The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-12-22

LIZ DALI 1L<A44S
of which the witness mentioned the name
OF Judge Gary, Mr. Fordney asked II
il was intended TO characterize MI GARY
as a sleek article.
.Oh. no." said Mr.. Carnegie. "On the
contrary. he is a most lovable man. IL
means that he is shrewd. II means tnat
ne has a delightful. sweet nature
would Won recommend an income tax
10 make up the deficit in the revenues!
Mr. Fordney asked
Il believe" replied Mr.. Carnegie, with
Mr.. Gladstone. who had more expert
euce with the income tax than any man
of his day that an income tax makes
A nation of liars. OF all the demorailz-
ing taxes that nation can impose upo !,
you agree with Gladstone in thatZ
interjected Chairman Payne.
Il do" the steel magnate replied
so do l." said the chairman
How to Do Harm With Money.
IF YOU want to do harm with money.
give it away 20 those people who VIII
not struggle for themselves: was one OF
the numerous epigrams Frightening Mr.
Carnegie's unique test
THAT applies to the tariff on steel,
he added
or four dollars more profit than a lazy
inert corporation management should be
allowed TO make that profit-for his coun-
try's good" was an opinion expressed by
Mr. Carnegie when being questioned with
regard to what he considered reason
able profit.
Pressed with questions from all sides,
Mr. Carnegie arose from his seat and
dramatically declared that The was pro-
- desire he said. ito furnish to the
consumer a cheaper supply and a more
regular supply than he could get abroad
and II after forty7 years experience we
cannot develop steel with that condition.
our protective policy in that instance
would have been & failure, instead or the
triumphant success it has become"
Pointing his Hager AT the committee
and raising his voice to its highest pitch.
he declared that She steel industry was
now in the position where it can say:
Take your protection. We are now
men and we cam beat the world in the
manufacture of steel
There is no reason for the tariff on
steel, he again emphasized You should
not coddle the industry with protection
A recess at this point was ordered. Mr..
Carnegie inquiring IL the committee was
through with him.
Mo" came chorus of voices.
'sThis is cruel" remarked the steel mag
nate, as he retired from the room
Sublime Solicitude.
''His solicitude for his weaker brethren
is sublime said Mr.. Carnegie. referring
TO Judge Garys contention that the small
for the abolition of the duty on steel, after
recess.
Mr. Carnegie said the manufacturers of
Wales could make a ton of tin plate
shade cheaper than it could be made here
and that the cost of manufacturing steel
is greater in Great Britain than here. He
said the committee should send experts
familiar with the steel industry to the
large mills of Europe to study the queS-
ton of comparatiYe cost of labor.
1T is condition. and not theory that
concerns the committee at this time, y
said Representative LongwOrth. in reply.
1T is understood What the president-elect
will call a speciatfsession of congress for
the purpose of enSctinA tariff bill, and
we must prepare a bill for them to pass
on We have no lime to send experts to
Europe What want TO know is what
authority besides fthe testimony given by
you and Judges Gary, who / don't think
went as far as Won do. have we. for taking
the duty off OF steel?
Mr. Carnegie pointed out that there is
practically no foreign made steel import
ed to this country.
Mr. Carnegie had planned to leave for
New York on an afternoon train. but
when Mr.. Payne asked him if he desired
to continue his testimony today or appear
again tomorrow. he arranged to stay in
Washington tonight
Il consider it my duty as citizen to
come here week if necessary said MIR.
Carnegie.
Mr. Carnegie concluded his testimony
shortly before o'clock and was about TO
leave when Alfred o. Crozier of Will
mington. Del, asked permission to be
heard He also asked Mr. Carnegie to
remain and hear his remarks explaining
that they would be in the nature of a crit
icism of the former steel kings views on
the tariff Mr. Carnegie took seat with
the evident purpose of listening to Mr..
CroZier. but the latter had not proceeded
far when Mr.. Carnegie arose and said that
he had been before the committee all day
and that it was pretty tiresome. He begged
to be excused. but said that ne would like
after they are printed
Il shall read it with pleasure he said.
land if the gentleman criticises me-
shall say What a pity that man does
not know better and if he is with me
I shall probably say. What wise young
man he is
With a few parting words of regret be-
cause he could not stay, Mr.. Carnegie took
his departure.
Mr.. Crozier addressed his remarks prin-
cipally to the magazine article recently
published over Mr.. Carnegie's name,
which, he said. dealt severe blow at the
entire protective system. He said that
Mr.. Carnegie had kindled wide doubt as
to the wisdom, necessity and value of
protection Mr.. Crozier claimed that Mr.
Carnegie's proposition to take the DUTY
off steel would have the effect of leaving
the United States Steel corporation for
ever in undisputed possession OF the Amer
lean field.
Rise of Carnegie.
One of the most interesting features of
Mr.. Carnegie's testimony was his history
of his remarkable rise in the iron and
steel business. He said his first venture
was in the manufacture of cast iron
bridges for railroads to replace the wood
en- structures which they then were using
Together with six others he invested 81 800
as capital for the venture, getting his
share of the money by means of loan