New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-10-17

ANOTHER HEARING BY THE INDUSTRIAL
COMMISSION.
PRESIDENT INGALLS, AND WILLIAM T. GRAHAM
OF CHICAGO TESTIFY.

PRESIDENT INGALLS, AND WILLIAM j. "''''
OF CHICAGO. TESTIFY.
Washington. oct 1.-THE Industrial Commission
to-day heard tho testimony Of President VI j.. ','
gals u the pig Four and 'hosape"K" anu ''''
railway companies on The iranspor'"''" 49,,
and ~ william r Graham. of Chicago vlce-pr'Sl-
so,t If the American TIN Plato Company ana di-
rector Of the Federal steel Company and the St'"'
roon Conpany ae part Of the inquiry concerning
trusts ~ T.
Mr. ingalls, announced LIS confidence in the IN
terstate Commerce Commission as us'iul 10 u''
railroads. lie said he willing 10 rust inc
Commission 20 Il large extent IN the r'Ku'''o" va
rates and would be wiling that iis decisions shonl
regulate the question without being passed on by
United States court. He wanted the 'fo''' "'''''
IN aid the railroads IN the maintenance or rates
saving this power should go with the power 20 TX
,,,o.e tho roads There was less discrimination on
the part Of the roads now than In duH 'in's' "''
he feared that with a change for the worse IN 'ne
o.reral conditions there would be q return 10 'l'
old svs,ern Of determinations 20 get freight hus'-
ness In view Of the fact that ono-t'n'h W tN'
nnpulation Of the country r. directly d'p'No''' '''
i,.oi,nood IN the railroads ne thought the Com
mission should give the question or protecting inc
roads against one another in the matter Of rates
great deal Of attention To this end contracts ''-
tween railroads should be legazed. ana SUITS ""-
thorized for the recovery Of damages I'D case OF
breach To hls mind there WAS more danger H
giving free rein 20 the railroad pariAhs ana l'n-
maelres than IN legislation Unrestricted coi"''"-
,ion WAS INJURIOUS 20 the railroads, m" shippers
o,d tho nuhlic AZ large and ho feared that without
eouitshl4 laws II would work the destruction oil
the greatest industry in the United states ne
wanted the anti-pooling feature of the in'e'7'''e
Commerce Law abolished. and would x" iN''.
and ask for law enabling the railroads 10 MAKE
ratio agreements their maintenance TO be confronted
by the courts.
Nv Ingalls, also advocated the enforced puoica-
tion Of all freight rates. saying that bee Womb De
willing also 20 submit to inspection oi the DOCKS OF
the railroad companies, as the books OF "'' M
tonal banks are now inspected. ie thought un'
criminal feature OF the law should De abolished He
also favored tho abolition % the pass system ana
tho ti.Ket brokerage system. With the proper laws
for the regulation Of rates so as 20 insure s'e'os
incomes TO the roads Mr. ingalls, said he wound
favor a system Of prOht-sharlug he Thought S'cn
n system would insure better service 10y emp"Ye7
ana be more equitable. but felt thai would NOT 'e
satisfactory IN the absence Of system guarantee
ing stability
THE TrNPLATE INDUSTRY
Mr.. Graham. the second witness ~ tho day. said
that the capital stock OF the American Tin Plate
Company was SHc"eD. OF which $4,000" was pre-
ferred stock and the remainder common. There
were about forty Old companies IN the combination.
11.,,o, he vent into the consolidated company h"
..as told that ne could have only a certain amount
~ stock and ne received 500 worth OF each kind
o., stock for each 800 OF the cash valuation Of his
old niauf Since the consolidation had been Effected
rriocs had advanced from s. 70 10 81 81 IL box but
! this advance did not moro than cover d." advance
I'm Tho prices of steel. pix tin and other ingredient
ard lie urlco of labor. Indeed. tine profits were not
90 large as formerly Io said tholc Vas no rcslii
ION I'm cont Facts with buyers requiring iA'm Z" 'Dl
/ froro the American company Only. No piricIcn .'7
we're given to johber over another ana no SiI"7
u,ere made 10 retailers Asked concerning the enc
of the tariff on the tnplato Industry. ne said II nal
bait II up and The abolition OF the arlH WoNid XIII
Il absolutely. ,t. -,.,.,...
| Gould you have organized Your combine without
the fariN2' asked Colonel Livingston.
! To this question the witness replied 'ihcIo
would have been nothing 10 organize
/ Ur said that regular dividends bad been pdih on
,hc preferred stock. but none on the common STOCK
/ liz thought however. that the company VAS ear Dr.
/ ing enough 10 pay dividends on this stock. Tho
,,S~k,n.n received TWO Or three times aS much Hi
the same mon got IN Wnles before coming 10 TINS
! country . g.. ..t.o til,
| plafo Comuauv. als1 mad" a brief statement con
corning the organization OF that company cori"''-
| rating Nr Craham's statement. Nc said ne knr"
| ~ no contracts for determinations against "th'r
I manufacturers lie said thaf the common STOCK ID,
Tho COMPANY represented the price OF On" eood"i ID
! ~ the different companies which constitute te
combination.