Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1908-12-22
No CHANGE IN
CARNEG|E'S
VIEWS
VETERAN INSISTS STEEL
NEEDS NO PROTECTION
Laird Of Skibo Before House
Tariff Committee ReiterateS
Position That Industry Has
Outgr0Wn Infant Class,


IBy Morning Journal sDecaaI Leased wIrsI
Washington. Dec 2l.-Andrew Car
negie, famous for the millions he
made in the steel business and for his
views on economic questions. was an
entertaining, If not Instructive, wit
ness beforca the house ways and means
committee tariff hearing today.
An article on the tariff. and espe-
cially relating to the steel schedule.
written by Mr.. Carnegie, recently APP
peared in monthly magazine. Ow-
Ing to the statements made in that ar
ticle. it became the basis for the ques-
tions asked by the members of the
committee at hearings on the steel
schedule.
As the testimony of various steel
manufacturers was at variance with
the statements made by Mr. Carnegie,
the committee invited him to give any
information the committee could use.
As Mr.. Carnegie declined to accept the
invitation he was subpoenaed Mr.
Carnegie was to have been heard
nearly two weeks age, but asked for
postponement, evidently for the pur-
pose of having the committee secure
the testimony Of other steel magnates
first
Although he was on the stand for
nearly eight hours, Mr.. Carnegie
laughed and ioked good naturedly
throughout He eXaspcrated several
of the "standpattcrs," with his epl-
gramatic replies, praised the genius of
Charles Nj. Schwab urged the COM
mittce 10 accept the testimony of
Judge T.. II. Gary as conclusive, and
told several funny stories. He avoided
figures, however, TO such an extent
that ii is doubtful II the tariff franz
ers are any more enlightened on the
steel question tonight than they were
before Mr.. Carnegie was sworn In at
sac this morning
Mr. Carnegie's principal contention
Was> that the steel industry needs no
more protection, that IL has reached a
point In its development where tho
American manufacturers can compete
with the world under free trade condi
ions. While he claimed that the cost
VI labor and production of steel are
rss in this country than in the other
Countries in producing steel MIR. Car
legie gave no figures to support his
contention.
He said Judge Gary told the com
nttoe that the United States Steel
corporation can get along without
ariff ON its products, and that should
'e sufficient evidence for the commit
ee to take off the duty on steel and
ron.
The Laird of Skibo Castle testified
n support of the statements tina. he
made in his magazine article, de lar
ng that the facts show that the steel
Industry needs no protection ri.
arnegic proved the most inter- sting
illness who has appeared before It,
ommittee intersperslng his testim my
18th humorous and epigramatic re-
marks Praising the genius of Charles
!, Schwab. Mr.. Carnegie sugges ed
hat congress should extend vote of
hanks 10 Mr. SChwab for his work In
improving the mehods Of steel making
! this country
81 never met his equal" said Mr.
arnegie. in speaking OF Mr.. Schwab,
ana when We were partners we were
great team
THAT is very apparent" remarked
hartman Payne.
Speaking of the testimony of Judge
ary before the committee, Mr. Car
gle said
You should not place any reat
Hue on the testimony OF interested
rites. Judge Gary said that the
nitcd states steel Corporation could
ana for reduction in the tariff ON
Eel, but that the smaller steel manu-
eturers could not survive with low
ed duties. That is like one Of
Sop's fables. Judge Gary is like the
1nkcy who desired the chestnuts,
I wanted the cat to pull them out
the fire"
The crowded room frequently rang
IN peals Of laughter at the quips of
f. Carnegie, who seemed to be In
.cndid shape for the questions asked
Representatives Dalzell and Payne.
The former steel magnate said that
dgc Gary had issued an annual
tcment showing that the United
ttes steel Corporation had made a
oft OF $15S.O0O. 600, which. he said,
lalled a profit Of $3.50 @ton on all
el produced.
Mr.. Carnegie avoided direct replies
questions as TO whether the cost OF
oducing steel at the present time. as
zen by Judge Gary and Mr.. Schwab.
s correct. Mr.. Schwabs estimate
the present cost is based on en-
ely different ideals than his esti-
ite on the cost Ia 1899" was ali that
: Carnegie would say.
Replying to a question from Mr.
ekran, Mr. Carnegie declared that
removal OF duty on steel would
necessarily affect the prices. be-
use Europe could not successfully
npete with the American product
also said that il the figures given
former witnesses were absolutely 4
rect steel stock would be selling
low par.
Mr, Carnegie asserted that at th&
te al ~sseh iron ores are being ex
seted. the supply would be exhaust.
In forty Years He based his staf