The Nezperce herald. (Nezperce, Idaho) 1900-1957, 1901-05-17
N DEFENSE OF STEEL TRUST.
scHwAB BEFORE COMMISSION.
ThisL. ~ T. Coed Thias-iIis Com pa
n, tosarsi. Eight osse.rss-seiIs
Frodaess at Low Cost Abroad 10
Held the Markets.

Washington. May Is. Charles NJ.
Sehaab. president Of tho United States
steel combination stated l~fosr the midas
trial eotaniss5on thar the United States
ssssi eampany controls eight companies by
oanlng their ssosk. and Inst mhile sGvps
are taken 10 Insure The good viii aud 90
operations ~ all these companies. each one
eeassaliy Is lefg 10 conduct bsasinr.< ID ats
oan Nay. As a fule the plan has bsen 10
take ia 0nly companies Nhieh were mol
eempsllors, bat il MAS true that there
MsFe cases in 2hich lAo institutions u tAe
ssms line Asre brought together. and in
sueA rss@s the managers Nssp expected 10
get hestAef Ia making sl4ssF plans iof
saies.
Knamssaslne the ads sntssvs If oonsoli.
aasion. Mr.. Sxh9ab sal1 they eese found
especially Ia ssanspafsa lion and nanAgs.
nssns and In sAe ngilixasson II al The oFrs
oAnaJ In this oaaners Jon Mr., Sehn'sb
sid that the United states Ssesi com,
pany o~ns - psx cent ~ tbs lson orr Of
Tie rounssy and be express the opinion
THAT thee1 ofs deposits mnst conssAnsly
gfow IN s&isie l~nans~ limited. The osn.
rsny usakrs from sss 10 Is PER rwnt q the
sirsi psosivsss a tAs ea1nssy. He also
ssAa sAzs shsFe had lse~n NO Increase IN sas
price u products sinee he organization u
the United STATES easnpany sna thai ihs
Frndeney i toward la@ - psAss
Discussing the tarI. Ar. Sshwab "a
pressed ihs opsnson Inst IN srslcie. 81
Manufacture in aAicA labor ooes not "a.
trx a. an important factor. the ,aua
might h. removed, bsss thai IN prelucss
into ahsch bg.af eaters largely. such a.
Enssaaee. 81 tin plata. II wpaid D. nerss
saFy either 10 Feincw wags@ % io~e trade
II shs tariff Ne4e Fsnasei He shoaxai
shss sxcrps IN tho fsslac oeant the re.
naval Of ths sAsSiF eoaid not interfere
alsh the production al ss~ni rails afd s,sl
isss. Mr.. SVawsb took position agasnsi
organized lshor, saying that il did not
give sndsvidnsis fair shsncc IN Iiie.
Ne. srhwsh s&sd Il pas shr purpose ~
sis rsssni steel company to ccnirel the
esaeailssry organizations ln harmony. hsst
fais ws. 10 - done ~ Indicating The ~
Beers u tbs various euneefns.
There may not bs - many names 81
influence On she hsafd..~ he said. ..bas tie
management sill le csiiessns.v
Mr. sshwab excused himself from
speaking eunesfnsns tbr details ~ tho or.
ganixation 81 his company once o. ssscr.
ssysng that questions concerning cspissli'
sssions, premiums, ETC.. should he sslss
otsNr Morgan.
Lossrr price Abroad.
gte admitted THAI tho compauy sells IT
y lowss priee shsosd Than AZ home in some
tsu.lucss The practice i followed to
hold The markets. Re said The witness
dsen.4si ths relation u tho sariii TO the
sseel industry at length. bat be said that
On the whole the steel snsRnasrs did not
desire 10 have the tariff chsard IN any
respect. considering Il entirely sa'isiac.
tory az at present arranged. Assci 'or
his opinion a. to the elect Of The enact
nsus ~ The nahccck bill. taking the duty
oF srust made articles. Mr. schwah es.
pre@sed opposition TO u. He d'd not con.
slider as possible an international iron ana
steel combination regardless Of all tar'n
restrictions.
w~,sti.n Of Capital 20 Labor.
nissus.ina tho relation of capital to a.
hor he said that while he would not I'M
dertake to outline the future policy OF the
atccI corporation. he did not 'ndorse we
policy Of the labor organization az IN tne
interest Of the Iatoring men. lie ga
hopc. however. to arrange matters ina.
ope,atiscs could share In the profits Oh