The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-07-29
IDLE STEEL MILLS
tconttrusd from Page one)

quence. tho great steel tndustry-the
r,vocal Industry Of the natjon--!s tied
10 as never before since the panic days
o. 1866 Fully 20 per cont OF the
Steel Corporations 26T5+S highly
paid" employees In 1920 have been COM
r.ctcly "ltQu.datcd" full lNO per cent.
because they have been suana-ly dis
charged and Tor months OF time have
hem de and wa geicss. The percent
axe 90 unemployment. among all the IN
,o2radeac stec! manufacturers is even
greater than this, AMI down IN Esrming-
ham. where the Stcr, Corporation cap
turrd 4 principally N iron properties
A. .yO7. they are already raising charity
tlnds TO feed the unemployed
I.He news nuts come from the Pitts
hu~ch anl Youngstown d!S;rtc; because
tn. ltttsburch dispatches tell "a that
tn S:Net nea ar" Saving money by
closing down their p.arc5. Meanwhile
the. rising tide ~ unemployment "a rap
!G.y cutting down IN" sales OF every
merchant who udvcr:!scS IN the pages
o. Tho Globe: the same IS true o: cve-y
now spaper and ev"ry magazine pub
ushe,I in every part OF the country:
and in all Ines OF mechanical. Construc-
tie and produrt,vc Industry tho exam
Pc Of the stcei leaders - fast spread
l.: uncertainty and the gravcst apr
hras:on.
Iron tho Barometer
/: - high ;ime. therefore. that the
living generation should learn anew III"
lesson which i've generations OF Amer
lean business men have learned h"for"
namely: That i - n actual fact as
we'll a. Theory thar iron - the hnroal-
e;r- rt trade" because steel Ia the one
Indispensable material which enters IN
To- he manufacture or production OK
everything ,ha: Wa buy. sell. ami use.
in other words. We 1--we In Il :rerhan-
tea! age machinery l.OrIs all ne secrets
Of cheap production and quick trans
ror,a,,ua. and hence SOL !oriH9 IN"
bass, he superstructure. and III" &C
t,H, mechanism Of AL constructive IN
d.Stry Steel mak!n- ~. therefore. the
KEY industry OF tho natiOn--the indus
try Which must lead .\nd Just so sure
!, az the stars shine "" can never
hope 20 pull out OF this Industrial, de-
preston 4ntU th"sH steel mills are IN
0..'iN" operation once more.
rs an engineering sd:tor I happen -
have published The Com2i"i" COS,
h,npc-.'' hv he late Horace l.. Arnold
a book now out OF print. bcrarS" l.
published s>.!r Sor,y-odd s.anda ri
the cn.;:necrsas ae,d. Du~,a2; the pas;
tw-n,. >"ays ! hI.e also published
some rnr,y-Cdt STANDARD WORKS. on tho
new science Of management n" essen
tlal basis oc which Is ac"uCat" cost AZ
c0untin: With such technical eNHeC-
ienre a. guide Il vii lnow b" an easy
matter 10 clear up no situation FOR
non technical rcadctr BY simply pre-
sentlng elemental am recorded :2''N
What sch~ab Said
Charles " Schwab knows as much
about the cost Of producing steel as
any man alive today and IN his famous
and historic letter OF November -. 1899
Page 81. History Of the carnegie
steel Company" by J. II. Br:IrH). Mr..
Sch~ab used these enact words:
y know positively that England
canno, produce pig iron ~ actua! cost
for less than $ll.J0 per ton. cen A.
lowing no profit on the raw materials
and cannot put PIX iron into rail
wi:h their mos; e.!ic..n: works ;"r
:, ..;i.ln $50 yer tn. THIS w"U,d
r -. rails 4, net coS' ~ .hcn OF $40.
~. IN Sc. at tbs price and ship
...r..,l 50 aS - not Us 81 4. WORKS
i.- .r".ED business. nearly 80 good
= ....:a- h'I%!;."Ss hts boon. What -
t~;.. o.: rails - equally t-ue Of o;h"r
St.. rrrCGr;S rs a rcsuit Of thIs
y. .,:,. gong - control the steel bus
I!,..~S e The world.
.N8.! snow ~" IN mako rails for
,..,s ...u 8 t..r ton. caring q nice
rn.;..n on foreign business BESIDES
i..S fo-rl"u costs ar, going 20 In
crease year by year b.yivSr they have
no, The raw mater ais. WIZ" ours ar"
ru.n~ % decrease. T." rcs':t; ~ all
,Ns - .hyt ~. VIII be- abe l. Seil