New-York tribune., 1919-12-03

chairman of its board of directors.
Andrew Carnegie then tried to put into
effect q new scale of wages in the
vast works, in which he was defeated
by the Amalgamated Association Of
Iron and Steel Workers and was COM
PEELED to make a three years agree
ment which was not to his liking
The Great Homestead Strike
At the expiration Of that agreement
fn 1892 Mr.. Carnegie determined to
fight the association. SO he put Mr..
Frick in charge Of the campaign to
enforce the new scale. and then he
hctook himself to Scotland. The sequel
was the colossal Homestead strike.
conflicts between armed strikers and
Pinkerton detectives and guards. be-
tore 5000 state troops were called in
to restore peace. Several times at
tcmpts were made to Kill Mr. Frick,
one Of which nearly succeeded.
One day young Russian anarchist
from New YORK, named Alexander
Berkman. bookbinder by trade,
sntSTed sd his asa 0ce shot hn him twice with
with a knife. Then MIR. Frick, badly
wounded as he was, ovcrpowcrcd him
and held him until the police came
Berkman was imprisoned for Il time
and then released to continue his
anarchistic activities. Not until last
week was a final order given for his
deportation, and that order has not
yet been executed The Homestead
strike continued until the end of 1890.
and then ended in a victory for Mr.
Frck.
In Conbict With Carnegie
In that strike. however, were planted
seeds of strife between Mr.. Frick and
Mr.. Carnegie. The latter had gone 10
Scotland to let the former bear the
brunt and incidentally the odium of
the strike. He came back to find that
the odium, such as there was, rested
upon himself, while Mr.. Frick had
loomed up into proportions which
almost overshadowed him. For a time,
however, peace was kept while the
two worked together for the expansion
OF the Carnegie company. Railroad
and steamship lines were procured and
other mining and foundry companies
were absorbed. until the Carnegie Steel
Carnegie intimatcd his desire to retire
from active business, and Mr.. Frick
aspired to succeed him as the head of
the corporation.
He planned to organize Il company
to buy out Mr.. Carnegie To this end
he associated with himself Henry
Phipps, W. H. Moore ard others, and
gave Mr. Carnegie Sl,00Oo0O for
ninety days option on his holdings,
950.O00. To carry out the scheme
S25o.oOo,Oo0 was needed. Mr. Trick
tried to interest j. p. Morgan in it.
but failed. Then the death of Roswell
p Flower caused depression in Wall
Street which made it impossible TO
finance the enterprise. The ninety
days expired. Mr. Carnegie refused 10
g. tend the option. and Mr.. Frick lost
his million dollars.
It was Mr.. Frck's belief that Mr..
Caneeic was animated by personal
Carnegie doubtless did resent the
prominence which Mr.. Frick had at
tanned. and also the personal humilia-
ton which had come to himself from
having his holdings placed upon the
market without finding purchaser
At any rate, he at once undertook to
oust Mr.. Frick from the business. and
accordingly demanded the return Of the
latter's share OF stock. much OF which
Mr.. F!ick was holding under a so-callcd
"ironclad" agreement, TO the effect
that ii was TO be returned 10 Mr.. Car
negie at its par value at anv time when
he might call for il. Mr.. Frick resigned
his Craftsmanship of the board of di-
rectors, but refused to surrender his
stock, on the ground that he had paid
for it with stock of the H. c. Frick
Company and that it did not. there
fore. come under the "ironclad" rule.
Mr.. Carnegie then ordered he board
to declare Nh Frick's stock forfeited
at par; Mr. Frick applied for an in
junction against such action; MIR. Car
negie replied with bitter personal
attack upon his late associate. and d
battle royal was on.
The Great Steel Trust
Then the case was hushed un and
settled out Of court A new corpora
Non called the Carnegie Company was
formed, with Sl6oooo ,0oo in bonds and
an equal sum - stock. distributed
among the stockholders of the old com
pany. This arrange mcnt gave Mr.. Frick
share worth Approximately $3l .0oo.-
600. On the other hand, he met with
another disappointment. for the re-
organization OF the Carnegie Mdustry
s, Fl. ..sasE ssSss Z. 4.