Rensselaer Semi-Weekly Republican, Volume 22, Number 91, Rensselaer, Jasper County, 2 August 1901 — STEEL STRIKE OVER. [ARTICLE+ILLUSTRATION]

STEEL STRIKE OVER.

CONTENDING PARTIES REACH SATISFACTORY AGREEMENT. J. Pierpont Morgan la Creditel with Effecting the Pact-Concession* Made on Both Sides-Strike Has Involved a Loss of $6,5X6,000. J. Pierpont Morgan has ended the grt’at strike of the Amalgamated Association of Steel, Iron and Tin Workers. It is a drawn battle, ended by mutual concessions. The Amalgamated Association -will ree'ede from its demand that all the sheet and steel mills be put on a union basis. The mills that have not been organized under union rules will so remain. The corporation will agree to pay* a specific scale of wages in all mills, uhion and nonunion, controlled by the American Sheet Steel Company, though all nonunion mills shall remain open alike to men with or without union cards. This is the substance of the understanding reached by Mr. Morgan and President Shaffer of the Amalgamated Association in their conference in New York City Saturday. So fur neither of the contending forces has suffered greatly. The weather has been exceedingly hot and the men look

upon the last month as a vacation during the heated term. Working under the severe strain of the oppressive heat lately would have 'been an unusual hardship at best, and the men think that on this account perhaps many lives have betn saved by the strike. So far as the companies are concerned they are also in better position for work now than they were before the strike. Many of their mills have been repaired and the conditions for an increased output are greatly improved. It is true that a computation of cold figures foots up a total loss of $6,516,000 on account of the strike, of which immense sum $3,060,000 is charged to the combine and $2,556,000 to the strikers, but this loss will soon be made 1 up, owing to the better prices which now prevail and the improved operating conditions as well as the better feeling between the employer and employe. In one respect the strike has been a record breaker. Organized in behalf of a principle rather than a wage scale, it has been remarkably free from violence.

J. PIERPONT MOROGAN.