The National Cyclopaedia of American Biography Volume 10

The National Cyclopaedia of American Biography Volume 10

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1900 edition. Excerpt: ...remarkable qualifications as an organizer and director of vast business interests shown by Mr. Frick brought him an offer, in 1889, of an interest in and official connection with the Carnegie concerns. He was admitted to the firm of Carnegie Bros. & Co., Limited, as its chairman, and on the consolidation of all its interests, except coke, under the title of the Carnegie Steel Co., Limited, in July, 1892, Mr. Frick became the executive head of the new association, with a capital of $25,000,000. He has necessarily been brought into public prominence occasionally through the labor disturbances incident to the operation of such great indus trial enterprises, notably that at the Homestead works of the Carnegie Steel Co., in 1892. Because of additions to the mills and the introduction of improved machinery designed to lighten labor and at the same time increase the product, a number of men, known as "tonnage men," who were paid certain fixed rates per ton of product, were enabled to earn wages in some cases 100 per cent, higher than was contemplated by themselves or the company when the wage scale wits made three years previous; wages unreasonably high, entirely out of proportion when compared with those of other men in the same mill, and very much in excess of the wages paid for similar work by the compel itors of the compauy. In the negotiations between the officials of tlie company and the officials of the labor organizations for a new wage scale to take effect at the expiration of the then existing one, the labor officials refused to make or permit any reduction to be made in the rates paid to these tonnage meu." Mr. Frick took a firm stand for the correction of this manifest injustice, and prepared a scale eliminating all the...
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Product details

  • Paperback | 612 pages
  • 189 x 246 x 31mm | 1,075g
  • United States
  • English
  • black & white illustrations
  • 1236517431
  • 9781236517432