The Birmingham age-herald., 1908-12-22
CANNY OLD SCOT
 IS LAIRD OF SKIBO
CONTINUED FROM pAG,l 1.)

sumed by Mir. Payne in whispering to MT. Dalzell MT. Carnegie said: T should say that your words were the jig Is up :"
 MT. Carnegie was not willing to deal in figures. The more figures you get the more you will be befogged. I don't judge by figures given by interested parties" he said at another point in his testimony. "I judge by results"
 Judge Gary's Statement. The former magnate said that Judge Gary had issued an annual statement showing that the United States Steel cor poration made profit CT 5S,OOo,0OO which he said equalled a profit of $l550 a ton on all steel products.
 MT. Carnegie avoided direct replies to questions as to whether the cost of pro ducing steel at the present time as given by Judge Gary and MT. Schwab was correct.
 MT. Schwab's estimate of the present cost Is based entirely on different ideas than his estimate on the cost in 1899, was all that MT. Carnegie would say. Replying to a question from MT. Cock | ran. MT Carnegie declared the removal | of duty on steel would not necessarily affect the price, because Europe could | not successfully compete with the Amer 1 ican product. He also said that if the | figures given by former witnesses were | absolutely correct steel stocks would be selling far below par. Bought Out Competitors. MT. Carnegie spoke of the difficulties | he experienced with directors ignorant of | the steel business. T gradually bought them out and got men like Schwab around me and we made the cheapest steel that 1 has ever been made
 ..You've been out of steel for some time," said MT. Payne. Can you tell ! Us where we can get the figures on the l present cost of making steel?' T don't know whether you can get the ] figures" was his reply. If judge was interested in case you would not respect his decision, would you?" he asked, re- ferring to the steel manufacturers who 1 have appeared before the committee.
 There was no reply to MT. Carnegie's l question.
 silence in the court" he laughingly remarked.
 "It's too bad I have to submit to be cross-examined and can't get chance to examine these signatories ! Mir Carnegie asserted that at the rate at which iron ores are being extracted the supply would be exhausted in 40 years. He based his statement on the best ex-
  He also said that England would be in the same condition in seven years.
 The testimony of Judge Gary was ire | quently referred to in the questions asked of MT. Carnegie. Reference was made l particularly to a statement that the duty i could be taken off as far as the steel corporation Is concerned. and MT. Car negie said this portion should be accept ei by the committee.
 Dispute Over Statement.
 An argument was precipitated by this statement between Messrs. Payne and 1 palzell on one side, claiming that Judge Gary did not say the duty could be re- moved on all steel products and Mir Cock ran on the other hand claiming that Judge Garys testimony was to that effect.
 Judge Gary has summarized the facts for YOU" said MT. Carnegie, and should depend on them. He has told you that trey don't need the duty. If the cost of steel rails has increased abroad as 1t has here, you will find Judge Gary S statement quite true and that he could stand free trade"
 Judge Gary had testified that the price is as high abroad" said Chairman Payne.
 "Then does not that show that you hav- ing nothing to fear from free trader" was the prompt reply.
 MT. Carnegie was questioned at length regarding the cost of producing steel, but the witness declared that honest men easily could differ on that question, the steel business was by itself and the cost 1 to one man was a very different thing , from the cost to another. When a gen. tleman of Judge Gary's character" he sad "comes to you and tells you he does net need a tariff you ought to believe him."
 Steel Rails Low Enough.
 He insisted in replies to questions by Mr Bonynge that the railroads were not paying too much for steel rails. The steel rail makers, he thought, were mak- ing fair profit.
 How about other steel products besides steel rals?' MT Boynge inquired.
 q have not a word to say.' MT. Car negie replied. That's out of my pro- vince"
 MT Fordney recited the testimony of MT Schwab and was interrupted by MT. Carnegie with the remark that He is a genius
 Breaking in upon the Scotch story whicf MT. Carnegie related and in the course of which the witness mentioned the name of Judge Gary. MT Fordney asked if it was intended to characterize MT Gary as "a sleek article.'
 ''Oh, no'' said MT. Carnegie. "On tn, contrary he is most lovable man. Ii means that he IS SnreWu IL means tnd' he has a delightful, sweet nature"
 Would you recommend an income ta, ] to make up the deficiency in the reve nue?" MT. Fordney asked.
 The Income Tax.
 T believe" replied MT. Carnegie de liberately, with MT Gladstone, who has had more experience with the income taz than any man of his day-that an income tax makes a nation of liars. Of all the demoralizing taxes that nation can i'm pose upon the people the income tax is the worst
 You agree with Gladstone in that?" in terjected Chairman Payne.
 "I do" the steel magnate replied.
 "So do l." said the chairman
 "If you want to do harm with money give it away to those people who will not struggle for themselves was one of the numerous epigrams brightening MT | Carnegie's unique testimony. That ap- | plies to the tariff on steel" he added. q think the man who can make three | or four dollars more profit than a lazy | inert corporation management should be | allowed that profit-for his country s l good" was an opinion expressed by MT. l Carnegie when being questioned with re-