Daily press. [volume] (Newport News, Va.) 1896-current, 1908-12-22
Roasts Stock Gamblers"


lerS as being tn" worst citizen Il
country could have and said that he
never had one associated with him in
business.
Rriteraring fr, qu"ntly that his trS-
ilmonN was given from his general
knowledge of the steel business and
NOT from any familiarity with the in
! trcacies OF the costs of manufacture
and production at III" present time.
Mr. Carnegie dealt largely in theories
and deductions. stating that he was
merely expressing his opinion when
! his testimony varied from that of
Judc- Gary and Mr.. Schwab
He said that those two gentlemen
Were very truthful. but tina, they were
interested Witnesses. and the com
! mite" should not plaC" too much
stress on figures supplied by Inter
tsied witnesses"
; Enjoys Cross-Examination.
| Mr. Carnegi" evidently enjoyed the
cross fire of questions put to him by
bolh r publican and Democrat ic
! members OF the committee. HI.
' seemed to GcvCte his efforts to maxi
ing Chairman Payne and Representa-
! tiv" Dalzell and FOrdnty. OF Mich-
gan. uncomfortable He called Mr..
t Dalzell John" and either gave him
/ such "vasivc replies to his questions
Or dealt with him in slch manner
as TO turn an evidently serious silua-
ton into humorous one.
! The member from PENNSYLVANIA
| soon subdued into silence.
Praises Schwab.
PralSlng the genius OF Charles NJ.
Schwab. the committee was tod by
Mr.. Carnegie that Congress had ex-
! Tended vote of thanks to Mr.
| SchWab Tor improving the methods
of steel making in this country Il
never met his equal" said Mr. Car
negie, in speaking of Mr.. Schwab,
when we were partners We were a
great team
! That is very apparent remarked
! Chairman Payne
! Speaking of The testimony OF Judge
Gary before the committee Mr. Car
.negie said: You should no, place
I any real value upon the testimony of
interested parties. Judge Gary said
the United States steel Corporation
/ could stand for a reduction in the
tariff on steel but the smaller steel
| manufacturers could no; survive with
| lowe red duties.
| Judge Gary is the monkey who de
sired the chestnuts. hut wanted tn"
ca; TO pull them out of the fire
Creates Merrmens.
At one point Mr.. ayne leaned over
| and whispered to Mr. DalZell
| Il wish The chairman would tel, ME
what he said to Mr.. Daizell think
| | ought TO know" Mr. Carnegie pro
| tested
| There was roar of laughter
| throughout the room. but Mr.. Payne
made no reply.
| Leaning over with his hand TO his
ear and his head cooked to one side.
in imitation of the attitude assumed
! by Mr.. Payne in whispering to Mr.
| DaiZeli Mr. Carnegie said: II should
say that your words were the jig
is up
, Mr.. Carnegie was not willing to
deal in figures.
The more figures you get the more
you will be befosgsd'
You've been Out Of steel some
time" said MIR. Payne. Can you toll
us where We can get the figures on
l
Asks Awkward Question.
II don't know whether you can get
tn" figures" was his reply. IF a
judG" was interested in a case you
wouldn't respect his decision would
YOU" he asked referring to the steel
manufacturers who have app" AIRED be
fore the committee.
There was no reply 10 Mr.. Carnc
gic'S question.
Silence in the court rCom,' he
ItaughInSly remarked. rs 100 bad
have TO submit TO b. cross-exa min cd
and can't get a chance to cross-exam
inc these dignitaries
Mr.. Carnegie said al IN" rate al
which iron ores are being extracted
the supply will bc exhausted in forty
years. He based his statement on
tn" best expert opinion b. could oh
tain. he said. He also said that Eng
land world be in the same condition
IN seven years.
Would You recommend an income
tax 10 mako no the deficit in tho rev
enues?- Mr.. Fordney asked.
Income Tax Creates Liars.
Il believe" replied Nr. Carnegie
deliberately" with Mr., Gladstone
who had more experience with tho
income tax than anv man Of his day
that an income tax makes nation
OF liars. or all the demoraliziDg take
that a nation can impose upon the
people tho income tax Is the worst
IF you wart To do harm with
money give II away 10 ;hosC p"opie
who will not struggle for themselves
was ono OF the numerous Cpigrsms
frightening MT. Carnegic's unique to-
|, iimony.
That applies 20 tho Tariff on steel
he added
Mr. Carnegie said he came before
the committee because he had been