonia) and the controlling
interest in the Nickel Corporation
LTD, of Great Britain. The Inter
national Nickel Co. acquired all tn
assets of the Oxford Copper Co., an,
the extensive refining works at Bay
! onne, N. j., are now operated unde
! the name Of the Oxford Works. Th
, properties owned by the Canadian
Copper Co., include large deposits O