The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-10-17
NIR|NG INTO TRUSTS.
rsxnIAL COMMISSION HEARS
MORE TESTIMONY.
.a~.t InxaIIs. of the Big Four
~.uraad system, says Railroads
snssai Be Protected Against
each Other-The Tin Plate Trust.

exuxETo< oct. fg.--The Indus
.o,,,,n,ssi0n today heard the testi-
ur ~ President NJ r. ingalls,. OF the
rour and the Chesapeake Il Ohio
Da,,.oaa conpanies. on the transporta-
- s1,bsect. and 81 william T. Graham,
- nvrsldent Of the American Tin Plate
r-n,anv. and director Of the Federal
s..ss Hoor, Company. rs a part of the in
..sry concerning trusts
" ingalls, announced bis confidence In
- sr,ersta,e commerce commission ar
LII, 10 the railroads. He said he was
-sss,nr 10 trust the commission. 10 a large
s-,sn,s Ia the regulation OF rates. and
MD be willing that its decisions should
.ss,,late until passed upon by United
s,s.ss Court There vas less discrim-
ss.tsnn on the part or the roads now than
Srr,nx dull times, but he feared that
s-t,h : change for the worse tn the gen.
- conditions there would be a return
= The old system OF discrimination To get
fresrhs business.
IN view OF the fact that one-tenth OF the
,upeuasion OF the country Is directly de-
,4oaeut for livelihood upon the rail-
.naAs he thought the commission should
i've the question % protecting the roads
ssainsr che another sn the matter o;
,stss. A great deal Of attention. lie want
a the anti-posiing feature Of the inter-
ssate commerce. law abolished. and would
- farther and ask for Il gaw enabling the
,.itroaas 10 make rate agreements. their
msintenancs TO be controlled by the courts
~ ingalls, also advocated the enforced
,,bl.ea,,on Of all freight rates. He thought
~ criminal feature Of the Law should be
sbcsfed He also favored the abolition
a the pass system and the ticket broker
srs system With the proper laws for the
,ssulatios, Of rates so To insure steady
tu,ouaAs TO the roads. Mr. Ingalls, said ne
~ss.N favcr a system OF profit sharing
n tho.lxht such a system would Insure
St,er service by employees.
VI Graham. the second witness OF the
asr ssid that. the capital stock % the
American Tfnpla,e Company was sao.G".-
n, M which amount SIS 600 D0 was pre-
sxrred stock and the remainder common
rass we're about forty other companies
ii Inc combination When re- went Into
iAe consolidation he was told tina. he could
have oniy a certain amount or stock. ana
he was given 500 Of each kind OF stock Tor
sseb 500 Of the cash valuation OF his old
plant
"a prices had advanced from 81 to 1856
- box but this advance did not more
han cover the advance In the price or
feel pig tin and other ingredients ami the
uefce AZ labor Indeed the profits were not
W4
- restriction In contracts with buyers re-
auiYing them to buy from the American
company only
No preferences We're given to one 1oboer
ever another and no sales were made TO
rstsiiers Asked concerning the effect of
,M tariff upon the tiuplate industry, he
nd II had built II UP and the abolition of
IL tariff would Kill II absolutely.
~coald you have nr"ani1ea your conbina-
IN Without the tariff" asked Col. Living
s@n.
10 this question the witness replied
There would have been nothing 10 or
tanixe''
He said that regular dividends had been
na on the preferred stock. but that none
Nd been paid on the common stock He
Bought however. that the company Was
srning sufficient none 10 pay dividend q
\ this stock. The w1rkmen were paid two
three times as much az the same work
m were paid IN Wales before coming to
1il country.