History of the United States, Volume 6Andrews, Elisha Benjamin
History
History of the United States, Volume 6
Andrews, Elisha Benjamin
United States -- History
The trust creators extended their operations abroad. In 1901 J. Pierpont
Morgan and associates acquired the Leyland line of Atlantic
steamships. British nerves had not recovered tone when a steamship
combination, embracing not only American and British but also German
lines and ship-building firms at Belfast and on the Clyde was announced.
Of the great Atlantic companies, only the Cunard line remained
independent. Parliamentary and ministerial assurances of governmental
attention only emphasized the strength of the association.
[Illustration: Portrait.]
Copyright, 1901. by Pach Bros., N. Y:
J. Pierpont Morgan.
One effect of this organization at home was to place the Ship Subsidy
Bill, which passed the Senate in 1901, for the time, at least, on the
table. The sentiment of the country, especially of the Middle West,
would not permit the payment of public money to a concern commercially
able to defy Britannia on the sea.
The Yankee Peril confronted Londoners when they saw American capital
securing control of their proposed underground transit system. At their
tables they beheld the output of food trusts. One of these, the
so-called Beef Trust, called down upon itself in 1902 domestic as well
as foreign anathema.
The failure of the corn crop in 1900, together with a scarcity of
cattle, tended to raise the price of beef. In 1902 outcry became
emphatic. Advance in meat values drew forcibly to view the control held
by six slaughtering concerns acting in unison.
The President ordered an investigation, and, as a result, proceedings
under the Sherman Act to restrain the great packers from continuing
their alleged combination. A temporary injunction was granted. The slow
machinery of chancery bade fair to work out a decree, but long before it
was on record, alert spirits among the packing firms evolved a new plan
not obnoxious to decrees, but effective for union.
If the public suffered from these phalanxed industries while they ran
smoothly, it endured peculiar evils from the periodical conflicts
between the capital and the labor engaged in them.
The Steel Strike of 1901 was a conflict over the unionizing of certain
hitherto non-union plants of the United States Steel Corporation. It
resulted in defeat for the strikers and in the disunionizing of plants.
[Illustration: Two officers standing in front of a rail car.]
Col. Clements. Gen. Gobin, commanding troops sent to Shenandoah in the
coal strike of 1902.
This strike had no such consequences for the consuming public as
attended the anthracite coal strike of 1902, which was more bitterly
fought in that it was a conflict over wages. The standard of living had
been lowered in one of the coal-fields by the introduction of cheap
foreign labor. Now the same process threatened the other coal-field.
Public-domain text, read in full here on John Shaqi.
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