United States. Congress. House. Committee on Inves.

United States Steel Corporation. Hearings before the Committee on Investigation of United States Steel Corporation. House of Representatives online

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purposes of this company; and the same are worth

$2,996,000" EMPIRE B. Co. Dir.,

Oct. 28, 1901.
capital stock increased from $1,000,000 to $3,000,000. . EMPIRE B. Co. Dir.,

Oct. 28, 1901.
purchased all plants of AMBCONJ. in New York. . . . AMBCONJ.,

Oct. 28, 1901.
plants sold to Empire Bridge Co.: Albany plant,
Brooklyn plant, Buffalo plant, Elmira plant, Gro-
ton plant, Haverstraw plant, and Rochester plant,

for $2,996,500 of stock of EBCO AMBCONJ. Dir.,

Oct. 28, 1901.
JAIRCHANCE FURNACE CO.—

all omitted capital stock and all but 49 bonds bought

by HCFCCO. for $177,000 HCFCCO. Dir.,

Nov. 9, 1895.
FALLS RIVET & MACH. CO.—

bonds for $20,250 held by ASWC. decreased in value

to $10,125 ASWCO. Dir.,

Mar. 10, 1903.
FAYETTE COKE & FURNACE CO.—

bought by HCFCCO HCFCCO. Dir. ,

Oct. 1, 1889.
FEDERAL STEEL CO.—

owned capital stock of Minnesota Iron Co., which in

turn owned stock of the Duluth & Iron Range R. R. 1 — 28.

owned Lorain Steel Co 1 — 28.

owned Illiaois Steel Co i — 28.

was really three separate, good-sized corporations 1 — 28.

came after the forfeiture of Prick's option on Carnegie

Co. (1898) 1—30

Federal Steel Co. was formed by the acquisition of

the Lorain and the E. J. E. (owned by Morgan et al.)

and Minnesota Iron Co. and Illinois Steel 1 — 30; 2 — 67.

began business Nov. 1, 1899 s — 92.

. negotiations for organization 4 — 201-204.

had stock outstanding of $90,000,000 to $95,000,000. . . . 5—258.
Assets of companies merged in Federal Steel Co. were

as follows: Miunesota Iron Co., assets, $22,365,766.91;

Illinois Steel Co., assets, $35,564,341.76; Elgin,

Joliet & Eastern Ry. Co., assets, $14,035,402.08;

and the total surpluses of the three companies of

assets over liabilities did not exrfifirl Sin 000 ono



UNITED STATES STEEL CORPORATION. 4641

FEDEEAl STEEL CO.— Continued.

The Federal Steel Co. was capitalized for$200,000,000. Fed. St. Co. Dir.

Dec. 20, 1898.
The cut in the price of rails in 1897 and 1898 might
have had an influence in tending to the formation

of the Federal Steel Co 8 — 423.

acquisition of at least two-thirds of capital stock of
Minnesota Iron Co., the Illinois Steel Co., and the
Elgin, Joliet & Eastern Ry. Co., and possible ac-
quisition of two-thirds of Lorain Steel Co., Lorain,
Ohio, and the Johnson Co., of Pennsylvania; nego-
tiations through J. P. Morgan & Co Fed. St. Inc. Mtg.,

Sept. 9, 1898.
H. C. FBICK COKE CO.—

Capital stock was originally (in 1882) $2, 000, 000, which
was successively increased as follows: November,
1883, $3,000,000; January, 1889, $5,000,000; Decem-
ber, 1894, $10,000,000; March, 1903, $20,000,000,
upon consolidation with United Coal & Coke Co.,
McClureCoke Co., Continental Coke Co., American

Coke Co., Southwest Connellsville Coke Co HCFCCO. Stockholders'

Min.,
Feb. 8, 1882.
Estimated value of proj)erty of is $45,000,000, as
stated by Lynch, president, and $40,000,000 as
stated by Frick, on the basis of estimating .|1,000,-

000 value of 110 acres of coal HCFCCO. Dir.,

Jan. 28, 1899.
consolidation. Mar. 28, 1903, agreement with various

coke companies HCFCCO. Stockholders'

Min.,
Mar. 30, 1903.
Carnegie claimed fixed contract price of $1.35 for
coke for Carnegie Co. This was disputed by Frick

andLynch HCFCCO, Dir.,

Sept. 27, 1899.
$2.50 suggested as price to be charged Carnegie Co. . . HCFCCO. Dir.,

Nov. 22, 1899.
protest against $1.35 contract with Carnegie Co., from

John Walker and S. D. Schoonmaker HCFCCO. Dir.,

Feb. 6, 1900.
taken over by new board and contract with Carnegie
Co., upheld and resolution denying contract re-
scinded HCFCCO. Dir.,

Jan. 10, 1900.
compelled to execute contract with Carnegie Co. for

all coke required by Carnegie Co. for fl.35 HCFCCO. Dir.,

Jan. 10, 1900.
$1.35 a ton price fixed for coke to be sold to Carnegie

Co. by HCFCCO HCFCCO. Dir.,

Jan. 24, 1900.
Contract with CSCO. caused loss of $1.63 a ton from
market, or about $4,000,000 a year to HCFCCO.
and caused refund of $596,000 on account of coke

Bold during previous year Bridges's Inside History of

the Carnegie Steel Co.,
page 329.
received $20,000 first mortgage bonds and $4,526.76
certificates of debentures of Troy Steel Co., in

settlement of HCFCCO. claim for $6,526.76 HCFCCO. Dir.,

Jan. 22, 1896.

had 38,715 unmined coal Jan. 1, 1900 HCFCC. Dir.,

Jan. 24, 1900.

56,372 acres total unmined owned or controlled HCFCCO. Dir.,

Dec. 27, 1905.



4642 UNITED STATES STEEL COEPOEATIOX.



H. C. FBICK COKE CO.— Continued.

Southwest Coal & Coke Co. stock bought, one-half to
be held in trust by Stirling and Morse. In the
agreement is provided, "It is fiu-ther agreed that
aB parties hereto shall uss their best efforts to ob-
tain rebates, concessions on freight, or allowances
of any kind as above set forth, for the purpose
herein specified"; and "all rebates, commissions
on freight rates, or allowances of any kind shall
go into the treasury of the company who made

Soke" HCFCCO. Dir. Min.,

Jan. 25, 1885.
Pittsburg & Connellsville Gas & Coke Co. bought.... HCFCCO. Dii-.,

May 11, 1888;
Dir., Mar. 28, 1889;

bought Chicago & Connellsville Coke Co HCFCCO. Dir.,

May 20, 1889.

Connellsville Coal & Iron Co. bought HCFCCO. Dir.,

June 21, 1889.

Kyle Coal Co. bought

Fayette Coke & Furnace Co. bought Dir.,

Oct. 1, 1889.
bought one-third Oliver property consisting of 326,-

514 acres HCFCCO. Dir.,

Oct. 17, 1889.
Coke Co. of Connelsville bought for $420,000; owning

1,188 acres coal and 276 acres surface HCFCCO. Dir.,

Dec. 26, 1889.

Coke Co. of Connellsville bought HCFCCO. Dir.

Dec. 26, 1889.

J. C. Strickler Coke Co. bought HCFCCO. Dir.,

June 10, 1890.
bought 99 shares of United Coal & Coke Cor. for

$4,943.36 HCFCCO. Dir.,

Oct. 24, 1890.
bought one-half capital stock HMtetter-Connells-
ville Coal Co., for $10,000; the capital stock being
$1,500,000. There was a mortgage of $1,500,000,
but no bonds were to be paid until the end of 50
years unless out of sinking fund. In addition to
one-half of the stock, a certain number of shares to
be put in escrow by Whitney to ^ve control to
Frick Co., in case of the death of Whitney, or sale of

his shares HCFCCO. Du-.,

Oct. 24, 1890.
bought Moore's interest in Restone Coke Co.,

HCFCCO. owning other two-thirds HCFCCO. Dir.,

Oct. 24, 1890.

bought 40 shares Redstone Water Co HCFCCO. Dir.,

Oct. 24, 1890.
purchase of 271 acres Ferguson coal, advocated in part

to prevent McClue Coal Co. from buying HCFCCO. Dir.,

Oct. 24, 1890.
Youngstown Coke <'o. one-fourth interest brought
HCFCCO. owning three-fourths already. Price

$47,000. (May 9, 1895) HCFCCO. Dir.,

May 9, 1895.
Youngstown Coke Co. all assets bought for $185,000. . HCFCCO. Dir.,

May 11, 1895.
bought McClure Coke ('o.'s 620 acres coal and improve-
ments at $850 or $900 acre, and $200,000 for all its

625 cars HCFCCO. Dir.,

July 8, 1895.

Fairchance Furnace Co., all ca£
49 of the bonds bought for $1"



UNITED STATES STEEL, CORPORATION. 4643

H. C. FEICK COKE CO.— Continued.

bought one-hali Calument Coke Co., HCFCCO. own-
ing other one-half HCFCCO. Dir.,

Feb. 1, 1899.
15,000 shares of Hostetter-Connellsville Coke Co., at

$120 per share, bought HCFCCO., Stockholder's

Min.,
Jan. 14, 1908.
Haggaley property purchase from Puritan Coke Co.
for $355,500 in three annual payments, at 5 per cent,
and assumption of mortgage of $270,000 or better

terms USSC. Fin. Com.,

Jan. 25, 1910.

Pittsburg Coal Co., contract at $1,450 acre HCFCCO. Dir.,

June 26, 1911.
earned $3,498,200 in 1899 and paid 24 per cent divi-
dends, or $2,400,000 Jan. 1 to Dec. 31, 1899 HCFCCO. Dir.,

Jan. 24, 1900.
18 per cent dividends, or $1,800,000, Jan. 1 to June 30,

1900 HCFCCO. Dir.,

Apr. 30, 1900.
Carnegie Co. contract at $2 for all requirements July,

August, September, 1900 HCFCCO. Dir.,

Aug. 28, 1900.
Earnings 1900, $6,445,000; dividends 43 per cent, or

$4,300,000 HCFCCO. Dir.,

Jan. 9 and 30, 1901.

Statement of operations, 1901 HCFCCO. Dir.,

Jan. 16, 1902.

36 per cent dividends of $3,300,000, 1901 HCFCCO. Dir.,

Jan. 16, 1902.

43 per cent paid 1902 HCFCCO. Dir.,

Dec. 24, 1902.
58 per cent dividends, or $10,250,000, paid for 1903... HCFCCO. Dir.,

Jan. 12, 1904.
20 per cent dividends, or $4,000,000, paid 1905, and
earnings, $4,765,000, plus $264,000 earnings of Hecla

Coke Co. and one-half Hostetter Co HCFCCO. Dir.,

Dec. 27, 1905.

43 per cent dividends paid 1906 HCFCCO. Dir.,

Dec. 17, 1906.

17 per cent dividends, or $3,400,000, 1907 HCFCCO. Dir.,

Dec. 21, 1907.
$6,050,000 earnings upon 10,715,000 tons of coke man-
ufactured and 760,000 tons shipped HCFCCO. Dir.,

Dec. 21, 1907.
16 per cent dividends, or ^3,200,000; earnings $3,-
562,000 upon 6,223,900 tons of coke manufactured,

550,200 tons coal shipped, and 925 acres mined HCFCCO. Dir.,

Dec. 17, 1908.
27 per cent dividends, or $5,400,000; earnings $5,-
812,492.77; coke manufactured, 10,180,928 tons;

coal shipped, 1,029,881 tons HCFCCO. Dir.,

Dec. 20, lylO.
22J per cent dividends, or $4,500,000; earnings $4,-
419,508.57 on 9,735,879 tons coke manufactured;

1,237,602 tons coal shipped HCFCCO. Dir.,

Dec. 19, 1910,
GEORGIA CENTRAL RY.—

referred to by Perkins in connection with his state-
ment that the Trust Co. of America was doing a
business which was not strictly a trust company

business 2:?— 1535.

Thome said to own a controlling interest in the Geor-
„;„ P^^t-^i T>.. 2;— 1505.



4644 united states steel cokpobation.

ginning; companies—

675 shares of 18 small companies bought for $19,050
and marked down to $8,651.25 (as advised by Mr.
Harrison of Atlanta Compress Co.) can not be sold
for more than 30 to 40 cents on the dollar. Mr. Bope
recommends the sale of these stocks "and as the
purpose for which they were taken has not been ac-
complished, as evidenced by the fact that the ship-
ments of cotton ties this year amount to about
2,500,000 bundles, we may as well sell them."
"These are stocks of the companies which favored
square bales for cotton and seed out cotton ties

exclusively" CSCO. Dir.,

June 8, 1909.

CSCO. resolved to get rid of stock in 18 ginning com-
panies which had used the square-bale process, and
which were not profitable. To be disposed of as
C. C. Harrison, president Atlanta Compress Co. can

dispose of the same CSCO. Dir.,

June 15, 1908.
GLASGOW IRON CO.—

manufacture iron plates for standpipes, tanks, boilers,
ships, bridges, and largely skelp (12 - 814), and some
small quantities of steel slabs rolled into plates IS — 805.

was member of the Steel Plate Association; deposited
$4,000 with W. L. King, treasurer; made monthly
statements or reports to Temple; and was not to
exceed 40,000 tons per annum; were penalized
$1,700 for exceeding allotment if— 806-807.

GBANITE CITY LIME & CEMENT CO.—

sold ASWCO. Dir.,

Dec. 19, 1905.
GBANITE CITY WERE WORKS—

Voncamp proposition referred to in telegram from
Alfred Clifford to Max Pam, dated Apr. 24, 1901,
relating to purchase of judgment, redemption, etc.,

referred to Edenbom with power USSC. Ex. Com..

Apr. 25, 1901.
GREAT WESTERN MINING CO.—

mining contract guaranty by USSC. to be exhibited

to stockholders USSC. Dir. ,

Feb. 26, 1904.
GREAT NORTHERN RAILROAD—

is a HiU road, so called 5 — 88.

had control of large quantity of ore properties and

leased ore lands to some USSC. companies S — 88.

ore leases subject to cancellation in 1915 S — 88.

ore lease not made by Great Northern, but another

corporation or trustee 5 — 88.

certificates were issued to stockholders of Great

Northern as a dividend S — 88.

Northern Pacific Railroad has large holdings in

Mesabi 3 — 90.

GRISWOLD WIRE CO.—

"are the only ones making ties in opposition to our
company," and purchase of the Gnswold Co. voted

for $75,000 or better USSC. Ex. Com..

June 3, 1902.

at Braddock, Pa., bought for ?100,000 ASWC. Dir.,

July 15. 1902.



UNITED STATES STEEL OOKPOEATION. 4645

M. A. HANNA & CO.—

Carnegie Co. contract with Hanna Co. to pay one-half

cent on all ores used by National Steel Co. to be

canceled, because no service was rendered

got 7i cents a ton on all shipped from Winthrop and

10 cents on Chapin

got $100,000 from National altogether and CSCO. paid

them $30,000 in 1902 CSCO. Dir.,

Feb. 24, 1902.
HABEIMAN RAILROADS—

orders for 0. H. raUs from TCI. were 150,000 tons and
over and several previous orders for trial lots as
high as 50,000 tons iS— 1231-1233.

HARVEY UNITED STEEL CO. (LTD.)^

concessions from, desired by CSCO., one of which is
"that we want to be protected from Mid vale to the

extent of the royalty on the armor " CSCO . Dir. ,

June 27, 1904.
HECLA COKE CO.—

togetherwithHeclaSupplyCo.,boughtfor$2,000,000. HCPCCO. Dir.,

Apr. 26, 1905.
HECLA SUPPLY CO.—

together with Hecla Coke Co. , bought for $2,000,000 . . HCFCOO. Dir. ,

Apr. 26, 1905.
HOSTETTER-CONNELLSVILLE COKE CO.—

entire ownership purchased USSO. Pin. Com.,

Aug. 27, 1907.

1,500 shares bought by HCFCOO HCPCCO. Stockholders'.

Min.,
Jan. 14, 1908.
record in suit of J. W. Shields v. Hostetter-Connells-
ville Coke Co 5—219.

ILLINOIS STEEL CO.—

capital stock, $18,650,000 and $9,822,000 bonds 2-68.

was amalgamation of north Chicago, south Chicago,

Union and Joliet and building of New South

Works 2-67.

and owned C. L. S. & E .2-67.

North Chicago Rolling Mill Works, but two plants;

one at nortti Chicago and one at Bayview, or south

Milwaukee ^-28.

Gates acquired ore land for Illinois Co. and that

resulted in amalgamation with Minnesota Iron Co. 1-29.

owns trackage rights over C. & E. Ills ;2-67.

owns trackage rights over E. J. E ;?-67.

owns S. W. Connellsville Coke Co., Mount Pleasant,

Pa 2-67.

owns Eureka Coal Co 2-67-68.

owns iron ore in Michigan 2 — 68.

owns iron ore near Milwaukee i— 68.

owns quarries, etc 2 — 68.

manufactiued pig iron, ingots, blooms, billets, plate

and rails, some rods and some merchant steel 2 — 68.

Illinois did not make same products as Lorain, and

did not compete with Loram 2 — 62.

capital stock was increased from $25,000,000 to

$50,000,000 on Peb. 18, 1891 Ills. St. Co.Wir.,

Feb. 18, 1891.

-= p1 Co Ills. St. Co. Dir.,

Dec. 14,[1898.



4646 UNITED STATES STEEL COEPOBATION.

ILLINOIS STEEL CO.— Continued.

sold 218 Bhares USSC. preferred to USSO Ilia. St. Co. Dir.,

Dec. 14, 1905.

executive and finance committees abolished Ills. St. Co. Dir.,

Dec. 14, 1898.

executive committee appointed Ills. St. Co. Dir.,

Jan. 16, 1899.

made billets at Cleveland and Youngstown 7 — 369.

Am. Steel Hoop Co. had an agreement with this com-
pany to pay them $150,000 to stay out of the cotton-
tie business CSCO. Dir.,

July 30, 1901.
was in and remained in Structural Steel Association. ^4 — 1711.
J. R. Van Ormer told Kauffman that the president of
the Illinois Steel Co. said that Huston should have
kept the Lukens pool agreement personal to him-
self and should have a typewriter to do it, and that
he should have stayed with the typewriter while he
was doing it. The agreement was dated and

printed Nov. 9, 1900 10—552.

agreements authorizing certain railroads to use

premises of various works Ills. St. Co. Dir.,

June 9, 1909.
(Note. — The consideration for these agreements
should be examined for agreements as to per-
formance of switching and railroad service for
special rates, etc.)
bill of sale of about 2,000 cars (numbers specified) of
CLS&ERRCO. to Ills. St. Co. for $2,401,891.13... Ills. St. Co. Dir.,

June 14, 1905.
cars in above bill of sale leased to CLS&ERRCO. for

$150,000, etc Ills. St. Co. Dir.,

June 14, 1905.

sale of cars to CLS&ERRCO. for $2,401,891.13 (this

bill of sale includes same list of cars that were sold

to Illinois Co. by bill of sale of CLS&ERRCO. in

Illinois Steel Co.'s directors' minutes June 14,

1905) 111. St. Co. Dir.,

June 9, 1909.

properties specified Fed. St. Co. Dir.,

Dec. 20, 1898.

lease of Indiana Steel Co.'s Gary plant 111. St. Co. Dir.,

Mar. 15, 1910.

Universal Portland Cement Co. agreement to lease

to, lands of cement plants Nos. 1 and 2 and convey

plants Nos. 3 and 4 and buildings, equipment, and

trade-marks in consideration for delivery of all

capital stock of $1,000,000 111. St. Co. Dir.,

Sept. 28, 1906.
Universal Portland Cement Co. plants repurchased

and leases canceled 111. St. Co. Dir.,

June 10, 1908.
lease cement plants 2, 3, 4, to Un. P. C. C. for rental
of 80 per cent of net income after deducting ex-
penses and $25,000 111. St. Co. Dir.,

June 10, 1908.
rental charged Universal Portland Cement Co.

reduced to 60 per cent of net income 111. St. Co. Dir.,

June 8, 1910.
rental charged by CSCO. increased from 20 per cent
to 40 per cent tt_ t. ^^-j^ ^t ^-

dividends, see last page of minu ^iiiniili i.



X7NITED STATES STEEL, COBPOEATION. 4647

INDIANA STEEL CO.—

Gary plant leased to Illinois Steel Co 111. St. Co. Dir. ,

Mar. 15, 1910.
INLAND STEEL CO.—

of Chicago, and Youngstown Sheet & Tool Co., of
Youngstown, Ohio, and a new steel plant at Cleve-
land, Ohio, are all the new concerns of any impor-
tance organized since USSX IS — 867.

INTEBNATIONAL HABVESTER CO.—

Perkins organized it and had Gary, Beam, and Baker
put on board and committee to accomplish certain
objects, i. e., "development of foreign business and
labor problems, profit-sharing problems, etc." 23 — 150.

Perkins became associated with it upon its organiza-
tion in 1902 ;?0— 1419.

Perkins chairman finance committee ZS — 1641.

has on finance committee George W. Perkins, George
P. Baker, Elbert H. Gary, and Norman B. Ream;
and USSC. has E. H. Gary, George P. Baker,
George W. Perkins, Norman B. Ream, and J. P.
Morgan, jr «— 1642.

statement by Bancroft, counsel for Int. Harv. Co H — 1748-1756.

nvestigated by Burdette D. Townsend for attorney

general i;2— 792.

i^— 825-839.

certificate that Townsend report is true copy 23 — 1643.

Department of Commerce and Labor, investigating . . 12 — 799.

Hansbrough Senate resolution to request the Depart-
ment of Commerce and Labor to defer investigation
of International Harvester Co. until the Depart-
ment of Justice could proceed in the case 12 — 795-798.

names of officers, finance committee, and directors
in the International Harvester Co. and also in the
USSC 12—%Q2.

prices abroad compared with United .States prices. . . 23 — 1644-1645.

letter from La Crosse Plow Co., signed also Dickinson,
stating they are independent competitors of the
International Harvester Co., denying that goods
are sold for less abroad than in United States,
and chaining that USSC. allows a rebate to Har-
vester Co 21—\hYi.

has arrangement with State of Kansas whereby State
shall regulate prices at which the Harvester Co. can
sell within its borders. Bope says it is an arrange-
ment which so far as he knows has never been suc-
cessful before CSCO. Dir.,

Feb. 8, 1909.

International Harvester Co. has a plant at Hamilton,

Ontario CSCO. Dir.,

July 6, 1903.

to get business for CSCO. it was necessary to quote as
low as one-fifteenth or one- twentieth, which was so

low the business was let pass CSCO. Dir.,

July 6, 1903.

makes its own steel in Wisconsin Steel Co., a subcom-
pany, and purchased in 7 years prior to Aug., 1910,
only 10 per cent of its steel from USSC. and 30 per

cent from competitors Bancroft's statement for

Int. Harv. Co.
«4— 1753.

- — ^^ USSC. Fin. Com.,

Dec. 9, 1902.



4648 UNITED STATES STEEL, CORPORATION.

INTEENATIONAL HARVESTEK CO.— Continued.

failed to reach any agreement with USSC TJSSC. Fin. Com.,

Nov. 28, 1904.

failure of negotiations with USSC USSC. Fin. Com.,

Sept. 27, 1904.

purchase of Acme Harvester Co. suggested as outlet for

products of USSC USSC. Fin. Com.

Sept. 27, 1904.

Commissioner of Corporations requested to furnish
evidence held by his department as to relations be-
tween International Harvester Co. and USSC. and
railroad companies in which E. H. Gary, Geo. H.
Baker, or Geo. W. Perkins is director 1^ — 803-5.

Commissioner of Corporations declined to state, under
the law, whether there had been an agreement be-
tween the International Harvester Co. and the
USSC i2— 802.

contract referred to ■ CSCO. Dir.,

July 10, 1911.

price of 1.46^ given to them by Illinois Steel Co.,
which is below the market, and price will not be
announced, and was given "to these people with

view of their position as manufacturers" CSCO. Dir.,

July 27, 1903.

competition of, is so serious as to threaten existence of
a good many of the smaller agricultural concerns,
and CSCO. gave independents a price of 1.40 cents
for 15 days and afterwards price of 1.50 cents while

they wanted price of 1.30 cents CSCO. Dir.,

Apr. 2, 1906.

International Harvester Co. are "extending their
operations to almost everything the farmer needs."
They_ could now manufacture all the binders needed
in this country and are making other lines of agri-
cultural machinery, and have recently gone into the
manufacture of wagons. They turned out 12,000
wagons last year, have doubled capacity for this
year, and next year expect to turn out about 100,000.
They make all their own steel, and all this tonnage
has been taken away from the steel manufacturers.
After carefully considering the matter, we decided
we could not grant the price they (the outside agri-
cultural makers) asked for — 1.30 cents — but that we
would make them a price of 1 .40 cents. We got to-
gether on Saturday and, while we did not vote a
certain price, we came to the understanding we
would reduce the price to the agricultural and
wagon manufacturers only for 15 days, and those
who did not come in by that time will have to pay
1.50 cents. The matter was put up to the com-
mitter that waited upon us and they claimed to be
very indignant, and they said they were going to call
a ineeting of the association in Chicago and start a
tariff agitation among the farmers against the Steel
Trust CSCO. Dir.,

Apr. 2, 1906.
prices reduced from 1.50 cents to 1.40 cents for limited
time, but not accepted by independent agricultural
makers Gen. Man. Sal. Min.,

. , . , , . Apr. 18, 1908.

prices to independent agricultural people made at ad-
vance of $4 per ton advance over last year's prices
with the exception of reexport material Gen. Man Sal Min



agricultural implement people i^

P"ces



UNITED STATES STEEL. OOEPORATION. 4649

INTEBNATIONAL IRON AND STEEL ASSOCIATION—

suggested in fall of 1910 upon the visit of the foreign
manufacturers to United States S — 81.

INTEENATIONAL NICKEL CO.—

contract to sell to USSO. at 5 cents less per pound

than other purchasers 23 — 1633.

5 cents less a pound to USSO. than to other customers

for nickel USSO. Fin. Oom.,

Jan. 26, 1904.
INTERSTATE TRANSIT CO.—

contract with Illinois Steel Oo. giving preferential to
use 1,194 cars in consideration of agreement of Illi-
nois Steel Oo. to pay unpaid balance upon 60 prom-
issory notes for $440,000 in case of default by Inter-
state Transit Oo 111. St. Oo. Dir.,

May 7, 1890.
JACKSON ARCHITECTTTAL IRON WORKS—

owes OSOO. about $50,000, and various banks, and
Wilson, of Jackson company, is not well posted on

their financial affairs OSOO. Dir.,

Mar. 16, 1903.
JOLIET STEEL CO.—

bought by the Illinois Steel Co 111. St. Oo. Dir. Min.,

May 4, 1889.
JONES & LATJGHIJN-

account in Steel Plate Association 11 — 644.

to be seen about Dering harvester matter USSO. Fin. Oom.,

Apr. 21, 1903.

had to put out an additional issue of $10,000,000 of
bonds, and they have used the first issue of

$15,000,000 OSOO. Dir.,

May 29, 1911.

sold 250,000,000 or 300,000,000 tons Mesabi ore for

1901 USSO. Fin. Com.,

Apr. 10, 1901.

own Lake Angeline mine in the Marquette Range . . 7 — 394.

made billets 7—369.

have been running 30 years 1 — 56.

own ore mines 1 — 56.

have holdings on Mesaba Range 3 — 89.

JUNIATA COKE CO.—

capital reduced from $3,000,000 to $200,000 ASWCO. Dir.,

Mar. 21, 1905.

property purchased for $148,000 by HOFOOO HOFOOO. Dir.,

July 27, 1908.
KELLY & JONES CO.—

sold goods for Trenton Iron Co., which used to furnish
a statement of the prices at which goods were to be
sold, but lately Mr. Jones says there has been no
restriction on prices. The K. & J. Co. were not in



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